Goldwin has laid out a plan to reach an annual turnover of 125 billion yen (€940m-$1.15bn) by the financial year ending in March 2026, up from 100 billion this year, while transitioning to 100 percent recycled and biosynthetic materials. The Japanese company, which markets 18 different brands in its home country including The North Face, Helly Hansen, Canterbury and Danskin, says that this would put it on a path to zero waste manufacturing by 2020. In the near term, the group’s operating income is expected to decline by 6 percent to ¥14 billion (€105m-$128m) this year, due to investments in core systems and marketing, but the goal is to reach operating income of ¥21 billion (€160m-$190m) by 2025/26.