Aeon (8267) Q4 2026 earnings summary

Executive summary

• Operating revenue rose 5.7% year-on-year to JPY 10,715.3 billion, marking a fifth consecutive record high, with operating profit up 13.8% to JPY 270.5 billion and ordinary profit up 8.4% to JPY 243.0 billion.

• Profit attributable to owners of the parent surged 167.5% year-on-year to JPY 72.7 billion, aided by a step acquisition gain from Tsuruha consolidation.

• Growth was driven by productivity improvements, cost controls, private brand expansion, and strong performance in Health & Wellness, Shopping Center Development, and Services & Specialty Stores.

• All reporting segments saw revenue growth; five segments posted higher profits, led by shopping center development and services/specialty stores.

• Implemented a 3-for-1 stock split effective September 1, 2025.

Financial highlights

• Operating profit CAGR over five years was 11.6%, outpacing operating revenue CAGR of 5.3%.

• TopVALU private brand sales expanded 10% year-on-year to JPY 1.2 trillion.

• Retail Media operating revenue doubled year-on-year.

• Cash and cash equivalents at year-end: JPY 1,263.1 billion (+7.8% YoY); total assets rose 11.1% to JPY 15,369.7 billion.

• Basic EPS: JPY 26.87 (adjusted for stock split); net assets per share: JPY 440.40.

Outlook and guidance

• FY2026/27 forecasts: operating revenue JPY 12.0 trillion (+12.0%), operating profit JPY 340.0 billion (+25.7%), ordinary profit JPY 290.0 billion (+19.3%), profit attributable to owners JPY 73.0 billion (+0.4%).

• Planned investment of JPY 580.0 billion, focusing on Vietnam, supply chain, process centers, DX, and store expansion.

• Targeting TopVALU sales of JPY 1.4 trillion and group joint procurement of JPY 900.0 billion in FY2026.

• Annual dividend forecast: JPY 15.00 per share, including a commemorative dividend.

• Aims for 2,500 My Basket stores by 2030, each targeting JPY 800,000 daily sales.