Net income was cut 63% to ¥971 million ($6.6 mm) from ¥2,592 million on sales that were up 3% to ¥250,603 million ($1,704.1 mm) from ¥242,433 million for Xebio’s fiscal year ended Mar. 31. By category, general sporting goods & shoes led with a 9% gain to ¥85,510 million, while winter gear increased 5% to ¥8,539 million and sports apparel grew 4% to ¥29,389 million. Golf dipped 2% to ¥80,766 million, and outdoor was off 1% to ¥31,296 million. Other products increased 12% to ¥15,101 million. Gross margin expanded 70 b.p. ... Log in to view full article.