Aeon (8267) Q1 2026 earnings summary

Executive summary

• Operating revenue and profit reached record highs in 1Q FY2025, with operating revenue at ¥2,566.8 billion (+4.8%) and operating profit at ¥56.2 billion (+17.8%), continuing strong momentum from the previous half-year.

• Despite record operating profit, a net loss attributable to owners of ¥6.5 billion was recorded, mainly due to tax-effect accounting from business restructuring in Health & Wellness.

• All reportable segments posted higher operating revenue, with strong performance in GMS, Supermarket, Health & Wellness, and Shopping Center Development businesses.

• The company advanced digital transformation, expanded private brand sales, and accelerated Asian market expansion, while making AEON Mall and AEON DELIGHT wholly owned subsidiaries.

Financial highlights

• 1Q FY2025 operating revenue was ¥2,566.8 billion (+4.8% YoY); operating profit was ¥56.2 billion (+17.8% YoY); ordinary profit was ¥48.0 billion (+5.9% YoY).

• Net loss attributable to owners was ¥6.5 billion, compared to a profit last year.

• Comprehensive income was negative ¥42.3 billion, down from ¥16.4 billion last year.

• Earnings per share was negative ¥7.63, compared to ¥3.91 last year.

• Operating revenue marked a fifth consecutive record high; operating profit reached a two-year high.

Outlook and guidance

• FY2025 forecast: operating revenue ¥10,500.0 billion (+3.6%), operating profit ¥270.0 billion (+13.6%), ordinary profit ¥250.0 billion (+11.5%), profit attributable to owners ¥40.0 billion (+47.2%), EPS ¥15.49 (reflecting stock split).

• No changes to previously announced earnings or dividend forecasts; 1Q progress largely met initial projections.

• 3-for-1 stock split scheduled for September 1, 2025.

• Consolidation of subsidiaries through integration and full ownership not yet reflected in forecasts.