JAPAN: Textiles Up In Teijin's Gloomy Outlook
Polyester manufacturer Teijin Ltd today posted a 13 per cent drop in fiscal first-half group net profit of 7.2 billion yen ($59.9 million), compared with 8.27 billion yen a year earlier, and said it was cutting its full-year forecast. For the period ended September 30 group sales grew 24 per cent to 456.1 billion yen from 366.66 billion yen as a result of recent mergers and acquisitions. Pre-tax profit slumped 27 per cent to 12.53 billion yen from 17.15 billion yen.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Steps to piloting living wage in garment factories
- How to ensure sustainability is more than a slogan
- Trump blows the case for Brexit out of the water
- US apparel retailers' November 2016 sales roundup
- Duty-free trade key to build Africa supply chains
- US Q3 in brief – Destination Maternity, Cherokee
- Esquel efficiency drive continues to boost brands
- Taiwan textile maker investing in first US plant
- Outdoor apparel sector set for double-digit growth
- Myanmar garment industry "lacking labour rights"