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Jerash Holdings (US), Inc. makes clothing to customers’ specifications through its operating subsidiaries. Customers approve samples before placing purchase orders, and Jerash buys materials, manufactures the garments in Jordan and sells them to those customers. Customers designate most suppliers of materials such as fabric, zippers and labels. Outerwear accounts for most revenue.
VF Corporation supplies the majority of sales, with much of Jerash’s output sold under VF’s The North Face, Timberland and Vans brands. Neither VF nor other customers have long-term contracts or minimum-purchase commitments, so the business depends on continued orders rather than guaranteed volumes.
The United States is the main sales market. Importers, typically Jerash’s customers, pay tariffs, but Jordan’s tariff treatment relative to competing manufacturing countries affects customer demand.
The parent company has no operations of its own and depends on transfers from subsidiaries to meet its obligations. Jordanian rules limit subsidiary dividends to accumulated profits and require reserves that cannot be distributed as cash dividends.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Jerash’s results hinge especially on VF Corporation’s orders for The North Face, Timberland and Vans—52.3% of fiscal 2026 sales—and on Jordan’s tariff competitiveness.
G-Iii Apparel Group Ltd pays Jerash to make garments for its apparel business, contributing $3.799 million, or 2.3%, of Jerash’s fiscal 2026 sales. G-III designs and sells clothing through wholesale and retail channels but owns no factories, making its garment purchases the direct link to Jerash’s revenue.
Acushnet Holdings Corp.’s apparel purchases helped lift Jerash’s revenue in fiscal 2026 as Jerash shipped more to this customer. Acushnet sells golf equipment and golf and ski apparel; its apparel purchases, rather than its golf-ball or club sales, are the direct link to Jerash.
Columbia Sportswear Co and Jerash both depend on outdoor-clothing demand: Columbia sells to retailers and consumers, while Jerash mainly makes The North Face outerwear for VF Corporation. Columbia’s outdoor-apparel sales and retailer orders offer a read on the demand that matters to Jerash’s factory business.
Amer Sports, Inc. and Jerash share exposure to outdoor-apparel demand: Amer sells Arc’teryx technical outerwear, while Jerash mainly makes The North Face outerwear for VF Corporation. Watch Amer’s Arc’teryx-led Technical Apparel sales for a view of demand for performance outdoor clothing, rather than orders placed with Jerash.
Columbia Sportswear Co earningsCOLM
Columbia Sportswear’s report will show whether outdoor-apparel sales and retailer orders support demand in the market for The North Face outerwear made by Jerash Holdings.
Compare Columbia’s outdoor-apparel sales with retailer orders. If both hold up, demand for outdoor clothing and retailers’ appetite to stock it look supportive of the market for VF’s The North Face line. If both weaken, the market backdrop is softer, but that does not establish that VF has reduced orders to Jerash.
Jerash Holdings (US), Inc. earningsThis company
Jerash Holdings makes garments to customer orders, and its report will show whether newer customers can add profitable volume while VF still accounts for more than half of sales.
Read revenue growth alongside VF’s share of sales and gross margin. Growth from newer customers, a falling VF share and a steady margin would show that new orders are diversifying the customer base without eroding factory efficiency. If growth still depends mainly on VF, or the margin slips, customer concentration or production costs remain a concern.
