AEON Lowered Its Annual Business Indicators

According to the plan formulated at the beginning of the year, the sales target of Yong Wang in 2008 is 5 trillion and 200 billion yen, and the sales profit is 126 billion yen to 131 billion yen.

However, affected by the downturn in clothing sales, the company's sales revenue is 200 billion yen lower than expected, and its sales profit is down by 39 billion yen.

With some special losses, the net profit of Yong Wang in 2008 could be reduced from 2 billion 500 million yen to 2 billion 500 million yen.

If this happens, it will become a deficit situation again since 2001 in 7 years.

According to the briefing, nearly half of the planned shopping center investment projects planned for 2009 will be halted. The company plans to concentrate resources through the reduction of investment scale and withdrawal of some non core businesses, so as to ensure the healthy development of enterprises.

Although the wing WAN side did not specify the specific plan of the business adjustment, the industry estimates that Yong Wang will sell some of the affiliated enterprises' stock and withdraw some businesses which are difficult to produce synergy with the core business.