Mizuno Corp. reported sales rose 0.5% in the third quarter ended Dec. 31 with the strongest growth coming from the Americas and Europe where sales rose in the middle to high teens on a currency neutral basis.
There was growth in the Golf business in Europe and Americas and in the Footwear business across all geographics.
Sales growth came primarily from overseas, where sales rose 119.5% in Europe and 115.5% in Americas and 101.3% in Asia on a year-over-year and currency neutral basis). In Europe, double-digit growth was achieved in all categories, including 114% growth in the Footwear category. In the Americas, while sales of Golf remained mostly unchanged, there was double-digit increase in other categories than Golf was attained. In Particular, sales of Footwear business increased by 130%. In Asia, business growth in Taiwan is remarkable. Sales of Footwear business increased by 125%.
The company updated its forecast of consolidated results for the FY10 ended March 31, 2011. For the full year, it forecasts sales will be ¥150 billion and operating income will be ¥4.5billion and net income after taxes ¥2 billion.
Sales (Year-to-date) |
FY2010 Q3 |
FY2009 Q3 |
Change y-o-y in JPY terms |
Change y-o-y currency-neutral |
Â¥ |
JPY in millions |
JPY in millions |
in % |
in % |
Japan |
81,675 |
82,881 |
-1.5% |
-1.5% |
Europe |
7,422 |
7,064 |
5.1% |
19.5% |
Americas |
15,860 |
14,427 |
9.9% |
15.5% |
Asia Oceania (excl JPN) |
6,387 |
6,466 |
-1.2% |
1.3% |
Total |
111,343 |
110,837 |
0.5% |
2.2% |