AEON CO., LTD. is a Japan-based company mainly engaged in the general retail sale business, focusing on the operation of general merchandise stores (GMS). The Company operates in four business segments. The General Retail segment is engaged in the operation of GMS, supermarkets, convenience stores and department stores. The Specialty Store segment is engaged in the operation of specialty stores that offer women's apparel, family casual fashion clothing, health and beauty products, as well as shoes. The Developer segment is engaged in the development and leasing of commercial facilities. The Service and Others segment provides various services, including financial services, amusement services, restaurant services, store maintenance services and wholesale services..
Quick Financial Synopsis
BRIEF: For the six months ended 31 August 2009, AEON CO.,LTD.'s revenues decreased 3% to Y2.271T. The Company's net loss decreased 8% to Y14.68B. Revenues reflect lower sales of the Company products due to unfavorable market environment. Net loss benefits from decreased impairment losses on assets, the absence of Y7.66B allowance for doubtful accounts and Y2.71B reserve for loss on store closure.