Adastria Co Limited, a Japan-based retail company, reported 40.9 per cent decline in its net sales to ¥33.2 billion (Japanese Yen) in first quarter (Q1) FY21, ended on May 31, 2020 compared to sales of ¥56.2 billion in same quarter prior year. Company’s domestic e-commerce sales during the quarter increased 25.7 per cent to ¥13.4 billion during Q1 FY21.
Adastria Co Limited, a Japan-based retail company, reported 40.9 per cent decline in its net sales to ¥33.2 billion (Japanese Yen) in first quarter (Q1) FY21, ended on May 31, 2020 compared to sales of ¥56.2 billion in same quarter prior year. Company's domestic e-commerce sales during the quarter increased 25.7 per cent to ¥13.4 billion compared to Q1 FY20.#
Company incurred a net loss of ¥3.6 billion during the quarter compared to net income of ¥3.2 billion in Q1 FY20.
Gross profit for the reported quarter were down to ¥17.6 billion (Q1 FY20: ¥32.8 billion). Selling General & Administrative expenses fell to ¥22.4 billion (¥27.6 billion). Operating loss were ¥4.7 billion compared to operating profit were ¥5.2 billion in Q1 FY20.
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