Goldwin’s revenues rose by 8.6 percent to 98,235 million yen (€756.4m) in the financial year ended March 31, while operating profit climbed by 11.2 percent to ¥16,501 million (€127.1m), better than a Feb. 10 operating earnings forecast calling for a 5.7 percent decline to ¥14 billion. But the reported annual sales came in ¥1.765 billion below a predicted ¥100 million.
Besides its own brand, Goldwin owns the licensed rights in Japan to Speedo, Icebreaker and Woolrich, among others, and the trademark rights in certain markets for Danskin, Ellesse, The North Face, Helly Hansen and Canterbury.
In the final quarter ended March 31, the company booked an operating income increase of 86 percent to ¥2,344 million (€18.1m) compared to ¥1,261 million on a 15 percent revenue lift to ¥24,453 million (€188.3m) compared to ¥21,253 million.
Looking at the six months ending Sept. 30, the Japanese group is forecasting a 9.1 percent decline in operating income to ¥3,000 million (€23.1m) despite a forecasted 11 percent sales increase to ¥42,400 million (€326.5m). Attributable earnings are expected to inch up 1.1 percent to ¥2,660 million (€20.5m). For the financial year ending March 31, 2023, Goldwin is guiding for a 7.9 percent gain in annual sales to ¥106,000 million (€816.2m), a 3 percent increase in operating income to ¥17,000 million (€130.9m) and 11.5 percent improvement in attributable net profit to ¥16,000 million (€123.2m).
