Aeon Hokkaido (7512) Q2 2027 earnings summary

Executive summary

• H1 FY2027 sales reached a record ¥188,263 million, up 1.2% YoY; operating profit fell 38.4% to ¥1,517 million and net income fell 92.8% to ¥85 million.

• Price-competitiveness efforts, sales below plan, and store impairment losses offset sales growth and weighed on earnings.

Financial highlights

• Revenue was ¥188,263 million (+1.2% YoY); gross profit was ¥58,225 million (+0.3%); SG&A was ¥56,707 million, up 2.0%.

• Operating profit was ¥1,517 million (−38.4%); ordinary profit was ¥1,300 million (−43.0%).

• Net income was ¥85 million (−92.8%); impairment losses were ¥919 million, up from ¥597 million YoY.

• SG&A was 30.1% of sales versus 29.9% a year earlier; personnel expenses were ¥26,268 million, 103.0% YoY.

Outlook and guidance

• FY2027 guidance unchanged: revenue ¥392,000 million (+3.1%), operating profit ¥8,700 million (+4.4%), ordinary profit ¥8,200 million (+2.1%), and net income ¥3,000 million.

• Full-year EPS is forecast at ¥21.56; annual dividend guidance remains ¥16 per share.

• H2 priorities include value-focused food and deli offerings, expanded discount and supermarket formats, and broader process-center supply.