$AEON(8267.JP)$ ### AEON's Latest Earnings Report: Retail Giant Continues Steady Growth
2024/7/13 - AEON Co., Ltd., one of the largest retailers in Japan, announced financial results for the first quarter of the fiscal year ending 2025/2, showing steady growth. Below are its main points.
#### Increased sales
AEON's sales increased in the first quarter compared to the same period last year. In particular, growth in the food sector and online sales was remarkable, and this is the result of strategies that respond to consumer demand paying off. Demand for online sales has continued even after the pandemic, and the company's digitalization strategy has paid off.
#### Profit Expansion
Operating profit also improved compared to the same period last year. Thorough cost control and efficient operation were successful, contributing to an increase in profit margins. In particular, reducing logistics costs and improving the efficiency of store operations became important factors.
#### Successful overseas expansion
AEON's overseas business was also doing well. Mainly in the Asian market, we have successfully opened new stores and developed products to meet local needs, contributing to an increase in sales. In particular, market share expansion in China and Southeast Asia has been remarkable, and growth is expected in the future.
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$USD/JPY(USDJPY.FX)$
I bought a high dollar during Golden Week, went on an overseas trip, and when I came back to Japan, the dollar was getting cheaper, which is a dynamic round trip bint... That's a pity