ÆON (company)

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ÆON Co., Ltd.
Native name イオン株式会社
Type Public KK
Traded as TYO: 8267
Industry Retailing
Founded 1758 (as Shinoharaya)
Headquarters Chiba, Japan
Key people Motoya Okada (岡田 元也 Okada Motoya), President
Services Apparel/footwear specialty, convenience/forecourt store, department store, discount department store, discount store, drug store/pharmacy, home improvement, hypermarket/supercenter/superstore, other specialty, supermarket
Revenue Increase 5,685,303 million (FY 2012)
Operating income Increase ¥190,999 million (FY 2012)
Net income Increase ¥74,697 million (FY 2012)
Total assets Increase ¥5,725,862 million (February 2012)
Total equity Increase ¥1,306.22 million (February 2012)
Employees 360,000+(2013)
Subsidiaries AEON Retail Co., Ltd.
AEON Hokkaido Corporation
Sunday Co., Ltd.
AEON Kyushu Co., Ltd.
Maxvalu Chubu Co., Ltd.
Maxvalu Nishinihon Co., Ltd.
Maxvalu Tohoku Co., Ltd.
Maxvalu Tokai Co., Ltd.
Maxvalu Hokkaido Co., Ltd.
Ministop Co., Ltd.
Website www.aeon.info/en

ÆON Co., Ltd. (イオン株式会社 Ion Kabushiki-gaisha?), commonly written AEON Co., Ltd., is the holding company of Æon Group. It has its headquarters in Mihama-ku, Chiba, Chiba Prefecture.[1]

It operates all the AEON Retail Stores (formerly known as JUSCO supermarkets) directly in Japan. Meanwhile AEON CO. (M) BHD operates all the AEON Retail Stores directly in Malaysia.

ÆON is the largest retailer in Asia. ÆON is a retail network comprising more than 250 consolidated subsidiaries and 26 equity-method affiliated companies ranging from convenience stores "Ministop" and supermarkets to shopping malls and specialty stores, including Talbots. ÆON is Japan's single-largest shopping mall developer and operator.

History[edit]

The company was established in September 1926. In 1970, three companies, Futagi, Okadaya, and Shiro, formed JUSCO Co., Ltd. The employees voted to name the company "Japan United Stores Company." On August 21, 2001, the company became ÆON Co., Ltd. On August 21, 2008 the corporate structure changed. ÆON Co., Ltd. became a holding company while ÆON Retail Co., Ltd. took over the retail operations formerly held by ÆON Co., Ltd.[1]

As of March 1, 2011, all JUSCO and Saty stores under the ÆON umbrella in Japan officially changed their names to ÆON while all the JUSCO stores and shopping centres in Malaysia are fully re-branded into ÆON since March 2012. However, JUSCO stores still operate in the Greater China region and some others.

In November 2012, ÆON acquired the operation of Carrefour Malaysia with an enterprise value of €250 million.[2] All of the current Carrefour hypermarkets and supermarkets in Malaysia will be fully re-branded into "ÆON Big" in the near future. The acquisition of Carrefour Malaysia will make ÆON as the second largest retailer in the nation, combining the sales from ÆON Retail stores (formerly known as JUSCO) and current Carrefour outlets.[3] Post-acquisition, ÆON's ASEAN business vice president said the retail giant envisages to open 100 outlets in various formats in the country by year 2020.[4]

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