AOKI Holdings Announces Summary of Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending 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 Second Quarter of the fiscal year ending March 31, 2016.
In the first half of the current fiscal year, the Japanese economy continued to recover slowly as corporate earnings grew and the number of jobs increased. However, the outlook remains unclear because of worries of an overseas economic downturn and other factors. In addition, consumer spending is sluggish mainly because of soft spending in some sectors caused mainly by weakness in personal income and the rising cost of consumer products.
In this environment, the AOKI Group implemented various measures in each business segment. Sales increased 4.5% year-on-year to 81,704 million yen. Earnings also increased significantly. Operating profit increased 46.4% to 3,681 million yen, ordinary income increased 44.6% to 3,620 million yen and profit attributable to owners of parent increased 48.8% to 2,157 million yen.
As was announced on October 29, 2015, the fiscal year sales forecast has been lowered. There are several reasons for this revision: economic and market conditions in Japan, the tendency for the Fashion Business to record the majority of its earnings in the second half of each fiscal year, a somewhat challenging environment for capturing new orders in the ANNIVERSAIRE and Bridal Business, and a reexamination of the fiscal year store opening plan and expense plan in each business. There are no revisions to operating profit, ordinary income and profit attributable to owners of parent. We have changed the store-opening plans from 25 at the beginning of the fiscal year to 24 stores for the Fashion Business and from 30 to 36 facilities for the Café Complex Operations Business.
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 November 6, 2015 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