Globeride, the owner of Daiwa fishing products, continues to ride a strong momentum, boosted by the fishing craze that followed lockdowns. Revenues for the third fiscal quarter ended Dec. 31 surged by 37 percent to 25.9 billion yen (€202.5m-$245.6m). Fishing gear proved popular, especially in the entry-level range. In the Americas, the company’s revenues soared by 69 percent, while Japan grew by 29 percent, Europe jumped by 58 percent and Asia/Oceania climbed by 38 percent. The gross margin gained 2.9 percentage points to 38.5 percent. The quarterly net income of ¥2.2 billion (€17.0m-$20.8m) compares with a loss of ¥6 million for the prior-year. The good results led Globeride to raise its full-year guidance, predicting sales of ¥99.0 billion (€773.9m-$939.2m) and net income of ¥4.0 billion (€31.3m-$38.0m).