United Arrows, a Japanese clothing brand has shared its crucial financial results for FY 2024.
The company’s revenue has jumped to ¥ 134.3 billion, which is up 3.2 per cent from FY 2023. This revenue jump was in line with analyst estimates. Looking forward, revenue is predicted to increase to 3.7 per cent p.a. on average throughout the upcoming 3 years, linked to a 6.7 per cent growth prediction for the specialty retail industry in Japan.
Net income for the company has increased to ¥ 4.88 billion which is up 12 per cent from FY 2023. The company’s profit margin has risen to 3.6 per cent, which is up from 3.3 per cent in FY 2023. The increase in margin was pushed by greater revenue achieved by the company in the current fiscal year.
Taking into account the latest results, the most recent consensus for United Arrows from analysts is for revenues of ¥ 143.1 billion in 2025. If met, it would imply a credible 6.6 per cent increase on its revenue over the past 12 months.
