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AEON Co.,Ltd., First Half Net Income Decreases by 76%, June-Augus Net Income Decreases by 94%

Wed Oct 9, 2024 5:00 pm JST Earnings

8267 AEON Co.,Ltd. 【J-GAAP】

Earnings Report

AEON Co.,Ltd. <8267> [TSE-P] announced its financial results after the market closed on October 9th (17:00). The consolidated net income for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 76.5% from the same period last year to 5.48 billion yen. The progress rate against the 46 billion yen full-year plan was 11.9%, also falling below the five-year average of 55.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the September to February period (second half) is expected to expand by 89.5% from the same period last year, reaching 40.5 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income significantly dropped to 363 million yen, a 93.5% decrease compared to the same period last year. The operating profit margin worsened from 2.8% in the same period last year to 2.0%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2022 4,487,184 95,877 95,321 18,038 21.3 46.8 Oct 5, 2022 J-GAAP
Mar - Aug, 2023 4,711,335 117,623 111,906 23,318 27.3 47.1 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 4,999,435 98,600 89,819 5,488 6.4 34.5 Oct 9, 2024 J-GAAP
YoY +6.1% -16.2% -19.7% -76.5% -76.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 20 Apr 10, 2024 J-GAAP
Mar - Aug, 2024 Results 4,999,435 98,600 89,819 5,488 6.4 20 Oct 9, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 4,842,222 133,199 125,573 21,374 25.0 18 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 5,000,565 171,400 170,181 40,512 47.1 20 Oct 9, 2024 J-GAAP
YoY +3.3% +28.7% +35.5% +89.5% +88.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 9,116,823 209,783 203,665 21,381 25.1 36 Apr 12, 2023 J-GAAP
Feb, 2024 9,553,557 250,822 237,479 44,692 52.3 36 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 10,000,000 270,000 260,000 46,000 53.4 40 Apr 10, 2024 J-GAAP
YoY +4.7% +7.6% +9.5% +2.9% +2.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,386,537 66,154 63,785 5,590 6.5 2.8 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 2,314,520 25,200 21,209 -4,959 -5.8 1.1 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 2,527,702 107,999 104,364 26,333 30.8 4.3 Apr 10, 2024 J-GAAP
Mar - May, 2024 2,449,216 47,795 45,397 5,125 6.0 2.0 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,550,219 50,805 44,422 363 0.4 2.0 Oct 9, 2024 J-GAAP
YoY +6.9% -23.2% -30.4% -93.5% -93.6%

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