Men's clothing “Aoyama Shoji” to the first final deficit since its establishment

Men's clothing “Aoyama Shoji” to the first final deficit since its establishment November 8, 19:39

Aoyama Shoji Co., Ltd., a major men's clothing company that develops “Aoyama of Clothes,” has revised its business forecast for the current fiscal year downward, mainly due to a loss associated with the business of an American fashion brand handled by a group company in Japan. Clarified that the final profit and loss will be the first deficit since its establishment.

Aoyama Shoji is planning to close the American fashion brand “American Eagle Outfitters”, a group company in Japan, and will close it at the end of December. Announced on the 8th. A loss of excess yen was recorded.

Along with this, Aoyama Shoji revised its earnings forecast for the current fiscal year downward and announced that it will have a net loss of 2 billion yen.

This is the first time Aoyama Shoji has fallen into the final deficit since its establishment in 1964.

Also, in the interim financial results up to September, the sales of the entire group was 101,882 million yen, 3.1% lower than the same period of the previous year.

Mr. Koichi Yamane, Managing Executive Officer of Aoyama Shoji, who was interviewed, said, “The business wear business such as men's clothing is in a tough situation. I want to turn it into a business. "