date:Apr 11, 2014
falling short of cost reduction targets at its general merchandise stores, while it has been hit by stiff competition, especially from aggressively expanding convenience stores.
Aeon forecast a rise of about 20 percent in operating profit this fiscal year to 200 billion to 210 billion yen, compared with an average forecast of 201.66 billion yen from 14 analysts surveyed by Thomson Reuters I/B/E/S.
The company also said it would boost capital expenditure to 530 billion yen from 408.4 billion ye