On the 12th, Lapine announced its consolidated financial results for the fiscal year ending February 2013. Sales were ¥11.184 billion, operating income ¥228 million, and ordinary income ¥216 million. Net income was ¥185 million.
Starting this fiscal year, the company changed its fiscal year end from March 20th to the end of February. Since the consolidated fiscal year for this fiscal year covers 11 months and 8 days, from March 21, 2012, to February 28, 2013, year-on-year comparisons are not shown. While sales declined for the third consecutive fiscal year, net income increased for the third consecutive fiscal year.
In its core wholesale business, the company's development of new products tailored to consumer needs, a timely and appropriate production system, and effective promotions focused on retailers contributed to increased sales and improved profitability. Thanks in part to a recovery in winter items, sales reached ¥9.06 billion and operating income reached ¥184 million.
In the retail business, two new directly managed stores were opened during the current consolidated fiscal year. Subsidiary Bellrapica closed two unprofitable stores and promoted operational efficiency. Sales were 2,124 million yen and operating profit was 47 million yen. For the next fiscal year, the wholesale business will work to ensure stable profits by revitalizing core brands and improving brand value by developing and nurturing new brands. In the retail business, the company will strive to improve the profitability and profitability of existing stores, while aiming to quickly get select stores and directly managed import stores on track.
For the next fiscal year, the company forecasts sales of 11.8 billion yen, operating profit of 240 million yen, ordinary profit of 220 million yen, and net profit for the period of 160 million yen.
Starting this fiscal year, the company changed its fiscal year end from March 20th to the end of February. Since the consolidated fiscal year for this fiscal year covers 11 months and 8 days, from March 21, 2012, to February 28, 2013, year-on-year comparisons are not shown. While sales declined for the third consecutive fiscal year, net income increased for the third consecutive fiscal year.
In its core wholesale business, the company's development of new products tailored to consumer needs, a timely and appropriate production system, and effective promotions focused on retailers contributed to increased sales and improved profitability. Thanks in part to a recovery in winter items, sales reached ¥9.06 billion and operating income reached ¥184 million.
In the retail business, two new directly managed stores were opened during the current consolidated fiscal year. Subsidiary Bellrapica closed two unprofitable stores and promoted operational efficiency. Sales were 2,124 million yen and operating profit was 47 million yen. For the next fiscal year, the wholesale business will work to ensure stable profits by revitalizing core brands and improving brand value by developing and nurturing new brands. In the retail business, the company will strive to improve the profitability and profitability of existing stores, while aiming to quickly get select stores and directly managed import stores on track.
For the next fiscal year, the company forecasts sales of 11.8 billion yen, operating profit of 240 million yen, ordinary profit of 220 million yen, and net profit for the period of 160 million yen.
