Net income bounced back in the fiscal year ended Mar. 31 to ¥3,836 million ($34.9 mm) from just ¥412 million the year before, as sales grew 10% to ¥223,282 million ($2,033.5 mm) from ¥202,438 million. The multi-banner Japanese retailer’s sales were up 7% in the final fiscal quarter, with a boost from the Winter Olympics and good snowfall. Gross margin inched up 10 basis points to 39.0%, while SG&A increased 8% in yen, but leveraged 80 b.p. as a percent of sales. Sales gains were ... Log in to view full article.