JAPAN: Retailer Aeon expects another year of record profits

By Dean Best | 12 April 2012

  • Aeon net profit up 11.8%
  • Expects earnings to rise by up to 9.4% in new FY
  • Forecasts acceleration in sales growth

Japanese retailer Aeon, which saw profits rise almost 12% in its last financial year, has forecast another year of record earnings.

The company, which has stores in 12 Asian territories, has predicted its net profit could increase by up to 9.4% over the 12 months from the start of March.

In the year to the end of February, Aeon made a net profit of JPY66.75bn (US$824.1m), up 11.8% on the previous 12 months. Its operating profit increased 13.5% to JPY195.69bn.

The higher earnings came on the back of cost cuts as sales inched up 2.1% to JPY5.21trn.

For its new financial year, Aeon has forecast a 1.9-9.4% increase in net profit to JPY68-73bn. It has predicted 7.3-12.4% growth in operating profit to JPY210-220bn. The retailer also estimates a 8.5% rise in sales to JPY5.65trn.

Sectors: Financials, Retail

Companies: Aeon

View next/previous articles

Currently reading -

JAPAN: Retailer Aeon expects another year of record profits

There are currently no comments on this article

Be the first to comment on this article

Related research

Food Retail in Asia-Pacific

Food Retail in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key ...

Food Retail in South Korea

Food Retail in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key f...

Related articles

CHINA: GFSI safety scheme to help exports - China's COFCO

Taking part in the international Global Food Safety Initiative (GFSI) will help Chinese food group COFCO grow in overseas markets, the state-backed company has said.

INDONESIA: Aeon to launch Ministop in Indonesia

Japanese retailer Aeon has announced plans to launch its Ministop convenience store network in Indonesia.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page