Wacoal Holdings announced its IFRS-based results on 12 November. Cumulative net profit for the second quarter was ¥4.07 billion, down 67.2% year on year, while the full-year net profit forecast was revised up 77.8%, from the previous forecast of ¥1.8 billion to ¥3.2 billion. A net loss of ¥870 million is expected in the second half.
Wacoal Holdings announced its IFRS-based results. Consolidated net profit for the cumulative second quarter from April to September 2024 was ¥4.07 billion, down 67.2% year on year. Although the release did not provide a specific year-on-year comparison for revenue, the July-September quarter was reported to have posted a profit of ¥2.52 billion.
At the same time, the full-year net profit forecast was revised up from ¥1.8 billion to ¥3.2 billion. As a result, the projected decline in full-year profit is expected to narrow substantially.
Based on first-half results and the previous forecast, the second-half outlook implies a net loss of ¥870 million. The company posted a profit in the same period of the previous year, but is expected to swing to a loss in the second half.
The latest 3-month results for July-September showed a profit of ¥2.52 billion, while the operating margin on sales was broadly flat year on year.