AOKI Holdings Inc. Board of Directors approved a resolution on February 17, 2014 to sell treasury stock and conduct a secondary offering of stock.
The AOKI Group operates a number of businesses that reach rank among the leaders in their respective industries. Operations as of February 17, 2014 include the Fashion Business, which has 642 AOKI and ORIHICA branded stores that sell mainly men’s and women’s clothing; the ANNIVERSAIRE and Bridal Business, which operates 14 wedding facilities and other facilities.
The Karaoke Facility Operations Business, which has 156 COTE D’AZUR branded locations; and the Café Complex Operations Business, which has 228 locations that include KAIKATSU CLUB facilities that provide relaxing spaces with Internet access, comics, magazines, massage chairs and other amenities.
Sustaining the growth of the Group’s businesses will require the consistent growth of existing stores along with opening many new locations in Japan, including in regions where the Group does not currently operate, in order to increase market share. In the current fiscal year, the Fashion Business plans to open 91 stores, an all-time high for a fiscal year, and 34 new locations are planned in the Karaoke Facility Operations Business and Café Complex Operations Business. I
n the ANNIVERSAIRE and Bridal Business, operations started in February 2014 at ANNIVERSAIRE MINATO MIRAI YOKOHAMA, which is one of the largest wedding and reception facilities in Japan. In the fiscal year ending on March 31, 2015, more than 100 stores and other facilities of the Group are to be opened or renovated.
Funds procured from this sale of treasury stock will be used for measures aimed at achieving more growth in all of the Group’s businesses. Specifically, expenditures are planned for new stores, renovations to adapt to changes in market conditions and IT systems for improving efficiency in the Fashion Business as this business grows. The objective is to further increase corporate value by building a sound foundation for raising the market share of each business and sustaining growth.