AOKI Holdings Announces Revisions to Earnings Forecasts for the Fiscal Year
Ended March 31, 2014
YOKOHAMA, Japan -- May 1, 2014
AOKI Holdings Inc. (TOKYO:8214) (ISIN:JP3105400000) has revised its
consolidated earnings forecasts for the fiscal year ended March 31, 2014 that
was announced on February 7, 2014.
1. Revisions to consolidated earnings forecasts for the fiscal year ended
March 31, 2014
(April 1, 2013 – March 31, 2014)
Sales Operating Ordinary Net income
profit income income per
(Million (Million (Million (Million (Yen)
yen) yen) yen) yen)
Previous forecast (A) 177,450 19,300 19,800 10,850 130.64
Revised forecast (B) 179,450 20,390 20,860 10,680 127.64
Change (B - A) 2,000 1,090 1,060 (170)
Percentage change (%) 1.1 5.6 5.4 (1.6)
Results for the fiscal 160,589 17,078 17,590 9,832 118.26
ended March 31, 2013
There was a 1-to-2 common stock split on January 1, 2014. Net income
Note: per share has been calculated as if this stock split had taken place
at the beginning of the fiscal year ended March 31, 2013.
2. Reasons for revisions
As shown in the above table, sales are likely to exceed our previous
forecast and reach a record high, mainly due to the strong sales of
(1) men’s and women’s “freshers” items in the Fashion Business. The rush to
make purchases in March prior to the April 2014 consumption tax hike is
another reason for the sales forecast revision.
Operating profit and ordinary income are also likely to exceed our
(2) previous forecasts and reach record high levels because of higher sales
and other factors.
Although the ordinary income forecast has been increased, the net income
(3) forecast is lower mainly because of higher asset impairment losses
associated with idle assets. Despite this decrease, net income is
expected to climb to a record high.
Note: Above forecasts are based on judgments made in accordance with
information available to management at the time this release was prepared, and
actual results may differ substantially from these forecasts for a number of
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
AOKI Holdings Inc.
Yumiko Kawai, +81-45-941-1388
Investor/Public Relations Department
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