YOKOHAMA, Japan--(BUSINESS WIRE)--AOKI Holdings Inc. (TOKYO:8214)(ISIN:JP3105400000) has reviewed current trends in its performance and revised its full-year earnings forecasts and the year-end dividend forecasts for the fiscal year ending March 31, 2013 that were announced on November 8, 2012.
1. Revisions to consolidated full-year forecasts for the fiscal year ending March 31, 2013
(April 1, 2012 – March 31, 2013)
|Sales||Operating profit||Ordinary income||Net income||
Net income per
|(Million yen)||(Million yen)||(Million yen)||(Million yen)||(Yen)|
|Previous forecast (A)||155,830||15,200||15,700||8,250||197.98|
|Revised forecast (B)||157,270||15,900||16,350||8,700||210.08|
|Change (B - A)||1,440||700||650||450|
|Percentage change (%)||0.9||4.6||4.1||5.5|
2. Reasons for revisions
(1) Sales in the current fiscal year are likely to exceed AOKI's previous forecast, and reach a record high, due to strong sales in the Fashion Business, particularly in November which was unusually cold, of hybrid suits, our core product lineup which emphasizes both design and sewing technology, and coats and warm clothes; also, sales of ladies' wear remained strong.
(2) Operating profit, ordinary income, and net income in the current fiscal year are also likely to exceed our previous forecasts and reach record high levels as they reached record highs in the first nine months of the fiscal year reflecting higher sales.
Note: Above forecasts are based on judgments made in accordance with information available to management at the time this release was prepared, and actual results may differ substantially from these forecasts for a number of reasons.
3. Revisions to dividend forecasts
|Dividend per share|
Current fiscal year
(ending March 31, 2013)
Previous fiscal year
(ended March 31, 2012)
4. Reasons for revisions
AOKI Holdings consider distributing profits 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.
AOKI Holdings' performance in the fiscal year ending March 31, 2013 is expected to exceed our previous forecast and reach new records. Due to this outlook and our basic policy regarding dividends, we have decided to raise the year-end dividend by 5 yen per share to 25 yen per share. The dividend increase is also an expression of our appreciation for the continuing support of shareholders. As a result, the total dividend, including the 20 yen per share interim dividend, for the fiscal year that ending on March 31, 2013 will be 45 yen per share.
Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2013, summarized below. Complete details are available at: http://ir.aoki-hd.co.jp/en/IRFiling/Results.html
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.