Aeon (8267) Q4 2026 earnings summary

Executive summary

• Operating revenue reached ¥10,715.3 billion (+5.7% YoY), marking a fifth consecutive record high, with operating profit at ¥270.4–270.5 billion (+13.8% YoY) and ordinary profit at ¥243.0 billion (+8.4% YoY), all record highs.

• Profit attributable to owners of the parent surged 167.5% YoY to ¥72.6–72.7 billion, aided by a step acquisition gain from TSURUHA consolidation.

• Growth was driven by productivity improvements, cost controls, private brand expansion, and extraordinary gains from acquisitions.

• All reporting segments saw revenue growth, with Shopping Center Development, Health & Wellness, and Services & Specialty Stores achieving record profits.

• Implemented a 3-for-1 stock split effective September 1, 2025.

Financial highlights

• Operating profit CAGR over five years was 11.6%, outpacing operating revenue CAGR of 5.3%.

• Topvalu private brand sales grew 10% YoY to ¥1.2 trillion.

• Cash & deposits increased by ¥91.6 billion; interest-bearing debt (excluding financial subsidiaries) rose by ¥490.9 billion.

• Shareholders’ equity increased by ¥83.9 billion to ¥1,025.6 billion.

• Basic EPS: ¥26.87 (vs. ¥10.57 prior year, adjusted for stock split).

Outlook and guidance

• FY2026/27 forecasts: operating revenue ¥12.0 trillion (+12.0%), operating profit ¥340.0 billion (+25.7%), ordinary profit ¥290.0 billion (+19.3%), profit attributable to owners ¥73.0 billion (+0.4%).

• Planned investment of ¥580.0 billion, focusing on Vietnam, supply chain, DX, and store expansion.

• Annual dividend set at ¥15.0 per share, including a commemorative dividend for the 100th anniversary.

• Net income expected to benefit from group tax consolidation system.