Net income declined 36% in fiscal Q3 ended Dec. 31 to ¥1,108 million ($7.8 mm) from ¥1,737 million hurt by a gross margin that contracted 280 basis points to 40.9% and SG&A that increased by 50%. Cost headwinds included the weakening yen, higher raw materials prices, and increased spending on marketing and personnel. Revenues jumped 54% to ¥29,540 million ($208.9 mm) from ¥19,188 million, boosted by double-digit gains in all categories and geographies. North America grew 32% in the quarter to ¥1,306 million ($9.2 mm), but was outpaced by ... Log in to view full article.