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Yagi & Co. H1 sales up 8%
Jan '14
Driven by higher sales revenue, Japan’s textile company Yagi & Co. Ltd witnessed an improvement in profitability in the first half of the current financial year ending March 31, 2014.
The company, which is engaged in the manufacture, sale and import/export of textile products and raw materials, reported an 8 per cent rise in consolidated sales at 61 billion yen in the six months ended
30 September 2013 from 56.4 billion yen in the same period a year ago.
Sales from the materials segment which includes yarns witnessed a rise of 5.2 per cent at 9.9 billion yen in the six months ended 30 September 2013 from the same period a year ago supported by higher demand from emerging and developed nations.
Revenue from the textile sector rose by 3.3 per cent to 7.8 billion yen in the six months ended 30 September 2013 underpinned by expansion in exports.
Sales from the secondary product sector fiber segment rose by 10.1 per cent to 41.6 billion yen in the six months ended 30 September 2013 from the same period a year ago.
The company is also benefiting from an economic recovery in its home market as robust monetary easing measures have revived consumer sentiment.  But with a full and sustained recovery in Japanese private consumption, still some time away, Yagi & Co. Ltd will focus more on overseas markets.
The company is endeavoring to promote the development of overseas markets, while it plans to strengthen its focus on major customers and development of high-value added products.

Fibre2fashion News Desk - India

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