MRO Magazine

AOKI Holdings Announces Revisions to Forecasts for the Fiscal Year Ending March 31, 2016


October 30, 2015
By Business Wire News

YOKOHAMA, Japan

AOKI Holdings Inc. (TOKYO:8214) (ISIN:JP3105400000) has revised its consolidated sales and earnings forecasts that were announced on May 8, 2015.

 

1. Revisions to consolidated first-half forecasts for the fiscal year ending March 31, 2016

(April 1, 2015 – September 30, 2015)

    Sales   Operating profit   Ordinary income  

Profit attributable to
owners of parent

 

Net income
per share

(Million yen) (Million yen) (Million yen) (Million yen) (Yen)
Previous forecast (A) 82,980 2,650 2,560 1,520 16.73

Revised forecast (B)

81,700

3,650

3,600

2,150

23.72

Change (B – A) (1,280) 1,000 1,040 630  
Percentage change (%) (1.5) 37.7 40.6 41.4  
(Reference) Previous first half
(ended September 30, 2014)
  78,213   2,515   2,504   1,449   15.90
 

2. Revisions to consolidated forecasts for the fiscal year ending March 31, 2016

(April 1, 2015 – March 31, 2016)

    Sales   Operating profit   Ordinary income  

Profit attributable to
owners of parent

 

Net income
per share

(Million yen) (Million yen) (Million yen) (Million yen) (Yen)
Previous forecast (A) 192,620 20,000 19,900 11,300 124.49

Revised forecast (B)

191,050

20,000

19,900

11,300

125.09

Change (B – A) (1,570)  
Percentage change (%) (0.8)  

(Reference) Previous fiscal year
(ended March 31, 2015)

  183,805   19,028   18,914   10,185   111.70
 

3. Reasons for revisions

(1)   As shown in the above table, the first half sales forecast is lower mainly because of a reduction in the Fashion Business sales forecast. Existing stores encountered challenges due to a shift in summer business fashion preferences and unfavorable weather. The fiscal year sales forecast is lower primarily because of the revision to first half sales.
(2) The first half operating profit and ordinary income are likely to exceed our previous forecasts mainly because of cost controls in each business and to the delay to the fiscal year’s second half in the recognition of some expenses.
There are no revisions to the fiscal year operating profit and ordinary income forecasts because of economic and market conditions in Japan and the tendency for the Fashion Business to record the majority of its earnings in the second half of each fiscal year. In addition, all businesses have reexamined expenses and the café opening plan has been revised upward in the Café Complex Operations Business.
(3) The forecast for first half profit attributable to owners of parent has been increased as shown above because of the higher forecasts for first half ordinary income. The fiscal year forecast has not been revised.
Note:   The 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