Gross margins improved 60 basis points to 51.0 percent of sales for the quarter, compared to 50.4 percent of sales in fiscal Q2 last year. SG&A spending increased 30 basis points to 40.5 percent of sales. Net income rose 28.3 percent to ¥1.85 billion ($24 mm).
About Descente
Finding Joy Through Sports – Descente believes sports and movement are essential to our enjoyment of life. And the element of competition in sports allows us to push our bodies and minds toward their maximum potential. Descente is dedicated to bringing the joys of sports to everyone, from the most casual participants to world champion athletes. The Descente philosophy is to strengthen individuals of all ages, genders, and experience levels, and the communities in which they live, by helping to create a way of life that allows all people to live to the fullest.
The slogan, “Design for Sports,” speaks to Descente’s commitment to designing sportswear that consistently extends the boundaries of technology and artistic creativity. More than that, the slogan conveys Descente’s passion toward the future of sports, and its devotion to helping athletes challenge notions about the limits of human achievement.
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