Comprehensive net income soared to ¥13,384 million ($121.4 mm) from ¥1,091 million in the first quarter helped by a big positive swing in foreign currency translation adjustments, as revenues gained 3% to ¥87,714 million ($795.8 mm) from ¥85,236 million. Excluding currency adjustments and other comprehensive items, the bottom line was 7% lower at ¥10,050 million against ¥10,793 million. Gross margin narrowed 190 basis points to 38.7%, but Shimano held the line on expenses, which were flat in yen and leveraged 60 b.p. as a percent of sales. Shimano maintained its full year sales forecast of ¥365 billion, up 5% from ... Log in to view full article.