Net income soared to ¥10,485 million ($99.0 mm) in the first quarter from a loss of ¥243 million last year, on a 25% gain in revenues to ¥106,549 million ($1,006.0 mm) from ¥85,341 million. E-commerce outperformed, growing 86% overall, led by a 125% gain in Europe and 106% in North America, and accounting for 13.1% of sales, up from 8.8% last year. The OneAsics membership program now has 4.1 million members, up 82% from Q1 ’20. Gross margin was up 280 basis points to 49.9% helped by the additional online sales, while SG&A was down 6% in yen, mostly due ... Log in to view full article.