Alpen, which remains the largest sporting goods retailer in Japan, reported an annual net profit of ¥6.63 billion yen (€51.7m-$68.9m) for the 12 months ended last June 30, up from ¥5.26 billion in the previous fiscal year. Sales increased by 4 percent to ¥203.7 billion (€1,587.4m-$2,117.8m), and they generate 5 percent more operating profit of ¥11.8 billion (€92.0m-$122.7m). The company predicts that its sales will grow by 8 percent to ¥220.6 billion (€1,719.1m-$2,293.5m) in the current financial year, ending on June 30, 2014, but operating and net earnings could drop by 10 and 11 percent, respectively.

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