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

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 profit

17,078 million yen

(up 24.1% year-on-year)

Ordinary income

17,590 million yen

(up 20.6% year-on-year)

Net income

9,832 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

%

FY3/13

160,589

9.5

17,078

24.1

17,590

20.6

9,832

38.7

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

Yen

Yen

%

%

%

FY3/13

236.51

235.82

9.1

9.5

10.6

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 yen

Million yen

%

Yen

As of Mar. 31, 2013

193,664

111,484

57.5

2,698.98

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 yen

Million yen

Million yen

Million yen

FY3/13

16,665

(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

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

FY3/12

-

15.00

-

20.00

35.00

1,473

20.9

1.5

FY3/13

-

20.00

-

25.00

45.00

1,865

19.0

1.7

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 half

73,290

8.7

2,500

(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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