Q3 2023 Aeon Co Ltd Earnings Presentation Transcript

Jan 13, 2023 / NTS GMT
Presentation
Jan 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
* Motoyuki Shikata
Aeon Co., Ltd. - Executive Officer of Strategy & Chief Officer of Corporate Strategy

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

Hello. I'm Hiroaki Egawa, Executive Officer in charge of Finance and Business Management. Thank you very much for finding time to participate in today's Aeon earnings briefing. Without further ado, I'd like to provide an overview of our financial results for the third quarter.

The business environment in the third quarter of fiscal year 2022 was extremely difficult due to factors like soaring raw material and energy prices and further increases to procurement and electricity costs. Seasonal factors mean that the third quarter is always a difficult one for sales and gross profit as it is and rising procurement and electricity

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