MRO Magazine

AOKI Holdings Announces Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2016


February 5, 2016
By Business Wire News

YOKOHAMA, Japan

AOKI Holdings Inc. (TOKYO:8214) (ISIN:JP3105400000) announced its consolidated financial results for the Third Quarter of the Fiscal Year Ending March 31, 2016.

In the first nine months of the current fiscal year, the Japanese economy on the whole continued to recover slowly. However, the outlook remains unclear because of worries of an overseas economic downturn and other factors. Although consumer spending is benefitting from improvement in income and employment, effects of higher food and other prices and an abnormally warm winter are surfacing. As a result, the economy is at a standstill.

In this environment, the AOKI Group implemented various measures in each business segment. Sales increased 2.8% year-on-year to 131,030 million yen, but operating profit decreased 3.2% to 8,311 million yen. Ordinary income decreased 4.2% to 8,164 million yen and profit attributable to owners of parent decreased 5.7% to 4,720 million yen.

Results of operations in the first nine months under review were slightly less than the forecast. However, we have maintained the forecast that was announced on November 6, 2015, because of the tendency for the Fashion Business to record the majority of its earnings in the fourth quarter.

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 February 5, 2016 at 15:30 (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
kawai.yumiko@aoki-hd.co.jp