Himaraya Swings to Profit in Q3
Comprehensive net income jumped to ¥746 million ($6.6 million) from ¥171 million last year in the fiscal third quarter ended May 31, on flat revenues of ¥19,844 million ($174.5 million) vs. ¥19,755 million. Outdoor equipment and camping goods sales were positives, but soccer apparel and equipment were soft. The golf market in Japan is extremely competitive right now, with sales declining slightly despite efforts to strengthen the product lineup, especially in apparel and accessories.
Gross margin contracted by 10 basis ... Log in to view full article.