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Article Date: May 2017
Word Count: 165

Japan’s Globeride and Goldwin Post Profit Gains

Globeride comprehensive net income jumped to ¥2,365 million ($21.7 million) from ¥859 million benefitting from a ¥1 billion positive swing in comprehensive items, but revenues were flat at ¥79,142 million ($727.4 million) from ¥79,026 for the fiscal year ended Mar. 31. The appreciating yen boosted home market sales in what otherwise would have been a down year for the Daiwa fishing parent, but pushed sales down in export markets. Gross margin expanded 50 basis points to 36.4%.


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