AOKI Holdings Announces Revisions to Full-year Earnings Forecasts for the Fiscal Year Ended March 31, 2013
YOKOHAMA, Japan--(BUSINESS WIRE)-- AOKI Holdings Inc. (TOKYO:8214)(ISIN:JP3105400000) has revised its full-year earnings forecasts for the fiscal year ended March 31, 2013 that were announced on February 7, 2013.
1. Revisions to consolidated full-year forecasts for the fiscal year ended March 31, 2013
Net income per share
Previous forecast (A)
Revised forecast (B)
Change (B - A)
Percentage change (%)
2. Reasons for revisions
As shown in the above table, sales in the current fiscal year are likely to exceed our previous forecast and reach a record high, mainly due to strong existing-store sales in the Fashion Business where we promoted functional products and bolstered "freshers" sales promotions for young men and women entering university or the workforce for the first time.
Operating profit and ordinary income are also likely to exceed our previous forecasts and reach record high levels reflecting greater sales, but also an improvement in the gross profit margin due to an increase in average sales per item in the Fashion Business, and cost-cutting in the ANNIVERSAIRE and Bridal Business.
Lastly, net income is also likely to exceed our previous forecast and reach a record high reflecting greater ordinary income, but also fewer-than-expected impairment losses thanks to firm existing-store sales.
Above forecasts are based on judgments made in accordance with information available to management at the time this release was prepared, and actual results may differ substantially from these forecasts for a number of reasons.
About AOKI 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
KEYWORDS: United Kingdom Europe Asia Pacific Japan
The article AOKI Holdings Announces Revisions to Full-year Earnings Forecasts for the Fiscal Year Ended March 31, 2013 originally appeared on Fool.com.
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