Descente reported a slightly improved net profit of 5.77 billion yen (€44.5m-$52.4m) for the financial year ended March 31 on 7.3 percent higher net sales of ¥141.1 billion (€1.1bn-$1.3bn). The operating margin rose by 0.4 percentage points to 6.9 percent. Sales increased in all the segments and virtually all the regions, led by the Descente brand, whose sales jumped by 18 percent to ¥59.2 billion (€456.7m-$538.0m). Le Coq Sportif, Arena and Umbro also performed well. With the contribution of Inov-8, total sales went up by 5 percent to ¥4.6 billion (€35.5m-$41.8m) in Europe and North America combined. They rose by 3 percent to ¥55.7 billion (€429.7m-$506.2m) in Japan and by 11 percent to ¥71.9 billion (€554.7m-$653.4m) in Korea, the Japanese group's largest geographic area. As in China, Descente now has a joint venture also for the Korean market.
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