Net income in fiscal Q4 ended Mar. 31 was down 1% to ¥592 million ($5.4 mm) from ¥599 million as sales dipped 6% to 15,377 million ($141.1 mm) from 16,345 million. Gross margin was 110 basis points higher at 44.3% and SG&A was flat, but 220 b.p. higher as a share of sales. The home Japanese market declined 13% to ¥9,101 million, while North America was down 9% to ¥480 million ($4.4 mm), and Europe fell 6% to ¥548 million, but Rest of Asia gained 9% to ¥5,182 million. ... Log in to view full article.