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  
Press spacebar to pause and continue. Press esc to stop.