ÆON (company)
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| Type | Public KK |
|---|---|
| Traded as | TYO: 8267 |
| Industry | Retailing |
| Founded | 1758 (as Shinoharaya) |
| Headquarters | Chiba, Japan |
| Number of locations | 391 |
| Key people | Motoya Okada, 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 |  5,206,132 million (FY 2012) |
| Operating income | ¥195,690 million (FY 2012) |
| Net income | ¥66,750 million (FY 2012) |
| Total assets | ¥4,048,937 million (February 2012) |
| Total equity | ¥1,282,066 million (February 2012) |
| Employees | 79,910 (2011) |
| 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 |
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 129 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.
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History [edit]
It is originally founded in 1758 by founder Okada Sozaemon (岡田惣左衛門).[citation needed] The current 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 AEON umbrella in Japan officially changed their names to Aeon 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, AEON 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 "AEON Big" in the near future. The acquisition of Carrefour Malaysia will make AEON as the second largest retailer in the nation, combining the sales from AEON Retail stores (formerly known as JUSCO) and current Carrefour outlets. [3] Post-acquisition, AEON's ASEAN business vice president said the retail giant envisages to open 100 outlets in various formats in the country by year 2020. [4]
See also [edit]
References [edit]
- ^ a b "Aeon 2011 Group Profile." Æon. Retrieved on September 15, 2011. "Head Office: 1-5-1 Nakase, Mihama-ku, Chiba-shi, Chiba 261-8515, Japan"
- ^ http://www.themalaysianinsider.com/business/article/carrefour-sells-malaysian-ops-to-aeon
- ^ http://biz.thestar.com.my/news/story.asp?file=/2012/11/2/business/12262472&sec=business
- ^ http://biz.thestar.com.my/news/story.asp?file=/2012/11/3/business/12261834&sec=business
External links [edit]
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Wikimedia Commons has media related to: Shopping Center of Æon Group |
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