AEON (company)

ÆON Co., Ltd. (イオン株式会社, Ion kabushiki gaisha), commonly written AEON Co., Ltd., is the holding company of ÆON Group. It has its headquarters in Mihama-ku, Chiba, Chiba Prefecture.[1]

For other uses, see Aeon (disambiguation).
ÆON Co., Ltd.
Native name
イオン株式会社
Ion kabushiki gaisha
TypePublic KK
IndustryRetailing
Founded1758 (1758)
(as Shinoharaya)
HeadquartersChiba, Japan
Area served
Asia
Key people
Motoya Okada (岡田 元也 Okada Motoya), President
ServicesApparel/footwear specialty, convenience/forecourt store, department store, discount department store, discount store, drug store/pharmacy, home improvement, hypermarket/supercenter/superstore, other specialty, supermarket
Revenue ¥8,176,732 million (FY 2016)
¥52,707 million (FY 2016)
Total assets ¥8,225,874 million (FY 2016)
Total equity ¥1,819,474 million (FY 2017)
Number of employees
500,000+ (FY 2016)
SubsidiariesAEON Retail.
AEON Hokkaido
Sunday
AEON Kyushu
Maxvalu Chubu
Maxvalu Nishinihon
Maxvalu Tohoku
Maxvalu Tokai
Maxvalu Hokkaido
Ministop
Websitewww.aeon.info/en/
AEON Supermarket in Chiba

It operates all the AEON Retail Stores (formerly known as JUSCO supermarkets) directly in Japan. Meanwhile, AEON CO. (M) BHD operates all the AEON Retail Stores directly in Malaysia.

ÆON is the largest retailer in Asia.[2] ÆON is a retail network comprising around 300 consolidated subsidiaries and 26 equity-method affiliated companies. These range from convenience stores "Ministop" and supermarkets to shopping malls and specialty stores, including having owned the American chain Talbots. ÆON is Japan's single-largest shopping mall developer and operator.

Naming

The name ÆON is a transliteration from the koine Greek word ὁ αἰών (ho aion), from the archaic αἰϝών (aiwon). The name and symbolism used in the branding implies the eternal nature of the company.[3]

History

The company was established in September 1926. In 1970, three companies, Futagi, Okadaya, and Shiro, formed JUSCO Co., Ltd. The employees voted to name the company "Japan United Stores Company". On August 21, 2001, the company became AEON Co., Ltd. On August 21, 2008 the corporate structure changed. AEON Co., Ltd. became a holding company while AEON Retail Co., Ltd. took over the retail operations formerly held by AEON Co., Ltd.[1]

As of March 1, 2011, all JUSCO and Saty stores under the AEON umbrella in Japan officially changed their names to AEON while all the JUSCO stores and shopping centres in Malaysia are fully re-branded into AEON since March 2012. However, JUSCO stores still operate in the Greater China region and some others.

In November 2012, AEON acquired the operation of Carrefour Malaysia with an enterprise value of €250 million.[4] All of the current Carrefour hypermarkets and supermarkets in Malaysia will be fully re-branded into AEON in the near future. The acquisition of Carrefour Malaysia will make AEON as the second largest retailer in the nation, combining the sales from AEON Retail stores (formerly known as JUSCO) and current Carrefour outlets.[5] Post-acquisition, AEON's ASEAN business vice president said the retail giant envisages to open 100 outlets in various formats in the country by year 2020.[6]

AEON Stores (Hong Kong) Co., Limited was established in Hong Kong in November 1987 and listed on the Hong Kong Stock Exchange in February 1994. AEON aims to develop a chain operation in Hong Kong and offer value-for-money merchandise to Hong Kong customers.

See also

References
  1. "Aeon 2011 Group Profile Archived 2016-03-04 at the Wayback Machine." Æon. Retrieved on September 15, 2011. "Head Office: 1-5-1 Nakase, Mihama-ku, Chiba-shi, Chiba 261-8515, Japan"
  2. Hollinger, Peggy (4 October 2015). "Japan's ANA eyes stake in Vietnam Airlines". Financial Times. Retrieved 5 October 2015.
  3. "FAQ". www.aeon.info (in Japanese). Retrieved 2019-06-24.
  5. "Archived copy". Archived from the original on 2012-11-03. Retrieved 2012-11-03.CS1 maint: archived copy as title (link)
  6. "Archived copy". Archived from the original on 2012-11-05. Retrieved 2012-11-05.CS1 maint: archived copy as title (link)


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