AOKI Holdings Announces Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2014 (Three Months Ended June 30, 2013)

AOKI Holdings Inc. (TOKYO:8214) (ISIN:JP3105400000) announced its consolidated financial results for the First Quarter of the fiscal year ending March 31, 2014.

In the first quarter, the Japanese economy remained on a recovery path thanks to the yen's depreciation and higher share prices triggered by the government's economic policies introduced around the end of last year. However, the outlook for personal consumption remained uncertain overall despite a pick up in some areas particularly for high-end items.

In this environment, the AOKI Group implemented various measures in each business segment as discussed below and recorded higher sales and lower profits. Sales increased 8.6% year-on-year to 41,758 million yen, but operating profit decreased 4.2% to 3,031 million yen mainly due to increases in expenses related to aggressive new store openings and leading expenses for future facility-opening. Ordinary income decreased 4.1% to 3,305 million yen, and net income decreased 11.3% to 1,793 million yen. However, sales and profits trended generally in line with plans.

Consolidated Financial Results for the Three Months Ended June 30, 2013, summarized below. Complete details are Available at: http://ir.aoki-hd.co.jp/en/IRFiling/Results.html

Note: The original disclosure in Japanese was released on August 7, 2013 at 15:30 (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.