AOKI Holdings Announces Consolidated Financial Results for the First Quarter of the Fiscal Year Endi

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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, 201341,758 8.63,031 (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
per share

YenYen
Three months ended Jun. 30, 201343.29-
Three months ended Jun. 30, 2012 48.53 48.50
 

(2) Consolidated financial position

  Total assets Net assets Equity ratio
Million yenMillion yen%
As of Jun. 30, 2013187,931112,79660.0
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
YenYenYenYenYen
FY3/13-20.00-25.0045.00
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 half73,290 8.72,500 (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.

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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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