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11.11.2013 16:00:00

AOKI Holdings Announces Summary Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2014 (Six Months Ended September 30, 2013)

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

In the first half of the current fiscal year, the Japanese economy remained on a modest recovery path thanks to the reversal of the Japanese yen's appreciation and higher share prices triggered by the government's economic policies and other factors. However, the outlook remained uncertain overall, despite a showing positive signs in personal consumption in some segments, because of delays in the recovery of incomes, rising raw materials prices, and concerns of a slowdown of the economy after the consumption tax rate is hiked.

In this environment, the AOKI Group implemented various measures in each business segment as discussed below and recorded higher sales and profits. Sales increased 8.8% year-on-year to 73,381 million yen, operating profit increased 6.2% to 3,272 million yen, ordinary income increased 11.8% to 3,648 million yen, and net income increased 2.4% to 1,946 million yen.

Consolidated Financial Results for the Six Months Ended September 30, 2013, 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 November 7, 2013 at 14:15 (GMT +9).

 

(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Six Months Ended September 30, 2013

(April 1, 2013 – September 30, 2013)

(1) Consolidated results of operations

(Percentages represent year-on-year changes)

    Sales Operating profit   Ordinary income   Net income
Million yen   % Million yen   % Million yen   % Million yen   %
Six months ended Sep. 30, 2013 73,381 8.8 3,272 6.2 3,648 11.8 1,946 2.4
Six months ended Sep. 30, 2012   67,425   8.8   3,083   34.2   3,263   15.8   1,901   23.7
Note: Comprehensive income (million yen)     Six months ended Sep. 30, 2013:     2,040 (up 15.2%)
Six months ended Sep. 30, 2012: 1,770 (up 14.7%)
 
    Net income per share   Diluted net income per share
Yen Yen
Six months ended Sep. 30, 2013 46.92 -
Six months ended Sep. 30, 2012   45.63   45.58
 

(2) Consolidated financial position

    Total assets   Net assets   Equity ratio
Million yen Million yen %
As of Sep. 30, 2013 190,954 112,936 59.1
As of Mar. 31, 2013   193,664   111,484   57.5
Reference: Shareholders’ equity (million yen)       As of Sep. 30, 2013:       112,936       As of Mar. 31, 2013:       111,405
 

2. Dividends

  Dividend per share
  1Q-end   2Q-end   3Q-end   Year-end   Total
Yen Yen Yen Yen Yen
FY3/13 - 20.00 - 25.00 45.00
FY3/14 - 30.00      
FY3/14 (forecasts)           -   30.00   60.00

Note: Revisions to the most recently announced dividend forecast: None

 

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2014 (April 1, 2013 – March 31, 2014)

(Percentages represent year-on-year changes)

  Sales   Operating profit   Ordinary income   Net income   Net income per share
  Million yen   % Million yen   % Million yen   % Million yen   % Yen
Full year   177,450   10.5   19,300   13.0   19,800   12.6   10,850   10.4   261.28

Note: Revisions to the most recently announced consolidated forecast: Yes

 

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.

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