In its full year, ended March 31, Daiwa Seiko enjoyed a net income of 1.78 billion yen (€12m-$16m), as compared to a loss of 2.92 billion yen in the previous year. The Japanese fishing and sporting goods equipment company’s operating income slumped by 6 percent to 3.63 billion yen (€25m-$32m), on a growth in revenues of 11 percent to 52.81 billion yen (€368m-$469m). Daiwa’s net income estimate for the current full year is 2.10 billion yen (€15m-$19m) on turnover of 56.5 billion (€393m-$502m).