Apparel TSI of "Nano Universe" 61.4 billion yen deficit in half-year settlement October 2, 18:01
TSI Holdings Co., Ltd., a major apparel company that develops brands such as "Nano Universe," reported that sales for the six months to August fell sharply due to the temporary closure of department stores due to the spread of the new coronavirus infection. The final loss was 14.4 billion yen.
As announced by TSI Holdings, sales for the six months to August were 56.2 billion yen, 31% lower than the same period last year.
Due to the spread of the new coronavirus infection, department stores were closed and sales opportunities were reduced, resulting in a net loss of 14.4 billion yen.
The deficit at this time was the first in two years, and the deficit amount was the largest ever.
The company has decided to close 122 stores in Japan and overseas and reduce the number of employees by 300 by February next year.
The forecast for the year ending February next year, which was announced at the same time, is that although the operating loss will be 17.8 billion yen, the final profit is expected to be 50 million yen due to the sale of the real estate owned.
Masaaki Oishi, director of TSI Holdings, said, "It is important to change the selling method as well as the selection of products to handle and expand online shopping. I want to improve the quality of the profit content." I showed the idea that I want to rebuild.