Onward HD The final deficit of 2.4 billion yen for the March-May period, the new corona is hit July 19 at 19:14
The apparel giant Onward Holdings' financial results from March to May were hit by temporary closure of a department store that opened due to the spread of the new coronavirus infection, and the final loss was a loss of more than 2.4 billion yen. It was.
According to the financial results of Onward Holdings, which develops fashion brands such as “23 Wards” and “Five Continents” from March to May, sales decreased by 34.9% from the same period of last year to 42.2 billion yen. , The final profit and loss was a loss of more than 2.4 billion yen.
This is the first time in 14 years that the company has been in the red.
Due to the spread of the new coronavirus, the department stores entering the tenants were temporarily closed for business, and the rent and personnel expenses paid during the holidays were recorded as extraordinary losses.
The forecast for the one-year period until February next year is undecided, as the impact of the new coronavirus cannot be predicted.
In the apparel industry, Sanyo Shokai also made a final deficit of 4.5 billion yen by the end of May this year, and clothing chain giant "Shimamura" also made a final deficit of 1.2 billion yen. I'm out.
Onward will close 700 unprofitable stores during the current fiscal year, while strengthening online shopping and restructuring management.