Descente Net Down Slightly in Q2
Net income fell 6% to ¥2,291 million ($20.3 mm) from ¥2,440 million as sales rose 1% to ¥66,768 million ($591.9 mm) from ¥65,959 million. The net result exceeded its forecast while the top line result was short. Sales in Japan were up 1% to ¥274 billion and up 2% in Korea to ¥333 billion but sales in EMEA/Americas, China and Other Asian markets were down slightly. By category, athletic sales increased 3% to ¥462 billion but golf ... Log in to view full article.