General Merchandise Store (GMS) Business
                
                    - AEON Retail Co., Ltd.
 
                    - *AEON Hokkaido Corporation
 
                    - *SUNDAY CO., LTD.
 
                    - *AEON KYUSHU CO., LTD.
 
                    - AEON SUPERCENTER Co., Ltd.
 
                    - AEONBIKE CO.,LTD.
 
                    - AEON Bakery Co., Ltd.
 
                    - AEON LIQUOR CO.,LTD.
 
                    - AEON RYUKYU CO.,LTD.
 
                    - ORIGIN TOSHU CO., LTD.
 
                    - Shimizu Shoji CO., LTD.
 
                    - TOPVALU COLLECTION CO., LTD.
 
                    - Bon Belta Co., Ltd.
 
                
                
                Supermarket Business
 
                
                    - *MINISTOP CO., LTD.
 
                    - *United Super Markets Holdings Inc.
 
                    - *Maxvalu Nishinihon Co., Ltd.
 
                    - *Maxvalu Tohoku Co., Ltd.
 
                    - *Maxvalu Tokai Co., Ltd.
 
                    - *Maxvalu Chubu Co., Ltd.
 
                    - *Maxvalu Hokkaido Co, Ltd.
 
                    - *Maxvalu Kyushu Co., Ltd.
 
                    - A・Colle Co., LTD.
 
                    - AEON SAVEUR Co., Ltd.
 
                    - AEON BIG CO., LTD.
 
                    - AEON MARKET CO., LTD.
 
                    - KASUMI CO.,LTD.
 
                    - KOHYO CO., LTD.
 
                    - SANYO MARUNAKA CO., LTD.
 
                    - The Daiei, Inc.
 
                    - Bio C’Bon Japon CO., LTD.
 
                    - BIG-A CO.,LTD.
 
                    - My Basket CO., LTD.
 
                    - MAXVALU  KANTO CO., LTD.
 
                    - MAXVALU  NAGANO CO., LTD.
 
                    - MAXVALU  HOKURIKU CO., LTD.
 
                    - MAXVALU  MINAMI TOHOKU CO., LTD.
 
                    - The Maruetsu, Inc.
 
                    - marunaka CO., LTD.
 
                    - Red Cabbage Co., Ltd.
 
                
                  Drugstore & Pharmacy Business
                  
                    - *WELCIA HOLDINGS CO.,LTD.
 
                    -  WELCIA YAKKYOKU Co., Ltd.
 
                    - Cosmeme CO., LTD.
 
                    - SHIMIZU YAKUHIN CO., LTD.
 
                    - MARUDAI SAKURAI PHARMACY CO., LTD.
 
                    - B.B.ON Co., Ltd.
 
                    - MASAYA Co., Ltd.
 
                
                Financial Service Business
                
                  - *AEON Financial Service Co., Ltd.
 
                    - *AEON CREDIT SERVICE (ASIA) CO., LTD.
 
                    - *AEON THANA SINSAP (THAILAND) PLC.
 
                    - *AEON CREDIT SERVICE (M) BERHAD
 
                    - AEON BANK, LTD.
 
                    - AEON CREDIT SERVICE CO., LTD.
 
                    - AEON HOUSING LOAN SERVICE CO., LTD.
 
                    - AEON Product Finance Co., Ltd.
 
                    - AEON INSURANCE SERVICE CO., LTD.
 
                    - AEON Reit Management Co., Ltd.
 
                    - FeliCa Pocket Marketing Inc.
 
                    - AEON Financial Service (Hong Kong) Co., Ltd.
 
                    - AFS Corporation Co., Ltd.
 
                    
                
                
                
                
               
              
              
                
                  Shopping Center Development Business
                    - *AEON Mall Co., Ltd.
 
                    - AEON TOWN Co., Ltd.
 
                    - OPA CO., LTD.
 
                
                Service & Specialty Store Business
                [ Service Business ]
                
                    - *AEON DELIGHT CO., LTD.
 
                    - *AEON Fantasy Co., Ltd.
 
                    - *ZWEI CO., LTD.
 
                    - AEON Eaheart Co., LTD.
 
                    - AEON ENTERTAINMENT CO.,LTD.
 
                    - AEON CULTURE CO.,LTD.
 
                    - AEON COMPASS CO., LTD.
 
                    - AEON LIFE CO.,LTD.
 
                    - KAJITAKU Co., Ltd.
 
                    - Reform Studio Co., Ltd.
 
                
                [ Specialty Store Business ]
                
                    - *GFOOT CO., LTD.
 
                    - *COX CO., LTD.
 
                    - Abilities JUSCO Co., Ltd.
 
                    - AEON PET CO., LTD.
 
                    - Claire’s Nippon Co., Ltd.
 
                    - Talbots Japan Co., Ltd.
 
                    - Branshes Co., Ltd
 
                    - PRESTIGE SHOES CO., LTD.
 
                    - MIRAIYA SHOTEN CO., LTD.
 
                    - Mega Sports Co., Ltd.
 
                    - MEGA PETRO Co., Ltd.
 
                
                International Business
                [ China ]
                
                  
                  [ ASEAN ]
                
                    - AEON ASIA SDN.BHD.
 
                    - *AEON CO. (M) BHD.
 
                    - AEON BIG (M) SDN.BHD.
 
                    - AEON ORANGE COMPANY LIMITED
 
                    - AEON VIETNAM Co., LTD
 
                    - AEON (CAMBODIA)Co., Ltd.
 
                    - AEON (Thailand) CO., LTD.
 
                    - PT.AEON INDONESIA
 
                    - DONG HUNG INVESTMENT DEVELOPMENT CONSULTANCY JOINT STOCK COMPANY LIMITED
 
                    - FIRST VIETNAM INVESTMENT JOINT STOCK COMPANY
 
                
                Shared Function Companies
                
                    - AEON Integrated Business Service Co., Ltd.
 
                    - AEON AGRI CREATE Co., Ltd.
 
                    - AEON GLOBAL SCM CO., LTD.
 
                    - AEON TOPVALU CO., LTD.
 
                    - AEON.com CO., LTD.
 
                    - AEON FOOD SUPPLY Co., Ltd.
 
                    - AEON MARKETING CO., LTD.
 
                    - Cordon Vert CO., LTD.
 
                    - Research Institute For Quality Living Co., Ltd.
 
                    - AEON TOPVALU MALAYSIA SDN. BHD.
 
                    - AEON TOPVALU (HONG KONG) CO., LTD.
 
                    - AEON TOPVALU (THAILAND) CO., LTD.
 
                    - AEON TOPVALU VIETNAM COMPANY LIMITED
 
                    - AEON TOPVALU (CHINA) CO., LTD.
 
                    - Tasmania Feedlot Pty. Ltd.
 
                
                
                  * Listed Company  
                  Source: AEON Co., Ltd