Japan's Wacoal Holdings reports $586.1 mn H1 revenue, down 5.2% YoY

The gross profit of the company was ¥51,056 million (~$331.86 million), down by 4.9 per cent YoY. Meanwhile operating profit was ¥11,551 million (~$75.7 million) in comparison to ¥3,384 million in the prior year, stated Wacoal in a press release.

The business profit of Wacoal stood at ¥2,304 million in H1, down 39.6 per cent YoY. In terms of profit before taxes, the H1 period saw ¥12,815 million, compared to a loss of ¥2,739 million in the prior year. The profit attributable to owners of the parent company was ¥8,773 million.

The Wacoal business’ domestic segment recorded revenue of ¥45,006 million, representing 49.9 per cent of total revenue, a slight decrease of 4.8 per cent from the previous year. Wacoal business’ domestic segment achieved an operating profit of ¥8,497 million, an increase of 552.1 per cent compared to ¥1,303 million YoY.

The overseas segment contributed ¥34,549 million, or 38.3 per cent of total revenue, a marginal decline of 1.4 per cent YoY, and reported improved performance, with a reduced operating loss of ¥2,783 million, up by ¥7,806 million from the previous period’s loss of ¥5,023 million.

Peach John, a separate segment, generated revenue of ¥5,165 million, down 6.1 per cent YoY and marked a slight increase in operating losses, from ¥37 million in the previous year to ¥44 million in the current period.

Fibre2Fashion News Desk (SG)