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Aeon Financial Service Profits Double in First Quarter

Aeon Financial Service Co. Ltd. reported a sharp increase in profitability for the first quarter ending May 31, with net profit climbing to 8.97 billion yen from 4.36 billion yen in the same period last year. This surge reflects a broader expansion in revenue across the firm’s financial operations.

Aeon Financial Service Profits Double in First Quarter

The Japanese firm saw its quarterly revenue rise to 153.88 billion yen, up from 136.56 billion yen recorded a year earlier. Operating profit also tracked upward, reaching 17.49 billion yen compared to the 13.00 billion yen reported in the previous year. Pretax profit followed this growth trajectory, hitting 17.55 billion yen against 13.85 billion yen last year. Earnings per share reached 41.53 yen, more than doubling the 20.19 yen reported in the prior fiscal period. These figures, prepared under Japanese accounting standards, highlight a significant period of growth for the company's financial services portfolio.

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