The high-end Japanese club maker's bottom line fell ¥845.3 million ($5.7 mm) into the red in H1 ended Sep. 30, against a profit of ¥3,329.5 million, as revenue slipped 26% to ¥9,814.5 million ($65.8 mm) from ¥13,194.8 million. The loss was primarily driven by excess inventory at retailers and sluggish consumer demand. Golf club sales dropped 33% to ¥6,673.8 million, and balls were down 17% to ¥910.0 million, but accessories were up 8% to ¥890.1 million, and apparel grew by 6% to ¥1,340.6 million. Sales ... Log in to view full article.