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Japan-Update

Aeon Mall seen hitting seventh straight pretax profit record

New shopping centers in Japan, abroad give sales a lift

TOKYO -- Aeon Mall's group pretax profit likely grew 10% to around 46 billion yen ($415 million) for the year ended in February, beating a company forecast by about 1 billion yen thanks to narrower overseas losses.

Operating revenue likely grew 20% to roughly 270 billion yen, helped by new shopping centers. The Chiba-based company opened two overseas and six in Japan, including one in Aichi Prefecture in December. Aeon Mall's acquisition of Opa, a Japanese fashion mall operator, also helped lift revenue.

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