The bottom line at the high-end Japanese golf club maker swung to a ¥1,119.8 million ($7.5 mm) profit for the fiscal year ended Mar. 31, compared to last year’s loss of ¥264.2 million on 3% higher revenues of ¥22,259.7 million ($149.1 mm) from ¥21,672.1 million.

Net loss attributable to shareholders at the luxury skiwear and lifestyle brand narrowed to $1,590,000 from $7,325,000 for the fiscal fourth quarter ended Mar. 31 as channel mix shifts and operational improvements translated to significant margin improvement.

Under Dog has let its brand partnership deal with the WNBA lapse this year, thereby requiring players to cover the brand’s logos on footwear to comply with the league’s licensing agreement with Nike.

The ratings agency affirmed GSM Outdoors’ B3 corporate family rating with a stable outlook and noted that leverage declined to 5.7x over the last 12 months, with further improvement expected.

National Park recreational visits dipped 3% year-over-year last month to 31,566,392 from 32,383,785, and year-to-date visits were off 2% to 109,424,318 against 111,577,323.