Pou Chen’s board approves Q3 results, revealing a 31.4% YoY net profit decline to ¥10.581 billion. The footwear manufacturing business, impacted by weak consumer confidence and industrial adjustments, drops 16.4%, contributing to a 9.2% YoY consolidated revenue decrease. Meanwhile, sporting goods retail and brand agency business surge 6.6% YoY, comprising 36.4% of total revenue.
Despite a 10% YoY drop in consolidated operating gross profit to ¥44.399 billion, the overall gross profit margin slightly dips to 23.9%. Non-operating net income sees a 23.9% decline to ¥10.531 billion due to reduced investment income and foreign currency exchange benefits.
Pou Chen expresses confidence in a steady recovery amid global economic uncertainties but acknowledges challenges in core inflation and interest rates hindering global demand. The company emphasizes strengthening operational resilience, investing in digital transformation, and building core strengths.
