Major distribution firm Aeon’s monetary outcomes for the yr as much as February this yr exceeded 9 trillion yen for the primary time, attributable to elevated gross sales of comparatively low cost own-brand merchandise amid rising costs and a rising want to economize. Profits elevated.
Aeon’s monetary outcomes for your complete group for the yr as much as February this yr reached a report excessive with gross sales of 9.1168 trillion yen, a rise of greater than 4% from the earlier yr.
This was primarily attributable to a rise in gross sales of comparatively cheap own-brand merchandise, together with meals, amid rising client spending developments attributable to excessive costs, and a rise in gross sales in areas reminiscent of antigen check kits and prescription drugs as a result of COVID-19 pandemic. It’s an element.
As a outcome, the working revenue, which signifies the revenue of the primary enterprise, turned optimistic for the primary time in three years, and the group’s internet revenue was 21.3 billion yen, greater than triple the earlier yr’s revenue.
Regarding the earnings forecast for the fiscal yr ending February 28, 2020, we anticipate a value enhance of 30 billion yen attributable to rising utility prices reminiscent of electrical energy, and 50 billion yen attributable to a rise in hourly wages for part-timers working within the group and wage will increase for full-time staff. We anticipate greater gross sales and earnings attributable to enhancements in productiveness by investments and digitalization.
At a press convention, President Akio Yoshida mentioned, “I thought that consumption would become quite difficult due to inflation due to livelihood defense, but my impression has changed slightly. What is necessary to do what I have not done during the corona There is a movement to buy , and I would like to prepare to respond to positive consumption.”