Expansion of the European Production Base and Restructuring of the North American and Asian Businesses

「In the Americas, both store and e-commerce sales in the traditional J.PRESS business increased, resulting in a substantial rise in revenue and a return to profitability. In Asia, higher production orders for made-to-measure suits increased the operating rate of the Dalian factory, resulting in higher revenue and profits.」

「In Europe, the company will expand earnings from the JOSEPH business, a contemporary designer brand originating in London, United Kingdom. In the United States, it will accelerate growth in the J.PRESS business, a traditional brand originating on the U.S. East Coast with a history of more than 120 years. In Asia, it will expand its production and sales businesses across the Asian market, including the rapidly growing ASEAN region.」

「In the overseas business, the combined Europe, America and Asia businesses achieved operating profitability for the first time in 11 fiscal years, since fiscal 2014.」

「In the United States, revenue declined due to the transfer of shares in a golf-business company in Guam, U.S., at the end of the previous fiscal year. However, e-commerce sales in the J.PRESS business, a traditional brand, grew and profitability improved. In Asia, higher orders for made-to-measure suit production increased utilization at the Dalian factory, leading to higher sales.」

「In Asia, sales increased as a result of higher utilization at the Dalian factory. In the United States, e-commerce sales grew in the J.PRESS business, a traditional brand. In Europe, the JOSEPH business, a contemporary brand originating in London, United Kingdom, performed well. As a result, both revenue and profit in the overseas business improved substantially.」

「In Asia, sales increased as a result of higher utilization at the Dalian factory. In the U.S. J.PRESS business, e-commerce sales grew. Meanwhile, the JOSEPH business, a contemporary brand originating in London, United Kingdom, saw its earnings balance deteriorate as it struggled mainly in the wholesale business. As a result, the overseas business posted higher revenue but a wider loss.」

「The overseas business achieved higher revenue in Europe, the United States, and Asia, resulting in a substantial improvement in its earnings balance.」

「The overseas business achieved higher revenue in Europe, the United States, and Asia, resulting in a substantial improvement in its earnings balance.」

「The overseas business achieved higher revenue in Europe, the United States, and Asia, while improved utilization at the Dalian factory also contributed to an improvement in its earnings balance.」

「The overseas business achieved higher revenue in Europe, the United States, and Asia, while higher utilization at the Dalian factory also contributed to an improvement in its earnings balance.」

「The overseas business reported lower revenue due to the impact of withdrawing from unprofitable businesses in Europe as part of the global business-structure reforms.」

「In Europe, the company completed the restructuring and sale of the unprofitable production business and the Jil Sander business. Going forward, it will proceed with improving operating efficiency in the JOSEPH business to enhance earnings capacity.」

「The effects of withdrawing from unprofitable businesses under the global business-structure reforms emerged, improving profitability and substantially narrowing the operating loss in the overseas business.」

「The effects of withdrawing from unprofitable businesses under the global business-structure reforms emerged, improving profitability and narrowing the operating loss in the overseas business.」

「The overseas business reported higher profit despite lower revenue, as earnings improved following two years of withdrawing from unprofitable businesses as part of the global business-structure reforms.」

「In Europe, the company completed the restructuring and sale of the unprofitable production business. Going forward, it will proceed with the restructuring of the Jil Sander business and improve operating efficiency in the JOSEPH business to enhance earnings capacity.」

「Although global business-structure reforms implemented since the previous fiscal year generated cost savings, the impact of the COVID-19 pandemic continued in Europe and the United States, resulting in lower revenue and lower profit for the overseas business.」

「Because the overseas businesses have different fiscal year-end dates, the impact of the COVID-19 pandemic became more pronounced in the second quarter of the current fiscal year. The closure of commercial facilities and stay-at-home orders issued in various countries resulted in lower revenue and lower profit for the overseas business overall.」

「Although profitability improvements from global business-structure reforms implemented in the previous fiscal year were evident, the overseas business overall posted lower revenue due to the impact of the global COVID-19 pandemic.」

「The Asian business posted lower revenue but higher profit as a result of global business-structure reforms, while the European and U.S. businesses posted lower revenue and lower profit because the benefits of the reforms will contribute from the following fiscal year onward. As a result, the overseas business overall posted lower revenue and lower profit.」

「The Asian business posted lower revenue but higher profit as profitability improved through global business-structure reforms, while the European and U.S. businesses posted lower revenue and lower profit because the benefits of the structural reforms will contribute from the following fiscal year onward. As a result, the overseas business overall posted lower revenue and lower profit.」

「The overseas business posted lower revenue but higher profit in Asia following a recovery in profitability, but lower profit in its core European and U.S. businesses resulted in lower revenue and lower profit overall.」

「The overseas business posted higher revenue and higher profit overall, as higher sales following the revamp of the creative division in the Jil Sander business supported solid performance in Europe.」

「The overseas business continued to benefit from higher sales following the revamp of the creative division in the Jil Sander business. Although earnings improvements were seen in North America, including successful promotion using J.PRESS's new flagship store and growth in e-commerce sales, the business was affected by changes to the contractual terms of some production businesses in Europe and one-time costs for exiting unprofitable stores. Overall, the overseas business posted higher revenue but lower profit.」

「The overseas business posted higher revenue but lower profit overall, despite progress toward improving its earnings balance, including higher Jil Sander sales following the revamp of the creative division, a recovery in profitability in China, successful promotion using J.PRESS's new flagship store in the United States, and growth in e-commerce sales. This was affected by costs associated with contract changes in some production businesses.」

「The overseas business reported higher revenue and higher profit due to increased sales of Jil Sander following a revamp of the creative division, the recovery of profitability in China and successful promotion using a new flagship J.PRESS store in the United States, among other factors.」

「Although the European production business and profitability in China recovered, the overseas business as a whole reported higher revenue and lower profit.」

「The overseas business reported higher revenue due to the weaker yen against major currencies including the euro and pound, but lower profit due to changes in contract arrangements in the European production division and difficult consumer trends for luxury brands. We continue to pursue measures to consolidate and stabilize planning and production functions and restore profitability.」

「The overseas business reported higher revenue due to the weaker yen against major currencies including the euro and pound, but lower profit due to changes in contract arrangements in the European production division and difficulties in certain licensing businesses. We continue to pursue measures to stabilize production functions and restore and improve profitability.」

「The overseas business reported lower revenue and lower profit in Europe due to changes in contract arrangements in the production division and difficulties in certain licensing businesses, but we continue to pursue measures to stabilize production functions and restore and improve profitability.」

「The overseas business reported lower revenue and lower profit in Europe due to changes in contract arrangements in the production division and difficulties in certain licensing businesses, but we are pursuing measures to stabilize production functions and restore and improve profitability.」

「The European business reported lower revenue because Joseph LTD. in the UK was affected by the weaker pound, but profit increased as Onward Luxury Group S.P.A. performed steadily after expanding its production base. Restructuring progressed in the Asian and North American businesses, improving performance.」

「The overseas business reported higher revenue and higher profit as Onward Luxury Group in Europe expanded its production base. Business restructuring progressed in North America and Asia, improving performance.」