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Earnings presentation8267AEON CO.,LTD.Retail

Materials for the First-Quarter Financial Results Briefing for the Fiscal Year Ending February 2027

In the first quarter of the fiscal year ending February 2027, Health & Wellness, Developer & Entertainment, and International businesses grew, resulting in a 33.6% year-on-year increase in consolidated operating profit. By contrast, GMS, Supermarkets, and Services & Specialty Stores recorded lower profits. The recovery of food retail was identified as a key challenge going forward.

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Mixed performance
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Scale
189
¥100 million (year-on-year change in operating income)
Wording
Conditional
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Contents of this document

Earnings presentationFirst quarter of the fiscal year ending February 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥29,419 hundred million+14.6%
Operating profit¥752 hundred million+33.6%
Ordinary income¥635 hundred million+32.3%
Net income¥138 hundred million
Results for the three months of the current quarter
Operating revenue
¥29,419 hundred million
Operating profit
¥752 hundred million
Ordinary income
¥635 hundred million
Profit attributable to owners of parent for the quarter
¥138 hundred million
Full-year earnings forecast
Operating revenue
¥120,000 hundred million
Operating profit
¥3,400 hundred million
Ordinary income
¥2,900 hundred million
Profit attributable to owners of the parent
¥730 hundred 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。
Operating revenue24.5%
Operating profit22.1%
Ordinary income21.9%
Profit attributable to owners of the parent18.9%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Q1 progress exceeded expectations
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Operating profit of the Health & Wellness business
    Previous-year actual¥8.4 billion
    Factors behind the increase+¥93.7 billion shown; individual breakdown illegible
    Factors reducing profit
    -¥38.0 billion, -¥25.5 billion, -¥14.9 billion
  • Operating profit of the Developer & Entertainment business
    Previous-year actual¥19.4 billion
    Factors behind the increase+¥12.7 billion
    Factors reducing profit
    -¥1.0 billion, -¥2.7 billion, -¥0.4 billion
  • Operating profit of the GMS business
    Previous-year actual-¥1.7 billion
    Factors behind the increase+¥6.0 billion
    Factors reducing profit
    -¥5.2 billion, -¥1.1 billion, -¥1.2 billion
  • Operating profit of the integrated financial services business
    Previous-year actual¥13.4 billion
    Factors behind the increase
    +¥2.4 billion, +¥1.1 billion, +¥0.8 billion, +¥200 million
    Factors reducing profit
    -¥1.9 billion, -¥1.7 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company assumes measures to address lifestyle-related challenges arising from extreme heat. Numerical assumptions: not disclosed
New initiatives
  • Expand TOPVALU mega-items from 100 to 300 items
  • Advance the integration of product IDs and customer IDs across the Group, with use beginning at 19 companies in August
  • Launch the new domestic core system in June
  • Open new-format stores operated by AEON Fantasy
  • Promote pricing competitiveness, product capabilities, and operational reforms in food retail
Key KPIsA metric the company considers important as a management benchmark.
  • TOPVALU sales, year on year105%
  • Food TOPVALU sales mix15.9%
    Year on year against the same period last yearUp 0.6 percentage points year on year
  • AEON Pay members13.68 million
    Year on year against the same period last yearUp 1.60 million from the beginning of the fiscal year
  • Retail media business operating profit110.6% year on year
  • Average daily sales per existing store (My Basket)¥717,000
    Year on year against the same period last yearUp 0.6% year on year
  • Group-wide joint procurement value107%
  • Labor hours at existing stores (Supermarket business)96.7%
  • Labor hours at existing stores (Discount store business)99.4%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Existing-store revenueUp 4.3% cumulatively
    BusinessHealth & Wellness
  • Same-store customer trafficUp 1.2% cumulatively
    BusinessHealth & Wellness
  • Average daily sales per existing store¥717,000
    BusinessMy Basket
    Year on year against the same period last yearUp 0.6% year on year
  • Shopping transaction value¥2.0385 trillion
    BusinessIntegrated Financial Services
    Year on year against the same period last year104%
  • Cash advance transaction value¥95.5 billion
    BusinessIntegrated Financial Services
    Year on year against the same period last year92%
Segment results
  • GMS business
    Sales¥923.2 billion (up 3.9% year on year)
    ProfitOperating loss of ¥3.4 billion (¥1.6 billion deterioration year on year)
  • Supermarket business
    Sales¥757.2 billion (down 0.4% year on year)
    ProfitOperating loss of ¥800 million (¥7.7 billion deterioration year on year)
  • Discount store business
    Sales¥109.2 billion (up 1.1% year on year)
    Profit¥200 million (down 85.8% year on year)
  • Health and wellness business
    Sales¥638.0 billion (up 89.9% year on year)
    Profit¥26.6 billion (up 216.0% year on year)
  • Integrated financial services business
    Sales¥151.5 billion (up 8.8% year on year)
    Profit¥18.1 billion (up 35.6% year on year)
  • Developer & Entertainment business
    Sales¥174.0 billion (up 9.2% year on year)
    Profit¥27.8 billion (up 43.3% year on year)
  • Services and specialty stores business
    Sales¥158.3 billion (up 2.6% year on year)
    Profit¥4.4 billion (down 7.4% year on year)
  • International Business
    Sales¥169.6 billion (up 11.9% year on year)
    Profit¥5.7 billion (up 35.0% year on year)
Medium-term management plan targets
The Group's medium-term management plan for fiscal 2026 through fiscal 2030 identifies the creation of businesses with leading market shares, development of next-generation businesses, reform of the earnings structure of the food retail business, and revitalization of existing businesses as priority initiatives. Numerical targets: not disclosed
Market Size / Share
The company aims to create businesses with leading market shares, but market share figures have not been disclosed
Number of stores and locations
My Basket has 1,337 stores in total. The Drug & Food model expanded by 8 stores to a total of 18. Other year-end store counts and store openings and closures: not disclosed
Annual Dividend
FY2026 forecast¥15 (after taking the stock split into account; ¥7.5 interim and ¥7.5 year-end)
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending February 2027
Net Sales¥29,419 hundred million (YoY +14.6%)
Operating profit¥752 hundred million (YoY +33.6%)
Ordinary income¥635 hundred million (YoY +32.3%)
Net income¥138 hundred million
Results for the three months of the current quarterOperating revenue ¥29,419 hundred million / Operating profit ¥752 hundred million / Ordinary income ¥635 hundred million / Profit attributable to owners of parent for the quarter ¥138 hundred million
Full-year earnings forecastOperating revenue ¥120,000 hundred million / Operating profit ¥3,400 hundred million / Ordinary income ¥2,900 hundred million / Profit attributable to owners of the parent ¥730 hundred million
Progress against full-year forecastOperating revenue 24.5% / Operating profit 22.1% / Ordinary income 21.9% / Profit attributable to owners of the parent 18.9%
Self-assessment against the planQ1 progress exceeded expectations
Segment resultsSegment GMS business / Sales ¥923.2 billion (up 3.9% year on year) / Profit Operating loss of ¥3.4 billion (¥1.6 billion deterioration year on year), Segment Supermarket business / Sales ¥757.2 billion (down 0.4% year on year) / Profit Operating loss of ¥800 million (¥7.7 billion deterioration year on year), Segment Discount store business / Sales ¥109.2 billion (up 1.1% year on year) / Profit ¥200 million (down 85.8% year on year), Segment Health and wellness business / Sales ¥638.0 billion (up 89.9% year on year) / Profit ¥26.6 billion (up 216.0% year on year), Segment Integrated financial services business / Sales ¥151.5 billion (up 8.8% year on year) / Profit ¥18.1 billion (up 35.6% year on year), Segment Developer & Entertainment business / Sales ¥174.0 billion (up 9.2% year on year) / Profit ¥27.8 billion (up 43.3% year on year), Segment Services and specialty stores business / Sales ¥158.3 billion (up 2.6% year on year) / Profit ¥4.4 billion (down 7.4% year on year), Segment International Business / Sales ¥169.6 billion (up 11.9% year on year) / Profit ¥5.7 billion (up 35.0% year on year)
Breakdown of Factors Affecting the ChangeSubject Operating profit of the Health & Wellness business / Previous-year actual ¥8.4 billion / Factors behind the increase +¥93.7 billion shown; individual breakdown illegible / Factors reducing profit -¥38.0 billion, -¥25.5 billion, -¥14.9 billion, Subject Operating profit of the Developer & Entertainment business / Previous-year actual ¥19.4 billion / Factors behind the increase +¥12.7 billion / Factors reducing profit -¥1.0 billion, -¥2.7 billion, -¥0.4 billion, Subject Operating profit of the GMS business / Previous-year actual -¥1.7 billion / Factors behind the increase +¥6.0 billion / Factors reducing profit -¥5.2 billion, -¥1.1 billion, -¥1.2 billion, Subject Operating profit of the integrated financial services business / Previous-year actual ¥13.4 billion / Factors behind the increase +¥2.4 billion, +¥1.1 billion, +¥0.8 billion, +¥200 million / Factors reducing profit -¥1.9 billion, -¥1.7 billion
Key KPIsIndicator TOPVALU sales, year on year / Value 105%, Indicator Food TOPVALU sales mix / Value 15.9% / Year on year against the same period last year Up 0.6 percentage points year on year, Indicator AEON Pay members / Value 13.68 million / Year on year against the same period last year Up 1.60 million from the beginning of the fiscal year, Indicator Retail media business operating profit / Value 110.6% year on year, Indicator Average daily sales per existing store (My Basket) / Value ¥717,000 / Year on year against the same period last year Up 0.6% year on year, Indicator Group-wide joint procurement value / Value 107%, Indicator Labor hours at existing stores (Supermarket business) / Value 96.7%, Indicator Labor hours at existing stores (Discount store business) / Value 99.4%
Unit price and quantity metricsBusiness Health & Wellness / Indicator Existing-store revenue / Value Up 4.3% cumulatively, Business Health & Wellness / Indicator Same-store customer traffic / Value Up 1.2% cumulatively, Business My Basket / Indicator Average daily sales per existing store / Value ¥717,000 / Year on year against the same period last year Up 0.6% year on year, Business Integrated Financial Services / Indicator Shopping transaction value / Value ¥2.0385 trillion / Year on year against the same period last year 104%, Business Integrated Financial Services / Indicator Cash advance transaction value / Value ¥95.5 billion / Year on year against the same period last year 92%
Number of stores and locationsMy Basket has 1,337 stores in total. The Drug & Food model expanded by 8 stores to a total of 18. Other year-end store counts and store openings and closures: not disclosed
Assumptions Underlying the Business OutlookThe company assumes measures to address lifestyle-related challenges arising from extreme heat. Numerical assumptions: not disclosed
Medium-term management plan targetsThe Group's medium-term management plan for fiscal 2026 through fiscal 2030 identifies the creation of businesses with leading market shares, development of next-generation businesses, reform of the earnings structure of the food retail business, and revitalization of existing businesses as priority initiatives. Numerical targets: not disclosed
Annual DividendFY2026 forecast ¥15 (after taking the stock split into account; ¥7.5 interim and ¥7.5 year-end)
Market Size / ShareThe company aims to create businesses with leading market shares, but market share figures have not been disclosed
New initiativesExpand TOPVALU mega-items from 100 to 300 items, Advance the integration of product IDs and customer IDs across the Group, with use beginning at 19 companies in August, Launch the new domestic core system in June, Open new-format stores operated by AEON Fantasy, Promote pricing competitiveness, product capabilities, and operational reforms in food retail
Items this document does not state (11)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesNumber of employeesRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.

Health & Wellness, Developer & Entertainment, and ASEAN drove performance. In Health & Wellness, improved gross margins from integration synergies, controls over selling prices, integrated promotional activities, and expense control contributed to results. In food retail, profit declined due to the negative impact of the drop in rice market prices from the previous year and insufficient coordination between pricing policies and promotional initiatives.

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Materials for the First-Quarter Financial Results Briefing for the Fiscal Year Ending February 2027 | AEON CO.,LTD. (8267) timely disclosure | Komori