The 52-year-old Japanese sporting goods retailer, operator of four formats in the country, suffered a 34 percent drop in annual operating profit to ¥3.33 billion (€20.6m) from ¥5.06 billion for the 12 months ended June 30. Annual net income tumbled 68 percent to ¥1.73 billion (€10.8m) from ¥5.47 billion.
Alpen’s annual revenues grew by 3.4 percent for the year to ¥252,936 million (€1.58b) from ¥244.540 million. By segment, general sporting goods was the largest gainer for the year, rising by 14.4 percent year-over-year to ¥61.3 billion (€383.1m). Sports Lifestyle sales increased by 4.2 percent over the 12 months to ¥57.2 billion (€357.5m), and annual Golf revenues were essentially flat at ¥92.9 million (€580.4m). The two other segments, Outdoor and Winter Sports, had lower year-over-year sales. Outdoor sales contracted by 3.2 percent to ¥29.5 million (€184.5m), and Winter Sports sales dipped by 2.9 percent to ¥7.66 million (€47.8m).
The group’s current six-month outlook for the period ending Dec. 31 calls for net sales of ¥130.6 billion (€815.8m), operating profit of ¥3.14 billion (€19.6m), and profit attributable to owners of parent of ¥2.37 billion (€14.8m).
