Business UpdateJun 18, 2026, 05:26 PM
Jerash Holdings Details Operations, Customer Reliance, and Expansion Plans in 10-K Filing
AI Summary
Jerash Holdings (JRSH) filed its annual report on Form 10-K, detailing its business operations as a manufacturer of customized sportswear and outerwear from Jordan. The company serves major brands including VF Corporation, which represented 52.3% of sales in fiscal 2026. Jerash Holdings operates eight factories and six warehouses with a significant production capacity. The report also outlines various credit facilities, including a $5.0 million facility with DBS Bank, and details the company's tax structure and recent property acquisition for a new factory.
Key Highlights
- Jerash Holdings manufactures and exports customized sportswear and outerwear from Jordan for brands like VF Corporation, New Balance, and Hugo Boss.
- The company operates eight factories and six warehouses with a total annual capacity of approximately 24 million pieces as of March 31, 2026.
- VF Corporation accounted for 52.3% of sales ($87.02M) in fiscal 2026 and 65% ($94.15M) in fiscal 2025.
- New Balance sales were $22.76M (13.7%) in fiscal 2026, up from $17.87M (12.2%) in fiscal 2025.
- The company has a credit facility of up to $5.0 million with DBS Bank (Hong Kong) Limited, with $4.9M outstanding as of March 31, 2026.
- A new factory in Al Tajamouat Industrial City is scheduled to commence production in fiscal 2027.
- The company is subject to a 20% corporate income tax rate plus a 1% social contribution in Jordan, with a tax concession of 10% plus 1% social contribution effective October 1, 2025.
Price Impact
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