Sanyo Shokai Ltd.

Sanyo Shokai Ltd. is a long-established apparel manufacturer rebuilding after the “Burberry shock.” Its defining feature is department-store-focused menswear and womenswear, including coats, combined with a turnaround led by proprietary brands after ending its dependence on Burberry. Established in 1943, the company sells menswear, womenswear, and accessories through department stores, specialty stores, and directly operated stores. Burberry licensing was once its main business, but the license expired in 2015, causing a downturn referred to as the “Burberry shock.” Stronger proprietary brands later helped the company post its first operating profit in 7 fiscal years in the fiscal year ended February 2023, and the turnaround is continuing. Fiscal year-end: February.