and ST HD Co., Ltd. (ACOLF), a Japan-based fashion group, on Monday reported its financial results for the first nine months of fiscal 2026 showing a slight decline in profitability despite higher sales.
Net income before income taxes for the period was 13.296 billion yen, down from 14.842 billion yen a year earlier. The decline primarily reflects higher extraordinary losses.
Extraordinary losses for the period included impairment losses of 192 million yen compared with 65 million yen last year, and losses on the sale of shares of subsidiaries and associates of 427 million yen.
Operating profit decreased to 13.893 billion yen from 14.770 billion yen in the previous year.
Net income attributable to owners of the parent was 9.557 billion yen or 207.12 yen per basic share, slightly down from 9.907 billion yen or 215.71 yen per basic share a year ago.
Net sales, however, rose to 227.372 billion yen from 220.089 billion yen a year earlier.
For the full year, net sales are expected to reach 305 billion yen, up 4.1% from the previous fiscal year. Net income attributable to owners of the parent is projected at 12.4 billion yen, a 29% increase, translating to net income per share of 267.86 yen.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.