Himaraya Profits Grow on Lower Top Line
Net income at the Japanese retailer expanded by 12% to ¥338 million ($3.0 mm) in the fiscal first quarter ended Nov. 30, from ¥301 million last year, despite 10% lower revenues of ¥13,232 million ($116.4 mm) down from ¥14,774 million. Outdoor equipment sales were strong, though warm weather continuing into Oct. hurt winter sports, and some restrictions on sports activities remain, despite the lifting of the Covid state of emergency. That has hurt sales of general sports ... Log in to view full article.