The Japanese apparel company eked out a ¥211 million ($2.0 mm) profit in the fiscal fourth quarter ended Mar. 31 against a loss of ¥4,251 million the prior year on 5% lower revenues at ¥30,224 million ($285.4 mm) down from ¥31,693 million. Gross margin dipped 60 basis points to 52.0%, while SG&A was down 18% in yen, and 810 b.p. as a percent of sales. The home market and South Korea both inched up 1% to ¥13,941 million and ¥15,749 million, respectively, but China fell 58% to ¥532 million and the U.S. and European business was eliminated last spring. Athletic ... Log in to view full article.