Urban Shift and the Development of Urban Commercial Facilities

「Specialty-store sales at the 32 malls renovated in fiscal 2025 and the first quarter of fiscal 2026 were 106.8% of the prior-year period, outperforming malls that had not been renovated, demonstrating the steady impact of our revitalization investments. As part of the revitalization, we diversified customers' reasons for visiting and enhanced facility competitiveness by expanding non-merchandise areas such as food service, services and amusement, and introducing experiential tenants centered on hobbies and entertainment.」

「福島県伊達市の新たな商業施設『イオンモール伊達』が2026年11月27日（金）9時にオープンする。」

「In Japan, 21 malls underwent renovations during the year. Specialty-store sales at renovated malls reached 109.1% of the previous fiscal year, outperforming malls that had not been renovated. Revising the tenant mix and introducing experiential content, such as indoor and outdoor play facilities, improved customer circulation and purchasing opportunities, contributing to higher profitability of existing assets.」

「On 18 March, based on our capital and business alliance with Keisei Electric Railway, we held the grand opening of Tsudanuma South as a new landmark bringing together trend-focused food and cosmetics. Together with the existing AEON Mall Tsudanuma, we will continue to meet the needs of local customers.」

「In Japan, the company pursued renovations aimed at strengthening the competitiveness of existing malls, including the expansion and renovation of Lake Town OUTLET at AEON LakeTown in Koshigaya, Saitama Prefecture, and AEON MALL Ota in Ota, Gunma Prefecture.」

「In Vietnam, its highest-priority market for new openings, the company opened AEON MALL Hue in September, the first AEON MALL in the central region, and decided to open AEON MALL Danang Tan Khê, also in the central region. In Indonesia, AEON MALL Deltamas, which opened in March in Bekasi Regency, will serve as part of the lifestyle function of Deltamas City, where one of the world’s largest urban development projects is under way, providing a venue for creating new value and fostering community.」

「In China, the company has designated the high-growth inland provinces of Hubei and Hunan as priority areas for new store openings. Following Wuhan Jiangxia in November, it plans to open large-scale malls in Changsha, the capital of Hunan Province, which is experiencing significant economic growth, in 2024 and 2025.」

「In China, the company has designated the high-growth inland provinces of Hubei and Hunan as priority areas for new store openings and will accelerate new openings with the aim of establishing an overseas network of 50 malls by the end of fiscal 2025.」

「During the nine months ended the third quarter, the company newly opened 2 malls, THE OUTLETS KITAKYUSHU in Kitakyushu, Fukuoka Prefecture, in April and AEON MALL Toki in Toki, Gifu Prefecture, in October, and renovated 12 existing malls.」

「In Japan, 4 malls were newly opened and 1 mall reopened following an expansion and renovation.」

「During the nine months ended the third quarter, 4 malls were newly opened and 1 mall reopened following an expansion and renovation.」

「During the six months ended the second quarter, 3 new malls were opened in Japan. In China, in addition to renovating 5 malls, the company opened AEON MALL Guangzhou Xintang in Guangdong Province in May, its fourth store in the province.」

「In March, the company opened AEON MALL Shinrifu South Wing in Miyagi Prefecture. As one of the largest entertainment malls in the Tohoku region, the mall introduced the Tohoku region’s first state-of-the-art experiential amusement facility and one of the region’s largest cinemas. It is also working to improve customer convenience by providing new digital shopping experiences, including information delivered through state-of-the-art LED displays and the introduction of indoor delivery robots.」

「As new malls, the company opened AEON MALL Sentul City, its third store in Indonesia, in October and AEON MALL Haiphong Le Chan, its sixth store in Vietnam, in December, for a total of 2 malls.」

「Renovations were carried out at 8 malls, including expansions and renovations at AEON MALL Takasaki in Gunma Prefecture and AEON MALL Kochi in Kochi Prefecture.」

「Regarding mall renovations, work was carried out at 7 malls, including an expansion and renovation of AEON MALL Takasaki in Gunma Prefecture.」

「During the fiscal year, 4 malls were expanded and 11 malls were renovated. As a new mall, AEON Fujii-dera Shopping Center in Osaka Prefecture opened in September.」

「During the nine months ended the third quarter, 4 malls were expanded and 11 malls were renovated. As a new mall, AEON Fujii-dera Shopping Center in Osaka Prefecture opened in September.」

「During the six months ended the second quarter, 3 malls were expanded and 9 malls were renovated.」

「During the three months ended the first quarter, 3 malls were expanded and 8 malls were renovated in Japan. In April, AEON MALL Higashiura in Aichi Prefecture, AEON MALL Natori in Miyagi Prefecture and AEON MALL Okinawa Rycom in Okinawa Prefecture reopened following expansions.」

「During the fiscal year, AEON MALL Co., Ltd. expanded 2 malls and renovated 6 malls in Japan, and opened 4 malls, including the new-format THE OUTLETS HIROSHIMA in Hiroshima Prefecture.」

「During the nine months ended the third quarter, AEON MALL Co., Ltd. expanded 2 malls and renovated 6 malls in Japan, and opened 4 malls, including the new-format THE OUTLETS HIROSHIMA in Hiroshima Prefecture.」

「During the six months ended the second quarter, AEON MALL Co., Ltd. expanded 2 existing malls and renovated 5 malls, working to increase its market share in each area. Among new malls, following AEON MALL Zama in Kanagawa Prefecture in March and THE OUTLETS HIROSHIMA in Hiroshima Prefecture in April, it opened AEON MALL Iwaki Onahama in Fukushima Prefecture in June.」

「Sales initiatives aimed at attracting new customer segments, including seniors, through programs such as Mall Walking and Opera de AEON MALL, as well as promoting localization, proved effective, and specialty-store sales exceeded the previous-year period. In addition, 2 malls were newly opened, including THE OUTLETS HIROSHIMA in April, a new-format, regional revitalization-oriented commercial facility based on the concept of “authentic outlet shopping, entertainment and encounters with the local community.”」

「AEON MALL Co., Ltd. has been actively pursuing expansions and renovations of existing malls. In Japan, it expanded 2 malls and renovated 12 malls during the fiscal year. During the fiscal year, it opened 5 malls, including AEON MALL Shin-Komatsu in Ishikawa Prefecture and AEON MALL Matsumoto in Nagano Prefecture. In the overseas business, positioned as a future growth driver, 14 of the 19 malls opened through the previous fiscal year had become profitable, bringing the overall overseas business within sight of profitability.」

「AEON MALL Co., Ltd. has been actively pursuing expansions and renovations of existing SCs. During the six months ended the second quarter, it renovated 11 existing SCs, resulting in customer traffic and specialty-store sales both exceeding the previous-year period and remaining strong. In June, following the opening of 3 new SCs during the first quarter, it opened Phase 1 of AEON MALL Kobe Minami in Hyogo Prefecture. In the overseas business, positioned as a future growth driver, 12 of 19 SCs had become profitable, and the trend of improving earnings continued.」

「OPA Co., Ltd., which operates urban fashion buildings, will open Mito OPA in Ibaraki Prefecture in March, its first new store in 4 years, and renovated 5 locations as it worked to improve the profitability of existing stores.」

「AEON MALL Co., Ltd. opened 6 SCs in Japan and renovated 20 existing SCs, including expansions at 2 SCs, during the fiscal year.」

「During the cumulative third-quarter consolidated period under review, AEON Mall Co., Ltd. opened 3 domestic shopping centers and renovated 17 existing shopping centers. In July, it opened AEON Mall Binh Tan, its fourth store in Vietnam, in Ho Chi Minh City, and in November it opened AEON Mall Hebei Yanjiao, its first store in Hebei Province, in Sanhe City, Hebei Province. The 17 existing shopping centers performed well, with 8 achieving profitability, and earnings also improved in the overseas business.」

「OPA Co., Ltd., which became a subsidiary of AEON Mall Co., Ltd. in March, worked to revitalize existing stores and advance preparations for opening a shopping center planned for 2017.」

「OPA Co., Ltd. is advancing the development of attractive urban commercial facilities as a company that plays a role in the urban shift.」