In the first half of the current fiscal year, the Japanese economy continued to recover slowly as corporate earnings grew and the number of jobs increased. However, the outlook remains unclear because of worries of an overseas economic downturn and other factors. In addition, consumer spending is sluggish mainly because of soft spending in some sectors caused mainly by weakness in personal income and the rising cost of consumer products.
In this environment, the AOKI Group implemented various measures in each business segment. Sales increased 4.5% year-on-year to 81,704 million yen. Earnings also increased significantly. Operating profit increased 46.4% to 3,681 million yen, ordinary income increased 44.6% to 3,620 million yen and profit attributable to owners of parent increased 48.8% to 2,157 million yen.
As was announced on October 29, 2015, the fiscal year sales forecast has
been lowered. There are several reasons for this revision: economic and
market conditions in Japan, the tendency for the Fashion Business to
record the majority of its earnings in the second half of each fiscal
year, a somewhat challenging environment for capturing new orders in the
ANNIVERSAIRE and Bridal Business, and a reexamination of the fiscal year
store opening plan and expense plan in each business. There are no
revisions to operating profit, ordinary income and profit attributable
to owners of parent. We have changed the store-opening plans from 25 at
the beginning of the fiscal year to 24 stores for the Fashion Business
and from 30 to 36 facilities for the Café Complex Operations Business.
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 November 6, 2015 at 14:15 (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.