Chori Co Ltd, a Japanese company engaged in textiles, chemicals, and machinery businesses, has reported 23.8 per cent increase in sales to ¥60.6 billion in first quarter (Q1) of FY21 ended on June 30, 2021, compared to ¥49.0 billion in the same period of prior fiscal. Operating income rose to ¥2.5 billion against loss of $890 million in Q1 FY20.
Chori Co Ltd, a Japanese company engaged in textiles, chemicals, and machinery businesses, has reported 23.8 per cent increase in sales to ¥60.6 billion in first quarter (Q1) of FY21 ended on June 30, 2021, compared to ¥49.0 billion in the same period of prior fiscal. Operating income rose to ¥2.5 billion against loss of $890 million in Q1 FY20.#
Gross profit during Q2 FY21 improved to ¥6.8 billion, while net income attributable to owners of the parent were ¥2.3 billion.
Chori Co Ltd, a Japanese company engaged in textiles, chemicals, and machinery businesses, has reported 23.8 per cent increase in sales to ¥60.6 billion in first quarter (Q1) of FY21 ended on June 30, 2021, compared to ¥49.0 billion in the same period of prior fiscal. Operating income rose to ¥2.5 billion against loss of $890 million in Q1 FY20.#
According to the company, sales and income escalated in all segments that include fibre, textiles and garments (¥21 billion), machinery (¥0.9 billion), and significantly in the chemicals (¥38.7 billion) market.
Chori Co Ltd, a Japanese company engaged in textiles, chemicals, and machinery businesses, has reported 23.8 per cent increase in sales to ¥60.6 billion in first quarter (Q1) of FY21 ended on June 30, 2021, compared to ¥49.0 billion in the same period of prior fiscal. Operating income rose to ¥2.5 billion against loss of $890 million in Q1 FY20.#
Furthermore, domestic sales in the three-month period were up to ¥18.8 million, whereas overseas sales jumped to ¥17.8 million. Export and import sales too surged during Q1 to ¥16.3 billion and ¥7.8 billion respectively.
Chori Co Ltd, a Japanese company engaged in textiles, chemicals, and machinery businesses, has reported 23.8 per cent increase in sales to ¥60.6 billion in first quarter (Q1) of FY21 ended on June 30, 2021, compared to ¥49.0 billion in the same period of prior fiscal. Operating income rose to ¥2.5 billion against loss of $890 million in Q1 FY20.#
In its outlook for FY21, the company said it is steadily making progress on the medium-term management strategy “Chori Innovation Plan 2022”. It forecasts sales to be around ¥280.0 billion with operating income of around ¥9.5 billion.
Fibre2Fashion News Desk (JL)
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