Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
If you would like to send us an article, contact Margaret Stacey

Aeon's operating revenues were up year over year in the nine months ended November 30, 2010

COMPANY OF THE WEEK: Aeon Group Shows Moderate Recovery

  (JAPAN, 1/28/2011)

In the nine months ended November 30, 2010, Aeon Co., Ltd. (Public, TYO:8267) corporate earnings showed pockets of moderate recovery as consumption expenditure expanded in response to national economic stimulus measures and export-related industries recovered on the back of rising demand in emerging economies. 

Uncertainty about Japan’s economic outlook, however, remained unabated with employment and income still in poor shape and the country also beset by a persistently strong yen and languid stock prices.

Overseas, the Aeon Group opened 5 GMSs - 4 in China and 1 in Malaysia- and 2 supermarkets - one each in China and Thailand. (Photo: Typhoonchaser)

Aeon says that it is working on the necessary arrangements to ensure successful fulfillment of the Group’s upcoming medium-term management plan aimed at fueling medium to long-term growth. The fiscal year ending February 29, 2012, will be the plan’s inaugural year.

Operating revenues were up year over year in the nine months ended November 30, 2010, reflecting the impact of measures aimed at making maximum use of the Aeon Group’s resources and the success of products and services tailored to customer needs.

Aeon's corporate earnings showed pockets of moderate recovery as consumption expenditure expanded in response to national economic stimulus measures

Aeon continued to revise selling, general and administrative expenses and the reform of its cost structure across the entire group with a particular focus on its GMS (general merchandise stores) operations, which are the core of the Aeon Group. Profits improved even further in response.

As a result, Aeon's consolidated results for the nine months ended November 30, 2010, were as follows: operating revenue was 3,732,302 million yen, an increase of 0.1 percent compared with the nine months ended November 30, 2009; operating income increased 66.7 percent to 93,358 million yen, and ordinary income increased 86.9 percent to 101,128 million yen. Aeon recorded consolidated net income of 49,121 million yen, an increase of 59,047 million yen from the year-earlier period.

During the nine months ended November 30, 2010, in Japan the Aeon Group (including equity-method affiliates) opened 4 new general merchandise stores (GMS) and 39 supermarkets, and closed 10 GMSs and 21 supermarkets.

Overseas, the Aeon Group opened 5 GMSs (4 in China and 1 in Malaysia) and 2 supermarkets (one each in China and Thailand), and closed 1 GMS (China).

In Japan, Aeon operates Carrefour in Amagasaki-City (Photo: Whity)

About Aeon Co., Ltd.

Aeon Co., Ltd.  is a Japan-based company mainly engaged in the general retail sale business, focusing on the operation of general merchandise stores (GMSs). The company is based in Chiba, Japan and it has sister companies in Mainland China, Hong Kong, and Malaysia, and also trades under the JUSCO (Japan United Stores Company) name.

Aeon operates in four business segments. The General Retail segment is engaged in the operation of GMS, supermarkets, convenience and department stores, including Maxvalu Tokai, Carrefour  and Daiei, among others. The Specialty Store segment is engaged in the operation of specialty stores that offer women's apparel, family casual fashion clothing, health and beauty products, as well as shoes such as Talbots. The Developer segment is engaged in the development and leasing of commercial facilities. The Service and Others segment provides various services, including financial services, amusement services, restaurant services, store maintenance services and wholesale services.

Aeon claims to be Japan's largest retail group in terms of sales. However, it is ranked as the second largest Japanese retailer by sales behind, Seven & I Holdings (Seven-Eleven, Public, TYO:3382) in the Fortune Global 500 rankings and 10th worldwide in the retail food and drug store category.

Source: Aeon Group

Related Articles

Margaret E.L. Stacey
Editor Companies and Products
[email protected]

Information of the company:
Address: 1-5-1 Nakase Mihama-ku
City: Chiba-shi
State/ZIP: (CHB 261-8515)
Country: Japan
Phone: +81 43 212 6085
More about:


View Larger Map


Click to know how to advertise in FIS
Loch Duart Salmon Pioneers Sustainability and Health Advancements with BioMar’s innovative Blue Impact Feed
Peter Pan Seafood Bolsters Food Safety and Compliance with Automation
Thai Union’s Factory in Portugal Inaugurates Factory Store with Own Product Line
Volvo Penta Introduces All-New IPS Professional Platform
Adding Value to Your Fish Product Line
The Shrimp of the Future
Elsinore Affordable Masago Caviar Available at Waitrose Supermarket
Born in the Pandemic, Biloxi Shrimp Co. Celebrates Its Third Anniversary
Copper River Salmon Celebrates Forty Years of Fresh
SIMBA Upgrades Logistics Module
Steakholder Foods 3D Bio-Prints First Ready-to-Cook Cultivated Grouper Fish
trū® Protein Achieves Upcycled Food Association Certification
Hooked Foods Secures Investment From Top-Tier Investors & Opens Crowdfunding Campaign
Kvarøy Arctic’s International Scholarship Continues to Empower Women in Aquaculture
Blue Star Foods Ramps Shipments to Just Food For Dogs
Suzumo Presented Labor Saving Sushi Robots
Hinojosa Presents Latest Offerings in Sustainable Packaging for the Fishing Sector
Lee Fish USA Appoints Lisa Hogan as Vice President of Business Development
xpertSea Simplifies the Journey to Sell Shrimp Responsibly
Krill Arctic Foods Introduces Krill Meat in the US
More Articles...

2023 Zhoushan•China Squid Industry Conference | The world's most important squid event in the world
China 2023 Zhoushan•China Squid Industry Conference invites participants to actively promote The 2023 Zhoushan·China Squid Industry Conference will be held at the Zhoushan Putuo Hilton Intern...
AquaSorter, a solution to automate the aquaculture
Switzerland Bionomous was selected to receive the support of Innosuisse in the frame of the Swiss Accelerator. The project AQUASORTER (Automation and QUALity SORting Tools for the aquacultuRe indus...
Squid fisheries are booming in a regulatory vacuum
Worldwide The following is an excerpt from an article published by China Dialogue Ocean: The expansion of squid fisheries in parts of the high seas has left scientists and conservationists concerned about the ...
Produce sets the squid catch limit at 420,000 tons
Peru Measure is established to guarantee sustainable extractive activities of the resource during the year 2023. Photo: Produce The Ministry of Production (Produce) established, through ministerial res...

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2023 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER