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Article Date: May 2022
Word Count: 162

Zett Improves in Final Fiscal Quarter

Net income in the Japanese sporting goods company’s final quarter doubled to ¥263 million ($2.3 mm) from ¥129 million, on 10% higher sales of ¥11,585 million ($99.7 mm) vs. ¥10,555 million. For the full year ended Mar. 31, profits grew to ¥723 million ($6.2 mm) from ¥109 million, despite a ¥146 million asset impairment charge this year, on 19% higher revenues of ¥44,762 million ($385.2 mm) against ¥37,611 million. Gross margin was 18.7%, up 50 basis points from the year before, ... Log in to view full article.


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