Wacoal net sales up 1.4% for fiscal year ended March 31, 2007
12 May '07
3 min read
Regarding sales by business category, sales of textile goods for the last fiscal year was 150,349 million yen, a 1.1% increase compared to the previous fiscal year. Other sales during the last fiscal year were 16,061 million yen, a 4.3% increase compared to the previous fiscal year.
As for sales by geographic location, Japan represented 141,676 million yen, accounting for 85.2% of group sales, whereas Asia accounted for 4.0%, and the U.S. and Europe accounted for 10.8%.
Forecast For The Next Fiscal Year: With improving consumer confidence following the recovery of the Japanese economy, a gradual expansion of the economy is expected with favorable growth in the domestic women's fashion apparel industry. Recovery and expansion of the U.S., Asian and European economies may also have positive impacts on the expansion of our group businesses in overseas markets.
Mid-term plans aim to expand sales and profits by renovating our brand image to strengthen existing businesses and thus building a higher-profit structure. Targets for the next fiscal year end are to achieve sales of 170,000 million yen, operating income of 13,500 million yen, pre-tax net income of 14,500 million yen, and net income of 9,800 million yen.
marketing@alchempro.com
