Tutuanna, a hosiery and underwear retailer (headquartered in Osaka), recorded consolidated sales of ¥22.53 billion (a 9% increase from the previous year) for the fiscal year ending July 2013, its 10th consecutive year of revenue growth. Operating profit figures are not disclosed.
In recent years, the company has been focusing on store openings in China. Consolidated sales for the fiscal year ending July 2013 were ¥21.516 billion (a 7% increase from the previous year), and sales in China were ¥1.012 billion. While small in size, these figures represent a 108% increase over the previous year, doubling the previous year. This is due to accelerated store openings. Note that these domestic sales figures are preliminary, and do not include offsetting between group transactions between Japan and China. The company currently has 205 stores in Japan and 43 in China. By the fiscal year ending July 2014, the company aims to increase this to a total of 298 stores, with 220 stores in Japan and 78 in China.
In terms of sales by category, socks grew to ¥14.652 billion (a 9% increase year-on-year), and innerwear grew to ¥7.851 billion (a 9% increase year-on-year). In the innerwear category, the elegance line for career women, launched in the fall of 2013, drove sales. Until now, the company's innerwear was primarily priced at ¥1,900 for young people, but the introduction of the elegance line, priced ¥1,000 to ¥2,000 more expensive, has led to steady sales growth.
For the fiscal year ending July 2014, consolidated sales are expected to reach ¥29.826 billion (a 33% increase year-on-year). The company aims to increase domestic sales to ¥27.791 billion and sales in China to ¥2.035 billion. Meanwhile, by category, the company has announced plans to increase sock sales to ¥19.34 billion and innerwear sales to ¥10.522 billion.
In recent years, the company has been focusing on store openings in China. Consolidated sales for the fiscal year ending July 2013 were ¥21.516 billion (a 7% increase from the previous year), and sales in China were ¥1.012 billion. While small in size, these figures represent a 108% increase over the previous year, doubling the previous year. This is due to accelerated store openings. Note that these domestic sales figures are preliminary, and do not include offsetting between group transactions between Japan and China. The company currently has 205 stores in Japan and 43 in China. By the fiscal year ending July 2014, the company aims to increase this to a total of 298 stores, with 220 stores in Japan and 78 in China.
In terms of sales by category, socks grew to ¥14.652 billion (a 9% increase year-on-year), and innerwear grew to ¥7.851 billion (a 9% increase year-on-year). In the innerwear category, the elegance line for career women, launched in the fall of 2013, drove sales. Until now, the company's innerwear was primarily priced at ¥1,900 for young people, but the introduction of the elegance line, priced ¥1,000 to ¥2,000 more expensive, has led to steady sales growth.
For the fiscal year ending July 2014, consolidated sales are expected to reach ¥29.826 billion (a 33% increase year-on-year). The company aims to increase domestic sales to ¥27.791 billion and sales in China to ¥2.035 billion. Meanwhile, by category, the company has announced plans to increase sock sales to ¥19.34 billion and innerwear sales to ¥10.522 billion.
