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Article Date: May 2020
Word Count: 175

Goldwin Sees Red Ink in Q4, Warns of Lower Sales and Profits in FY21


Net loss in fiscal Q4 ended Mar. 31 was ¥686 million ($6.3 mm) against income of ¥1,631 million last year on a 4% increase in revenues to ¥22,056 million ($202.4 mm) from ¥21,228 million at the Japanese apparel company. Gross margin gained 430 basis points to 49.6% and SG&A increased just 2%, leveraging 100 b.p. on the higher sales. For the full fiscal year, net income was up 17% to ¥10,770 million ($98.9 mm) from ¥9,243 million on a 15% topline gain to ¥97,899 million from ¥84,934 ... Log in to view full article.

 


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