Home / Knowledge / News / Apparel/Garments / Wacoal posts year-end results for the fiscal year ended March 31

Wacoal posts year-end results for the fiscal year ended March 31

12
May '08
Wacoal Holdings Corp. of Kyoto, Japan, the world's largest manufacturer of intimate apparel, reported its year-end results for the fiscal year ended March 31, 2008.

Financial Highlights:
Net sales for the year decreased 0.4 percent on a yen basis to 165.8 billion yen ($1,660.1 million), compared to 166.4 billion yen a year ago. Operating income increased to 13.5 billion yen ($135.6 million) compared with 12.9 billion yen in 2007. Net income decreased 45 percent on a yen basis to 5.0 billion yen ($49.7 million).

Earnings per American Depositary Share (5 shares of common stock) were 175.7 yen ($1.76) on 28,260,000 average ADS shares outstanding compared to 315.9 yen earnings per American Depositary Share with 28,582,000 shares outstanding in the prior year.

As previously announced, the dividend payable for the last fiscal year will be 25.00 yen per share.

Business Results:
Our group (primarily Wacoal Corporation, which is the core operating entity) sought to improve the strengths of its products and endeavored to develop products focused on consumer needs. Sales by business: Textiles and related products accounted for 150,710 million yen, and other products accounted for 15,051 million yen, a 0.2% increase and 6.3% decrease respectively, compared to the previous fiscal year.

Sales by region; Japan accounted for 139,618 million yen, or 84.2% of the entire group's sales, while the rest of Asia accounted for 4.6%, and Europe and the U.S. together accounted for 11.2%.


Interviews View All

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Nitin Bhatia, Trend Arrest

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Verena Ruckh,

Verena Ruckh

Brückner Trockentechnik develops, manufactures and supplies textile...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

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

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search