AEON Co. Reports Revenue Growth but Faces Profitability Challenges
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AEON Co., Ltd. reported a 6.3% increase in operating revenue to 7,470,575 million yen for the nine months ending November 30, 2024. Despite this growth, the company experienced declines in operating profit, ordinary profit, and a net loss attributable to owners, highlighting profitability challenges. Total equity and net assets have also decreased. AEON maintains its dividend forecast at 40 yen per share for the fiscal year ending February 2025. The company is listed on the Tokyo Stock Exchange’s Prime Market and has a current market cap of $19.27B.
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