The Daiwa Fishing parent and Prince distributor in Japan had a loss of ¥835 million ($7.7 mm) in the final fiscal quarter ended Mar. 31 against a profit of ¥214 million last year, on 1% lower sales of ¥21,922 million ($201.2 mm) down from ¥22,045 million. Gross margin was up 10 basis points at 36.1% while SG&A was up 2% and 90 b.p. as a percent of sales. The coronavirus spread had a major impact on production and sales ... Log in to view full article.