AOKI Holdings Announces Consolidated Financial Results for the Fiscal Year Ended March 31, 2013

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AOKI Holdings Announces Consolidated Financial Results for the Fiscal Year Ended March 31, 2013

YOKOHAMA, Japan--(BUSINESS WIRE)-- AOKI Holdings Inc. (TOKYO:8214)(ISIN:JP3105400000) announced its consolidated financial results for the fiscal year ended March 31, 2013.

In the fiscal year under review, the Japanese economy initially decelerated further due to the impact of slowing overseas economies and the yen's protracted appreciation, but consumer sentiment improved from around the end of 2012 as expectations over the government's economic policies caused the yen to depreciate and share prices to rise.


In the menswear retail industry, personal consumption did not recover as employment and income conditions remained harsh, but sales of heavy and warm clothes were solid from autumn due to lower-than-average temperatures as were sales in spring to "freshers," men and women entering university or the workforce for the first time.

In this environment, the AOKI Group implemented various measures in each business segment to respond to the changing environment and focused on evolving its business formats in pursuit of further growth.

As a result of these initiatives, business performance in the fiscal year under review as follows:

Sales 160,589 million yen (up 9.5% year-on-year)
Operating profit17,078 million yen(up 24.1% year-on-year)
Ordinary income17,590 million yen(up 20.6% year-on-year)
Net income9,832 million yen(up 38.7% year-on-year)
 

Profits rose sharply to new record highs at each level following the previous fiscal year.

Consolidated Financial Results for the Fiscal Year Ended March 31, 2013, summarized below. Complete details are available at http://ir.aoki-hd.co.jp/en/IRFiling/Results.html

 

Note: The original disclosure in Japanese was released on May 10, 2013 at 14:15 (GMT +9).

(All amounts are rounded down to the nearest million yen)

 

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2013 (Apr. 1, 2012 - Mar. 31, 2013)

(1) Consolidated results of operations

 

 (Percentages shown for sales and incomes represent year-on-year changes)

  Sales Operating profit Ordinary income Net income
Million yen %Million yen %Million yen %Million yen %
FY3/13160,5899.517,07824.117,59020.69,83238.7
FY3/12 146,591 10.6 13,766 25.7 14,584 21.0 7,087 98.3
Note: Comprehensive income (million yen) FY3/13: 10,511 (up 44.2%)    FY3/12: 7,287 (up 122.4%)
 
  

Net income per share

 

Diluted net income
per share

 Return on equity 

Ordinary income
on total assets

 

Operating profit to
sales

YenYen%%%
FY3/13236.51235.829.19.510.6
FY3/12 167.07 - 7.0 8.5 9.4
Reference: Equity in income of affiliates (million yen) FY3/13: -    FY3/12: -
 

(2) Consolidated financial position

  Total assets Net assets Equity ratio Net assets per share
Million yenMillion yen%Yen
As of Mar. 31, 2013193,664111,48457.52,698.98
As of Mar. 31, 2012 176,779 103,994 58.6 2,485.94
Reference: Shareholders' equity (million yen)  As of Mar. 31, 2013: 

111,405

    

As of Mar. 31, 2012:

 103,589
 

(3) Consolidated cash flow position

  

Cash flows from
operating activities

 

Cash flows from
investing activities

 

Cash flows from
financing activities

 

Cash and cash equivalents
at end of period

Million yenMillion yenMillion yenMillion yen
FY3/1316,665(16,402)(975)22,396
FY3/12 17,274 (9,044) (3,371) 23,108
 

2. Dividends

 Dividend per share 

Total
dividends

 

Dividend payout
ratio
(consolidated)

 

Dividend on
equity
(consolidated)

 1Q-end 2Q-end 3Q-end Year-end Total
YenYenYenYenYenMillion yen%%
FY3/12-15.00-20.0035.001,47320.91.5
FY3/13-20.00-25.0045.001,86519.01.7
FY3/14 (forecasts) - 30.00 - 30.00 60.00 

 

 24.0  
 

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2014 (Apr. 1, 2013 - Mar. 31, 2014)

(Percentages represent year-on-year changes)

 Sales Operating profit Ordinary income Net income Net income per share
 Million yen %Million yen %Million yen %Million yen %Yen
First half73,2908.72,500(18.9)2,950(9.6)1,650(13.2)39.97
Full year 175,800 9.5 18,600 8.9 19,100 8.6 10,300 4.8 249.53
 

AboutAOKI Group

As a corporate group that continues to break the mold and innovate, The AOKI Group has worked to meet the needs of customers in a variety of life scenes. This has led to our expansion into new markets, including the bridal and entertainment businesses.



AOKI Holdings Inc.
Yumiko Kawai, +81-45-941-1388
Investor/Public Relations Department
kawai.yumiko@aoki-hd.co.jp

KEYWORDS:   United Kingdom  Europe  Asia Pacific  Japan

INDUSTRY KEYWORDS:

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