Wacoal's domestic lingerie business goes flat as stores shrink and retailers cut promotions, while US and UK acquisitions carry group growth
Wacoal Holdings' core domestic lingerie business lost ground as department stores and other retailers shrank its floor space and cut back on in-store promotions, even as the group's overall revenue rose 9.4% -- entirely on last year's US and UK acquisitions, not on anything happening in Japan.
Wacoal Holdings Corp. (ワコールホールディングス) said on 12 November that group revenue for the six months to 30 September 2026 rose 9.4% to ¥95.75bn under IFRS, but operating profit fell 83.2% to ¥3.61bn and net profit fell 67.2% to ¥4.08bn.