Zett Sees Slow Q3 Growth on Supply Chain Headwinds
Profits declined 58% in fiscal Q3 ended Dec. 31 to ¥85 million ($0.7 mm) from ¥200 million, on a 5% revenue gain to ¥10,638 million ($93.6 mm) from ¥10,100 million. Most of Zett’s business is now in wholesale distribution, helped by the acquisition of fitness equipment distributor Ben General in 2020. Distribution revenue grew 5% to ¥10,167 million, held ... Log in to view full article.
