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Article Date: May 2022
Word Count: 183

Daiwa Parent’s Revenues Grew 20% Last Year

Flattening sales in Japan and the Americas was more than offset by gains elsewhere to send Globeride revenues up 9% in the fiscal fourth quarter to ¥27,007 million ($232.4 mm) from ¥24,888 million, and net income up nearly six fold to ¥711 million ($6.1 mm) from ¥123 million. The Japanese parent of Daiwa fishing and golf posted strong growth in FY22, with profits doubling to ¥9,567 million ($82.3 mm) from ¥4,797 million, on 20% higher sales of ¥120,684 million ($1,038.6 mm) up from ¥100,304 million. Full year gross margin expanded 140 ... Log in to view full article.


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