In the first nine months of the current fiscal year, the Japanese economy recovered slowly along with improvements in corporate earnings, jobs and personal income. However, consumer spending remained sluggish mainly because consumers are reluctant to spend money. The outlook for the economy is unclear in part due to overseas political and economic events.
During the first nine months, the AOKI Group implemented various measures in all business segments. Sales increased 1.8% year-on-year to 133,404 million yen, but operating profit decreased 48.7% to 4,259 million yen. Ordinary income decreased 51.3% to 3,972 million yen and profit attributable to owners of parent decreased 51.9% to 2,271 million yen.
Results of operations in the first nine months under review were less than the forecast. However, we have maintained the forecast that was announced on November 10, 2016, because of the tendency for the Fashion Business to record the majority of its earnings in the fourth quarter.
The full documents are available at http://ir.aoki-hd.co.jp/en/IRFiling/Results.html
Note: The original disclosure in Japanese was released on February 9, 2017 at 15:30 (GMT +9).
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.