Goldwin is cutting its forecast but expects higher profits in 2025, thanksto improved non-operating income and cost management.

Japanese apparel company Goldwin Inc., which manages brands such as The North Face, Helly Hansen and Canterbury in Japan, has revised its full-year financial guidance. The company now projects a net income of 24 billion yen (€148m), up from its previous estimate of ¥21 billion (€129m). Meanwhile, it has slightly lowered its revenue forecast to ¥132 billion (€814m), down from ¥133.2 billion (€821m).

Operating profit is expected to grow by 16 percent to ¥21 billion (€129m), up from the previously anticipated ¥18.1 billion (€112m). The upward revision is due largely to increased dividend income from equity-method affiliates, boosting non-operating profits. However, the company also notes that selling, general and administrative (SG&A) expenses have affected consolidated earnings.

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