Yonex Income and Sales Decline
Comprehensive net income slipped 34% to ¥299 million ($2.7 mm) from ¥456 million in the fiscal first quarter ended Jun. 30 on 9% lower revenues at ¥14,458 million ($132.5 mm) down from ¥15,916 million. Gross margin expanded 140 basis points to 43.1%, helped by the strengthening yen. Excluding foreign exchange adjustments and other comprehensive items, the bottom line increased ... Log in to view full article.