MRO Magazine

AOKI Holdings Announces Revisions to Earnings Forecasts for the Fiscal Year Ended March 31, 2015


April 30, 2015
By Business Wire News

YOKOHAMA, Japan

AOKI Holdings Inc. (TOKYO:8214) (ISIN:JP3105400000) has revised its consolidated earnings forecasts for the fiscal year ended March 31, 2015 that was announced on February 6, 2015.

 

1. Revisions to consolidated earnings forecasts for the fiscal year ended March 31, 2015

(April 1, 2014 – March 31, 2015)

    Sales   Operating profit   Ordinary income   Net income  

Net income per
share

(Million yen) (Million yen) (Million yen) (Million yen) (Yen)
Previous forecast (A) 183,970 18,000 17,950 9,800 107.48
Revised forecast (B) 183,800 19,000 18,900 10,180 111.64
Change (B – A) (170) 1,000 950 380  
Percentage change (%) (0.1) 5.6 5.3 3.9  
(Reference)
Previous fiscal year
(ended March 31, 2014)
  179,443   20,390   20,865   10,684   127.70
 

2. Reasons for revisions

(1) As shown in the above table, sales are likely to fall short of our previous forecast. There were slowdown in the Fashion Business following the spike in demand as consumers rushed to make purchases prior to the consumption tax hike. Existing-store sales remained generally in line with our forecast.

(2) Operating profit and ordinary income are likely to exceed our previous forecasts mainly due to cost controls in each business.

(3) Net income are also expected to exceed our previous forecast as shown above. The ordinary income forecast has been increased, while tax expenses increased due to reversal of deferred tax assets following tax law revisions in 2015.

Note: 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
kawai.yumiko@aoki-hd.co.jp