AOKI Holdings Announces Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2014

  AOKI Holdings Announces Summary of Consolidated Financial Results for the
  Fiscal Year Ended March 31, 2014

Business Wire

YOKOHAMA, Japan -- May 13, 2014

AOKI Holdings Inc. (TOKYO:8214)(ISIN:JP3105400000) announced its consolidated
financial results for the fiscal year ended March 31, 2014.

In the fiscal year that ended on March 31, 2014, the Japanese economy
recovered on a gradual path as corporate profits increased and there were
improvements in employment and personal consumption. These improvements were
the result of the yen’s depreciation, higher share prices and other factors
associated with economic stimulus programs and monetary measures.
In this environment, the AOKI Group implemented various measures in each
business segment as discussed below. As a result, business performance in the
fiscal year under review as follows:

Sales               179,443 million yen  (up 11.7% year-on-year)
Operating profit       20,390 million yen    (up 19.4% year-on-year)
Ordinary income        20,865 million yen    (up 18.6% year-on-year)
Net income             10,684 million yen    (up 8.7% year-on-year)

Sales and profits rose to new record highs at each level for three consecutive
fiscal years.

The Company considers returning profits to shareholders to be an important
management theme, and our basic policy is to maintain stable dividends while
taking into consideration factors such as future business development,
financial structure strengthening, and the payout ratio.
The Board of Directors, at a meeting held on May 9, 2014, approved a year-end
dividend of 18 yen per share in light of the results of operations for the
fiscal year ended on March 31, 2014 and the Company's basic policy regarding
dividends. There was a two-for-one stock split on January 1, 2014. Dividend
payments prior to the adjustment for this split were 30 yen per share for the
interim dividend and the planned 36 yen per share for the year-end dividend.
This results in an annual dividend of 66 yen per share.
For dividends applicable to the fiscal year ending on March 31, 2015, we plan
to pay interim and year-end dividends of 18 yen each for a total of 36 yen per
share. This outlook is based on the target of maintaining a 30% consolidated
payout ratio in accordance with the policy of maintaining a stable dividend
and on the outlook for results of operations.

In the fiscal year ending on March 31, 2015, the Japanese economy is expected
to recover slowly as corporate profits and employment improve. But there are
still concerns about the outlook for personal consumption because of higher
costs, uncertain income situations and the possibility of slower economic
growth following the April 2014 consumption tax hike. The AOKI Group will take
a variety of actions in response to diversifying consumer needs associated
with the changing times. In addition, businesses will be operated with
flexibility and efficiency and the AOKI Group plans to open more than 100
locations. By taking these actions, we aim to become more profitable.

Consolidated Financial Results for the Fiscal Year Ended March 31, 2014,
summarized below. Complete details are available at
http://ir.aoki-hd.co.jp/en/IRFiling/Results.html

Note: The original disclosure in Japanese was released on May 9, 2014 at 14:15
(GMT +9).

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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