Wacoal Holdings lowers Q2 earnings forecast on sluggish sales

Wacoal Holdings Corp. has revised its consolidated earnings forecast for the six months ended September 30, 2025 (Q2 FY2026). Revenue is now projected at JPY 87,000 million, a JPY 9,000 million decrease from the previous forecast of JPY 96,000 million. Business profit is expected to be JPY 3,000 million, down JPY 2,300 million from JPY 5,300 million. Operating profit is revised to JPY 21,000 million, a JPY 1,600 million reduction from JPY 22,600 million.

Net profit attributable to owners of parent is now forecast at JPY 12,000 million, a JPY 2,470 million decrease from the prior JPY 14,470 million. Basic earnings per share are consequently revised to JPY 235.76, down from JPY 280.11.

The primary reason for the revision is continued sluggish sales, particularly in women's innerwear in major markets. While Wacoal Corporation's high-priced products exceeded targets, overall sales for major brands like WACOAL and Wing fell short. Wacoal International (U.S.) also underperformed due to a challenging retail environment and restrained wholesale purchasing. Additionally, a minor fire at a Wacoal Europe logistics warehouse impacted e-commerce shipments for two months, though insurance benefits are expected for merchandise and fixture losses.