Japanese supermarket operator Aeon has reported a 7.9% rise in full-year group net profit, boosted by its credit card and real estate businesses.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company posted net profit of ¥55.32bn (US$523.5m) for the year to 20 February, compared to ¥51.26bn in the previous year, reported Dow Jones News.
Aeon said group revenue increased 15% to ¥3.55trn. The company had forecast net profit of ¥47bn, and revenue of ¥3.3trn.
The retailer said its supermarket operations were hit by unseasonably cold weather in Japan last summer, with same-store sales falling 2.9%.
For the current fiscal year, Aeon has forecast a 19.3% rise in net profit to ¥66bn and a 15.6% rise in revenue to ¥4.1trn.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
