Aeon Hokkaido (7512) Q2 2026 earnings summary

Executive summary

• Revenue increased 9.9% year-over-year in the first half to ¥185,947 million, driven by the acquisition of Seiyu stores and growth in discount formats, marking a record high.

• Operating profit declined 20% year-over-year to ¥2,463 million due to higher labor, investment, and inflation costs.

• Net profit fell 26% year-over-year to ¥1,191 million as increased costs outpaced gross profit growth.

• Growth was led by discount stores (DS) with a 14.4% sales increase, while supermarkets (SM) and general merchandise stores (GMS) also grew.

• Strategic focus included store revitalization, product differentiation, and digital initiatives.

Financial highlights

• Revenue: ¥185,947 million (+9.9% YoY).

• Operating profit: ¥2,463 million (down 20% YoY).

• Net profit: ¥1,191 million (down 26% YoY).

• Gross profit: ¥58,033 million (+8.0% YoY).

• Free cash flow was positive at ¥6,258 million.

• Ordinary profit dropped 30.1% YoY to ¥2,281 million.

• EPS for the period was ¥8.55, down from ¥11.56 in the prior year.

• Cash and equivalents at period-end were ¥5,998 million, up ¥1,627 million from the previous year.

Outlook and guidance

• Full-year revenue forecast: ¥382,000 million (+7.9% YoY).

• Operating profit forecast: ¥9,800 million (+24.2% YoY).

• Net profit forecast: ¥5,000 million (+38.6% YoY).

• Annual dividend forecast is ¥16.00 per share.