Net sales came in 13.9% above the forecast; operating income exceeded the forecast by 32.4%.
Revenues from W11 (China's largest e-commerce event) are expected to contribute to earnings from Q2. We issued a press release about the event in November 2021.
We opened a flagship store on Douyin (mainland Chinese version of video platform TikTok) and a flagship store on the e- commerce platform JD.com.
Launched new products Lacto Capsule, Liquid Lucent UP, and new series THE B PRO.
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Axxzia Inc. published this content on 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 04:28:04 UTC.
Axxzia Inc is a Japan-based company mainly engaged in the development of the cosmetics business. The Cosmetics business is engaged in the manufacture and sale of cosmetics and dietary supplements. The Company is engaged in the direct sale of products to beauty salon operators and wholesale to beauty salon operators through wholesalers. In addition, the Company is also engaged in the direct sale of products to general consumers and wholesale to Internet mail-order businesses through electronic commerce (EC) sites operated by domestic and overseas Internet mail-order businesses. The Company is also engaged in the direct sale to department store operators, cosmetics retail store operators, domestic tax exemption store operators and mass retailer operators.