Integrated Report 2022
AOKI Holdings Inc.
Head office: 6-56 Kuzugaya, Tsuzuki-ku, Yokohama 224-8588 Japan
Tel: +81-45-941-1888https://www.aoki-hd.co.jp/en/
INDEX
Profile
02 AOKI Group Philosophy
- Our Journey of Value Creation
- Group Overview
- Financial and Non-financial Highlights
Growth Strategy
- Message from the President
- Value Creation Model
- Special Feature: Strengthening Sustainability Management
Business Overview
17 Highlights
19 Fashion Business
- Anniversaire and Bridal Business
- Entertainment Business
Profile
AOKI Group Philosophy
Business Integrity | Social Responsibility | Community Service |
Business integrity means | Social responsibility means, on | Community service means |
contributing to society through | top of pursuing business | contributing to society in |
our businesses. | integrity, balancing realistic price | non-commercial ways, |
In other words, we make every | and appropriate profit. | for instance, by sponsoring |
effort to pursue customer | In other words, we further | charities, supporting cultural |
satisfaction. | contribute to society through | activities which is beneficial to local |
paying taxes. | communities, and encouraging | |
employees to volunteer. |
Business Concept
Enriching people's lives
The Basis of Sustainability Management
- Sustainability Vision
- AOKI Group Management Philosophy and Approach to Sustainability
- Materiality and KPIs
- Environment
- Social
- Governance
- Directors/Auditors
37 Corporate Information
Customers | |
Trading | Local |
partners | communities |
Enriching |
people's lives
Shareholders | Group |
and | |
employees | |
investors | |
The starting point is the desire from our founding to make it possible for businesspersons to afford to own a variety of suits.
We will contribute to the happiness of all our stakeholders through diverse businesses designed to help people celebrate their lives in various settings.
Editorial Policy
The Integrated Report 2022 provides business results and financial information for the AOKI Group and includes our approach to resolving social issues through business activities and achieving sustainable growth through environmental, social and governance (ESG) activities. We hope that our shareholders, investors and other stakeholders will use it to better understand the AOKI Group.
Scope: AOKI Holdings and its three consolidated subsidiaries
Period: April 1, 2021 to March 31, 2022
Also includes some content from after April 1, 2022.
Positioning of Integrated Report 2022
Financial Information | Non-financial Information | |||
IR Website | Sustainability Website | |||
Securities Report/ | ||||
Corporate Governance | ||||
Quarterly Report | Integrated | Report | Report | |
2022 | ||||
Summary of Financial Results | ||||
Business Report
Group Logo
The Group logo employs the infinity symbol to represent our pursuit of "Business Integrity," "Social Responsibility," and "Community Service," which are the three pillars of the AOKI Group philosophy, and expresses the limitless capabilities and possibilities of the Group.
01 AOKI Holdings Inc. | Integrated Report 2022 02 |
Our Journey of Value Creation
We are always creating new
FY3/ 2001
Other
FY3/ 2009 |
Entertainment |
Real Estate Leasing Business
FY3/ 2022
value in response to the times
The AOKI Group was founded in 1958 as a business dealing with out-of-store sales of men's clothing. Since that time, we have engaged in business activities to provide our customers with happiness and inspiration.
7.1%
Entertainment Business
2.5%
Anniversaire and Bridal Business
4.5%
Fashion Business
85.9%
Consolidated |
net sales |
¥72.5 |
billion |
Business | |||||||
16.6% | |||||||
Consolidated | |||||||
Anniversaire and | net sales | ||||||
Bridal Business | ¥132.0 | ||||||
17.3% | |||||||
billion | |||||||
Fashion Business | |||||||
66.1% |
2.8%
Entertainment Business
36.1%
Anniversaire and Bridal Business
5.0%
Fashion Business
56.1%
Consolidated |
net sales |
¥154.9 |
billion |
Over the more than 65 years that have passed, the times have changed, and values and lifestyles have grown more diverse. In the midst of this, we strive to create happiness for people by creating new businesses.
Commences consolidated accounting
Entertainment Business Anniversaire and Bridal Business
Becomes pure holding company
Real Estate Leasing Business
Fashion Business
1958 1965
FoundingShinonoi-Ekimae store is
opened
1971
Nagano-Ekimae store is opened
1979
Full-scale chain store development is started Nagano Minami Takada store is opened
1981
Partnership is established with haute couture designer in Milan, Italy Original brand is rolled out
1986
Yokohama Kohoku Main Store, one of the largest in the metropolitan area, is opened Head office is relocated to Yokohama
1991
Listed on the First Section of the Tokyo Stock Exchange
1996
Wool recycling system is developed
1998
Anniversaire and Bridal Business is launched
ANNIVERSAIRE OMOTESANDO is opened
1998
Entertainment Business is launched
First COTE D'AZUR karaoke facility is opened
2002
Ladies' suits are rolled out at some stores (custom orders)
2003
First KAIKATSU CLUB café complex is opened
2003
Joint industry-academia R&D is launched
2003
First ORIHICA store is opened as a new line of fashion business
2008
AOKI transitions to a pure holding company structure
2009
Sales of washable suits (Premium Wash Suit) are launched
2013
Group reaches a total of 1,000 stores
2014
Flagship ANNIVERSAIRE MINATO MIRAI YOKOHAMA is opened
2018
60th anniversary of founding
2018
Construction of new head office is completed
2019
First FiT24 24/7 fitness gym is opened
2019
Real Estate Leasing Business is launched
2020
Pajamas Suit® is planned and designed
2020
New wedding style is proposed
2020
Rollout of sharing spaces
2022
Transferred to Tokyo Stock
Exchange Prime Market
1958-
Creating manufacturing and retail model, and rolling out high-quality,reasonably-priced original brand
Chain stores were rolled out in earnest to expand the scale of the business. A proprietary vertical merchandising system, which integrates everything from manufacturing to retail, was established by securing the production volume, allowing AOKI Holdings to provide high-quality suits at reasonable prices. Furthermore, AOKI Holdings focused on developing a private brand, and actively developed new suit functions and proposed new styles.
Material wealth | Spiritual happiness | |
Rapid economic growth | Bubble economy | |
1998-
Creating new businesses for various daily life scenes against a backdrop of lifestyle diversification
AOKI Holdings began promoting business diversification, including bridal and entertainment, in the latter half of the 1990's when people's interests shifted from the tangible to the intangible.
2008-
Delivering innovations for solving new social issues such as addressing the digital society and promoting women's advancement
AOKI Holdings transitioned to a pure holding company structure. As people's lives and environments changed, we pursued enhanced mobility and greater efficiency in order to provide valuable products and services.
Progression of birthrate decline and aging of population
2020-
Creating new value according to the new normal
We will create new value according to the new normal. This will include planning and improving products corresponding to changes in business styles, strengthening online customer service, proposing new wedding styles, and introducing various content and new services.
03 AOKI Holdings Inc. | Integrated Report 2022 04 |
Group Overview
Our fields encompass a variety of occasions in people's lives.
Giving your best at work every day, giving an important presentation, studying or having fun in sharing spaces, enjoying karaoke with family or friends, maintaining your health with moderate exercise, going out on
a date with that special someone, throwing the happiest of weddings…
The AOKI Group is engaged in a wide range of businesses, from fashion and bridal to entertainment, ensuring that these various occasions of people's lives shine brightly and overflow with joy.
Fashion Business | 60's | 10's | ||
Giving customers the pleasure of | ||||
dressing well | ||||
Having a blast with | ||||
Making our customers' lives bright and full of joy through fashion... | ||||
Guided by this passion, AOKI creates and develops products that | Complementing an | close friends | ||
encompass a broad range of preferences and needs with an | already abundant life | |||
emphasis on high-quality manufacturing. We offer customers | ||||
fashion that embodies fun and value for any situation. | 50's | 20's | ||
Enriching | people's lives | |||
Entertainment Business
Providing fun in both work and play
Special places that can make our customers' lives more enjoyable and fulfilling... We provide customers with quality time and space at affordable prices through KAIKATSU CLUB, COTE D'AZUR, and FiT24.
Coordinating clothes for both work and play
Going on ordinary trips and excursions
Anniversaire and Bridal Business
Choreographing special events where customers are in the spotlight
An unforgettable day for a bride and groom, a memorable anniversary celebration for a family member, a birthday party for a friend, and many other special occasions... We are a partner in creating the happiest of weddings as well as celebrations for special occasions of all kinds.
40's | Putting on a unique, |
personalized | |
30's wedding ceremony |
1,328 | 2,988 | ||
(5,564) | |||
Number of group stores/ | Number of group employees | ||
locations | The number in parenthesis indicates the | ||
number of contract and part-time workers | |||
(yearly average), calculated based on an | |||
eight-hour workday for each employee. | |||
Fashion Business | Anniversaire and Bridal Business |
2.0%
Women in management positions within the Group
Entertainment Business
894
thousand
Number of suits sold
2,595 | 40.11 | |
million | ||
Number of | Annual number of | |
couples married per year | visiting customers | |
(KAIKATSU CLUB, COTE D'AZUR) | ||
(FY3/2022) | ||
05 AOKI Holdings Inc. | Integrated Report 2022 06 |
Financial and Non-financial Highlights
Financial | Non-financial |
Net sales
(Millions of yen) | 195,054 | ||||
200,000 | 198,417 | 180,220 | 154,916 | ||
143,169 | |||||
150,000 | |||||
100,000 | |||||
50,000 | |||||
0 | |||||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
Operating profit (loss) and operating margin
Operating profit (loss) | Operating margin | ||||
(Millions of yen) | (%) | ||||
20,000 | 15 |
14,864 13,491
10,000 | 6,649 | 5,443 | 7.5 | ||
7.5 | |||||
0 | 6.9 | 3.7 | -5,793 | 3.5 | 0 |
-10,000 | -4.0 | -5 | |||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
Interest-bearing debt and debt-to-equity ratio (D/E ratio) | Number of full-time employees | ||||||
Interest-bearing debt | D/E ratio |
(Millions of yen) | (Times) | (People) | |||||||||
75,000 | 70,477 | 0.9 | 4,500 | 4,229 | 4,175 | 4,010 | |||||
51,285 | 62,769 | 3,487 | 2,988 | ||||||||
50,000 | 45,069 | 0.6 | 0.6 | 3,000 | |||||||
42,600 | |||||||||||
0.4 | 0.5 | 1,500 | |||||||||
25,000 | 0.3 | 0.3 | 0.3 | ||||||||
0 | 0 | 0 | |||||||||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 | FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
*Starting in FY3/20, profit/loss on real estate leasing is included in operating profit/loss instead of non-operating profit/expenses. FY3/19 figures reflect this reclassification. *Figures before FY3/21 have not been retrospectively adjusted for revenue recognition accounting standards.
Profit (loss) attributable to owners of parent and profit attributable to owners of parent margin
Profit (loss) attributable to owners of parent | Profit attributable to owners of parent margin | ||||
(Millions of yen) | (%) | ||||
12,000 | 10 |
7,500 | 7,377 | 4,602 | 2,563 | 5 | ||
3.7 | 447 | |||||
0 | 2.4 | -11,931 | 1.7 | 0 | ||
-7,500 | 0.2 | -5 | ||||
-12,000 | -8.3 | -10 | ||||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
Return on assets (ROA) / Return on equity (ROE)
ROA ROE
(%)
10
5 | 5.9 | 5.0 | 2.4 | 2.0 | |
5.1 | |||||
0 | 3.2 | 1.9 | |||
0.3 | |||||
-5 | -2.8 | ||||
-10 | -9.0 | ||||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
Net assets and equity ratio
Net assets | Equity ratio |
(Millions of yen) | 145,671 | 139,209 | (%) | ||||||
150,000 | 146,528 | 125,850 127,641 | 80 | ||||||
100,000 | 61.3 | 62.7 | 60.5 | 52.9 | 54.5 | 40 | |||
50,000 | |||||||||
0 | 0 | ||||||||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
Female employees ratio | |||||
(%) | 37.5 | 36.4 | 36.2 | 37.5 | 36.2 |
40 | |||||
30 |
20
10
0
FY3/18 FY3/19 FY3/20 FY3/21 FY3/22
Return on invested capital (ROIC)
(%)
8
5.4 4.9
4 | 2.4 | 2.0 | ||||
0 | ||||||
-4 | -2.1 | |||||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
Total assets
(Millions of yen)
250,000 | 239,068 232,056 229,843 237,260 233,008 | ||||
125,000 | |||||
0 | |||||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
Price book-value ratio (PBR)
(Times)
1.2
0.8 0.96
0.4 | 0.68 | 0.44 | 0.39 | |
0 | 0.42 | |||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
Employees with disabilities
(%) | 2.8 | |||||
3 | 2.5 | 2.8 | ||||
2.3 | 2.2 | |||||
2 | ||||||
1 | ||||||
0 | ||||||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
Stock price transition
Trading volume | Stock price | |||
(Thousands of shares) | (Yen) | |||
10,000 | 1,600 | |||
1,200 | ||||
5,000 | 800 | |||
400 | ||||
0 | ||||
Apr. 2018 | Apr. 2019 | Apr. 2020 | Apr. 2021 | Apr. 2022 |
Dividends and dividend payout ratio | |||||
Dividend | 60.00 | Dividend payout ratio | |||
(Yen) | (Commemorative | 880.0 | (%) | |||||||||||||
60 | dividends 15.00) | 900 | ||||||||||||||
40 | 44.00 | 46.00 | 150 | |||||||||||||
112.5 | 100 | |||||||||||||||
20 | ||||||||||||||||
10.00 | 10.00 | 50 | ||||||||||||||
51.8 | ||||||||||||||||
0 | 33.1 | 0 | ||||||||||||||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
Number of stores/locations
(Locations) | ||||
1,500 | 1,253 | 1,299 | 1,328 | |
1,256 | 1,209 | |||
1,000 | ||||
500 | ||||
0 | ||||
FY3/18 | FY3/19 | FY3/20 | FY3/21 | FY3/22 |
07 AOKI Holdings Inc. | Integrated Report 2022 08 |
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