Concentration of stores in shopping centers operated by the AEON Group
First written in FY2016. 5 of 11 entries say "Worsened", first in FY2017. Latest entry: FY2025.
Happiness and D moved to the "Worse" side of this theme in 2021.
2 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「As of the end of the fiscal year, 51 of the 57 stores were located in shopping centers (SCs) operated by the group's companies.」
Following the closure of unprofitable stores, the number of stores located in SCs declined from 65 in the previous fiscal year to 51, and the proportion of all stores fell from approximately 91.5% to approximately 89.5%. The concentration remains, but both the number of stores and the proportion have declined slightly. - FY2024Concentration quantified amid a decline in store countAnnual report
「As of the end of the fiscal year, 65 of the company's 71 stores were located in shopping centers operated by the group, including 48 stores in shopping centers operated by the company.」
The company disclosed that, following the closure of unprofitable stores, 65 of its 71 stores were in AEON Group shopping centers and 48 were in AEON MALL shopping centers, specifically illustrating the concentration of its stores. - FY2023WorsenedAnnual report
「Concentration of stores in suburban shopping centers and other facilities Unspecified Medium High」
The risk category has been broadened to concentration of stores in suburban shopping centers and other facilities, explicitly identifying store closures and loss of sales resulting from shopping-center closures, shifts in trading areas, and changes in customer demographics and needs as major risks. - FY2022WorsenedAnnual report
「As of 31 August 2022, 76 of our 86 stores were located in large-scale retail facilities, including shopping centers operated and developed by the AEON Group, and 56 of these stores were located in shopping centers operated and developed by AEON MALL Co., Ltd. Our stores are concentrated in shopping centers and other facilities operated by the group.」
Stores in AEON Group shopping centers increased from 72 to 76, while stores in AEON MALL increased from 54 to 56, expanding the absolute exposure to the group's shopping centers. - FY2021WorsenedAnnual report
「As of 31 August 2021, 72 of our 82 stores were located in large-scale retail facilities, including shopping centers operated and developed by the AEON Group, and 54 of these stores were located in shopping centers operated and developed by AEON MALL Co., Ltd. Our stores are concentrated in shopping centers and other facilities operated by the group.」
There were 72 stores in AEON Group shopping centers and 54 in AEON MALL, unchanged in absolute terms from the previous fiscal year. However, because the total store count declined from 85 to 82, their share increased and concentration intensified. - FY2020Increase in store count and decline in composition ratioAnnual report
「As of 31 August 2020, 72 of our 85 stores were located in large-scale retail facilities, including shopping centers operated and developed by the AEON Group, and 54 of these stores were located in shopping centers operated and developed by AEON MALL Co., Ltd. Our stores are concentrated in shopping centers and other facilities operated by the group.」
Although stores in AEON Group shopping centers increased from 67 to 72 and stores in AEON MALL increased from 50 to 54, their share of total stores declined. Absolute exposure to these locations increased. - FY2018WorsenedAnnual report
「As of 31 August 2018, 67 of our 77 stores were located in large-scale retail facilities, including shopping centers operated and developed by the AEON Group, and 50 of these stores were located in shopping centers operated and developed by AEON MALL Co., Ltd. Our stores are concentrated in shopping centers and other facilities operated by the group.」
Stores in AEON Group shopping centers increased from 60 in the previous fiscal year to 67, while stores in AEON MALL shopping centers increased from 44 to 50, expanding the absolute exposure resulting from this concentration. - FY2017WorsenedAnnual report
「As of 31 August 2017, 60 of our 69 stores were located in large-scale retail facilities, including shopping centers operated and developed by the AEON Group, and 44 of these stores were located in shopping centers operated and developed by AEON MALL Co., Ltd. Our stores are concentrated in shopping centers and other facilities operated by the group.」
Stores in AEON Group shopping centers increased from 55 of 66 stores to 60 of 69, while stores in AEON MALL shopping centers increased from 40 to 44, heightening the concentration. - FY2017-Q3RestatedAnnual report
「As part of our store expansion, we opened 7 new stores: Fujinomiya Store in Shizuoka Prefecture, Tsuchiura Store in Ibaraki Prefecture, Hiroshima-Fuchu Store in Hiroshima Prefecture, Nagakute Store in Aichi Prefecture, Shinkomatsu Store in Ishikawa Prefecture, Kumamoto Store in Kumamoto Prefecture, and Tokushima Store in Tokushima Prefecture. All 7 stores are located in AEON MALL, a large-scale commercial facility.」
All 7 stores opened during the cumulative first 3 quarters were in AEON MALL, indicating that the concentration of stores in AEON Group shopping centers continues. - FY2017-Q2RestatedAnnual report
「We opened 4 new stores: Fujinomiya Store in Shizuoka Prefecture, Tsuchiura Store in Ibaraki Prefecture, Hiroshima-Fuchu Store in Hiroshima Prefecture, and Nagakute Store in Aichi Prefecture. All 4 stores are located in AEON MALL, a large-scale commercial facility.」
All 4 new stores were opened in AEON MALL, indicating that the concentration of stores in AEON Group shopping centers continues. - FY2016First statedAnnual report
「As of 31 August 2016, 55 of our 66 stores were located in large-scale retail facilities, including shopping centers operated and developed by the AEON Group, and 40 of these stores were located in shopping centers operated and developed by AEON MALL Co., Ltd. Our stores are concentrated in shopping centers and other facilities operated by the group.」
The company quantifies the concentration risk, with 55 of its 66 stores located in AEON Group shopping centers and 40 located in AEON MALL shopping centers.