Himaraya has reported a 66 percent increase in comprehensive net income to 837 million yen (€6.57m-$7.47m) for the financial year ended on Aug. 31. Net earnings spiked as well, up 70 percent to ¥728 million (€5.71m-$6.50m). The Japanese sporting goods retailer's revenues were nevertheless down by 7 percent to ¥67.97 billion (€533m-$607m), as it closed 29 stores during the fiscal year, ending with a total of 109 on Aug. 31. High temperatures hurt summer sales overall, but sales of outdoor equipment rose by 18 percent. Ski and snowboard sales were down by 10 percent. The combination of a smaller footprint, price competition and higher online sales led to a 10 percent contraction of Himaraya's gross margin.