Net income more than doubled to ¥2,353 million ($18.1 mm) in the first fiscal quarter ended June 30 from ¥1,133 million last year, as revenues grew by 18% to ¥26,425 million ($203.7 mm) against ¥22,481 million. The Japanese sportswear company’s gross margin was flat at 59.0%, while operating expenses grew 7% in yen, leveraging 500 basis points as a percent of sales. Sales were higher in every region, with Japan growing 29% to ¥12,096 milllion, South Korea up 8% to ... Log in to view full article.