AEON Financial Service (8570) Q1 2025 earnings summary

Executive summary

• Operating revenue for Q1 FY2024 was ¥127,928 million, up 9.7% year-over-year, with operating profit at ¥15,249 million, up 65.9% year-over-year, and profit attributable to owners of parent at ¥6,083 million, up 69.1% year-over-year.

• Despite weak consumer sentiment and global economic headwinds, revenue and profit increased across most business segments, supported by expanded customer base and enhanced digital services.

• Strategic initiatives included the transfer of AEON Product Finance Co., Ltd., the launch of digital banking in Malaysia, and participation in regional economic revitalization projects.

Financial highlights

• Operating revenue rose to ¥127,928 million from ¥116,600 million year-over-year.

• Operating profit increased to ¥15,249 million from ¥9,191 million, and ordinary profit to ¥15,977 million from ¥9,588 million year-over-year.

• Net income per share was ¥28.18, up from ¥16.66 year-over-year.

• Comprehensive income for Q1 FY2024 was ¥12,349 million, down from ¥15,712 million in Q1 FY2023.

Outlook and guidance

• FY2025 full-year projections: operating income ¥520,000 million (+7.1% YoY), operating profit ¥55,000 million (+9.8% YoY), ordinary profit ¥55,000 million (+7.5% YoY), profit attributable to owners of parent ¥21,000 million (+0.5% YoY), EPS ¥97.28.

• No changes to previously announced earnings forecast.