Net income improved 9% to ¥190 million ($1.2 mm) from ¥175 million in the fiscal second quarter ended Sep. 30, despite sales down 2% to ¥14,417 million ($90.6 mm) from ¥14,673 million. The wholesale division accounted for the lion’s share of the business, but was down 2% to ¥14,014 million, while manufacturing, retail, logistics, and facilities management collectively were off 5% to ¥403 million. The manufacturing division faced several headwinds, from soaring raw material prices to the yen’s ... Log in to view full article.