Aoki holdings reports strong Q2 performance, raises full-year outlook

Aoki Holdings achieved a 1.3% increase in net sales to JPY 84.0 bn for the second quarter (interim period) of the fiscal year ending March 2026, marking its fifth consecutive period of growth. Operating profit stood at JPY 3.9 bn, a 5.6% decrease, while ordinary profit reached JPY 3.7 bn, down 1.7%, primarily due to increased selling, general, and administrative expenses. Net income attributable to owners of the parent was JPY 1.8 bn, a 32.4% decrease, impacted by a reduction in special gains and an increase in tax expenses.

The entertainment business was a key driver, with net sales increasing by 0.4% to JPY 38.8 bn and operating profit rising by 4.5% to JPY 4.6 bn, achieving record highs for an interim period. This was attributed to increased customer spending and strong existing store performance. The fashion business saw sales grow by 1.0% to JPY 38.6 bn, but operating loss widened to JPY (834) m due to rising personnel and store opening costs.

Aoki Holdings has revised its full-year forecast, projecting net sales of JPY 196.0 bn (up 1.7%) and an operating profit of JPY 17.0 bn (up 8.6%). The company aims for a dividend payout ratio of 50% or more, or a DOE of 3% or more, and a total shareholder return ratio of 70% or more for the medium-term management plan period.