Full Year 2021 Aeon Co Ltd Earnings Presentation Transcript

Apr 09, 2021 / NTS GMT
Presentation
Apr 09, 2021 / NTS GMT

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Corporate Participants
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* Akio Yoshida
Aeon Co., Ltd. - President, Representative Executive Officer & Director

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Akio Yoshida - Aeon Co., Ltd. - President, Representative Executive Officer & Director

[Interpreted] Fiscal 2020 was a challenging year for Aeon in the sense that we were pressed to swiftly respond to the COVID-19 pandemic while also meeting newly emerging needs. Earnings in the first quarter were significantly impacted by factors such as the suspension of operations under the declared state of emergency, but the group's resilience soon came to the fore and earnings started improving thereafter. Even though we upwardly revised our forecasts in December, earnings still came in higher than our revised targets, owing to higher-than-expected food sales growth and ongoing cost control initiatives. For fiscal 2021, we have our sight set on a V-shaped recovery to pre-pandemic levels.

On the next slide, I will discuss the situation

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