Adastria Holdings Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended November 30, 2014; Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending Feb. 28, 2015
January 14, 2015 at 03:00 pm
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Adastria Holdings Co., Ltd. reported consolidated earnings results for the nine months ended November 30, 2014. For the period, the company reported net sales of JPY 133,707 million compared to JPY 105,151 million a year ago. Operating income was JPY 5,618 million compared to JPY 5,369 million a year ago. Ordinary income was JPY 5,949 million compared to JPY 5,494 million a year ago. Net income was JPY 1,210 million or JPY 49.84 per diluted share compared to JPY 2,296 million or JPY 102.19 per diluted share a year ago. Consolidated sales increased sharply by 27.2% year-on-year, benefiting from the consolidation of TRINITY ARTS INC. in September 2013. Income before income taxes and minority interests was JPY 5,144 million compared to JPY 5,583 million a year ago. Income before minority interests was JPY 1,210 million compared to JPY 2,296 million a year ago.
For the year ending Feb. 28, 2015, the company expects consolidated net sales of JPY 185,900 million, operating income of JPY 5,100 million, ordinary income of JPY 5,100 million and net income of JPY 700 million or JPY 28.83 per share.
For the year ending Feb. 28, 2015, the company expects non-consolidated net sales of JPY 3,900 million, operating income of JPY 400 million, ordinary income of JPY 700 million and net income of JPY 300 million or JPY 12.35 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, 2014; Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending Feb. 28, 2015