Aeon Co. Ltd.'s strengths lie in the development and operation of shopping centers, and in the financial-services business. Its focus on two profit bases differentiates it from its competitors, and helps to stabilize the Aeon group's business franchise. Aeon's business is adequately diversified. The group generates about 50% of EBITDA from general merchandise stores, 20% from financial services, and about 10% from specialty stores and shopping-center development operations. With a focus on business development in Asia, it is geographically more diversified than its domestic peers. In fiscal 2006 (ended Feb. 20, 2007), Aeon generated 11% of its consolidated total revenues and 15% of its consolidated operating profit from overseas business. The Aeon group achieved a record ordinary profit in the
