Lingerie company Wacoal today (31 January) recorded a jump in nine-month net profit as the company said it continued to improve profitability through the structural reform of its domestic operations and through developing its Chinese business.

For the period ended 31 December, net income jumped 58.4% to reach JPY7.3bn as sales increased 2.9% to JPY132.1bn.

For the full-year, the company is forecasting that net income will increase 106.5% to JPY5.4bn as net sales rise 3.2% to JPY171bn.

The company attributed the growth to the "favourable performance of our core operating business, Walcoal brand and the expansion of our retail business".

"Our group (primarily Wacoal Corp) entered the second year of our three-year mid-term plan and sought to improve profitability through structural reform of our domestic business and made efforts to strengthening growth by actively developing our overseas business, mainly in China," the company said.

Over the period, sales were driven by the Wacoal brand, Peach John and its business in China.