Japanese retailer Adastria's net sales soar 14.8% in 9M FY24

03 Jan '24

2 min read

Pic: Adastria

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Adastria reported a 14.8 per cent rise in net sales to 203,252 million yen for 9M FY24.
Operating profit jumped 46 per cent to 16,306 million yen, and ordinary profit rose 41.5 per cent to 16,708 million yen.
Net income attributable to owners surged 51.5 per cent, reaching 11,541 million yen.
Net income per share was 254.10 yen, up from 168.09 yen last year.

Adastria, a leading Japanese clothing retail company, has reported net sales of 203,252 million yen ($1,427.28 million) for the first nine months of fiscal 2024 (9M FY24), marking a 14.8 per cent increase from the 177,026 million yen recorded in the first nine months of FY23.

Operating profit saw an impressive 46 per cent jump, rising from 11,165 million yen in the first nine months of FY23 to 16,306 million yen in the same period of FY24.

The company's ordinary profit followed a similar upward trajectory, registering a 41.5 per cent increase. It rose by 4,902 million yen, from 11,805 million yen in 9M FY23 to 16,708 million yen in 9M FY24, Adastria said in a press release.

A notable highlight of Adastria's financial achievements is the substantial growth in net income attributable to owners of the parent, which soared by 51.5 per cent. The figure increased from 7,616 million yen in the first nine months of FY23 to 11,541 million yen in the corresponding period of FY24, marking a 3,924-million-yen increase.

The net income per share for the nine months ended November 30, 2023, stood at 254.10 yen. This compares to a net income per share of 168.09 yen in the same period the previous year.

Fibre2Fashion News Desk (DP)

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