AEON Co., Japan’s second-largest retailer, said today (26 September) that it anticipates posting a 19% increase in first half operating profits, driven by strong results at its core supermarket business.

Aeon forecast first half operating profits of JPY82bn (US$704.5m), up from JPY69.1m reported last year.
The Japanese retailer kept its full year earnings forecast unchanged at between JPY200 and JPY210bn. Aeon had previously revised its guidance, increasing its predicted earnings forecast from JPY185 to JPY195bn, when the company reported a 27% rise in quarterly profits in July.