The parent of Daiwa fishing and golf’s bottom line swung to a profit of ¥171 million ($1.1 mm) in the final fiscal quarter ended Mar. 31 from a loss of ¥641 million, as sales grew by 1% to ¥29,722 million ($194.8 mm) from ¥29,520 million. The Americas region improved 1% to ¥2,386 million ($15.9 mm), Europe increased 16% to ¥3,363 million, while the home Japan market was down 1% to ¥16,038 million, and Asia/Oceanic was 2% lower at ¥7,732 million. Gross margin expanded by 330 basis points ... Log in to view full article.