The multi-banner Japanese retailer’s net income was up 53% in its fiscal first quarter ended June 30 to ¥3,177 million ($24.5 mm) against ¥2,080 million on sales that increased 10% to ¥61,463 million ($473.9 mm) from ¥55,973 million. The economy showed signs of recovery in the quarter as Covid restrictions were lifted nationwide in Mar., but rising raw material costs and inflationary pressures persist. Golf drove the improvement, increasing 15% to ¥22,561 million on fittings and no travel restrictions for the first ... Log in to view full article.