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

AOKI Holdings Inc. (TOKYO:8214) (ISIN:JP3105400000) announced its consolidated financial results for the First Quarter of the fiscal year ending March 31, 2017.

In the first quarter of the fiscal year, the Japanese economy remained lackluster as the yen’s strength and other events created worries about declining corporate earnings and consumer spending was sluggish. Furthermore, due to instability overseas and other factors, the outlook is still uncertain.

During the first quarter, sales increased 2.5% year-on-year to 46,314 million yen, but operating profit decreased 36.6% to 1,650 million yen. Ordinary income decreased 37.7% to 1,629 million yen and profit attributable to owners of parent decreased 52.9% to 870 million yen.

We have maintained the forecast that was announced on May 12, 2016, because the results of operations in the first quarter under review were generally in line with the forecast.

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 August 5, 2016 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.

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