The Japanese retailer has returned to an operating profit but remains cautious for the rest of the year.
Aeon Japan has a number of corporate arms that includes their General Supermarket Business, their Supermarket Business, their Health and Wellness Business and their Development Business all located in Japan, and the company also has a number of international dealings.
Although the brands general merchandise stores and shopping malls have struggled to attract shoppers, their supermarkets have seen strong sales as consumers continue to shop for their groceries and cook from home rather than eating out.
The company has recorded a 46.4bn yen operating profit for its second quarter, up from a loss 12.5bn in the first quarter. Although the company has made a profit in this past quarter, they remain cautious over the ongoing impacts of the Coronavirus pandemic. President, Akio Yoshida commented: “We expect negative macroeconomic trends to continue having an impact.”
