Net income dropped 36% to ¥2,021 million ($14.0 mm) in the fiscal first half ended Sep. 30, from ¥3,146 million last year, on a revenue increase of 2% to ¥120,052 million ($830.8 mm) from ¥118,028 million. Gross margin contracted 40 b.p. to 38.0%, while SG&A increased 4% in yen, deleveraging 70 b.p. to 35.6% of sales. General sporting goods and shoes led gains with a 13% increase to ¥42,651 million as sports apparel ticked up 3% to ¥12,753 million and the small winter sporting goods category grew 14% ... Log in to view full article.