AOKI Holdings Inc. announced its consolidated financial results for the Third Quarter of the fiscal year ending March 31, 2014.
In the first nine months of the current fiscal year, the Japanese economy remained on a gradual recovery path supported by the recovery in the US economy, yen depreciation, higher share prices, an improvement in corporate profits particularly in the export sector, and a pick-up in personal consumption.
However, the outlook for the economy remained uncertain due to delays in the recovery of personal incomes, rising purchase costs from the yen’s depreciation, and concerns about an impact from the scheduled hike of the consumption tax rate.
In this environment, the AOKI Group implemented various measures in each business segment as discussed below and recorded higher sales and lower profits due to an increase in new store openings and other factors. Sales increased 9.0% year-on-year to 123,067 million yen, operating profit decreased 4.0% to 9,224 million yen, ordinary income decreased 3.1% to 9,627 million yen, and net income decreased 6.2% to 5,491 million yen.
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.