The parent of Daiwa fishing and golf’s loss expanded to ¥641 million ($4.3 mm) in the final fiscal quarter ended Mar. 31 from a loss of ¥445 million prior, as sales grew by 3% to ¥29,520 million ($199.1 mm) from ¥28,725 million. The Americas region pulled down sales, dipping 4% to ¥2,386 million ($16.1 mm), but all other geographies were higher. Gross margin contracted by 100 basis points to 32.3%, and operating expenses fell by 30 b.p. as ... Log in to view full article.