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Article Date: October 2023
Word Count: 196

Himaraya Profits Decline on Rising Costs

Net income at the Japanese retailer dropped 59% to ¥589 million ($4.3 mm) from ¥1,431 million on shrinking margins despite net sales that grew 2% to ¥60,156 million ($437.9 mm) over ¥58,914 million for the fiscal year ended Aug. 31. The small ski and snowboard category was up 9% to ¥3,381 million on favorable snowfall for the year. Golf was inched down 1% to ¥10,408 million while outdoor was off 5% to ¥10,188 million as the lockdown spike for both continued to abate. This was partially offset by strength ... Log in to view full article.


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