Revenue and Profit Growth in Consolidated First-Quarter Results

「Consolidated results for the interim consolidated accounting period were as follows. Consolidated operating revenue was ¥311,202 million, or 111.9% of the year-earlier period, due to the expansion of transaction volumes and outstanding receivables both in Japan and overseas, among other factors. Meanwhile, consolidated operating income was ¥25,209 million, or 89.0% of the year-earlier period, and consolidated ordinary income was ¥25,972 million, or 89.0% of the year-earlier period, due to increases in financial expenses, including deposit interest expenses, accompanying the rise in domestic policy rates, and the recognition of one-time expenses related to the renewal of the credit card core system, among other factors. Interim net income attributable to owners of the parent was ¥10,052 million, or 114.9% of the year-earlier period.」

「Interim period of fiscal 2027 ending February 311,202 11.9 25,209 △11.0 25,972 △11.0 10,052 14.9」

「For the consolidated fiscal year, consolidated operating revenue was ¥569.370 billion, or 106.8% of the previous fiscal year, consolidated operating income was ¥60.655 billion, or 98.6%, consolidated ordinary income was ¥60.693 billion, or 97.0%, and profit attributable to owners of the parent was ¥21.092 billion, or 134.8%.」

「For the interim consolidated accounting period, consolidated operating revenue was ¥278.160 billion, or 108.7% of the year-earlier period, consolidated operating income was ¥28.322 billion, or 104.3%, and consolidated ordinary income was ¥29.192 billion, or 107.7%, due to the expansion of transaction volume and receivables outstanding in Japan and overseas, resulting in higher revenue and profit. Interim net profit attributable to owners of the parent was ¥8.745 billion, or 85.6%, due to an extraordinary loss recognized in connection with the transfer of 85.1% of the issued shares of consolidated subsidiary AEON Allianz Life Insurance Co., Ltd., which operates a life insurance business, to Meiji Yasuda Life Insurance Company on 1 July 2025.」

「For the consolidated fiscal year, consolidated operating revenue was ¥533.262 billion, or 109.8% of the previous fiscal year, consolidated operating income was ¥61.485 billion, or 122.8%, and consolidated ordinary income was ¥62.554 billion, or 122.2%, resulting in higher revenue and profit.」

「For the interim consolidated accounting period, consolidated operating revenue was ¥255.790 billion, or 107.7% of the year-earlier period, consolidated operating income was ¥27.142 billion, or 133.8%, and consolidated ordinary income was ¥27.111 billion, or 127.2%, resulting in higher revenue and profit. Interim net profit attributable to owners of the parent was ¥10.215 billion, or 141.2%, exceeding the previous year at every profit level.」

「For the cumulative first quarter, consolidated operating revenue was ¥127.928 billion, or 109.7% of the year-earlier period, consolidated operating income was ¥15.249 billion, or 165.9%, and consolidated ordinary income was ¥15.977 billion, or 166.6%, resulting in higher revenue and profit. Quarterly profit attributable to owners of the parent was ¥6.083 billion, or 169.1%.」

「For the consolidated fiscal year, the Company promoted business-structure reforms to enhance corporate value and expanded touchpoints combining physical and digital contacts in Japan and overseas. Consolidated operating revenue was ¥485.608 billion, or 107.5% of the previous fiscal year, due to increases in payment transaction volume, including card shopping, and operating receivables outstanding. However, despite continued efforts to refine credit assessment and strengthen receivables collection and improve expense controls, consolidated operating income was ¥50.088 billion, or 85.1%, and consolidated ordinary income was ¥51.174 billion, or 83.1%, due to higher credit-related expenses resulting from economic slowdown and inflation overseas, the scaling back of consumer support measures by governments during the pandemic, and higher sales promotion expenses from proactive measures to expand the domestic customer base and encourage usage. Profit attributable to owners of the parent was ¥20.896 billion, or 68.1%, partly because business integration expenses with a consolidated subsidiary were recognized as an extraordinary loss in the second quarter.」

「Consolidated operating revenue was ¥355.764 billion, or 107.4% of the year-earlier period. Consolidated operating income was ¥26.110 billion, or 62.8%, and consolidated ordinary income was ¥27.095 billion, or 60.8%. Quarterly profit attributable to owners of the parent was ¥8.856 billion, or 39.6%, due to the recognition of business integration expenses with a consolidated subsidiary as an extraordinary loss in the second quarter.」

「As a result, consolidated operating revenue was ¥237.555 billion, or 107.2% of the year-earlier period. Although the Company continued working to refine credit assessment and strengthen its receivables collection structure, consolidated operating income was ¥20.290 billion, or 63.7%, and consolidated ordinary income was ¥21.314 billion, or 62.0%, due to higher expenses mainly from increased provisions for allowance for doubtful accounts resulting from the buildup of operating receivables outstanding. Quarterly profit attributable to owners of the parent was ¥7.236 billion, or 39.8%, due to the recognition of business integration expenses with a consolidated subsidiary as an extraordinary loss.」

「Consolidated operating revenue was ¥116.600 billion, or 109.0% of the year-earlier period. Consolidated operating income was ¥9.191 billion, or 60.1%, and consolidated ordinary income was ¥9.588 billion, or 58.5%, due to higher provisions for allowance for doubtful accounts resulting from the buildup of operating receivables outstanding and increased spending on stronger sales promotion aimed at expanding the customer base and transaction volume. Quarterly profit attributable to owners of the parent was ¥3.596 billion, or 45.4%.」

「Consolidated operating revenue was ¥331.149 billion. Excluding the ¥26.828 billion decline in revenue resulting from the application of the Accounting Standard for Revenue Recognition in Japan, revenue exceeded the year-earlier period. Consolidated operating income was ¥41.577 billion, down 6.0% year on year, due mainly to the delayed recovery in operating receivables outstanding in Japan. Consolidated ordinary income was ¥44.558 billion, down 1.6%, and quarterly profit attributable to owners of the parent was ¥22.388 billion, up 0.2%.」

「Consolidated operating revenue was ¥221.579 billion. Excluding the ¥17.418 billion decline in revenue resulting from the application of the Accounting Standard for Revenue Recognition in Japan, revenue exceeded the year-earlier period. Consolidated operating income was ¥31.857 billion, down 4.2% year on year, progressing as planned. Consolidated ordinary income was ¥34.390 billion, up 0.6%, and quarterly profit attributable to owners of the parent was ¥18.204 billion, up 0.3%, both record highs.」

「However, consolidated operating revenue was ¥106.965 billion due to an ¥8.222 billion decline in revenue resulting from the application of the Accounting Standard for Revenue Recognition in Japan and the sluggish recovery in operating receivables outstanding. Although the Company worked to improve personnel expenses and credit-related expenses, consolidated operating income was ¥15.283 billion, down 26.2% year on year. Consolidated ordinary income was ¥16.382 billion, down 24.2%, and quarterly profit attributable to owners of the parent was ¥7.917 billion, down 32.1%.」

「Consolidated operating revenue was ¥470.657 billion, down 3.4% year on year. Meanwhile, consolidated operating income was ¥58.852 billion, up 44.8%, consolidated ordinary income was ¥59.944 billion, up 49.0%, and profit attributable to owners of the parent was ¥30.212 billion, up 70.8%, all showing substantial improvement.」

「However, the recovery in receivables outstanding was sluggish, mainly for credit cards and individual installment sales, and consolidated operating revenue was ¥348.739 billion, down 3.5% year on year. Meanwhile, continued efforts to refine credit screening and strengthen the receivables collection structure substantially improved credit-related expenses. As a result, consolidated operating income was ¥44.229 billion, up 78.0%, consolidated ordinary income was ¥45.283 billion, up 86.4%, and quarterly profit attributable to owners of the parent was ¥22.348 billion, up 122.3%, all showing substantial improvement.」

「Although consolidated results for the cumulative second quarter continued to be affected by the COVID-19 pandemic in the countries where the Group operates, the Group promoted its response to the new normal through thorough infection-control measures and customer-facing sales activities conducted without in-person contact by expanding online services. In addition, promotional measures tailored to changes in customer spending helped card shopping transaction volume recover to pre-pandemic levels. Consolidated operating revenue was ¥237.966 billion, up 3.2% year on year. Consolidated operating income was ¥33.240 billion, up 328.0%, and consolidated ordinary income was ¥34.169 billion, up 337.5%, as credit-related expenses improved substantially through continued efforts to refine credit screening and establish a receivables collection structure. As a result, quarterly profit attributable to owners of the parent improved significantly to ¥18.155 billion, compared with ¥1.480 billion in the year-earlier period.」

「Consolidated operating revenue was ¥122.205 billion, up 11.1% year on year, partly because shopping revenue recovered to pre-pandemic levels and because the income statement of AEON Allianz Life Insurance Co., Ltd., which became a consolidated subsidiary on 31 March 2020, was included from the cumulative second quarter of the previous fiscal year. Consolidated operating income was ¥20.710 billion, compared with an operating loss of ¥863 million in the year-earlier period, as credit-related expenses improved substantially through continued refinement of credit screening and the establishment of a receivables collection structure. Consolidated ordinary income was ¥21.603 billion, compared with an ordinary loss of ¥722 million in the year-earlier period.」

「For the cumulative third quarter, consolidated operating revenue was ¥361.557 billion, up 1.5% year on year. Operating income was ¥24.852 billion, down 42.4%, and ordinary income was ¥24.298 billion, down 44.5%, mainly because provisions for allowance for doubtful accounts increased in the first half in preparation for future increases in bad debts in Japan and overseas.」

「As a result, consolidated operating revenue was ¥230.674 billion, down 2.2% year on year. Operating income was ¥7.766 billion, down 68.8%, as provisions for allowance for doubtful accounts increased in preparation for future increases in bad debts in Japan and overseas. Ordinary income was ¥7.810 billion, down 69.3%, and quarterly profit attributable to owners of the parent was ¥1.480 billion, down 87.7%.」

「As a result, consolidated operating revenue was ¥109,959 million, down 1.8% year on year. Operating loss was ¥863 million, due mainly to higher provisions for doubtful accounts in Japan and overseas, compared with operating profit of ¥13,589 million in the same period of the previous year. Ordinary loss was ¥722 million, compared with ordinary profit of ¥13,834 million, and quarterly net loss attributable to owners of the parent was ¥1,080 million, compared with quarterly net income attributable to owners of the parent of ¥7,203 million.」

「As a result, consolidated operating revenue reached a record ¥457,280 million, up 104.3% year on year. Operating profit was ¥65,070 million, or 92.9% of the prior-year level, due to higher promotional expenses associated with cashless initiatives in Japan, increased provisions for doubtful accounts mainly in Thailand, Malaysia, and Hong Kong as some overseas subsidiaries or the Company’s consolidated adjustments began applying IFRS 9, “Financial Instruments,” to performing as well as delinquent receivables, and the impact of improper accounting at the Philippine subsidiary. Ordinary profit was ¥65,797 million, or 93.8%, and net income attributable to owners of the parent was ¥34,149 million, or 86.7%.」

「As a result, consolidated operating revenue was ¥356,120 million, up 109.8% year on year. In Japan, promotional expenses increased in connection with cashless initiatives. Overseas, mainly in Thailand, Malaysia, and Hong Kong, where IFRS 9, “Financial Instruments,” is applied locally or through the Company’s consolidated adjustments, the increase in accounts receivable and responses to changes in the economic environment resulted in higher provisions for doubtful accounts. In addition, the impact of improper accounting in prior fiscal years identified at the Company’s Philippine subsidiary, as disclosed on 1 November 2019, contributed to the results. Operating profit was ¥43,139 million, or 82.7% of the prior-year level, ordinary profit was ¥43,763 million, or 83.2%, and net income attributable to owners of the parent was ¥22,243 million, or 74.9%.」

「As a result, consolidated operating revenue was ¥235,958 million, up 110.8% year on year, marking the eighth consecutive period of revenue growth. Operating profit was ¥24,931 million, or 76.1% of the prior-year level, ordinary profit was ¥25,430 million, or 76.9%, and net income attributable to owners of the parent was ¥12,030 million, or 67.1%.」

「As a result, consolidated operating revenue was ¥111,947 million, up 109.5% year on year. Operating profit was ¥13,589 million, or 96.4% of the prior-year level, ordinary profit was ¥13,834 million, or 97.3%, and net income attributable to owners of the parent was ¥7,203 million, or 97.3%.」

「As a result, ordinary revenue for the consolidated fiscal year was ¥439,001 million, up 107.6% year on year, ordinary profit was ¥70,171 million, up 106.7%, and net income attributable to owners of the parent was ¥39,408 million, up 101.9%.」

「Ordinary revenue for the third-quarter cumulative period was ¥324,737 million, up 109.5% year on year and representing the eighth consecutive third-quarter cumulative period of revenue growth. Ordinary profit was ¥52,576 million, up 117.5%, and net income attributable to owners of the parent was ¥29,697 million, up 114.6%. Ordinary revenue, ordinary profit, and net income attributable to owners of the parent reached record highs.」

「Ordinary revenue for the current interim consolidated accounting period was ¥213,404 million, up 109.7% year on year and representing the seventh consecutive interim period of revenue growth. Ordinary profit was ¥33,078 million, up 115.8%, and interim net income attributable to owners of the parent was ¥17,936 million, up 104.4%. Ordinary revenue, ordinary profit, and interim net income attributable to owners of the parent reached record highs.」

「For the consolidated results for the first-quarter cumulative period, ordinary revenue was ¥102,346 million, up 108.8% year on year, and ordinary expenses were ¥88,132 million, up 107.4%. As a result, ordinary profit increased by ¥2,249 million from the first-quarter cumulative period of the previous year to ¥14,214 million, while net income attributable to owners of the parent increased by ¥402 million to ¥7,406 million.」

「As a result, ordinary revenue for the consolidated fiscal year was ¥407,970 million, up 108.7% year on year, ordinary profit was ¥65,746 million, up 106.7%, and net income attributable to owners of the parent was ¥38,677 million, or 98.0% of the prior-year level, due to an increase in net income attributable to non-controlling interests.」

「For the consolidated results for the third-quarter cumulative period, ordinary revenue was ¥296,695 million, up 108.1% year on year, and ordinary expenses were ¥251,962 million, up 108.5%. As a result, ordinary profit increased by ¥2,455 million from the third-quarter cumulative period of the previous year to ¥44,733 million, while net income attributable to owners of the parent increased by ¥38 million to ¥25,911 million.」

「Ordinary revenue was ¥194,533 million, up 107.5% year on year, and ordinary expenses were ¥165,979 million, up 108.1%. As a result, ordinary profit increased by ¥1,127 million from the second-quarter cumulative period of the previous year to ¥28,553 million, while interim net income attributable to owners of the parent increased by ¥173 million to ¥17,178 million.」

「For the consolidated results for the first-quarter cumulative period, ordinary revenue was ¥94,035 million, up 103.9% year on year, and ordinary expenses were ¥82,070 million, up 107.0%. As a result, ordinary profit decreased by ¥1,776 million from the first-quarter cumulative period of the previous year to ¥11,964 million, while net income attributable to owners of the parent decreased by ¥1,944 million to ¥7,003 million.」

「As a result of these initiatives, ordinary revenue for the consolidated fiscal year was ¥375,166 million, up 104.3% year on year, ordinary profit was ¥61,606 million, up 103.7%, and net income attributable to owners of the parent was ¥39,454 million, up 110.3%.」

「For the consolidated results for the third-quarter cumulative period, ordinary revenue was ¥274,510 million, up 103.6% year on year, and ordinary expenses were ¥232,233 million, up 104.3%. As a result, ordinary profit increased by ¥41 million from the third-quarter cumulative period of the previous year to ¥42,277 million, while net income attributable to owners of the parent increased by ¥2,332 million to ¥25,873 million.」

「For the consolidated results for the second-quarter cumulative period, ordinary revenue was ¥180,991 million, up 104.1% year on year, and ordinary expenses were ¥153,565 million, up 103.8%. As a result, ordinary profit increased by ¥1,512 million from the second-quarter cumulative period of the previous year to ¥27,426 million, while interim net income attributable to owners of the parent increased by ¥2,895 million to ¥17,005 million.」

「For the consolidated results for the first-quarter cumulative period, ordinary revenue was ¥90,469 million, up 105.6% year on year, and ordinary expenses were ¥76,728 million, up 105.0%. As a result, ordinary profit increased by ¥1,144 million from the first-quarter cumulative period of the previous year to ¥13,740 million, while net income attributable to owners of the parent increased by ¥1,763 million to ¥8,948 million.」