Adastria Holdings Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended November 30, 2015; Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending Feb. 29, 2016
January 13, 2016 at 05:30 pm IST
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Adastria Holdings Co., Ltd. reported consolidated earnings results for the nine months ended November 30, 2015. For the period, the company reported net sales of JPY 146,814 million compared to JPY 133,707 million a year ago. Operating income was JPY 14,347 million compared to JPY 5,618 million a year ago. Ordinary income was JPY 14,665 million compared to JPY 5,949 million a year ago. Net income was JPY 7,964 million or JPY 328.17 per diluted share compared to JPY 1,210 million or JPY 49.84 per diluted share a year ago. Income before income taxes and minority interests was JPY 14,159 million compared to JPY 5,144 million a year ago.
For the year ending Feb. 29, 2016, the company expects consolidated net sales of JPY 198,000 million, operating income of JPY 14,000 million, ordinary income of JPY 14,300 million and net income of JPY 6,800 million or JPY 280.06 per share.
For the year ending Feb. 28, 2016, the company expects non-consolidated net sales of JPY 185,400 million, operating income of JPY 13,400 million, ordinary income of JPY 13,800 million and net income of JPY 9,300 million or JPY 383.03 per share.
Adastria Co Ltd, formerly Adastria Holdings Co Ltd is mainly engaged in the apparel and miscellaneous goods retail business. The domestic product sales business includes casual fashion brands such as Global Work, LOWRYS FARM, LEPSIM, JEANASiS and RAGEBLUE, and lifestyle brands such as nico and ..., studio CLIP and BAYFLOW.It develops e-commerce (EC) specialized brands such as apres jour. It develops fashion apparels for adults under the brands such as Babylon and BARNYARDSTORM. The Company operates its business under the brand Velvet by Graham and Spencer in the United States. The logistics business, goods are received, inspected, stored and shipped. In order to efficiently purchase products when expanding to multiple stores, the Company inspects and stores the received products by the central buying method and ships the products in a timely manner.
Adastria Holdings Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended November 30, 2015; Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending Feb. 29, 2016