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AXXZIA Reports 86% Drop in Fiscal Nine-Month Profit

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AXXZIA (TYO:4936) reported a nearly 86% decline in attributable profit to 30.2 million yen for the first three quarters of the fiscal year ending July 31, from 211 million yen a year ago mainly due to weaker Chinese e-commerce sales.

The company's basic earnings per share (EPS) fell to 1.32 yen from 8.99 yen a year ago, according to a stock exchange filing on June 12.

Net sales fell 1.9% to 9.89 billion yen from 10.08 billion yen a year earlier.

For the year ending July 31, the cosmetics manufacturer expects an attributable loss of 105 million yen, net sales of 13.50 billion yen, and a year-end dividend per share of 5 yen.

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