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 firstname.lastname@example.org
AOKI Holdings Announces Revisions to Earnings Forecasts for the Fiscal Year Ended March 31, 2014
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