Xebio net income declined 52% to ¥5,397 million ($36.4 mm) from ¥2,592 million on sales that were up 1% to ¥242,433 million ($1,634.7 mm) over ¥239,293 million for the fiscal year ended Mar. 31. General sporting goods and shoes improved 10% to ¥78,688 million and sports apparel gained 2% to ¥28,310 million, offsetting a 22% drop in winter sporting goods to ¥8,146 million, a 2% decline in golf to ¥82,320 million and outdoor going -3% to ¥31,519 million. Gross margin contracted 10 b.p. to 38.3%, while SG&A was up 6% in ... Log in to view full article.