Comprehensive net income swung to an ‎¥‎811 million ($7.0 mm) loss from a profit of ‎¥‎1,323 million on revenues that contracted slightly to ‎¥‎72,056 million ($625.5 mm) from ‎¥‎72,360 million. Revenues beat the Japanese retailer’s lowered guidance, which was revised after the Kumamoto earthquakes. Profits were hurt by 200 basis point lower gross margins at 36.1% on deeper discounts to clear merchandise as well as a one time ¥793 million impairment charge from the earthquakes. The company closed two Himaraya stores and opened seven during the year ending with 123; the Biando banner closed two and opened one, ending the ... Log in to view full article.