Home / Knowledge / News / Textiles / Muted textile revenue weighs on Nitto Boseki's H1 earnings
Muted textile revenue weighs on Nitto Boseki's H1 earnings
Jan '14
Japanese textile manufacturer Nitto Boseki Co. Ltd reported muted growth in its sales revenue in the first half of FY 2013-14 as demand remained subdued amidst a tough economic scenario.
The company which is engaged in the textile business, fiberglass business and other businesses, witnessed a 3.5 per cent rise in consolidated net sales at 41,509 million yen in the six months ended September 30, 2013 from 40,113 million yen in the same period a year ago as weak domestic demand for clothing weighed on the company’s textile business.
Sales from the textiles business rose by 7 per cent to 3,013 million yen in H1 FY 2013-14 from 2,811 million yen in the same period a year ago.
Consumer spending in Japan is recovering at a weak pace as households remain wary of spending on discretionary items amidst rising electricity prices; higher sales tax rate from next fiscal and lagging wage growth, clouding the outlook for the Japanese apparel sector and thus weighing on the textile industry.
The company’s textile business witnessed a profit of 45 million yen in H1 FY 2013-14 as it endeavored to reduce costs and develop new products amidst sagging demand.
Sales from the glass fiber yarn business and glass fiber cloth division stood at 10,173 million yen and 9,165 million yen respectively in the half year ended September 30, 2013.
Rising input prices amid a weaker yen took toll on profitability as Nitto Boseki Co. Ltd’s net profit fell by 15 per cent to 1,475 million yen in the six months ended September 30, 2013, year on year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Tony Ward
Tony Ward

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search