Key Message Full year impact amount in external factor changes
Dealing with high raw
material prices
While the impact of material costs and distribution costs is recognized, about 10% of the 2022 autumn / winter products will be raised by 5 to 10%.The company plans to consider raising prices for spring/summer 2023 products in the future.
Full year impact
Hundreds of millions
of yen per year
Exchange rate
The impact of the depreciation of the yen has expanded since the first quarter. As a countermeasure, the company plans to avoid country risk and consolidate factories by reorganizing the countries of origin and production factories.
Full year impact
1 billion yen or less
per year
Product supply system
Due to the lockdown in China from mid-August, there was a delay in delivery of some products, however In the first half result, there were no delays compared to the purchase plan due to delivery management including man-hour adjustment and partial air transportation.
Second quarter results
for the fiscal year ending March 2023
Net sales, ordinary income, and net income all hit record highs due to an increase in combined sales of not only apparel products, but also backpacks and shoes, due to an increase in demand not only for camping but also for outings such as travel.
Key Points of Second Quarter Financial Results
Renewed a record high for cumulative second quarter sales
(Million yen)
Sales
45,309
38,208
FY22.3
FY23.3
THE NORTH FACE saw double-digit growth in not only apparel, but gear such as backpacks and shoes.
Although some directly managed stores were affected by the "7th wave" of the corona crisis, demand for a wide range of products was stimulated not only by camping demand but also by the relaxation of behavioral restrictions.
E-commerce sales continue to grow steadily at 121.5% year-on-year
(Million yen)
EC sales
5,387
6,546
FY22.3
FY23.3
Sales increased year-on-year in all sales channels directly managed stores, wholesalers, and EC. Sales at directly managed stores and EC sales were particularly strong.
The self-managed sales ratio was 56% (58% in the same period last year).
Inventory balance was 93.6% year-on-year, down 1.1 billion yen year- on-year, and down 3.7 billion yen year-on-year, remaining within the initial forecast.
The sales loss rate was 1.2%, down 0.2 points year-on-year. Progress is being made in inventory grasping with high precision that grasps the actual needs.
4
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Goldwin Inc. published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 03:41:04 UTC.
GOLDWIN INC. is a Japan-based company mainly engaged in the manufacture and sale of sports goods based on fiber products. The Company is involved in the provision of climbing wears, marine wears, outdoor gears and other outdoor related products, training wears, tennis wears, fitness wears, swim wears, rugby wears, golf wears and other athletic related products, ski wears, snowboard wears and other winter related products, as well as functional underwear, dust proof wears and other products. The Company is also involved in the golf courses operation business, the travel agency business, the insurance agency business and the real estate related business.
GOLDWIN INC. 
