Third quarter results for the fiscal year ending March 2023
Achieved record highs for all business segment and sales channel items for the first three quarters. Demonstrate customer development ability to lead entry level to core fan base.
Third Quarter Financial Highlights
Net sales hit a record high for the cumulative third quarter, supported by a recovery in inbound demand, etc.
(Million yen)
Net sales
86,746
73,782
FY22.3
FY23.3
Sales of gear-related items such as padded boots from THE NORTH FACE, which had delays due to the lockdown in Vietnam last year, are trending favorably.
Inbound demand has increased month by month since October. In December (single month), it recovered to the same level as the peak in FY20.3 (about 9% of sales at directly managed stores).
EC sales continue to grow steadily, up 12.8% year-on-year
(Million yen)
EC sales
10,910
9,669
FY22.3
FY23.3
EC sales increased 12.8% year-on-year, accounting for 12.6% of total sales.
Sales increased year-on-year in all sales channels: directly managed stores, wholesalers, and EC.
The self-managed sales ratio remained steady at 59% (62% in the same period of the previous year).
Inventory balance continues to be within plan
(Million yen)
Inventory
13,568
14,178
FY22.3
FY23.3
Inventory balance was 104% year-on-year, an increase of 600 million yen year-on-year. Trended within the scope of the initial forecast.
The sales loss rate was 1.2%. Thorough high-precision inventory management that understands actual needs.
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Goldwin Inc. published this content on 07 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2023 06:29:02 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. 
