Aeon (company)

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ÆON Co., Ltd.
イオン株式会社
Company typePublic KK
TYO: 8267
IndustryRetail
Founded1758 (as Shinoharaya)
HeadquartersChiba, Japan
Number of locations
391
Key people
Motoya Okada, President
ServicesShopping malls, Hypermarkets, Supermarkets, Convenience stores
RevenueIncrease ¥5,096,569 million (2010)
Increase ¥172,360 million (2010)
Increase ¥59,688 million (2010)
Total assetsDecrease ¥3,774,628 million (2010)
Total equityIncrease ¥1,219,236 million (2010)
Number of employees
79,910 (2011)
SubsidiariesAEON 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.
Websitewww.aeon.info
Æon headquarters

ÆON Co., Ltd. (イオン株式会社, Ion Kabushiki-gaisha, TYO: 8267), 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.

History

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.

See also

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References

  1. ^ 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"

External links