The ease of government restrictions and vaccinations was not enough to stop Alpen’s downward spiral as net income attributable to shareholders dropped 60% to ¥3,296 ($28 mm) from ¥8,335 ($72 mm) for the nine-months through Mar. 31, as revenues inched lower at 3% to ¥166,031 ($1,429 mm) from ¥171,570. The recovery from the pandemic has been hindered by new virus strains and demand for competitive sports was sluggish because of the resumption of activities was in stages. Winter supplies exceeded previous year’s results, however the low temperature and high snowfall was not enough to offset the impact of soaring raw ... Log in to view full article.