Aeon Co M2Q revenue 999.6M ringgit, -2.1% y/y

Aeon Co M2Q revenue 999.6M ringgit, -2.1% y/y

Aeon Co, Japan’s second-biggest grocery conglomerate, reported a 2.1% year-over-year (y/y) decline in its second-quarter (Q2) revenue, totaling 999.6 million ringgit. This marks a significant drop compared to the same period last year, reflecting a challenging market environment for the company.

Despite the revenue decline, Aeon Co has seen a notable improvement in its market capitalization. On Thursday, August 21, 2025, Aeon Co’s market capitalization reached ¥5.19 trillion ($35.2 billion) at the close of trading in Tokyo, surpassing Seven & I Holdings' market capitalization of ¥5.18 trillion for the first time in two decades [1].

Seven & I Holdings, the operator of 7-Eleven stores, has faced a decline in its market value, with shares languishing after Alimentation Couche-Tard abandoned its bid for the company. The company has been pursuing a turnaround with a broad revamp, but the market has not responded favorably, with shares declining by 20% this year [1].

In contrast, Aeon Co’s smaller-format food outlets have been encroaching on Seven & I’s turf, contributing to its market capitalization gain. Aeon Co has climbed 51% this year, outperforming Seven & I Holdings, which has a larger footprint with the combined presence of grocery and convenience stores [1].

The revenue decline for Aeon Co is a reminder of the competitive landscape in the grocery and convenience store sector. While the company has shown resilience in its market capitalization, the revenue figures indicate a need for strategic adjustments to navigate the current market conditions.

References:
[1] https://www.japantimes.co.jp/business/2025/08/21/seven-eclipsed-by-aeon/