Japan : Japan's Daidoh posts 4.9% dip in H1 sales

InquiryNow

Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at mi@fibre2fashion.com in case you need any other additional information.

Name

Company

Phone Number

Country

Comments

Advanced Search

Experience Apparel and Textile Innovations, Solutions and Creations. Learn more! | Ad

Home / Knowledge / News / Apparel/Garments / Japan's Daidoh posts 4.9% dip in H1 sales

Japan's Daidoh posts 4.9% dip in H1 sales

17
Jan '14

Amidst a backdrop of a weak economic scenario, Japanese apparel company Daidoh Limited witnessed a slight dip in its sales performance in H1 FY 2013-14.

The company, which is mainly engaged in the manufacture and sales of yarns, woolen fabrics and apparel to the commercial market, and also manages retail sales of these products, reported a 4.9 per cent decline in consolidated net sales at 12,027 million yen in the six months ended 30 September 2013 from the same period a year ago, when consolidated net sales stood at 12,652 million yen.

Consumer spending in Japan is recovering at a weak pace amid a subdued economic revival, weighing on the company’s sales performance in the first half of the current financial year.

With wage growth in Japan predicted to lag the rise in consumer prices in the upcoming financial year amid the doubling of the sales tax rate, household budgets may come under even further stress, signaling a challenging outlook for the Japanese apparel industry.

However, an improving global economic outlook amid a recovery in the European economy bode well for the company’s export prospects, going forward.

The company’s clothing segment is engaged in the production and sale of wool textile and clothing for both men and women.

The company’s wholly owned subsidiaries, which are engaged in the apparel business, include NEW YORKER Ltd, Shanghai NewYorker Clothing Sales Co. Ltd, Daidoh International Ltd and Daidoh Ltd Trading (Shanghai). Co. Ltd.

The company swung to a consolidated net loss of 597 million yen the six months ended 30 September 2013 as subdued revenue and rising import costs amid a weaker yen weighed on profitability

Fibre2fashion News Desk - India

More Apparel/Garments News - Japan...

Must ReadView All

Apparel/Garments | On 28th Jul 2017

DuPont launches new stretchable electronic inks, films

DuPont Advanced Materials has announced availability of its newest...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Apparel/Garments | On 28th Jul 2017

Columbia Sportswear posts Q2 2017 net sales of $398.9 mn

Columbia Sportswear Company has recorded net sales of $398.9 million...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Letter to Editor

RSS Feed

Search Companies

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No Skip

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No Skip

Active Poll

Do you see sustainability as a route to business growth?

Yes

61.1%

22.2%

Skip

16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No Skip

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes

33.3%

44.4%

Skip

22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No Skip

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes

83.3%

5.6%

Skip

11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes

50.0%

11.1%

Skip

38.9%

Total Votes: 18

E-News Insight

Subscribe Today and Get the
Latest News Update in Your Mail Box.