Goldwin is projecting decreases of 10.1 percent in sales and 28.5 percent in operating profit for the financial year ending on March 31. In the nine months through Dec. 31, 2020, its net sales declined by 8.7 percent to 69.2 billion yen (€540m-$660m), leading to a 16.2 percent drop in operating profit to ¥13.6 billion (€110m-$130m). Attributable earnings fell by 19.4 percent to ¥9,236,000 (€7.25m-$8.79m), but the Japanese group still ended the nine-month period with an equity ratio of 51.1 percent.