Descente Q1 Net Improves on Small Sales Gain
Net income attributable to owners increased 28% to ¥975 million ($8.9 mm) from ¥764 million in the fiscal first quarter ended Jun. 30 on 2% higher revenues at ¥30,776 million ($282.1 mm) vs. ¥30,180 million driven by sales of Le Coq Sportif in Japan and Descente in China. In what is Descente’s smallest quarter, sales to Europe and Americas declined 6% to ¥476 million ($4.4 mm). The home Japan market increased 1% to ¥11,634 million while the Asia region gained 3% to ¥18,665 million on a slight improvement in the large Korean business and a 10% jump in China.
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