Weak Performance at YOUNGONE OUTDOOR Corporation and Decline in Equity-Method Investment Gains

「At YOUNGONE OUTDOOR Corporation, sales remained at the previous year's level, but profit declined due to external factors including currency fluctuations and rising costs. As a result, the company's equity-method investment gains fell 55.6% year on year to ¥2,075 million, and ordinary profit fell 8.3% to ¥9,093 million.」

「YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, was partly affected in its sales of spring and summer products by extreme heat and other climate-related factors, but secured higher profit than in the previous fiscal year through solid sales of year-round products and efficient execution of selling, general and administrative expenses.」

「Ordinary profit was ¥9,917 million, up 8.0% year on year, primarily because performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained strong, in addition to the increase in operating profit.」

「Ordinary profit was ¥32,601 million, up 16.1% from the previous fiscal year, as operating profit increased and performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained solid.」

「Ordinary profit was ¥23,576 million, up 7.5% year on year, as performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained strong, leading to a substantial increase in equity-method investment gains in addition to higher operating profit.」

「Ordinary profit was ¥9,180 million, up 23.2% year on year, primarily because performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained strong, in addition to the increase in operating profit.」

「Ordinary profit was ¥4,172 million, up 23.9% year on year, primarily because performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained strong.」

「At YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, sales of down jackets and other cold-weather apparel remained strong due to the impact of a cold snap. As a result, in addition to higher operating profit, a substantial increase in equity-method investment gains led to ordinary profit of ¥21,924 million, up 41.9% year on year.」

「The Korean economy recovered more quickly from the COVID-19 pandemic than the Japanese economy. In addition, THE NORTH FACE, the company's core brand, expanded its product lineup to include backpacks and other items, reducing its previous dependence on a single product for sales and improving the balance of its sales mix. As a result, the company was able to attract a broader customer base, while also expanding its sales channels, which contributed to its strong performance.」

「Ordinary profit increased 98.5% year on year to ¥3,368 million, primarily because performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained strong, in addition to the increase in operating profit.」

「Ordinary profit was ¥20,285 million, up 26.9% from the previous fiscal year, as operating profit increased and performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained solid.」

「At YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, down jackets and other cold-weather apparel sold well despite the COVID-19 pandemic, while thorough inventory management enabled the company to improve its sell-through rate. As a result, in addition to higher operating profit, a substantial increase in equity-method investment gains led to ordinary profit of ¥15,453 million, up 11.3% year on year.」

「Ordinary profit was ¥3,835 million, up 174.8% year on year, as performance at the consolidated subsidiaries and YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained solid.」

「Ordinary profit was ¥1,696 million, compared with an ordinary loss of ¥76 million in the same period of the previous year, as the company recorded equity-method investment gains of ¥558 million due to solid performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, among other factors.」

「Ordinary profit was ¥15,984 million, down 2.4% from the previous fiscal year, as operating profit increased in the standalone business and performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained solid.」

「Although equity-method investment gains from the consolidated subsidiaries and YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, improved from the initial forecast, the company reported an ordinary loss of ¥76 million, compared with ordinary profit of ¥1,946 million in the same period of the previous year.」

「YOUNGONE OUTDOOR Corporation, an equity-method affiliate, also contributed to the increase in profit, and ordinary profit was ¥16,375 million, up 26.1% from the previous fiscal year.」

「Ordinary profit was ¥16,499 million, up 42.6% year on year, as operating profit increased in the standalone business and performance at the consolidated subsidiaries and YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained solid.」

「Ordinary profit was ¥5,292 million, up 94.8% year on year, as operating profit increased in the standalone business and at the consolidated subsidiaries, while performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained solid.」

「Ordinary profit was ¥1,946 million, up 81.9% year on year, as operating profit increased in the standalone business and performance at the consolidated subsidiaries and YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, remained solid.」

「Ordinary profit was ¥11,570 million, up 72.2% year on year, as performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate, remained solid.」

「Ordinary profit was ¥1,070 million, up 60.3% year on year, partly because YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, recorded sponsorship expenses for the 2018 PyeongChang Olympics and other expenses.」

「Ordinary profit was ¥7,833 million, as performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, has been recovering since the second half and equity-method investment gains increased by ¥96 million from the previous fiscal year.」

「Ordinary profit increased by ¥2,868 million year on year, driven by a substantial increase in operating profit and an ¥11 million year-on-year increase in equity-method investment gains, as performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in Korea, has been recovering since the second half.」

「Although equity-method investment income from YOUNGONE OUTDOOR Corporation, an equity-method affiliate in South Korea, decreased by ¥43 million year on year, generally solid performance by consolidated subsidiaries, in addition to higher operating income in the standalone business, enabled the Company to secure a ¥667 million year-on-year increase in ordinary income.」

「Ordinary income was affected by a ¥72 million year-on-year decrease in equity-method investment income as performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in South Korea, remained weak. However, in addition to higher operating income in the standalone business, generally solid performance by consolidated subsidiaries enabled the Company to secure a ¥708 million year-on-year increase in ordinary income.」

「Ordinary income was affected by a ¥387 million year-on-year decrease in equity-method investment income, as performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in South Korea, remained weak amid the downturn in that country's outdoor market.」

「Performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in South Korea, remained weak, causing equity-method investment income to decrease by ¥162 million year on year.」

「Equity-method investment income decreased by ¥136 million year on year because second-quarter performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in South Korea, remained weak.」

「Equity-method investment income decreased by ¥153 million because first-quarter performance at YOUNGONE OUTDOOR Corporation, an equity-method affiliate in South Korea, was weak.」