News Release Dated May 8, 2023
Company: AOKI Holdings Inc.
Representative: Haruo Tamura, President
Stock code: 8214, TSE Prime
Contact: Tomoki Yanagi, Managing Executive Officer,
General Manager of IR OfficeTel: +81-45-941-1388

Revisions to Consolidated Earnings Forecasts and Dividend Forecast
for the Fiscal Year Ended March 31, 2023
AOKI Holdings Inc. has revised earnings forecasts and year-end dividend forecast for the fiscal year
ended on March 31, 2023 that were announced on November 10, 2022.
1. Consolidated forecasts(1) Revisions to consolidated forecasts for the fiscal year ended March 31, 2023
(April 1, 2022 – March 31, 2023)
Net sales

OperatingprofitOrdinary
profitProfitattributableto owners ofparent

Net incomeper share

Million yen

Million yen

Million yen

Million yen

Yen

Previous forecast (A)172,700

8,800

8,150

4,100

48.29

Revised forecast (B)176,170

10,200

8,400

5,600

65.96

3,470

1,400

250

1,500

2.0

15.9

3.1

36.6

154,916

5,443

4,360

2,563

Change (B - A)
Percentage change (%)(Reference)Previous fiscal year
(ended March 31, 2022)

30.21(2) Reasons for revisions
The sales forecast is higher because of the strength of market conditions in the Fashion Business caused
primarily by the upturn in economic activity following the gradual lifting of pandemic restrictions. The
upward sales revision also reflects the strength of several market categories, including the “freshers”
category (first-year students and employees), and the strong performance of the Entertainment Business.
The upward revision of the operating profit forecast is mainly the result of sales growth and the ability
to maintain gross profit by using measures involving sales to offset the rising cost of procuringmerchandise in the Fashion Business.
The ordinary profit forecast is higher because of the increase in the operating profit forecast. This forecast
also reflects an increase in the loss on the retirement of non-current assets associated with the ongoing
major remodeling of the Omotesando location of the ANNIVERSAIRE and Bridal Business.
The forecast revision for profit attributable to owners of parent is mainly the result of an increase in theimpairment loss, a gain on the reversal of share acquisition rights and other extraordinary income, and adecrease in income taxes primarily because of deferred tax assets.

1/2

2. Dividend forecast(1) Revisions to year-end dividend forecast
Dividend per share
2Q-endYear-end
Yen

Total
Yen

Yen

Previous forecast

10.00

17.00

Revised forecast

13.00

20.00

5.00

10.00

Current fiscal year results(Reference)Previous fiscal year
(ended March 31, 2022)

7.00
5.00

(2) Reasons for revisions
As stated in “1. Consolidated forecasts,” AOKI Holdings expects its results of operations for the fiscal
year ended March 31, 2023 to be above the forecast.
Under these circumstances, in appreciation of our shareholders’ ongoing support, we havecomprehensively taken into account the earnings outlook, the status of funding, dividend payout ratio
and other factors, and have increased the year-end dividend forecast by 3 yen to 13 yen per share, for anannual dividend of 20 yen per share, including an interim dividend of 7 yen per share.
Note: Above forecasts are based on judgments made in accordance with information available tomanagement at the time this release was prepared, and actual results may differ substantially fromthese forecasts for a number of reasons. An announcement will be made promptly if there is any
significant new information concerning these forecasts.

2/2