AOKI Holdings Announces Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2015
By Business Wire News
By Business Wire News
AOKI Holdings Inc. (TOKYO:8214) (ISIN:JP3105400000) announced its consolidated financial results for the Fiscal Year Ended March 31, 2015.
Consolidated Financial Results
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In the fiscal year that ended on March 31, 2015, the Japanese economy recovered slowly because of economic stimulus measures, monetary measures and other actions. However, consumer spending is still sluggish due to the higher cost of raw materials and consumer products caused by the weaker yen, the prolonged negative effects of the April 2014 consumption tax hike, and other signs of weakness. As a result, the outlook for the Japanese economy remains uncertain.
In this environment, the AOKI Group implemented various measures segment. Sales increased 2.4% year-on-year to 183,805 million yen but operating profit decreased 6.7% to 19,028 million yen. Ordinary income decreased 9.4% to 18,914 million yen and net income decreased 4.7% to 10,185 million yen.
In the fiscal year ending on March 31, 2016, the Japanese economy is expected to recover slowly as corporate earnings and personal income improve. But there will still be concerns about the outlook for consumer spending. Prices in Japan are increasing, chiefly for household necessities, and there are worries about the prolonged effects of consumption tax hike. The AOKI Group will use a variety of actions in response to diversifying consumer needs to respond to the changing times and operate with speed and efficiency. In addition, we will continue to open more stores and revitalize existing locations to increase our market share and become more profitable.
The full documents are available at http://ir.aoki-hd.co.jp/en/IRFiling/Results.html
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