Aeon Reports 25.6% Drop In Net Profit

Aeon Co AONNY reported a decline in its net profit for the first nine months of its fiscal year. Aeon's net profit for the period dropped 25.6% to Y36.54 billion, versus Y49.1 billion, in the year-ago period. Its revenue rose to Y3.75 trillion from Y3.73 trillion. Aeon's operating profit surged 9.1% to Y101.82 billion from Y93.4 billion. For the full fiscal year ending February, Aeon continues to expect a net profit of between Y63 billion and Y68 billion, versus Y59.7 billion, in the year-ago period. Aeon's shares closed at $13.74 yesterday.