The SVT Index, comprising domestic fashion and beauty-related stocks, rose on 6 October. Sanyo Shokai announced its interim results and expressed confidence in the autumn and winter sales season.
The SVT Index rose to 13,469.0 points on 6 October, up 180.3 points from the previous day. Its market capitalization reached approximately ¥4.5002 trillion, an increase of approximately ¥602.3 billion from the previous day.
Fast Retailing and ASICS were the leading contributors to the index at 70.07 points and 30.21 points, respectively. Stocks across several sectors, including global megabrands and department stores, contributed to the rise.
Sanyo Shokai announced interim results showing an operating loss of ¥499 million, widening from a loss of ¥213 million in the same period of the previous year. However, its monthly sales overview showed strong sales of autumn merchandise, with sales across all channels exceeding the previous year’s levels.
On 6 October, Chairman Shinji Oe (大江伸治) discussed the “five seasons” autumn and winter strategy and expressed confidence in the autumn and winter sales season following the release of preliminary September monthly sales figures. Attention is focused on developments from October to December, when a warm winter is forecast to continue.