Home / Knowledge / News / Apparel/Garments / AOKI Holdings operating profit augments 19.4% for FY'14
AOKI Holdings operating profit augments 19.4% for FY'14
14
May '14
AOKI Holdings Inc. 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. Sales and profits rose to new record highs at each level for three consecutive fiscal years.
 
Business performance in the fiscal year:
-Sales increased to 179,443 million yen (up 11.7% year-on-year)
-Operating profit increased to 20,390 million yen (up 19.4% year-on-year)
-Ordinary income was on rise at 20,865 million yen (up 18.6% year-on-year)
-Net income also boosts to 10,684 million yen (up 8.7% year-on-year)
 
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 efficiencyand the AOKI Group plans to open more than 100 locations. By taking these actions, we aim to become more profitable.
 
 

AOKI Holdings

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search