Net income improved by 11% in the fiscal third quarter ended Dec. 31 to ¥5,006 million ($32.5 mm) from ¥4,512 million, on 9% higher sales of ¥60,837 million ($394.8 mm) up from ¥55,751 million. Gross margin expanded by 40 basis points to 42.8%, while operating expenses were held to 7% growth, leveraging 60 b.p. to 33.1% of the top line. Inventory finished the quarter at ¥56.7 billion, up 8% from a year ago. Mizuno is still guiding for ¥260,000 million in revenues for the full year and ¥16,500 million in net ... Log in to view full article.