and ST shares fall despite 35% rise in operating profit for August interim period
and ST HD Co., Ltd. <2685> reversed course lower. and ST HD released its consolidated financial results for the Aug interim period after market close on Sep 30, reporting net sales of 152.11 billion yen (up 1.9% year-on-year), operating profit of 10.731 billion yen (up 34.6%), and net profit of 5.951 billion yen (down 0.6%). Despite a substantial jump in operating profit, the results appeared to have a limited upward impact on the share price.
In the brand retail segment, the core Adastria brand performed well, offsetting withdrawal from the U.S. business and a decline in wholesale. The platform segment also advanced steadily. Improvements in initial markup rates and markdown suppression through tighter inventory control lifted gross profit margins, resulting in record-high net sales and operating profit for a first-half period.
and ST HD maintained its full-year guidance for the fiscal year ending Feb 2027, keeping its prior forecasts unchanged: net sales of 314 billion yen (up 3.2% year-on-year), operating profit of 17.2 billion yen (up 4.1%), and net profit of 10.5 billion yen (up 10.5%).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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