Q1 2024 Aeon Co Ltd Earnings Presentation Transcript

Jul 13, 2023 / NTS GMT
Presentation
Jul 13, 2023 / NTS GMT

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Corporate Participants
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* Hiroaki Egawa
Aeon Co., Ltd. - Executive Officer of Finance & Business Management

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Hiroaki Egawa - Aeon Co., Ltd. - Executive Officer of Finance & Business Management

I'm Hiroaki Egawa, CFO and Executive Officer in charge of Business Management. Thank you very much for joining today's Aeon earnings briefing.

I'd like to provide an overview of our financial results for the first quarter of fiscal year ending on February 29, 2024. The first quarter marked the beginning of a full-fledged recovery in socioeconomic activities as new COVID-19 infections were reassessed to Category 5 infectious diseases, while inflationary pressures continue to mount due to the global surge in raw material prices and the weak yen.

Our first quarter consolidated operating revenue was JPY 2,324.7 billion, operating profit was JPY 51.4 billion and ordinary profit was JPY 48.1 billion, which were all new record highs.

Net

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