Mizuno Corp. reported that net sales for the company's fiscal first quarter, which ended June 30, 2006, increased 10.1% to ¥43.6 billion ($381.4 mm) from ¥39.7 billion ($369.2 mm) for the same period last year. Gross profit decreased 10 basis points as a percentage of net sales, down to 43.1% from 43.2% last year. Net income fought off the slight downward tick in gross profit to post a 137% increase to ¥4.1 billion ($35.9 mm) from ¥1.7 billion ($16.2 mm) for last year's first quarter.
