Japan's Goldwin sees robust growth in FY25, forecasts optimistic FY26
The gross profit reached ¥68.9 billion (~$441.7 million), reflecting a 2.6 per cent YoY increase, with a gross margin of 52.1 per cent—an improvement of 0.8 points from the previous year. Operating profit rose to ¥25.4 billion, up 6.5 per cent YoY, significantly exceeding the revised forecast of ¥21.0 billion.
The operating margin improved by 0.4 points to 19.2 per cent. Ordinary profit came in at ¥34.3 billion, representing a 5.2 per cent YoY increase, and net income grew by 10.8 per cent to ¥26.9 billion, with a margin of 20.3 per cent. Despite temporary SG&A costs, the company maintained strong profitability, reflecting efficient cost management and improved sales performance.
Goldwin Inc has reported FY25 net sales of ¥132.3 billion (~$847 million), up 4.3 per cent YoY, with strong inbound sales and e-commerce growth. Operating profit rose to ¥25.4 billion and net income to ¥26.9 billion. For FY26, sales are projected at ¥140.5 billion (~$900.6 million), with stable margins supported by price hikes and exchange gains, despite discontinuing four brands.
The company maintained strong inbound sales, particularly from visitors to Japan from mainland China, contributing to steady growth. Domestic consumption also recovered, led by urban flagship stores, while tourist-driven sales expanded in the Kansai and Kyushu regions. Inbound sales accounted for 25.5 per cent of revenue at directly managed stores, Goldwin said in a press release.
E-commerce segment performed well, with real and digital channels complementing each other effectively. While summer product issues impacted the Korean market, collaboration with local partners is being reinforced. The company continued investing in brand value through directly managed stores and maintained appropriate spend on promotion and advertising, while addressing inbound demand and minimising sales loss through inventory optimisation.
For full fiscal ending March 2026, Goldwin is expecting sales of ¥140.5 billion (~$900.6 million) despite the discontinuation of four brands, and profit margins are expected to remain stable. Gross profit margin is forecast to improve to 52.7 per cent, supported by favourable exchange rates and strategic price increases of around 10 per cent for 30 per cent of stock keeping units (SKUs). Operating profit is projected at ¥25.9 billion, and ordinary profit at ¥33.9 billion. Net income is estimated at ¥25.4 billion. The company will continue to focus on profitability and cost control, added the release.
Fibre2Fashion News Desk (SG)
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