JINS HOLDINGS ( (JNDOF) ) has released its Q1 earnings. Here is a breakdown of the information JINS HOLDINGS presented to its investors.
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JINS Holdings Inc., a company listed on the Tokyo Stock Exchange, specializes in the retail eyewear industry, providing a wide range of eyeglasses and optical products both domestically and internationally.
The company’s recent earnings report for the three months ending November 30, 2024, highlighted a significant growth in both sales and profits. The company’s net sales rose to ¥21,056 million, indicating a 15.9% increase compared to the previous year. Operating profit saw an impressive jump of 83.8%, reaching ¥2,003 million, while profit attributable to owners of the parent skyrocketed by 127.3% to ¥1,317 million.
The key drivers of this financial performance include a robust domestic eyewear market and strategic expansion in overseas markets. The domestic segment saw a 19% rise in sales, driven by popular products such as the redesigned ‘Airframe’ and high-priced lenses. The overseas segment also experienced growth, particularly in Taiwan and the United States, despite challenges in China and Hong Kong.
Looking ahead, JINS Holdings remains optimistic about its financial performance, with projected net sales of ¥90,100 million for the fiscal year ending August 31, 2025. The company continues to focus on expanding its retail presence and product innovation to sustain its growth trajectory.
