Japan, Goldwin Financials FY 2014. Reports Solid Growth

Goldwin Inc, which holds the rights to manufacture, distribute or retail nearly two dozen sporting goods brands across Asia, reported sales of ¥54.9 billion ($549 mm) for the fiscal year ended March 31, up 4.5 percent from a year earlier.

In addition to its own skiwear brand, the Japanese company operates several The North Force stores in Japan and also distributes apparel from Helly Hansen, Filson, Icebreaker, Fischer, Speedo, Champion and Danskin.

Establishes in 1950 in Oyabe, Toyama. Goldwin  manufacture and sales of mountain climbing, ski socks and ski sweaters in 1959. The company developed woven skiwear in 1968 and by 1972 Goldwin products are being used in the Olympic Games in Sapporo.

The company became an official supplier of the Ski Team Sweden Alpine in 1987, developing “Metal Flash Pad SL Pants” to absorb impact of the racing poles.

Goldwin reported operating income grew 16.6 percent to ¥2.2 billion ($22 mm), or 4.0 percent of sales, up 40 basis points from fiscal 2013. Net income increased 14.5 percent to ¥3.0 billion ($30mm).

The company ended the fiscal year with merchandise and finished goods, work in process and raw materials and supplies valued at ¥10.5 billion ($105 mm), up 7.1 percent from a year earlier.&nbsp

In its initial forecast for the fiscal year ended March 31, 2015, Goldwin said it expects net sales to decline 1.9 percent in the six months ended Sept. 30, 2014 and rise 0.2 percent for the full fiscal year. The forecast calls for operating income to decline 81 and 9.9 percent and net income to decline by 85.9 and 0.7 percent respectively during the two periods.

Full Financial Report with tables: Here

By press release