AOKI Holdings Announces Revisions to Earnings Forecasts for the Fiscal Year Ending March 31, 2014

  AOKI Holdings Announces Revisions to Earnings Forecasts for the Fiscal Year
  Ending March 31, 2014

Business Wire

YOKOHAMA, Japan -- October 31, 2013

AOKI Holdings Inc. (TOKYO:8214) (ISIN:JP3105400000) has revised its first-half
earnings forecasts for the fiscal year ending March 31, 2014 that was
announced on May 10, 2013.

        
1. Revisions to consolidated first-half forecasts for the fiscal year ending
March 31, 2014
(April 1, 2013 – September 30, 2013)
                                                                        Net
                      Sales      Operating    Ordinary  Net       income
                                    profit        income     income     per
                                                                        share
                        (Million    (Million      (Million   (Million   (Yen)
                        yen)        yen)          yen)       yen)
Previous forecast (A)   73,290      2,500         2,950      1,650      39.77
Revised forecast (B)    73,380      3,270         3,650      1,950      47.00
Change (B - A)          90          770           700        300        
Percentage change (%)   0.1         30.8          23.7       18.2       
(Reference)
Previous first half    67,425     3,083        3,263     1,901     45.63
(ended Sep. 30, 2012)


2. Reasons for revisions
      As shown in the above table, sales are likely to exceed our previous
      forecast for a number of reasons. In the Fashion Business, the lineup of
(1)  men’s and women’s Cool Biz products was strengthened, primarily for
      functional products, and the 35 newly opened stores are performing well.
      In the Café Complex Operations Business, sales at existing stores were
      strong.
      Operating profit and ordinary income are also likely to exceed our
(2)   previous forecast mainly because of the benefits of cost controls in the
      Fashion Business and contribution from the Café Complex Operations
      Business.
(3)   Finally, net income is also likely to exceed our previous forecast
      mainly because of the higher ordinary income forecast.
We are currently examining the full-year earnings forecasts and plan to
announce these forecasts when first-half results are released on November 7,
2013 (Thursday).

      
        Above forecasts are based on judgments made in accordance with
Note:   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.

Contact:

AOKI Holdings Inc.
Yumiko Kawai, +81-45-941-1388
Investor/Public Relations Department
kawai.yumiko@aoki-hd.co.jp
 
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