Descente Ltd reported sales for the fiscal year ended March 31 reached ¥75.73 billion ($886 mm), up 0.4 percent from ¥76.02 billion ($819 mm) in the prior fiscal year.
The Japanese maker of sportswear, best known in the United States for its snow sports apparel, reported operating income reached ¥3.74 billion ($44 mm), up 20.9 percent from ¥3.09 billion ($33 mm) in the prior year. Net income reached ¥2.51 billion ($29 mm), up 35.7 percent from ¥1.85 billion ($19.9 mm) posted in the prior year. The company ended the fiscal year with ¥12.60 billion ($160 mm) in inventory.
In addition to its own brand, Descentes companies and affiliates manufacture and distribute a broad array of global sports apparel brands for cycling, golf, outdoor, racquet, snowsports and volleyball under license for the Asian markets, including China, Hong Kong and Korea. Licensed brands include Cutter & Buck, Lecoq Sportif, Marmot, Munsingwear and Umbro.