Japan's Aeon to buy out mall subsidiaries in bow to investor concerns

Aeon Mall-Aeon Delight consolidation to address 'parent-subsidiary listing' unease

Aeon operates 204 shopping malls across Japan, China and Southeast Asia via subsidiary Aeon Mall. (Photo by Makoto Okada)

Nikkei staff writers

February 28, 2025 17:46 JST

Updated on February 28, 2025 18:06 JST

TOKYO -- Aeon is set to turn two of its listed subsidiaries into wholly owned units, Nikkei learned on Friday, in a move aimed at buttressing the mall business as well as addressing investor concerns about so-called "parent-subsidiary listings."

The retail conglomerate currently owns 58.16% of Aeon Mall and 57.41% of Aeon Delight. Both units are listed on the Prime section of the Tokyo Stock Exchange.