Adastria Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended May 31, 2021
June 30, 2021 at 02:00 am EDT
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Adastria Co., Ltd. reported consolidated earnings results for the first Quarter ended May 31, 2021. For the quarter, the company reported net sales of JPY 46,387 million against JPY 33,267 million a year ago. Operating profit was JPY 624 million against loss of JPY 4,758 million a year ago. Net income attributable to owners of the parent was JPY 269 million against loss of JPY 3,681 million a year ago. Net income per share were JPY 5.98 against loss of JPY 78.12 a year ago.
Adastria Co Ltd, formerly Adastria Holdings Co Ltd is mainly engaged in the apparel and miscellaneous goods retail business. The domestic product sales business includes casual fashion brands such as Global Work, LOWRYS FARM, LEPSIM, JEANASiS and RAGEBLUE, and lifestyle brands such as nico and ..., studio CLIP and BAYFLOW.It develops e-commerce (EC) specialized brands such as apres jour. It develops fashion apparels for adults under the brands such as Babylon and BARNYARDSTORM. The Company operates its business under the brand Velvet by Graham and Spencer in the United States. The logistics business, goods are received, inspected, stored and shipped. In order to efficiently purchase products when expanding to multiple stores, the Company inspects and stores the received products by the central buying method and ships the products in a timely manner.
ADASTRIA CO., LTD. 
