Mizuno First Half Sales Decline 2.5%

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.

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Mizuno First Half Sales Decline 2.5%

Mizuno reported sales of ¥84.75 billion ($799.2 mm) for the fiscal first half ending Sept. 30. The market proved difficult for Mizuno as that sales total was 2.5% lower than 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, down 2.3% from last year's ¥174.02 billion. However net income is expected to rise 15.7% to ¥2.8 billion from ¥2.42 billion last year.

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Teresa Hartford

Teresa Hartford Editorial & Creative Director | SGB Media teresa@sgbonline.com | 704.651.5741

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