AEON Financial Service KK
8570
ISIN JP3131400008 / Valor 322439
AEON Financial Service KK
UMushroom community rating:
About company
AEON Financial Service KK provides a range of financial services including banking, credit cards, loans, and electronic money solutions.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (07.08.2024):
Record Operating Revenue
AEON Financial Service KK reported a record high in operating revenue for the first quarter of FY2024, reaching 2,449.2 billion yen. This marks a 5.4% increase compared to the same period in FY2023, continuing a trend of revenue growth for the fourth consecutive first quarter.
Profit Decline
Despite the increase in operating revenue, AEON Financial Service KK saw a decline in operating profit and ordinary profit for the first quarter of FY2024. Operating profit decreased by 7.1% to 47.7 billion yen, and ordinary profit fell by 5.7% to 45.3 billion yen compared to the same period in the previous year.
Net Income Drop
The net income attributable to parent company shareholders for AEON Financial Service KK significantly dropped in the first quarter of FY2024. The company reported a net income of 5.1 billion yen, a sharp decline of 71.1% from the 17.7 billion yen recorded in the first quarter of FY2023.
Segment Performance
AEON Financial Service KK's Financial Services segment saw a year-on-year increase in both revenue and operating profit for the first quarter of FY2024. Revenue grew by 9.8% to 127.1 billion yen, and operating profit increased by 5.4 billion yen, reflecting strong performance in both domestic and international markets.
Outlook and Strategy
Looking ahead, AEON Financial Service KK plans to strengthen its product and pricing strategies in response to the current economic environment. The company aims to continue its profit structure reforms and productivity improvements through the use of AI tools, positioning itself for sustained growth in the coming quarters.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1732 M
Market cap (USD)
520,700
Daily traded volume (Shares)
1262 / 1248.5
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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