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Financial results presentation2653AEON KYUSHU CO.,LTD.Retail

Financial Results Briefing Materials for the Fiscal Year Ended February 2026 (FY2025)

In fiscal 2025, operating revenue, operating profit and ordinary profit reached record highs, with operating profit exceeding the initial forecast. For fiscal 2026, the company presented a plan to expand investment in new store openings, revitalizing existing stores and DX, with the aim of surpassing ¥600 billion in operating revenue.

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Mixed performance
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Scale
15526
¥ million (year-on-year change in operating revenue)
Wording
Conditional
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Contents of this document

Financial results presentationFiscal year ending February 2026 (fiscal 2025)14 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥547,145 million+2.9%
Operating profit¥10,748 million+2.0%
Ordinary income¥11,506 million+4.4%
Net income¥5,971 million-1.1%
Selling, general and administrative expenses¥146,407 million non-consolidated income statement
Gross Profit Margin
Rate25.6% (non-consolidated)
Year-on-year change (points)-0.2
Operating profit margin
Rate2.3% (non-consolidated)
Year-on-year change (points)0.01
Full-year earnings forecast
Consolidated
Operating revenue
¥600,000 million
Operating profit
¥10,800 million
Ordinary income
¥10,200 million
Net income for the current fiscal year
¥6,500 million
Standalone
Operating revenue
¥571,000 million
Operating profit
¥12,500 million
Ordinary income
¥11,900 million
Net income for the current fiscal year
¥8,000 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Consolidated
Operating revenue99.3% (versus the initial forecast)
Operating profit101.4% (versus the initial forecast)
Ordinary income113.9% (versus the initial forecast)
Net income for the current fiscal year112.7% (versus the initial forecast)
Standalone
Operating revenue99.4% (versus the initial forecast)
Operating profit102.1% (versus the initial forecast)
Ordinary income112.9% (versus the initial forecast)
Net income for the current fiscal year111.9% (versus the initial forecast)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit and ordinary profit exceeded the initial forecasts, but operating revenue fell short. Net income exceeded the initial forecast. In the final year of the medium-term management plan, both operating revenue and operating profit are expected to fall short of the plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Gross profit+¥1.9 billion
  • Operating revenue+¥550 million
  • Personnel expenses-¥1.9 billion
  • Promotional expenses-¥200 million
  • Equipment costs+¥580 million
  • General expenses-¥600 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The outlook assumes, and identifies as risks, resource and energy prices, foreign exchange rates, geopolitical risks and prolonged inflation. Numerical assumptions: not disclosed.
New initiatives
  • Open approximately 30 new stores on a consolidated basis in fiscal 2026
  • Revitalize 14 existing stores, including AEON MALL Kagoshima
  • Advance alliances through the absorption-type merger with ジョイフルサン and the conversion of トキハインダストリー into a wholly owned subsidiary
  • Open new MaxValu Express PC locations and accelerate store openings
  • Plan to open 5 ウエルシアプラス stores
  • Improve store productivity through DX, AI and labor-saving fixtures
  • Launch the “Gachi-Toku” campaign in March 2026
  • Conduct a project with NEO Fukuoka as part of apparel reforms
Key KPIsA metric the company considers important as a management benchmark.
  • Same-Store Sales103.1%
  • Same-store customer trafficAbove prior year
  • Operating gross profit per customer¥8,484 thousand
    Year on year against the same period last year+104.5%
  • iAEON fan membership127 10,000 people
    Year on year against the same period last year150.0%
  • Labor-hour productivity at Express stores109% versus existing stores
  • Stores using the Regi Mieru checkout visibility system9 Location
  • Stores using the Store Navi system301 Location
  • Quick-commerce locations180 Location
  • Smart NICO locations45 Location
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Same-store customer trafficAbove prior year
  • Same-store spend per customerMonthly trends provided
  • Same-Store SalesMonthly trends provided
Segment results
By category
Apparel Products
Sales¥41,245 million
Year on year against the same period last year99.1%
Food
Sales¥406,261 million
Year on year against the same period last year103.2%
Housing and leisure goods
Sales¥64,737 million
Year on year against the same period last year98.5%
By business type
SM/DS stores
Sales¥250,751 million
Year on year against the same period last year102.8%
GMS stores
Sales¥242,052 million
Year on year against the same period last year102.0%
HC stores
Sales¥16,670 million
Year on year against the same period last year97.0%
Other
Sales¥3,360 million
Year on year against the same period last year102.2%
Medium-term management plan targets
Final year of the fiscal 2024–2026 medium-term management plan
Consolidated
Operating revenue
Plan¥623 billion
Forecast¥600 billion
Variance from plan-¥23 billion
Operating profit
Plan¥11.9 billion
Forecast¥10.8 billion
Variance from plan-¥1.1 billion
Standalone
Operating revenue
Plan¥577 billion
Forecast¥571 billion
Variance from plan¥6.0 billion decrease
Operating profit
Plan¥13.0 billion
Forecast¥12.5 billion
Variance from plan-¥500 million
Financial targets
ROE10.3% (actual; 11.5% in the previous fiscal year)
ROIC7.6% (actual; 8.6% in the previous fiscal year)
Equity ratio29.2% (actual; 30.6% in the previous fiscal year)
Number of stores and locations
Number at period-end384 stores as of the end of March 2026
Number of store openings and closures during the period16 stores opened in fiscal 2025. Details of openings and closures by format: not disclosed
Number of employees
Number of Employees18,369 people (5,316 employees and 13,323 community employees)
Change during the periodDown 523 people from the previous year
Capital expenditures
¥306 100 million fiscal 2026 non-consolidated investment plan; total investment
Annual Dividend
Annual¥50 per share (planned)
Interim¥25 per share
End of period¥25 per share
Payout ratio
Guideline30%
FY2025 actual28.6%
Fiscal 2026 Plan26.2%
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending February 2026 (fiscal 2025)
Net Sales¥547,145 million (YoY +2.9%)
Operating profit¥10,748 million (YoY +2.0%)
Ordinary income¥11,506 million (YoY +4.4%)
Net income¥5,971 million (YoY -1.1%)
Gross Profit MarginRate 25.6% (non-consolidated) / Year-on-year change (points) -0.2
Operating profit marginRate 2.3% (non-consolidated) / Year-on-year change (points) 0.01
Selling, general and administrative expenses¥146,407 million (non-consolidated income statement)
Full-year earnings forecastConsolidated Operating revenue ¥600,000 million / Operating profit ¥10,800 million / Ordinary income ¥10,200 million / Net income for the current fiscal year ¥6,500 million / Standalone Operating revenue ¥571,000 million / Operating profit ¥12,500 million / Ordinary income ¥11,900 million / Net income for the current fiscal year ¥8,000 million
Progress against full-year forecastConsolidated Operating revenue 99.3% (versus the initial forecast) / Operating profit 101.4% (versus the initial forecast) / Ordinary income 113.9% (versus the initial forecast) / Net income for the current fiscal year 112.7% (versus the initial forecast) / Standalone Operating revenue 99.4% (versus the initial forecast) / Operating profit 102.1% (versus the initial forecast) / Ordinary income 112.9% (versus the initial forecast) / Net income for the current fiscal year 111.9% (versus the initial forecast)
Self-assessment against the planOperating profit and ordinary profit exceeded the initial forecasts, but operating revenue fell short. Net income exceeded the initial forecast. In the final year of the medium-term management plan, both operating revenue and operating profit are expected to fall short of the plan.
Segment resultsBy category Apparel Products Sales ¥41,245 million / Year on year against the same period last year 99.1% / Food Sales ¥406,261 million / Year on year against the same period last year 103.2% / Housing and leisure goods Sales ¥64,737 million / Year on year against the same period last year 98.5% / By business type SM/DS stores Sales ¥250,751 million / Year on year against the same period last year 102.8% / GMS stores Sales ¥242,052 million / Year on year against the same period last year 102.0% / HC stores Sales ¥16,670 million / Year on year against the same period last year 97.0% / Other Sales ¥3,360 million / Year on year against the same period last year 102.2%
Breakdown of Factors Affecting the ChangeFactors Gross profit / Amount +¥1.9 billion, Factors Operating revenue / Amount +¥550 million, Factors Personnel expenses / Amount -¥1.9 billion, Factors Promotional expenses / Amount -¥200 million, Factors Equipment costs / Amount +¥580 million, Factors General expenses / Amount -¥600 million
Key KPIsIndicator name Same-Store Sales / Value 103.1%, Indicator name Same-store customer traffic / Value Above prior year, Indicator name Operating gross profit per customer / Value ¥8,484 thousand / Year on year against the same period last year ¥104.5 thousand, Indicator name iAEON fan membership / Value 127 10,000 people / Year on year against the same period last year 150.0%, Indicator name Labor-hour productivity at Express stores / Value 109% versus existing stores, Indicator name Stores using the Regi Mieru checkout visibility system / Value 9 Location, Indicator name Stores using the Store Navi system / Value 301 Location, Indicator name Quick-commerce locations / Value 180 Location, Indicator name Smart NICO locations / Value 45 Location
Unit price and quantity metricsIndicator name Same-store customer traffic / Value Above prior year, Indicator name Same-store spend per customer / Value Monthly trends provided, Indicator name Same-Store Sales / Value Monthly trends provided
Number of stores and locationsNumber at period-end 384 stores as of the end of March 2026 / Number of store openings and closures during the period 16 stores opened in fiscal 2025. Details of openings and closures by format: not disclosed
Number of employeesNumber of Employees 18,369 people (5,316 employees and 13,323 community employees) / Change during the period Down 523 people from the previous year / Hiring plan Not disclosed
Assumptions Underlying the Business OutlookThe outlook assumes, and identifies as risks, resource and energy prices, foreign exchange rates, geopolitical risks and prolonged inflation. Numerical assumptions: not disclosed.
Medium-term management plan targetsSubject Final year of the fiscal 2024–2026 medium-term management plan / Consolidated Operating revenue Plan ¥623 billion / Forecast ¥600 billion / Variance from plan -¥23 billion / Operating profit Plan ¥11.9 billion / Forecast ¥10.8 billion / Variance from plan -¥1.1 billion / Standalone Operating revenue Plan ¥577 billion / Forecast ¥571 billion / Variance from plan ¥6.0 billion decrease / Operating profit Plan ¥13.0 billion / Forecast ¥12.5 billion / Variance from plan -¥500 million
Financial targetsROE 10.3% (actual; 11.5% in the previous fiscal year) / ROIC 7.6% (actual; 8.6% in the previous fiscal year) / Equity ratio 29.2% (actual; 30.6% in the previous fiscal year)
Annual DividendAnnual ¥50 per share (planned) / Interim ¥25 per share / End of period ¥25 per share
Payout ratioGuideline 30% / FY2025 actual 28.6% / Fiscal 2026 Plan 26.2%
Capital expenditures¥306 100 million (fiscal 2026 non-consolidated investment plan; total investment)
New initiativesOpen approximately 30 new stores on a consolidated basis in fiscal 2026, Revitalize 14 existing stores, including AEON MALL Kagoshima, Advance alliances through the absorption-type merger with ジョイフルサン and the conversion of トキハインダストリー into a wholly owned subsidiary, Open new MaxValu Express PC locations and accelerate store openings, Plan to open 5 ウエルシアプラス stores, Improve store productivity through DX, AI and labor-saving fixtures, Launch the “Gachi-Toku” campaign in March 2026, Conduct a project with NEO Fukuoka as part of apparel reforms
Items this document does not state (6)
Results for the three months of the current quarterRisk amount incorporated into the outlookAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The increase in revenue was driven by steady food sales, existing-store sales and customer numbers exceeding the previous year, and higher operating revenue resulting from customer-attraction initiatives conducted in cooperation with specialty stores in shopping centers and the strengthening of in-store events. Operating profit increased as top-line growth and improved expense efficiency more than offset higher costs and increased expenses related to human capital and investment in new stores, store revitalization and DX.

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Financial Results Briefing Materials for the Fiscal Year Ended February 2026 (FY2025) | AEON KYUSHU CO.,LTD. (2653) timely disclosure | Komori