Slowing sales growth in the Americas and EMEA resulted in a 6% increase in fiscal Q2 net income to ¥3,112 million ($21.5 mm) from ¥2,924 million, on 8% higher revenues of ¥57,330 million ($396.7 mm) against ¥53,010 million. Gross margin was 20 basis points higher at 39.3%, while operating expenses bulged 13% in yen, deleveraging 150 b.p. as a percent of sales. Full-year guidance was maintained on the top and bottom lines, calling for revenues of ¥225,000 million and net income of ¥11,000 million.

After FQ1’s 46% jump, Americas sales could only ... Log in to view full article.