Japanese sportswear maker Descente announces stable start in FY21

Descente Ltd, a Japanese sportswear and accessories company, reported sales growth of 44.5% to 22.5 billion yen (Japanese yen) in the first quarter (Q1) of fiscal 21 ended on June 30, 2021, compared to sales of 15.5 billion yen in the same period last year. Operating profit for the three-month period jumped to 1.0 billion euros (Q1 FY20: loss 3.1 billion euros).

The company’s full-year financial outlook forecasts sales growth of 6.3% to 103.0 billion yen, while operating profit is expected to climb to 4.2 billion yen.

In the first quarter, Japan segment sales increased significantly to 9.7 billion yen (5.0 billion yen), driven by higher net sales and lower product returns and discounts. . While sales in the South Korean market reached 11.7 billion yen (9.3 billion yen), mainly driven by sales of the Descente brand and outerwear. In addition, sales from China edged up to 0.9 billion yen (0.8 billion yen).

Categorically, sportswear and related products contributed 63.6% of overall sales amounting to 14.3 billion yen, as the impact of COVID-19 decreased and sports opportunities increased over the course of the year. of the first trimester. Golf clothing sales of 6.6 billion yen contributed 29.5% of net sales, and outdoor clothing sales totaled 1.6 billion yen.

According to the Japanese sportswear company, sales of its top five brands improved during the review period: Decline to 9.5 billion yen (6.6 billion yen); Le coq sportif at 6.1 billion yen ($ 4.4 billion); Munsingwear at 2.3 billion yen (1.3 billion yen); Arena at 1.5 billion yen (0.6 billion yen); and Umbro 1.8 billion yen (1.1 billion yen).

Fibre2Fashion Information Office (JL)

Descente, a Japanese sportswear and accessories company, reported sales growth of 44.5% to 22.5 billion yen (Japanese yen) in the first quarter (Q1) of fiscal 21 ended on June 30, 2021, compared to sales of 15.5 billion yen in the previous fiscal year. same period of the previous fiscal year. Operating profit for the three-month period jumped to 1.0 billion euros (Q1 FY20: loss 3.1 billion euros).

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