The total declared income of 45 Japanese units of famous overseas fashion brands marked a record high of 125.9 billion yen in fiscal 2004, up 3 percent from the previous year, credit research agency Teikoku Databank said Wednesday.
The agency said in a report that the boom in foreign fashion brands in Japan is not transitory and that the Japanese units of those brands have developed a basis for stable earnings by opening large retail stores at prestigious downtown locations and expanding their business.
LVJ Group K.K. remained the biggest earner of declared income among the units for the 12th straight year since the private credit-research agency began compiling the data in fiscal 1993.
LVJ Group, which sells Louis Vuitton brand products, declared 36.4 billion yen in income for the year that ended last March, up 3.1 percent from the previous year.