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Japan Vilene Company posts 7.1% rise in H1 sales
31
Dec '13
Apparels materials maker, Japan Vilene Company Ltd, reported healthy sales numbers for the first half of the current financial year 2013-14, despite a mixed performance from its major apparels and medical materials business.
 
The interlinings and bonded waddings manufacturer witnessed a 7.1 per cent rise in consolidated sales at 26,318 million yen in the six months ended 30 September 2013 from 24,570 million yen in the same period a year ago.
 
Sales of interlinings fell on a year on year basis in H1 FY 2013-14 amid lower demand from the domestic market, countering higher sales from the overseas market.
 
Revenue from waddings which are used in warm clothing and sportswear, witnessed a dip in the first six months of FY 2013-14.
 
Japan Vilene, which was the pioneer in the introduction of fusible interlinings in the Japanese garment industry way back in the early 1960s, also manufactures apparel materials such as shoulder pads and fusible tapes.
 
The company is the market leader in Japan in the segment of bonded waddings, which are used for skiwear and other winter clothes.
 
Net income of Japan Vilene Company Ltd on a consolidated basis more than doubled to 2,100 million yen in the six months ended 30 September, 2013 from 939 million yen in the same period a year ago.
 
The company expects to achieve consolidated sales revenue of 53,500 million yen in the full-year ending March 31, 2014, up 11.2 per cent from the previous year. It expects to achieve a consolidated net profit of 3,200 million yen in FY 2013-14.
 

Fibre2fashion News Desk - India

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