May 13, 2019
As expected, China said it would go ahead with a series of new duties on $60 billion worth of American imports, sending the Dow Jones reeling down 600 points after a week of declines as tensions over the trade war escalated.
Comprehensive net income was ¥2,430 million ($22.1 mm), up 60% against ¥1,523 million for the final quarter ended Mar. 31 on sales of ¥50,458 million ($457.9 mm) compared to ¥51,119 million which brought the year end total for comprehensive net to ¥5,351 million ($48.6 mm) against ¥4,800 million on sales of ¥178,108 million ($1,616.2 mm), off 4% from ¥185,399 million.
The Japanese company saw comprehensive net income drop 87% for the fiscal year ended Mar. 31 to ¥1,232 million ($11.2 mm) from ¥9,576 million on 1% higher sales of ¥142,443 million ($1,292.6 mm) up from ¥141,124 million.
The Big a is suing the CA-based apparel maker in Oregon District Court, accusing it of infringing on the Three Stripes mark with activewear designs that use two, three and four stripes down the sides of the arms or legs.