Aeon: This year, three new supermarkets will open in mainland China.

SadMoneyMeow · 2026-03-27T15:22:24+00:00

AEON's annual loss until the end of December last year was HKD 324 million, with Hong Kong business revenue declining by 4.1%. Although no final dividend was paid, management stated that store models will be adjusted, with plans to open 10 new stores before 2026 to respond to market changes and boost sales.

SadMoneyMeow

2026-03-27 15:22:24

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Viewpoint Hong Kong Report: On March 27, AEON, which operates AEON Department Store, announced a loss of HKD 324 million for the year ending last December, a slight narrowing of the loss, with a loss per share of 12.475 cents.

AEON stated that considering factors such as financial performance, cash flow situation, business conditions, strategy, future operations and earnings, capital requirements, and expenditure plans, it has decided not to declare a final dividend; the loss for the same period in 2024 was HKD 338 million.

During the period, the revenue from the Hong Kong business fell by about 4.1% to HKD 3.59 billion. Management stated at an online press conference that there is a trend of bottoming out and rebounding in the Hong Kong retail market, with sales figures from some stores this year surpassing last year’s. They are making appropriate adjustments to respond to market conditions and consumer needs, changing store formats, such as opening Mono Mono “ものもの” stores and offering AEON exclusive products and business models. AEON will consider financial balance and make new investments, with the group continuing to accelerate the expansion of small specialty stores, aiming to open 10 new AEON Mono Mono “ものもの” stores by 2026.

In mainland China, the revenue from mainland operations fell by 3.4% to HKD 4.2 billion. AEON indicated plans to open three supermarkets this year, continuing to expand supermarkets with the goal of increasing market share.

AEON expects to invest HKD 110 million this year to open new stores and renovate existing ones.

Disclaimer: The content and data of this article are compiled by Viewpoint based on public information and do not constitute investment advice. Please verify before use.

(Editor: Wang Zhiqiang HF013)

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