July 30, 2018
Net income slipped 63% to $928,000 from $2,489,000 in the second quarter, NLS’ smallest, on revenues that declined 2% to $75,498,000 from $77,029,000 on lower Direct sales despite stronger Retail segment sales to mass retailers.
Net income attributable to owners was ¥27,718 million ($249.7 mm) against ¥18,728 million for the first half ended Jun. 30 as sales improved 7% to ¥174,731 million ($1,574.4 million) compared to ¥163,079 million.
Honoring its tradition of stalking marketing assets that Nike and Adidas overlook, the Big Cat has signed a league sponsorship deal with the WNBA that will enable it to use the league’s trademarks and show players in uniform in its marketing.
In a somewhat rare piece of good news on the trade front, the Senate approved the Miscellaneous Tariff Bill that will reduce or eliminate duties on some 30 sporting goods products.
The two helmet makers, who have been in litigation about various patents since 2016, were each given partial victories in the case by a No. IL federal court.
Singapore’s Intellectual Property Office approved an application by Taiwan-based manufacturer Lutong Enterprise to register its three stripe logo despite the Big a’s claim that it is visually similar to its three stripe mountain logo, according to the Straits Times.