AOKI Holdings Announces Consolidated Financial Results for the First Quarter of the Fiscal Year Endi
AOKI Holdings Announces Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2014
(Three Months Ended June 30, 2013)
YOKOHAMA, Japan--(BUSINESS WIRE)-- AOKI Holdings Inc. (TOKYO:8214) (ISIN:JP3105400000) announced its consolidated financial results for the First Quarter of the fiscal year ending March 31, 2014.
In the first quarter, the Japanese economy remained on a recovery path thanks to the yen's depreciation and higher share prices triggered by the government's economic policies introduced around the end of last year. However, the outlook for personal consumption remained uncertain overall despite a pick up in some areas particularly for high-end items.
In this environment, the AOKI Group implemented various measures in each business segment as discussed below and recorded higher sales and lower profits. Sales increased 8.6% year-on-year to 41,758 million yen, but operating profit decreased 4.2% to 3,031 million yen mainly due to increases in expenses related to aggressive new store openings and leading expenses for future facility-opening. Ordinary income decreased 4.1% to 3,305 million yen, and net income decreased 11.3% to 1,793 million yen. However, sales and profits trended generally in line with plans.
Consolidated Financial Results for the Three Months Ended June 30, 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 August 7, 2013 at 15:30 (GMT +9).
(All amounts are rounded down to the nearest million yen) | ||||||||||||||||
1. Consolidated Financial Results for the Three Months Ended June 30, 2013 (April 1, 2013 - June 30, 2013) | ||||||||||||||||
(1) Consolidated results of operations | (Percentages represent year-on-year changes) | |||||||||||||||
Sales | Operating profit | Ordinary income | Net income | |||||||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | |||||||||
Three months ended Jun. 30, 2013 | 41,758 | 8.6 | 3,031 | (4.2) | 3,305 | (4.1) | 1,793 | (11.3) | ||||||||
Three months ended Jun. 30, 2012 | 38,459 | 8.4 | 3,163 | 15.3 | 3,446 | 16.6 | 2,022 | 12.6 | ||||||||
Note: Comprehensive income (million yen) | Three months ended Jun. 30, 2013: | 1,898 | (up 4.7%) | ||||
Three months ended Jun. 30, 2012: | 1,814 | (up 5.3%) |
Net income per share | Diluted net income | |||
Yen | Yen | |||
Three months ended Jun. 30, 2013 | 43.29 | - | ||
Three months ended Jun. 30, 2012 | 48.53 | 48.50 | ||
(2) Consolidated financial position | ||||||
Total assets | Net assets | Equity ratio | ||||
Million yen | Million yen | % | ||||
As of Jun. 30, 2013 | 187,931 | 112,796 | 60.0 | |||
As of Mar. 31, 2013 | 193,664 | 111,484 | 57.5 | |||
Reference: Shareholders' equity (million yen) | As of Jun. 30, 2013: | 112,796 | As of Mar. 31, 2013: | 111,405 | ||||||
2. Dividends | ||||||||||
Dividend per share | ||||||||||
1Q-end | 2Q-end | 3Q-end | Year-end | Total | ||||||
Yen | Yen | Yen | Yen | Yen | ||||||
FY3/13 | - | 20.00 | - | 25.00 | 45.00 | |||||
FY3/14 | - | |||||||||
FY3/14 (forecasts) | 30.00 | - | 30.00 | 60.00 | ||||||
Note: Revisions to the most recently announced dividend forecast: None | ||||||||||
3. Consolidated Forecast for the Fiscal Year Ending March 31, 2014 (April 1, 2013 - March 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) | 39.77 | |||||||||
Full year | 175,800 | 9.5 | 18,600 | 8.9 | 19,100 | 8.6 | 10,300 | 4.8 | 248.04 | |||||||||
Note: Revisions to the most recently announced consolidated forecast: None | ||||||||||||||||||
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 United States Europe Asia Pacific North America New York Ireland Japan
INDUSTRY KEYWORDS:
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