Goldwin registers strong performance
08/08/2022
Covering the first three months of the Japanese fiscal year, the company announced a 23.5% rise in net revenues over the year previous, reaching roughly $155 million or ¥21 billion.
In addition, operating income surged 99.6% during the quarter to around $17 million (¥2.3 billion), Goldwin stated, achieving a record high. The Tokyo-based group partly attributed this increase to the long-term nature of its supplier contracts, which it said had tempered the impact of rising raw material prices, particularly those bound up with the conflict in Europe.
As much of its China-made spring-summer ranges had arrived in Japan before the onset of pandemic-related lockdowns in Shanghai over the quarter, Goldwin was also able to avoid the burden of increased logistical costs to an extent, it added. This was especially helpful in the context of a depreciating yen.
Hiking in Hakone, Japan. Credit: Lee Basford for Goldwin.
Share this story:
