Himaraya Profits Tumble on Weak Demand
The bottom line at the Japanese retailer plummeted 65% to ¥206 million ($1.3 mm) from ¥589 million on sales that were 3% lower at ¥58,512 million ($375.3 mm) from ¥60,189 million for the fiscal year ended Aug. 31. The small ski and snowboard category declined 11% to ¥2,995 million hurt by the unseasonably warm winter. Golf inched down 2% to ¥10,242 million while outdoor was off 17% to ¥8,487 million due to the return to more normalized demand ... Log in to view full article.
