Home / Knowledge / News / Apparel/Garments / AOKI Holdings Q3 FY14 sales mounts 9%
AOKI Holdings Q3 FY14 sales mounts 9%
11
Feb '14
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.
 

AOKI Holdings


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search