AOKI Holdings Announces Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2016
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, 2016.
In the fiscal year that ended on March 31, 2016, the Japanese economy was in a moderate recovery phase, due in part to improvements in corporate earnings and employment conditions. However, the sense of business stagnation mounted toward the end of the fiscal year, due to deceleration in emerging market economies, yen appreciation and other factors. In addition, there remains a lack of underlying strength in personal consumption, and the outlook remains opaque.
In this environment, the AOKI Group implemented various measures in each business segment. As a result, business performance in the fiscal year under review is as follows:
188,594 million yen
(up 2.6% year-on-year)
17,789 million yen
(down 6.5% year-on-year)
17,627 million yen
(down 6.8% year-on-year)
Profit attributable to owners of parent
9,711 million yen
(down 4.7% year-on-year)
In the fiscal year ending on March 31, 2017, we expect the Japanese economy to remain in a modest recovery phase, underpinned by improvements in the employment and income situation, as well as various government measures. At the same time, the outlook is likely to remain unpredictable due to overseas economic and exchange rate trends, as well as moves to raise the consumption tax rate in Japan. 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 build a more powerful infrastructure.
The full documents are available at http://ir.aoki-hd.co.jp/en/IRFiling/Results.html
Note: The original disclosure in Japanese was released on May 12, 2016 at 14:15 (GMT +9).
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