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

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

Business Wire

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)
                                                                       Net
                       Sales      Operating  Ordinary  Net       income
                                     profit      income     income     per
                                                                       share
                         (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)      
(Reference)
Results for the fiscal  160,589    17,078     17,590    9,832     118.26
year
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
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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