Latest news with #NaoyaOkada
Malay Mail
24-06-2025
- Business
- Malay Mail
AEON launches reforestation drive in Johor, targets 30,000 trees in Segamat after Bidor forest success
KUALA LUMPUR, June 24 — AEON has launched a new three-year reforestation initiative in Segamat, Johor, following the successful completion of its Malaysia-Japan Friendship Forest Programme in Bidor, Perak. The Segamat Reforestation Project was announced during a ceremony at the Forest Research Institute Malaysia (FRIM) headquarters in Kepong last Friday. It marks the next chapter in AEON's long-standing environmental sustainability efforts, in collaboration with FRIM. AEON said the project will see 30,000 rainforest trees planted across 36 hectares in three phases between 2025 and 2027, replicating the ecological impact of the Bidor initiative. The site in Bidor, once a degraded tin mining area, was transformed into a thriving ecosystem with 30,000 trees planted over 22.75 hectares between 2014 and 2023. AEON CO. (M) BHD managing director Naoya Okada and FRIM director-general Dato' Dr Ismail Parlan formalised the Segamat collaboration by exchanging a Letter of Intent (LOI), witnessed by FRIM deputy director-general (Research) Dr Norwati Muhammad and AEON deputy managing director Tsugutoshi Seko. As part of the launch, a symbolic tree-planting ceremony was held at FRIM's Padang 44, with native rainforest species including meranti temak nipis (Anthoshorea roxburghii), meranti tembaga (Rubroshorea leprosula), and sesenduk (Endospermum diadenum). Exchange of the Letter of Intent (LOI). From left: Tsugutoshi Seko, Deputy Managing Director of AEON, Naoya Okada, Managing Director of AEON, Dato' Dr. Ismail Parlan, Director General of FRIM, and Dr. Norwati Muhammad, Deputy Director General (Research) of FRIM. Okada said the new project builds on the achievements in Bidor, which now serves as a research and seed production site and forms part of the government's 100 million tree planting campaign. 'The Bidor project is a testament to what can be achieved when corporate responsibility is combined with scientific expertise. AEON is proud to carry this legacy forward in Segamat,' he said, adding that AEON has planted over 557,000 trees nationwide since beginning its green initiatives in 1991. Dr Ismail said FRIM values AEON's ongoing support in environmental conservation and welcomes further collaboration. 'The restoration efforts in Bidor have not only revitalised the land but also attracted a variety of fauna, including migratory birds. We look forward to expanding our partnership with AEON,' he said. AEON said the reforestation initiative forms part of its broader Environmental, Social and Governance (ESG) goals, promoting biodiversity, community engagement and sustainable development.
New Straits Times
20-05-2025
- Business
- New Straits Times
Aeon profit rises 18 pct to RM68.1mil in Q1
KUALA LUMPUR: Aeon Co (M) Bhd's net profit for the first quarter (1Q) of 2025 rose 18 per cent to RM68.10 million from RM57.39 million a year earlier, supported by seasonal spending uplift from the double festive celebrations within the quarter. Revenue increased by 6.6 per cent to RM1.24 billion from RM1.17 billion previously, with its retail business and property management services segments recording revenue growth. Aeon said its retail business segment achieved 6.1 per cent higher revenue of RM1.04 billion in the quarter under review, contributed by stronger consumer spending during the double festive periods. Its property management services segment reported a revenue growth of 9.4 per cent to RM204.4 million, supported by improved occupancy rate, effective tenancy renewals, and higher sales commissions driven by buoyant tenants' sales performance during festive periods. Managing director Naoya Okada said the retail industry is expected to proactively adapt to rising business costs throughout the year, while continuing to meet evolving consumer expectations and support resilient household spending. "Aeon remains focused on enhancing operational efficiency, expanding its private brand offerings, accelerating digital transformation, optimising tenant mix, strengthening its loyalty programme, as well as elevating the overall value of its retail spaces to attract greater foot traffic," he said. Looking ahead, Aeon said it will continue to deepen customer engagement, capitalise on emerging opportunities, and reinforce the foundations of its core businesses to deliver sustainable value for its customers, business partners, and shareholders, while remaining steadfast in its role to serve communities across Malaysia.
