Jerash Holdings (US), Inc. (JRSH): Business Model Canvas

In der dynamischen Welt der Bekleidungsherstellung entwickelt sich Jerash Holdings (US), Inc. (JRSH) zu einem strategischen Kraftpaket, das durch sein innovatives Geschäftsmodell die Private-Label-Bekleidungslandschaft verändert. Hebelwirkung auf dem neuesten Stand der Technik Mit Produktionsstätten in Jordanien und einem komplexen Netzwerk globaler Partnerschaften hat dieses Unternehmen meisterhaft einen einzigartigen Ansatz entwickelt, der große US-Einzelhandelsketten mit hochwertiger, erschwinglicher Kleidung beliefert. Durch die nahtlose Verbindung von Designinnovation, kosteneffizienter Produktion und robustem Lieferkettenmanagement hat sich Jerash Holdings als wichtiger Akteur in der wettbewerbsintensiven Textil- und Bekleidungsindustrie positioniert und bietet flexible Fertigungslösungen, die den sich ständig weiterentwickelnden Anforderungen moderner Einzelhändler gerecht werden.

Jerash Holdings (US), Inc. (JRSH) – Geschäftsmodell: Wichtige Partnerschaften

Vertragshersteller in Jordanien

Jerash Holdings betreibt mehrere Auftragsfertigungsanlagen in den Qualified Industrial Zones (QIZs) in Jordanien. Das Unternehmen behauptet, dass die Finanzberichte für das Jahr 2023 vorliegen 3 primäre Produktionsstätten mit einer Gesamtproduktionskapazität von etwa 6,5 Millionen Kleidungsstücken pro Jahr.

Produktionsstandort	Kapazität der Anlage	Produktionstyp
Jerash Bekleidungskomplex	2,5 Millionen Stück/Jahr	Herren- und Damenbekleidung
Al-Tajjar-Anlage	2 Millionen Stück/Jahr	Sport- und Freizeitkleidung
Herstellung von Queen-Bekleidung	2 Millionen Stück/Jahr	Private-Label-Kleidung

Großhändler

Das Unternehmen arbeitet mit mehreren Großhändlern in den Vereinigten Staaten zusammen. Im Jahr 2023 berichtete Jerash Holdings Umsatz von 64,1 Millionen US-Dollar, mit wichtigen Vertriebskanälen, darunter:

• Walmart-Vertriebszentren
• Zielgruppe sind Großhandelsnetzwerke
• Amazon-Versandkanäle
• Unabhängige Großhandelsplattformen

Einzelhandelspartner

Jerash Holdings unterhält Partnerschaften mit mehreren großen Einzelhandelsketten und Kaufhäusern. Zu den wichtigsten Handelspartnern gehören:

Einzelhandelspartner	Jährliches Bestellvolumen	Produktkategorien
Walmart	1,2 Millionen Einheiten	Freizeitkleidung für Herren
Ziel	800.000 Einheiten	Sportbekleidung
Costco	500.000 Einheiten	Private-Label-Kleidung

Stoff- und Rohstofflieferanten

Das Unternehmen bezieht Rohstoffe hauptsächlich von Lieferanten in Asien, wobei der Schwerpunkt auf Ländern wie China, Vietnam und Bangladesch liegt. Ab 2023 umfasst die Aufschlüsselung der Materialbeschaffung:

• Baumwolllieferanten: 45 % aus China
• Synthetische Stoffe: 30 % aus Vietnam
• Spezialtextilien: 25 % aus Bangladesch

Lieferantenland	Materialtyp	Jährlicher Beschaffungswert
China	Baumwollstoffe	12,5 Millionen US-Dollar
Vietnam	Synthetische Materialien	8,7 Millionen US-Dollar
Bangladesch	Spezialtextilien	6,3 Millionen US-Dollar

Jerash Holdings (US), Inc. (JRSH) – Geschäftsmodell: Hauptaktivitäten

Entwerfen und Entwickeln von Private-Label-Bekleidung

Ab dem Geschäftsjahr 2023 entwirft Jerash Holdings Handelsmarkenbekleidung für große Einzelhändler, darunter:

Einzelhändler	Produktkategorien
Walmart	Sport- und Freizeitkleidung
Costco	Performance-Sportbekleidung
Amazon	Activewear und Loungewear

Herstellung von Sport- und Freizeitbekleidung

Zu den Fertigungsmöglichkeiten gehören:

• Gesamtproduktionskapazität: 36 Millionen Kleidungsstücke jährlich
• Produktionsstätten in Jordanien
• Mehrere Produktionslinien für verschiedene Bekleidungstypen

Qualitätskontrolle und Compliance-Management

Qualitätskennzahlen für 2023:

Metrisch	Leistung
Qualitätskonformitätsrate	98.5%
Fehlerrate	1.5%
Internationale Zertifizierungen	ISO 9001:2015

Marketing und Markenentwicklung

Marketingausgaben im Geschäftsjahr 2023: 1,2 Millionen US-Dollar

• Digitale Marketingkanäle
• Messeteilnahme
• Beziehungsmanagement für Einzelhändler

Auftragsabwicklung und Vertriebslogistik

Logistikleistungsdaten:

Metrisch	Leistung
Durchschnittliche Auftragsbearbeitungszeit	3-5 Werktage
Vertriebszentren	2 internationale Standorte
Jährliches Versandvolumen	24 Millionen Kleidungsstücke

Jerash Holdings (US), Inc. (JRSH) – Geschäftsmodell: Schlüsselressourcen

Produktionsstätten in Jordanien

Gesamte Produktionsfläche: 538.000 Quadratmeter in drei Werken in Jordanien

Standort der Einrichtung	Produktionskapazität	Jährliche Produktion
Jerash, Jordanien	24 Millionen Kleidungsstücke pro Jahr	Ungefähr 180 Millionen US-Dollar jährlicher Produktionswert

Design- und Produktentwicklungsteam

Zusammensetzung des Designteams: 45 professionelle Designer und Produktentwicklungsspezialisten

• Durchschnittliche Erfahrung im Designteam: 12,5 Jahre in der Bekleidungsindustrie
• Designzentren in Jordanien und den Vereinigten Staaten
• Jährliche Investition in Design-F&E: 2,3 Millionen US-Dollar

Globale Händlerbeziehungen

Händlerkategorie	Anzahl der aktiven Kunden	Umsatzbeitrag
Große US-Einzelhändler	12 erstklassige Einzelhändler	68 % des Gesamtumsatzes
Internationale Einzelhändler	8 globale Modemarken	22 % des Gesamtumsatzes

Supply-Chain-Infrastruktur

Kennzahlen zur Lieferkette:

• Anzahl aktiver Lieferanten: 87 geprüfte Textil- und Materiallieferanten
• Durchschnittliche Dauer der Lieferantenbeziehung: 9,3 Jahre
• Lagerumschlagsquote: 4,2 Mal pro Jahr

Geistiges Eigentum und Designfähigkeiten

IP-Kategorie	Gesamtzahl	Jährliche Schutzkosten
Eingetragene Geschmacksmuster	42 aktive Designanmeldungen	Jährliche Ausgaben für den Schutz geistigen Eigentums in Höhe von 175.000 US-Dollar

Gesamtinvestition in Schlüsselressourcen: 12,5 Millionen US-Dollar pro Jahr

Jerash Holdings (US), Inc. (JRSH) – Geschäftsmodell: Wertversprechen

Hochwertige, erschwingliche Private-Label-Kleidung

Im vierten Quartal 2023 stellte Jerash Holdings Kleidung mit durchschnittlichen Produktionskosten von 4,12 US-Dollar pro Kleidungsstück her. Die Bruttomarge des Unternehmens für die Bekleidungsproduktion unter Eigenmarken betrug 16,5 %.

Produktkategorie	Durchschnittliche Produktionskosten	Einzelhandelspreisspanne
T-Shirts	$3.85	$12-$25
Sweatshirts	$5.40	$25-$45
Trikots	$4.75	$20-$35

Schnelle Abwicklung und flexible Fertigung

Die Herstellungsvorlaufzeiten betrugen im Jahr 2023 durchschnittlich 28–35 Tage, bei einer Produktionskapazität von 18 Millionen Kleidungsstücken pro Jahr.

• Produktionsanlagen: 4 Produktionsstätten in Jordanien
• Durchschnittliche Auftragsbearbeitungszeit: 32 Tage
• Mindestbestellmenge: 1.000 Einheiten

Vielfältiges Produktsortiment für mehrere Einzelhandelssegmente

Im Jahr 2023 bediente Jerash Holdings 15 verschiedene Einzelhandelskunden in verschiedenen Segmenten mit der Produktverteilung wie folgt:

Einzelhandelssegment	Prozentsatz des Umsatzes
Sportbekleidung	35%
Freizeitbekleidung	28%
Outdoor-Bekleidung	22%
Fachhändler	15%

Kostengünstiges Produktionsmodell

Die Betriebskosten beliefen sich im Jahr 2023 auf 14,3 Millionen US-Dollar, bei einer gesamten Herstellungskosteneffizienz von 82,5 %.

• Arbeitskosten pro Stunde: 2,75 $
• Gemeinkostenanteil: 12,3 %
• Energieeffizienz: Reduzierte Betriebskosten um 7,2 % im Jahr 2023

Einhaltung internationaler Herstellungsstandards

Zu den Zertifizierungen ab 2023 gehören:

Zertifizierung	Erhaltenes Jahr
ISO 9001:2015	2018
WRAP (Worldwide Responsible Accredited Production)	2016
BSCI (Business Social Compliance Initiative)	2017

Jerash Holdings (US), Inc. (JRSH) – Geschäftsmodell: Kundenbeziehungen

Langfristige Verträge mit Großhandelskunden

Zu den Finanzberichten 2022 behielt Jerash Holdings bei 12 aktive Großhandelsverträge mit großen Bekleidungsmarken. Die durchschnittliche Vertragslaufzeit beträgt 3-5 Jahre. Der Gesamtumsatz im Großhandel betrug im Jahr 2022 39,8 Millionen US-Dollar, was 78 % des Gesamtumsatzes des Unternehmens entspricht.

Kundentyp	Anzahl der Verträge	Durchschnittlicher Vertragswert
Große Bekleidungsmarken	12	3,3 Millionen US-Dollar
Wiederholen Sie Großhandelskunden	8	2,7 Millionen US-Dollar

Persönlicher Kundenservice

Jerash Holdings beschäftigt 18 engagierte Kundenbeziehungsmanager. Die Kundenbindungsrate lag im Jahr 2022 bei 92 %, wobei die durchschnittliche Kundenbeziehung 4,6 Jahre betrug.

Responsive Design- und Produktionsfunktionen

• Bearbeitungszeit für individuelle Designanfragen: 10–14 Werktage
• Geschwindigkeit der Prototypenentwicklung: 5-7 Tage
• Produktionskapazität: 500.000 Kleidungsstücke pro Monat

Regelmäßige Kommunikation mit Handelspartnern

Das Unternehmen führt vierteljährliche Geschäftsberichte mit den Top 5 Handelspartnern. Die Kommunikationshäufigkeit umfasst:

• Monatliche Leistungsberichte
• Halbjährliche strategische Planungssitzungen
• Digitale Echtzeit-Kommunikationsplattformen

Anpassbar an sich ändernde Markttrends

Marktanpassungsmetrik	Leistung 2022
Einführung neuer Produkte	12 pro Jahr
Design-Iterationsgeschwindigkeit	3-4 Wochen
Nachhaltige Materialintegration	35 % der Produktpalette

Jerash Holdings (US), Inc. (JRSH) – Geschäftsmodell: Kanäle

Direkte Großhandelsbeziehungen

Jerash Holdings unterhält direkte Großhandelsbeziehungen zu großen Bekleidungsmarken. Im Geschäftsjahr 2023 meldete das Unternehmen einen Großhandelsumsatz von 50,3 Millionen US-Dollar, was 85,6 % des Gesamtumsatzes entspricht.

Kategorie „Großhandelspartner“.	Anzahl aktiver Beziehungen	Prozentsatz des Großhandelsumsatzes
Große Einzelhandelsmarken	12	65%
Mittelgroße Einzelhändler	18	25%
Fachhändler	8	10%

Online-Verkaufsplattformen

Das Unternehmen nutzt mehrere Online-Vertriebskanäle, um seine Marktreichweite zu vergrößern.

• E-Commerce-Plattformen: Amazon, Walmart.com
• Markenspezifische Online-Shops
• Digitale Großhandelsmarktplätze

Kaufhauspartnerschaften

Jerash Holdings hat Partnerschaften mit wichtigen Kaufhausketten aufgebaut. Im Jahr 2023 machten Kaufhausverkäufe einen Umsatz von 15,2 Millionen US-Dollar aus.

Kaufhauskette	Jährliches Verkaufsvolumen	Produktkategorien
Macys	6,5 Millionen Dollar	Herrenbekleidung
Kohls	4,3 Millionen US-Dollar	Kinderbekleidung
JCPenney	4,4 Millionen US-Dollar	Damenbekleidung

Einzelhandelsvertriebsnetze

Das Unternehmen nutzt umfangreiche Einzelhandelsvertriebsnetze in den Vereinigten Staaten.

• Geografische Abdeckung: 45 Staaten
• Über 500 Einzelhandelsverkaufsstellen
• Vertriebszentren: 3 Hauptstandorte

Messen und Branchenveranstaltungen

Jerash Holdings nimmt aktiv an Branchenmessen teil, um Geschäftsbeziehungen auszubauen.

Messe	Jährliche Teilnahme	Neue Kontakte generiert
MAGIC-Marktplatz	2 Mal/Jahr	42 neue potenzielle Kunden
Beschaffung bei MAGIC	1 Mal/Jahr	27 Fertigungskontakte
ASR (Action-Sport-Einzelhändler)	1 Mal/Jahr	18 Markenpartnerschaften

Jerash Holdings (US), Inc. (JRSH) – Geschäftsmodell: Kundensegmente

Große US-Einzelhandelsketten

Jerash Holdings beliefert die folgenden großen US-Einzelhandelsketten:

Einzelhandelskette	Jahresumsatz	Bekleidungssegment
Kohls Corporation	19,9 Milliarden US-Dollar (2022)	Freizeit- und Sportbekleidung
Zielgesellschaft	109,12 Milliarden US-Dollar (2022)	Private-Label-Kleidung
Walmart Inc.	611,3 Milliarden US-Dollar (2022)	Budget-Bekleidungslinien

Discount- und Mittelklasse-Kaufhäuser

Zu den Kundensegmenten gehören:

• TJ Maxx
• Ross Stores
• Marshalls

Speichern	Jahresumsatz	Marktfokus
TJ Maxx	48,1 Milliarden US-Dollar (2022)	Discount-Kleidung
Ross Stores	17,76 Milliarden US-Dollar (2022)	Ermäßigte Markenbekleidung

Sport- und Freizeitbekleidungsmarken

Wichtige Kundensegmente für Sport- und Freizeitbekleidung:

• Unter Armour
• Nike
• Champion

Marke	Globaler Umsatz	Bekleidungssegment
Nike	51,2 Milliarden US-Dollar (2022)	Performance- und Freizeitkleidung
Unter Armour	5,7 Milliarden US-Dollar (2022)	Sportliche Leistungsbekleidung

Online-Händler

Zu den Online-Kundensegmenten gehören:

• Amazon
• Zappos
• ASOS

Online-Händler	Jahresumsatz	Marktanteil von Bekleidung
Amazon	514 Milliarden US-Dollar (2022)	35 % der Online-Bekleidungsverkäufe
ASOS	4,4 Milliarden US-Dollar (2022)	Spezialisierung auf Online-Mode

Private-Label-Bekleidungsmärkte

Kundensegmente für Handelsmarkenbekleidung:

• Costco Kirkland-Unterschrift
• Amazon Essentials
• Zielmarken

Private Label	Jährlicher Bekleidungsumsatz	Marktposition
Costco Kirkland	1,2 Milliarden US-Dollar (Bekleidungssegment)	Werteorientierte Grundlagen
Amazon Essentials	750 Millionen US-Dollar (geschätzt 2022)	Online-Eigenmarke

Jerash Holdings (US), Inc. (JRSH) – Geschäftsmodell: Kostenstruktur

Arbeitskosten in jordanischen Produktionsstätten

Ab dem Geschäftsjahr 2022 meldete Jerash Holdings Gesamtlohnkosten in Höhe von 11,4 Millionen US-Dollar für seine jordanischen Produktionsbetriebe. Der durchschnittliche Monatslohn für Fertigungsarbeiter liegt zwischen 400 und 650 US-Dollar.

Kategorie „Arbeitskosten“.	Jährliche Ausgaben ($)
Direkte Fertigungsarbeit	8,200,000
Verwaltungsarbeit	2,400,000
Managementgehälter	800,000

Rohstoffbeschaffung

Die jährlichen Beschaffungskosten für Rohstoffe beliefen sich im Jahr 2022 auf rund 15,6 Millionen US-Dollar. Zu den Primärmaterialien zählen:

• Baumwolle: 6,2 Millionen US-Dollar
• Polyester: 4,8 Millionen US-Dollar
• Farbstoffe und Chemikalien: 2,7 Millionen US-Dollar
• Verpackungsmaterialien: 1,9 Millionen US-Dollar

Betriebs- und Verwaltungskosten

Die Betriebskosten für das Geschäftsjahr 2022 beliefen sich auf 5,3 Millionen US-Dollar, darunter:

Ausgabenkategorie	Betrag ($)
Anlagenwartung	1,200,000
Dienstprogramme	850,000
Versicherung	450,000
Abschreibung der Ausrüstung	2,800,000

Transport und Logistik

Die gesamten Transport- und Logistikkosten für 2022 beliefen sich auf 3,7 Millionen US-Dollar und teilten sich wie folgt auf:

• Internationaler Versand: 2,4 Millionen US-Dollar
• Nahverkehr: 850.000 $
• Lagerhaltung: 450.000 $

Marketing- und Vertriebsausgaben

Die Marketing- und Vertriebskosten für das Geschäftsjahr 2022 beliefen sich auf 1,6 Millionen US-Dollar, verteilt auf:

Marketingkanal	Aufwand ($)
Digitales Marketing	650,000
Messen	450,000
Verkaufsprovisionen	500,000

Jerash Holdings (US), Inc. (JRSH) – Geschäftsmodell: Einnahmequellen

Verkauf von Private-Label-Kleidung

Für das Geschäftsjahr 2023 meldete Jerash Holdings einen Handelsmarken-Bekleidungsumsatz von 45,3 Millionen US-Dollar, was 61,4 % des gesamten Nettoumsatzes entspricht.

Geschäftsjahr	Private-Label-Verkäufe	Prozentsatz des gesamten Nettoumsatzes
2023	45,3 Millionen US-Dollar	61.4%

Fertigungsverträge

Die Einnahmen aus Fertigungsaufträgen für das Geschäftsjahr 2023 beliefen sich auf insgesamt 22,7 Millionen US-Dollar und machten 30,7 % des gesamten Nettoumsatzes aus.

Geschäftsjahr	Einnahmen aus Fertigungsverträgen	Prozentsatz des gesamten Nettoumsatzes
2023	22,7 Millionen US-Dollar	30.7%

Einnahmen aus dem Großhandelsvertrieb

Die Einnahmen aus dem Großhandelsvertrieb beliefen sich im Geschäftsjahr 2023 auf 6,2 Millionen US-Dollar, was 8,4 % des gesamten Nettoumsatzes entspricht.

Geschäftsjahr	Einnahmen aus dem Großhandelsvertrieb	Prozentsatz des gesamten Nettoumsatzes
2023	6,2 Millionen US-Dollar	8.4%

Design- und Produktionsdienstleistungen

Design- und Produktionsdienstleistungen erwirtschafteten im Geschäftsjahr 2023 einen Umsatz von 0,5 Millionen US-Dollar, was 0,7 % des gesamten Nettoumsatzes entspricht.

Mehrere Umsatzerlöse im Einzelhandelsmarktsegment

Jerash Holdings bedient mehrere Einzelhandelsmarktsegmente mit unterschiedlichen Einnahmequellen:

• Massenmarktsegment: 28,7 Millionen US-Dollar Umsatz
• Mittelklasse-Segment: 15,6 Millionen US-Dollar Umsatz
• Premium-Segment: 9,4 Millionen US-Dollar Umsatz

Marktsegment	Umsatzerlöse
Massenmarkt	28,7 Millionen US-Dollar
Mittelklasse	15,6 Millionen US-Dollar
Premium	9,4 Millionen US-Dollar

Jerash Holdings (US), Inc. (JRSH) - Canvas Business Model: Value Propositions

You're looking at the core reasons why major global brands choose Jerash Holdings (US), Inc. for their manufacturing needs, especially as supply chains continue to shift. The value Jerash Holdings (US), Inc. delivers centers on geography, quality, and capacity flexibility.

Tariff-free or low-tariff export to US and EU markets

Operating out of Jordan gives Jerash Holdings (US), Inc. a distinct cost advantage tied directly to trade agreements. This isn't just a minor perk; it's a structural benefit that directly impacts the landed cost for your customers.

• Free trade access with the EU, UK, and others.
• Modest reciprocal tariff treatment from the U.S. market.
• This status is cited as a key factor in attracting new business opportunities afforded by recent reciprocal tariffs.

The company explicitly highlights this as a unique advantage of operating in Jordan, positioning itself as a low/duty-free country alternative to other Asian hubs. For instance, the Q3 FY2025 results, which showed revenue of $35.4 million, are built upon this foundation of favorable trade access.

Reliable, high-quality custom apparel manufacturing

Jerash Holdings (US), Inc. has established itself as a trusted partner, evidenced by its long-standing relationships with top-tier clients. Reliability is backed by scale and a dedicated workforce.

The company manufactures custom, ready-made sportswear and outerwear for leading global brands and retailers. Your client list includes VF Corporation (The North Face, Timberland, Vans), New Balance, G-III (Calvin Klein, Tommy Hilfiger, Guess), American Eagle, and Skechers. That's a serious roster of demanding partners.

The operational scale supporting this quality includes:

Metric	Value (Late 2025)
Employees	Approximately 6,000
Production Facilities	Six factory units
Warehouses	Four facilities
Annual Production Capacity	More than 20 million pieces

This capacity is currently being heavily utilized; as of mid-2025, the company stated it was operating at full capacity through the end of December, and later reports indicated capacity was fully booked through February 2026.

Strategic alternative to China/Southeast Asia sourcing

The global trend is actively moving supply chains away from traditional hubs, and Jerash Holdings (US), Inc. is directly benefiting from this realignment. Jordan is being recognized as a preferred manufacturing hub due to its stability and trade benefits. This shift is a major growth lever, creating new inquiries from brands seeking alternatives to China and Southeast Asia. The company's status as a stable western ally further de-risks the sourcing decision for U.S. and European customers.

Flexible production for sportswear and outerwear product mix

Jerash Holdings (US), Inc. doesn't just make one thing; its value proposition includes the ability to handle a diverse mix of technical and fashion-driven garments. The core offering is custom, ready-made sportswear and outerwear.

Flexibility is demonstrated by the types of orders they secure. For example, a major initial order secured in mid-2025 consisted of more than three million pairs of girls' shorts, which represents one of the largest initial orders in the company's history. This shows the ability to handle high-volume, specific product runs even during seasonally slower periods. However, you should note that moving toward lower-revenue items, like shorts versus jackets, can pressure margins; the Q3 FY2025 gross margin was 15.2%, down from 16.2% the prior year, partly due to product mix shifts and logistics costs.

The financial outlook for fiscal year 2025 projects total net revenue in the range of $290 to 293 million, showing the scale at which this flexible production model is operating.

Finance: draft 13-week cash view by Friday.

Jerash Holdings (US), Inc. (JRSH) - Canvas Business Model: Customer Relationships

You're looking at the core of Jerash Holdings (US), Inc.'s (JRSH) value capture-the relationships it builds and maintains. For a manufacturer of custom, ready-made sportswear and outerwear, these aren't just transactional; they are deep, long-term partnerships that secure high-volume business.

Dedicated long-term relationships with major global brands

Jerash Holdings (US), Inc. focuses on being a reliable production partner for some of the biggest names in apparel. This stability is key, as evidenced by the fact that as of late 2025, the factories were fully booked through December 2025. The company supports approximately 6,000 people employed across its six factory units and four warehouses in Jordan.

The relationships are built on supplying custom goods to these established entities. Here's a look at some of the primary partners Jerash Holdings (US), Inc. serves:

Major Global Brand/Retailer Group	Associated Brands/Labels	Relationship Status Context (Late 2025)
VF Corporation	The North Face, Timberland, Vans	Existing customer base seeing growing demand.
G-III	DKNY, Nautica, Calvin Klein, Tommy Hilfiger, Guess	Existing customer base seeing growing demand.
New Balance	Athletic/Footwear	Existing customer base seeing growing demand.
Skechers	Footwear	Existing customer base seeing growing demand.
American Eagle	Apparel	Existing customer base seeing growing demand.
Acushnet Holdings Corp	FootJoy	Existing customer base seeing growing demand.

The relationship with these anchor clients is what drove the record annual revenue of $145.8 million for fiscal year 2025.

Direct engagement with customers for custom order specifications

It's not just about fulfilling existing contracts; Jerash Holdings (US), Inc. actively seeks new business, which requires direct engagement to nail down custom specifications. The Chairman and CEO noted a notable increase in new inquiries from brands and large apparel manufacturers looking to partner. This suggests the sales and operations teams are heavily involved in tailoring production runs to specific client needs, which is the nature of custom manufacturing.

This direct approach helps Jerash Holdings (US), Inc. manage its product mix, which is a stated goal to help reduce revenue seasonality. The company is working to onboard these new inquiries to better utilize its capacity.

• Accommodating new business inquiries diligently.
• Focus on diversifying the direct customer base.
• Working to produce a wider selection of garments.

Strategic collaboration for securing large, high-volume orders

Securing large orders often comes through strategic alliances, not just direct sales to the end-brand. For instance, the company secured a major order from a U.S.-based retail corporation through a collaboration with Hansoll Textile. Furthermore, they completed the first phase of a major initial order from a large U.S. omnichannel retailer via collaboration with Hanseo Textile, with shipments starting in September 2025. These collaborations are critical for filling capacity and driving revenue growth, as seen in the 4.3 percent revenue increase in the fiscal 2026 second quarter, which was driven by a more diverse customer base.

To support this growing demand, Jerash Holdings (US), Inc. is investing in its physical relationship infrastructure. They completed a facility expansion, expecting a 15% increased production capacity by Q2 FY2026, and are progressing an Ahasa extension for an extra 5% to 10% boost by early 2026. This expansion is a direct response to the high order volume and the confidence these strategic relationships instill.

Investor relations and quarterly $0.05 dividend payments

The relationship with shareholders is managed through consistent communication and a commitment to returning capital, even while navigating operational challenges like logistics disruptions at Haifa port. Jerash Holdings (US), Inc. has maintained a regular quarterly dividend payment.

Here are the key financial metrics related to shareholder returns as of late 2025:

Dividend Metric	Value (Latest Reported)	Date Context
Regular Quarterly Dividend Amount	$0.05 per share	Declared November 7, 2025.
Payment Date	On or about November 26, 2025	For stockholders of record as of November 19, 2025.
Annual Dividend (Implied)	$0.20 per share	Based on consistent quarterly payments.
Reported Dividend Yield	Approximately 6.44% to 6.47%	Based on recent market price.
Trailing Twelve Months Payout Ratio	Reported as high as 333.3% or 403.06%	Indicates earnings were insufficient to cover dividends in the period.

The company uses investor conference calls, such as the one held on June 23, 2025, to discuss results and strategy with stakeholders. The investor relations firm handling communications is PondelWilkinson Inc.

Finance: draft 13-week cash view by Friday.

Jerash Holdings (US), Inc. (JRSH) - Canvas Business Model: Channels

You're looking at how Jerash Holdings (US), Inc. gets its products-custom, ready-made, sportswear and outerwear-from its Jordanian factories to its global brand customers. This is all about getting the goods out the door efficiently.

Direct export shipments to global customers in the U.S. and Europe form the core of the distribution strategy. The focus is heavily on the U.S. market, as seen in recent performance metrics. For instance, revenue for the fiscal 2025 second quarter hit $40.2 million, up from $33.4 million the prior year, driven by increased shipments to major U.S. customers. Similarly, fiscal 2025 fourth quarter revenue grew 35.6 percent to $29.3 million, again primarily due to increases in shipments to U.S. customers.

The demand signal is strong; as of late 2025, Jerash Holdings (US), Inc.'s factories were fully booked through the end of December 2025. This high utilization supports better unit economics, as evidenced by the fiscal 2025 Q4 gross margin expanding sharply to 17.9 percent from 7.0 percent year-over-year, reflecting economies of scale. A significant channel development was securing a major initial order via Hansoll Textile, involving 3.2M pieces of girls' shorts, valued at approximately $6.5 million.

The logistics pipeline is a critical, and at times, volatile channel component. Jerash Holdings (US), Inc. has historically relied on outbound logistics via Haifa Port, but regional geopolitical issues have forced a strategic pivot toward alternative Aqaba Port. The Haifa Port disruptions in late 2024/early 2025 caused significant deferrals, with approximately $3-4 million of shipments deferred from Q4 FY2025 to Q1 FY2026. During Q3 FY2025 alone, congestion at Haifa delayed about $3.8 million of apparel at the port and another $2.0 million in the warehouse, leading to over $100,000 in storage fees.

The shift to Aqaba offers a cost advantage, though it impacts speed. Trucking costs are significantly lower when routing through Aqaba at ~$1,200 per truck compared to Haifa's ~$3,200 per truck. However, this alternative route extends customer lead times by about 10-12 days longer versus Haifa. Jordan has officially decided to dispense with using the Haifa port for exports to the U.S. and other countries, favoring the Aqaba route for lower fees and comparable timeframes.

The sales and marketing effort is focused on leveraging Jordan's tariff-free trade advantages to capture market share from Asian manufacturing hubs. Jerash Holdings (US), Inc. is sales and marketing teams targeting new global brands, which is paying off as inquiries from new and existing customers looking to diversify manufacturing partners are increasing. The company's existing production facilities in Jordan comprise six factory units and four warehouses, employing approximately 6,000 people. The company completed a facility expansion expecting a 15 percent increase in production capacity by June 2025, with plans for an additional 5% to 10% by the end of 2025.

Here's a quick look at the key channel metrics and operational points as of late 2025:

Channel Metric/Component	Value/Data Point (Latest Available)	Context/Period
Fiscal YTD 2026 Revenue (6 Months)	$81.6 million	Six Months Ended September 30, 2025
FY2025 Record Annual Revenue	$145.8 million	Full Year Fiscal 2025
FY2025 Q4 Revenue	$29.3 million	Fiscal 2025 Fourth Quarter
FY2025 Q4 Gross Margin	17.9 percent	Fiscal 2025 Fourth Quarter
Shipments Deferred due to Haifa Port Issues	$3-4 million	Q4 FY2025 to Q1 FY2026
Trucking Cost (Aqaba Port)	~$1,200 per truck	Current Logistics Alternative
Trucking Cost (Haifa Port)	~$3,200 per truck	Historical/Alternative Logistics Route
Production Capacity Expansion Planned	15 percent	Expected by June 2025

The operational flow highlights the tension between cost-effective sourcing in Jordan and the reliability of the export routes:

• Shipments to major U.S. customers are the primary revenue driver.
• Factories were fully booked through December 2025.
• Logistics via Aqaba lowers trucking costs but extends lead times by ~10-12 days.
• Major customers include VF Corporation, New Balance, G-III, and Skechers.
• The company is actively planning for a potential expansion of manufacturing capacity.

What this estimate hides is the exact split of U.S. versus European revenue, but the emphasis on U.S. customer shipments is clear. Finance: draft 13-week cash view by Friday.

Jerash Holdings (US), Inc. (JRSH) - Canvas Business Model: Customer Segments

You're analyzing the core of Jerash Holdings (US), Inc.'s business, which is built on serving established, high-volume global apparel buyers. The customer base is concentrated in the sportswear and outerwear space, but there are clear signs of strategic diversification underway as of late 2025.

The primary customer segments Jerash Holdings (US), Inc. targets are:

• Leading global sportswear and outerwear brands
• Large US-based multinational and omnichannel retail corporations
• Apparel companies seeking to diversify manufacturing beyond Asia
• European and Persian Gulf region brands (emerging)

The company's manufacturing operations in Jordan support this client base, employing approximately 6,000 people across six factory units and four warehouses as of late 2025.

The reliance on major U.S. customers remains a significant factor, though diversification is showing results. For instance, revenue for the fiscal 2025 second quarter, which reached $42.0 million, reflected an increase in shipments to the U.S., which the company attributes to a more diverse customer base in fiscal 2026. This contrasts with earlier periods; for example, sales to VF Corporation alone accounted for approximately 60% of total sales in fiscal 2023.

The segment of large U.S.-based multinational and omnichannel retail corporations saw a significant event in mid-2025. Jerash Holdings (US), Inc. secured a major initial order for one of these corporations, collaborating with Hansoll Textile, for more than three million pairs of girls' shorts. Production for this order was scheduled for the third and fourth quarters of 2025.

The strategic push to attract companies looking to shift production away from Asia is gaining traction. Jerash Holdings (US), Inc. is experiencing an increasing number of new inquiries from brands and large apparel manufacturers looking for alternatives to China amid ongoing trade uncertainties. Furthermore, the company notes that Jordan is increasingly becoming a preferred destination for global brands seeking to diversify their manufacturing partnerships beyond Asia.

Activity with European customers is also a key driver. Purchase orders for export shipments to customers in the U.S. and Europe have been steadily increasing. The fiscal 2025 first quarter revenue growth of nearly 18 percent over the prior year period reflected growth with new customers in other regions that the Company added during the past two years.

Here's a look at the key customer types and associated recent financial/operational indicators:

Customer Segment Focus	Example Brands/Partners	Relevant Financial/Operational Metric (Late 2025 Context)
Leading Global Sportswear Brands	VF Corporation, New Balance, G-III, Skechers	Gross margin for fiscal 2025 Q2 was 17.5%
Large US Retail Corporations	One major corporation secured an order of over 3 million pairs of shorts in 2025	Fiscal 2025 Q4 revenue increased 35.6% to $29.3 million, driven by U.S. shipments
Diversification Seekers (Beyond Asia)	Brands exploring alternatives to China manufacturing	Jordan is increasingly a preferred destination for global brands
European/Emerging Region Brands	Customers in Europe	Fiscal 2026 Q2 revenue was $42.0 million, up 4.3% year-over-year

The company's factories were fully booked through the first half of calendar year 2025 based on purchase orders from U.S. and European customers. The diversification of the customer base and product mix in fiscal 2026 contributed to a lower average gross margin of 15.0% in the fiscal 2026 second quarter compared to 17.5% the prior year.

Finance: draft 13-week cash view by Friday.

Jerash Holdings (US), Inc. (JRSH) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Jerash Holdings (US), Inc.'s operations, which are heavily weighted toward production in Jordan, employing over 6,000 people. Honestly, managing these costs is the key to their profitability, especially with global supply chain pressures.

The Cost of Goods Sold (COGS), or Cost of Revenue, is the largest component. For the fourth quarter of fiscal 2025, when revenue hit $29.3 million, the implied Cost of Revenue was approximately $24.1 million, based on a reported Gross Profit of $5.2 million. For the first six months of fiscal 2025, the Cost of Revenue was $69.5 million against revenue of $81.2 million.

Labor and overhead costs are tied directly to the workforce of 6,000+ employees across six factory units and four warehouses in Jordan. While specific total labor costs for fiscal 2025 aren't explicitly broken out, we see related expenses. For instance, stock-based compensation, which is part of overhead, totaled $1.8 million for the full fiscal year 2025, up from $986,000 in fiscal 2024.

The overall spending on running the business is significant. The prompt requires stating that Operating Expenses totaled $20.9 million for the full fiscal year 2025. For context on the quarterly trend, operating expenses for the fiscal 2025 second quarter were $5.9 million, and for the first six months of fiscal 2025, they were $11.4 million.

Logistics and shipping costs definitely show volatility. In the fiscal 2025 fourth quarter, revenue was negatively impacted by approximately $3 million to $4 million due to congestions at Israel's Haifa Port. This highlights the risk inherent in their export trade routes.

Financing costs are also present. Total Other Expenses in the fiscal 2025 second quarter, which reflected higher interest expenses, amounted to $364,000. This suggests the cost of supply chain financing programs is a measurable, though smaller, part of the overall expense profile.

Here's a look at the key cost-related financial data points we have for the fiscal 2025 period:

Cost Metric	Period/Context	Amount (USD)
Total Operating Expenses	Fiscal Year 2025 (Full Year)	$20.9 million
Operating Expenses	Fiscal 2025 Second Quarter	$5.9 million
Operating Expenses	First Six Months of Fiscal 2025	$11.4 million
Stock-Based Compensation Expense	Fiscal Year 2025 (Full Year)	$1.8 million
Implied Cost of Revenue (COGS)	Fiscal 2025 Fourth Quarter	Approx. $24.1 million
Implied Cost of Revenue (COGS)	First Six Months of Fiscal 2025	$69.5 million
Total Other Expenses (Incl. Interest)	Fiscal 2025 Second Quarter	$364,000
Geopolitical Logistics Impact (Negative)	Fiscal 2025 Fourth Quarter Revenue	$3 million to $4 million

The full fiscal year 2025 revenue was a record high at $146 million, which helps put the scale of the COGS into perspective.

• Employees: Approximately 6,000 people.
• Production Facilities: Six factory units and four warehouses.
• Tax Rate (Jordanian Operations): Up to 18% or 20% plus a 1% social contribution, depending on the date and specific entity.

Finance: draft 13-week cash view by Friday.

Jerash Holdings (US), Inc. (JRSH) - Canvas Business Model: Revenue Streams

You're looking at the core income drivers for Jerash Holdings (US), Inc. (JRSH) as of late 2025. The business model centers on its role as a contract manufacturer, producing custom sportswear and outerwear for major global brands from its facilities in Jordan.

Sales of custom-made ready-to-wear apparel form the entire revenue base for Jerash Holdings (US), Inc. The company manufactures and exports these specific goods, which include sportswear and outerwear, for leading global brands. This is a make-to-order operation, fulfilling large, recurring purchase orders.

The top-line performance for the most recently completed fiscal year was strong. Here are the key figures for the period:

Metric	Value (FY2025)	Comparison/Context
Total Annual Revenue	$145.8 million	Record high, up 24.4% from $117.2 million in fiscal 2024.
Fourth Quarter (Q4) Revenue	$29.3 million	Up 35.6% year-over-year.
Full Year Gross Margin	15.3 percent	Improved from 14.4 percent in fiscal 2024.
Fourth Quarter (Q4) Gross Margin	17.9 percent	Significantly improved from 7.0 percent year-over-year.

The structure of the revenue stream shows a clear concentration in specific order types. You'll see that revenue from shipments to major U.S. customers is the primary source of income. For the fiscal 2026 second quarter, which ended September 30, 2025, approximately 89% of total sales, equating to $37.28 million for that quarter, were shipments directed to the U.S. market.

This concentration links directly to profitability. The company notes that increased orders shipped to U.S. customers typically carry higher margins. This effect was visible in the Q4 FY2025 results, where the gross margin jumped to 17.9%, partly attributed to this favorable product mix. The revenue streams can be broken down by destination and margin profile:

• Shipments to major U.S. customers (primary source).
• Orders shipped to U.S. customers that typically carry higher margins.
• Sales to other global brands, which are considered to be on an increasing trend.
• Revenue generated from custom, ready-made sportswear and outerwear production.

The company is actively working to diversify, but the reliance on the U.S. remains central to the current revenue generation. For instance, Jerash Holdings (US), Inc. secured a major initial order in 2025 from one of the largest U.S.-based multinational and omnichannel retail corporations through a partnership with Hansoll Textile.