Globeride, the owner of the Daiwa brand and the Japanese distributor of Prince, reported a 69 percent decline in comprehensive net income to ¥738 million (€5.7m-$6.6m) in the first half ended on Sept. 30, due to a negative currency swing of about ¥2.2 billion. Sales edged up by one percent to ¥45.6 billion (€354.0m-$405.4m).

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