Mizuno reported sales of ¥84.75 billion ($799.2 mm) for the fiscal first half ending Sept. 30, down 2.5% from the year-ago first half mark of ¥86.91 billion ($729.1 mm). Operating income dropped 16.2% to ¥3.45 billion ($32.5 mm), while net income after tax declined 34.2% to ¥1.37 billion ($12.9 mm) from ¥2.07 billion ($17.4 mm) last year.
Looking ahead, Mizuno expects full year net sales of ¥170 billion ($1.77 bn), down 2.3% from last year's ¥174.02 billion ($1.82 bn). However, net income is expected to rise 15.7% to ¥2.8 billion ($29 mm) from ¥2.42 billion ($25.3 million) last year.
