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AEON Mall Co.,Ltd., First Half Ordinary Profit Increases by 9%, June-Augus Ordinary Profit Increases by 10%

Tue Oct 8, 2024 3:00 pm JST Earnings

8905 AEON Mall Co.,Ltd. 【J-GAAP】

Earnings Report

AEON Mall Co.,Ltd. <8905> [TSE-P] announced its financial results after the market closed on October 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 8.6% from the same period last year, reaching 21.3 billion yen. The progress rate against the 42 billion yen full-year plan was 50.9%, also surpassing the five-year average of 46.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 18.5% from the same period last year, reaching 20.6 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 9.7% from the same period last year, reaching 9 billion yen. The operating profit margin rose from 10.0% in the same period last year to 10.1%.

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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 194,104 22,826 18,533 7,122 31.3 50.9 Oct 4, 2022 J-GAAP
Mar - Aug, 2023 210,807 24,428 19,674 10,505 46.2 53.0 Oct 10, 2023 J-GAAP
Mar - Aug, 2024 222,231 26,841 21,368 9,078 39.9 50.9 Oct 8, 2024 J-GAAP
YoY +5.4% +9.9% +8.6% -13.6% -13.6%

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 221,000 26,000 19,700 5,400 23.7 25 Apr 9, 2024 J-GAAP
Mar - Aug, 2024 Results 222,231 26,841 21,368 9,078 39.9 25 Oct 8, 2024 J-GAAP
Revision Rate +0.6% +3.2% +8.5% +68.1% +68.1%

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 212,361 21,983 17,412 9,894 43.5 25 Apr 9, 2024 J-GAAP
Sep - Feb, 2024 Guidance 231,269 28,159 20,632 7,422 32.6 25 Oct 8, 2024 J-GAAP
YoY +8.9% +28.1% +18.5% -25.0% -25.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 398,244 43,979 36,409 12,994 57.1 50 Apr 11, 2023 J-GAAP
Feb, 2024 423,168 46,411 37,086 20,399 89.6 50 Apr 9, 2024 J-GAAP
Feb, 2025 Guidance 453,500 55,000 42,000 16,500 72.5 50 Apr 9, 2024 J-GAAP
YoY +7.2% +18.5% +13.3% -19.1% -19.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 105,278 10,545 8,203 4,133 18.2 10.0 Oct 10, 2023 J-GAAP
Sep - Nov, 2023 103,052 9,717 7,548 4,204 18.5 9.4 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 109,309 12,266 9,864 5,690 25.0 11.2 Apr 9, 2024 J-GAAP
Mar - May, 2024 109,432 15,472 12,367 6,871 30.2 14.1 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 112,799 11,369 9,001 2,207 9.7 10.1 Oct 8, 2024 J-GAAP
YoY +7.1% +7.8% +9.7% -46.6% -46.6%

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