The Japanese company makes ski and cycling apparel under its own brand and owns distribution rights in Japan and other parts of Asia to a variety of other sports apparel brands, including Arena, Avia, Babolai, Cutter & Buck Arena, le coq sportif, Innov-8, Skins and Umbro.
Gross profits grew 25.3 percent to ¥56.9 billion ($561 mm), or 51.8 percent of revenues. Selling, general and administrative expenses increased 23.4 percent to ¥50.6 billion ($499 mm), or 46.0 percent of revenue. Operating income rose 15.7 percent to ¥6.27 billion ($62 mm), or 5.7 percent of revenues. Net income for the year was ¥4.47 billion ($44 mm) up 25.6 percent from 2012.
For the fourth quarter ended March 26, revenues reached ¥34.0 ($335mm) billion for the quarter ended March 31.
Gross profit reached ¥17.9 billion ($177mm), or 52.6 percent of revenue. Selling, general and administrative expenses reached ¥15.3 billion ($150mm), or 45.0 percent of expenses. Operating income was ¥2.68 billion ($26.4mm). Earnings before income taxes, but excluding unusual items, reached ¥2.74 billion ($27mm). Net income was ¥1.73 billion
By press release
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