GOLDWIN revised down its consolidated earnings forecast for the fiscal year ending March 2027. Its core The North Face business is struggling amid unfavorable weather and slowing demand. Revenue has been cut to ¥141.5 billion and operating profit to ¥23.8 billion, with uncertainty expected to remain in the second half.
GOLDWIN cut its consolidated forecast for the fiscal year ending March 2027, reducing revenue from ¥145.4 billion to ¥141.5 billion and operating profit from ¥26.1 billion to ¥23.8 billion. In the first half, from April to September, revenue was ¥56.0 billion, operating profit was ¥4.7 billion and net income was ¥5.5 billion, falling approximately ¥3.8 billion short of the initial plan. Planned growth investments put pressure on profit.
The biggest factor was weak performance by The North Face (TNF). While high-performance items for extremely hot weather remained firm, lifestyle products bearing the logo struggled to gain traction, and insufficient wholesale demand became evident. Delays in wholesale sales to major sporting-goods retailers became apparent, while the company also failed to keep pace with consumers' increasing preference for functionality.