Stock Value
About Aeon
Aeon Co., Ltd. engages in retail business with shopping mall development and operation. The company primarily operates in Japan, North America, and Asia.
Segments
The company separates its operations into four segments, which consist of General Merchandise Stores (GMS) and Other Retail Store Operations; Specialty Store Operations; Shopping Center (SC) Development Operations; and Service and Other Operations.
General Merchandise Stores and Other Retail Store Operations
The General Merchandise Stores and Other Retail Store Operations include mainly GMS, supermarket, convenience store, and department store operations. Stores in this segment offer various types of goods.
The company’s GMS outlets offer apparel, foodstuffs and household items in sales displays. It groups merchandise under categories, such as ‘travel’, ‘walking’, ‘relaxation’ and ‘fitness’. The company also operates supermarkets and convenience stores. It operates GMS outlets and supermarkets in China and Southeast Asia.
Specialty Store Operations
The Specialty Store Operations include women’s apparel, casual wear items for men and women, cosmetics and toiletries, and shoes.
Shopping Center Development Operations
The Shopping Center Development Operations provide store development and rental services.
Service and Other Operations
The Service and Other Operations include credit card operations, consumer financing, amusement facility operator, restaurants and store maintenance.
Acquisitions
In December 2007, the company acquired 89.9 % of the issued shares of Kohyo Co., Ltd., which operates a supermarket business.
Significant Events
On July 22, 2009, Aeon Co. Ltd. announced it has formed a subsidiary to produce vegetables for sale in the Tokyo area. The Japanese retail giant's new unit, Aeon Agri Create Co., would grow vegetables, such as corn, cabbage and soybeans by leasing a 2.6-hectare field in Ushiku, Ibaraki Prefecture, northeast of Tokyo, starting in September.
