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Fast Retailing reports 30% dip in profit; revises its revenue forecast

Fast RetailingFast Retailing, a Japanese retail holding company, has witnessed 30 per cent dip in profit to US $ 401 million) for the quarter ended in November. The stock plunged 2.3 per cent to close at 38,140 yen, the lowest level since October 2014, after dropping as much as 7.4 per cent in Tokyo trading.

The retailer reported that its operating profit fell 17 per cent to 75.9 billion yen in the three months ended in November; however its sales increased 8 per cent to 520.3 billion yen, driven by expansion of Uniqlo’s (a wholly-owned subsidiary of Fast Retailing Co.) store-network overseas, the company said in an earnings announcement.

Also ReadUniqlo and Toray aim for 1 trillion Yen business

However, Uniqlo’s too noted that its business in foreign parts tumbled more than expected. Profit in the Greater Chinese market fell short of plans. In Hong Kong and Taiwan, a strong impact was felt from the mainland’s economic slowdown. Same-store sales in Japan, for outlets open for at least a year, were down 2.3 per cent in the first three months of the current financial year, as per Fast Retailing’s update released last month.

Furthermore, seeing the effect of warm weather on sales, Fast Retailing has revised its revenue forecast. Operating profit will now possibly be 180 billion yen in the year ending August 2016 against the company’s projection of 200 billion yen made in October last year. Besides, the company will launch its Spring clothing collection earlier and introduce products that are less “weather-sensitive”, to combat tough market conditions.

 

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Wearable Expo: Gunze Ltd develops underwear that can send health data

Wearable Textiles
Image Courtesy: kyodonews.net

Gunze Ltd, a Japan-based underwear maker, in collaboration with NEC Corp, has developed an innovative line of underwear that can measure not only the wearer’s heart rate, but also the calories consumed by the person. The metallic fabric used in the underwear can even detect whether the wearer’s back is straight or not.

The underwear will be showcased in the upcoming trade fair in Tokyo at the Wearable Expo to be held from January 13 to 15.

According to the two firms developing the underwear, the metallic textiles serve as sensors for the health data, with the degree of stoop being quantified. These data will be automatically sent to a smartphone via wireless communication. The garment can, of course, be washed as the device for data sending is detachable. The machine-washable garment is supposed to render many services, including one in which a gym instructor can offer advice to customers based on their posture and other health information.

Also Read – IDTechEx Wearable USA 2015: Smart Garment Solution Showcased by Jabil and Clothing+

Currently, the firms are also developing an app for users of the underwear to browse data on their smartphone, so that the service for gym users can be launched by the end of March 2017.

Gunze has projected generation of 2.5 billion yen (approximately US $21 million) in sales from its wearable device in the fiscal 2020 through March 2021.

Also Read – Wearable tech now in Leviʼs Jeans

Smart Textile represents the next generation of textiles anticipated for use in several fashion, furnishing and technical textiles. The introduction of smart materials and computing technology in textile structures offers an opportunity to develop textiles with a new type of behaviour and functionality. In this regard there have been many significant developments in the area and medical textiles market is expected to have tremendous growth.

 

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Fast Retailing Announces US $ 10 Million Funds and Clothing to Refugees

Fast Retailing
Image courtesy: businessoffashion.com

Japan-based Fast Retailing which is the parent company of Uniqlo will provide US $ 10 million funds over next three years and distribute clothing for refugees in Europe. Through its in-store clothing recycling initiative, Fast Retailing has been working with the Office of the United Nations High Commissioner for Refugees (UNHCR) since last nine years. The fund will help UNHCR respond to emergencies and other acute humanitarian crises, and provide refugees in Asia with help to become self-reliant. This amount will also cover costs related to the distribution of donated clothing.

Also ReadFast Retailing to phase out hazardous chemicals

Till now, the apparel retailer has collected and distributed through UNHCR more than 10 million items of lightly used clothing to refugees across 37 countries. According to the UNHCR estimates, nearly 60 million people have been forced to flee their homes worldwide, with High Commissioner António Guterres stating that calling upon the robust support of the private sector is crucial for meeting the needs of the millions of families who have lost everything.

Fast Retailing Co. Ltd. is a public Japanese retail holding company. In addition to its primary subsidiary Uniqlo, it owns several other brands, including J Brand, Comptoir des Cotonniers, g.u., Princess Tam-Tam, and Theory.

 

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Uniqlo and Toray aim for 1 trillion Yen business

Uniqlo
                       Image Courtesy: japantimes.co.jp

With the aim of achieving business transactions worth 1 trillion Yen, apparel giant Uniqlo Co. and Tokyo-based fabric and textile maker Toray Industries Inc. have agreed upon another five-year strategic partnership as in next five years they will facilitate globalization to increase manufacturing and digitization to optimize production processes. Both the companies will expand production sites and capabilities in China and South-East Asia, as well as utilize available data to analyse customers’ needs to bring them what they want faster. The partnership between both the companies is 16-year-old and they have jointly developed new products including Uniqlo’s signature brands like Heattech and Airism.

Also Read – Uniqlo and Disney strengthen ties

The first five-year partnership, signed in 2006, achieved business worth about ¥ 250 billion and now it is their third five-year agreement, and they aim to achieve a combined ¥ 1 trillion in transactions. Tadashi Yanai, CEO of Uniqlo said, “We will become the world’s No. 1 brand with the partnership with Toray. Two companies can innovate by combining Toray’s production power and R&D expertise with Uniqlo’s merchandising and marketing skills.”

Uniqlo has 841 stores in Japan and 798 stores abroad while Toray Group has 98 subsidiary companies in Japan and 155 companies abroad. With global sales of ¥ 1.68 trillion (US $ 13.88 billion) for the 2015 fiscal year ending on August 31, 2015, Uniqlo is Japan’s leading specialty retailer.

Also Read – Uniqlo commits to increase sourcing from India

Furthermore, after the terror attack of ISIS in Paris, all the Uniqlo stores in Paris are now open. Some of the stores were temporarily closed but have now been reopened. Fast Retailing Co., parent company of Uniqlo also runs France-based Comptor des Cotonniers and Prince Tam Tan, which sell outfits and lingerie.

 

Kyocera to unveil highly robust printhead for digital textile printing

Kyocera to unveil highly robust printhead for digital textile printing
                    Image Courtesy: f-c.com.au

Japan-based Kyocera Corporation is set to launch an inkjet printhead featuring a new, highly robust design for digital textile printing soon. The company will start mass production this month. The Model: Inkjet printhead KJ4B-0300-G06DS comes with dimension of 200×45×68.5mm (W×D×H), maximum drive frequency of 30kHz, 300dpi resolution, effective print width of 112mm (approx. 4 inches), and water-based ink compatibility.

Read More Kiian Digital set to unveil new pigment-based ink at ITMA 2015

The demand for new technological innovation in increasing every day in the industry and to meet the present day requirement, Kyocera had developed a new, highly robust design which enhances printheads for use under the harsh conditions of digital textile printing. Furthermore, the product offers the advantage of simultaneous two-colour printing with one printhead, contributing to equipment downsizing. It also features the world’s widest effective print width of 112mm (approx. 4 inches), which simplifies equipment design and maintenance by further reducing the number of printheads.

Read MoreSensient debuts ElvaJet Swift ink for Epson DX print heads

The printhead can operate even when dipped in high-temperature reactive ink, confirmed by continuous acceleration tests (1,500 continuous hours of actuator operation dipped in ink with a temperature of 70°C equivalent to typical usage of more than two years).

Also Read High-speed textile printers by Rodin launched in India

Kyocera is among the leading suppliers of printing devices, printers, copiers, solar power generating systems, electronic components, semiconductor packages, cutting tools and industrial ceramics. During the year ended March 31, 2015, the company’s net sales totalled at approximately US $ 12.7 billion.

 

Japan introduces ‘J Quality’ logo for made in Japan apparel

J Quality logo
            Image Courtesy: tergamoda.atspace.co.uk

In order to support the high quality Japanese clothes against the rising imports, the Japan Fashion Industry Council has launched a certification system called ‘J Quality’ which certifies that the product’s entire manufacturing took place in Japan, from manufacturing of textile to stitching into garments, except the production of raw materials. A total of 135 products by 18 brands made by 10 companies have been certified till now and more are expected to get certified to fight the cheap apparel imports that have been posing tough competition to the Japanese goods. Imported garments accounted for 97 per cent of the total clothes in the Japanese market.

 

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SHIMA SEIKI to exhibit at A+A 2015

SHIMA SEIKI to exhibit at A+A 2015
                                 SHIMA SEIKI

SHIMA SEIKI will exhibit at A+A 2015 at Work International Trade Fair in Düsseldorf, Germany. On display will be a compact version of SHIMA SEIKI’s original computerized WHOLEGARMENT® knitting machine in ultrafine 18 gauge which is perfect for knitting gloves that provide optimum fit and bare-hand sensitivity for precision work, while addressing issues in safety protection with the capacity to perform knitting with variety of new technical yarns. At A+A we will demonstrate its use in knitting gloves with compression features, for sports and medical applications. The SWG041N2 machine is also capable of knitting various other items from knit caps, balaclavas and lining for protective headgear, to various joint supports, leggings and footwear. Its applications now extend to sports, medical and healthcare as well as other technical textile applications. Because WHOLEGARMENT® knitwear is produced in one entire piece without the need for sewing afterward, all such applications are available without seams for added comfort and reduced chance of skin irritation in hypoallergenic applications as well.

Also on display will be an updated version of SHIMA SEIKI’s SDS-ONE APEX3 3D design system demonstrating its role in WHOLEGARMENT® production through comprehensive support from planning and design to production and sales promotion, as well as its capability for Virtual Sampling. Ultra-realistic simulation capability allows Virtual Sampling to minimize the sample-making process.

 

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Shima Seiki to celebrate 20 years of WHOLEGARMENT technology

Image Courtesy: knittingindustry.com
                 Image Courtesy: knittingindustry.com

Introduced at ITMA 1995, Shima Seiki’s WHOLEGARMENT technology has completed 20 years and the company will put on display WHOLEGARMENT knitting machines at the 2015 edition as well.

The manufacturer will propose several novel ways to produce WHOLEGARMENT knitwear even more efficiently by exploiting 3D shaping and tubular knitting characteristics. Other exhibits include new versions of the SRY-LP series with special loop presser beds that debuted at ITMA Barcelona four years ago and led to the development of hybrid knit-weave fabrics.

At ITMA, Shima Seiki will also be showcasing the P-CAM NC cutting machine, to demonstrate its comprehensive strength and commitment to the textile industry as a whole.

Demonstrations will be performed on an updated version of its SDS-ONE APEX3 3D design system that provides comprehensive support for the entire knit supply chain from planning and design to production and sales promotion.

 

Tajima’s TMLX series can sew electric wires

Image Courtesy: tajima.com
                    Image Courtesy: tajima.com

Tajima’s TMLX Series machines is a 24 head multi-head sewer for sewing heater wires to a wide variety of applications such as apparel, buildings, electric blankets, car seats, steering wheel, engineering projects and plumbing covers. A computer-controlled head and frame sews heater wire automatically and precisely. The pitch between stitched wires can be accurately controlled for various wire diameters. Different thickness wires with or without insulation can be sewn using various kinds of attachments. Maximum 720° rotation of the zigzag swing attachment can be sewn the more complicated pattern rather than before.

In some conventional methods of production, the heater wire is attached using an adhesive then sandwiched and pressurized. This process may cause wire breaks. With the Heater Wire Sewing Machine, the conventional wire-laying problems are eliminated. The wire is stitched with a zigzag pattern to allow for expansion and contraction during pressurization and operation. This result in a much more durable and reliable product.

 

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Teijin Frontier to showcase Deltapeak at Première Vision Paris

Image Courtesy: knittingindustry.com
              Image Courtesy: knittingindustry.com

Teijin Group’s fibre-products converting company, Teijin Frontier will debut at Première Vision Paris, which will take place in Paris next week, with its next-generation polyester fabric which integrates physicality, functionality, and quality to a high degree. It is also said to offer ultraviolet protection, anti-transparency, as well as snag resistance due to its dense, flat-knit surface, making it an ideal material for use by sports apparel manufacturers. Teijin will also showcase its Solotex fibre, which is exceptionally soft, highly stretchable, shape-retaining and durable, and produces deep, vivid colours. 

 

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Konica Minolta to unveil high-resolution inkjet textile printers at ITMA 2015

Image Courtesy: businesswire.com
                  Image Courtesy: businesswire.com

Konica Minolta is set to unveil two new scan-type high-and medium-speed inkjet textile printers –Nassenger 8 and Nassenger 10, at ITMA 2015 (Milan, Italy) in November this year.

With a print speed of 580 sq. m. per hour, this Nassenger 10 can substitute a conventional flat screen printing machine; moreover, it produces high-volume printing as well as higher-quality reproduction of images. And, Nassenger 8 is best suited to customers who require medium-volume printing. With a print speed of 240 sq. m. per hour, Nassenger 8 ensures high productivity.

Both the models are equipped with newly-developed inkjet printheads. The models ship with 8 colours (CMYK + 2 special colours + 2 light colours), with another colour offered as an option, and use Konica Minolta’s own colourful disperse dye ink and GOTS certified reactive ink.

 

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80 percent exhibitor space at JIAM 2016 already booked

80 per cent exhibitor space at JIAM 2016 already booked
                     Image Courtesy: jiam-show.com

Japan Sewing Machinery Manufactures Association (JASMA) has announced that 80 per cent of the exhibition space of the Japan International Apparel Machinery & Textile Industry Trade Fair, ‘JIAM 2016 OSAKA,’ scheduled to be held from April 6-9, 2016 under the theme of ‘Innovative Solutions and Advanced Processing Technologies’, at INTEX OSAKA , has already been booked.

With eight months to go for the show, it is likely that the coming 11th edition will increase its exhibition size to accommodate more exhibitors.

The total exhibition size has grown by 11.7 per cent. The show will welcome overseas exhibitors from 10 countries/regions indicating the relevance of the show as an international business platform.