AOKI Holdings Announces Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2017

YOKOHAMA, Japan--()--AOKI Holdings Inc. (TOKYO:8214) (ISIN:JP3105400000) announced its consolidated financial results for the Fiscal Year Ended March 31, 2017.

In the fiscal year that ended on March 31, 2017, the Japanese economy continued to recover slowly along with improvements in jobs and personal income. However, the outlook for the economy is unclear because of uncertainty about overseas economies and sluggish consumer spending in Japan caused in part by slowing growth in real income. In this environment, the AOKI Group implemented various measures in each business segment. As a result, business performance in the fiscal year under review is as follows:

Sales

   

194,046 million yen (up 2.9% year-on-year)

Operating profit

14,447 million yen (down 18.8% year-on-year)

Ordinary profit

13,895 million yen (down 21.2% year-on-year)

Profit attributable to owners of parent

7,355 million yen (down 24.3% year-on-year)

 

In the fiscal year ending on March 31, 2018, we expect the Japanese economy to continue to recover slowly. But the outlook remains uncertain primarily because of overseas political and economic events and exchange rate movements. The AOKI Group will use a variety of actions to respond to diversifying consumer needs as well as to operate with even greater efficiency. There will also be many initiatives to revitalize existing locations and build a more powerful infrastructure.

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 May 11, 2017 at 14:15 (GMT +9).

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.

Contacts

AOKI Holdings Inc.
Yumiko Kawai, +81-45-941-1388
Investor/Public Relations Department
kawai.yumiko@aoki-hd.co.jp

Contacts

AOKI Holdings Inc.
Yumiko Kawai, +81-45-941-1388
Investor/Public Relations Department
kawai.yumiko@aoki-hd.co.jp