---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-070830"
form_type: "8-K"
ticker: "JRSH"
cik: "0001696558"
company_name: "Jerash Holdings (US), Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T23:11:11.860863+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Jerash Q2 revenue falls 17% to $37.8M; net income drops to $1.8M; announces JV with Busana

## Summary
- Net income $1.8M ($0.14/diluted) vs $4.4M ($0.39) YoY; gross margin 18.3% vs 22.1%.
- Signed MOU for JV with Busana Apparel Group to produce garments for their retail customers in Jordan; expected close H1 2023.
- Added Timberland and Skechers as new customers; initial shipments begin in fiscal Q3.
- Q3 revenue guidance $33-35M; full-year gross margin 16-18%.
- Quarterly dividend $0.05/share declared, payable Nov 28 to holders of record Nov 18.

## SEC filing metadata
- accession: 0001213900-22-070830
- form_type: 8-K
- ticker: JRSH
- cik: 0001696558
- company_name: Jerash Holdings (US), Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1696558/000121390022070830/0001213900-22-070830-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1696558/000121390022070830/ea168294-8k_jerashhold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-070830
- JSON: https://secwatch.observer/filing/0001213900-22-070830.json
- Plain text: https://secwatch.observer/filing/0001213900-22-070830.txt

## Key facts
- Earnings Releases
  Jerash Holdings (US), Inc. reported fiscal year 2023 second quarter, ended September 30, 2022 results: revenue $37.8 million, net income $1.8 million, EPS $0.14 per diluted share. Guidance raised.
  - Period: fiscal year 2023 second quarter, ended September 30, 2022
  - Revenue: $37.8 million
  - Net income: $1.8 million
  - EPS: $0.14 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: prices and smaller quantities from both existing and new customers,” Lee added. Fiscal Year 2023 Second Quarter Results Revenue for the fiscal year 2023 second quarter was $37.8 million, compared with $45.7 million in the same quarter last year. The decrease was primarily due to lower sales to the Company’s two major customers and higher inflation and higher
  evidence_url: https://www.sec.gov/Archives/edgar/data/1696558/000121390022070830/0001213900-22-070830-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.