Net income attributable to shareholders dropped 55% to ¥5,226 million ($40.3 mm) in the fiscal year ended June 30 from a record high of ¥11,488 last year, on flat revenues of ¥232,332 ($1,791.3 mm) versus ¥233,215. Gross margin at the Japanese retailer contracted by 220 basis points to 39.8% on the sluggish sales and new store openings. Strong golf gear sales drove the top line, inching up 5% to ¥93,126 million, helped by increased player participation. General sporting goods sales declined 8% to ¥47,034 million as ... Log in to view full article.