Mizuno Reports 7.6% Increase in 2008 Net Sales.

Mizuno Corp. reported net sales for the fiscal year ending March 31, 2008 increased 7.6% to ¥174.02 billion ($1.53 bn) from ¥161.70 billion ($1.38 bn) the year before. Operating income jumped 13.8% to ¥7.86 billion ($69.0 mm) from ¥6.90 billion ($59.1 mm) for 2007. Net income, however, decreased 14.7% to ¥2.42 billion ($21.2 mm) from ¥2.84 billion ($24.3 mm)…

 

Net sales in the U.S. grew 9.8% in fiscal 2008 to ¥26.10 billion ($229.1 mm) from ¥23.76 billion ($203.4 mm) in 2007. Operating income for the country declined 14.1%, however, to ¥1.47 billion ($12.9 mm) from ¥1.72 billion ($14.7 mm) last year.

 

In Europe, sales jumped 17.6% to ¥13.18 billion ($115.8 mm) from ¥11.21 billion ($96.0 mm) and operating profit jumped 54.6% to ¥1.12 billion ($9.8 mm) from ¥725.0 million ($6.2 mm) last year. In Japan, sales grew 5.5% to ¥121.84 billion ($1.07 bn) as operating income increased 24.4% to ¥3.95 billion ($34.7 mm). The rest of Asia saw sales increase 14.7% to ¥12.89 billion ($113.2 mm) with operating income growing 11.1% to ¥1.46 billion ($12.8 mm).


For fiscal 2009, Mizuno expects net sales to grow approximately 1.7% to ¥177.00 billion with net income growing 94.2% to ¥4.70 billion.

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Mizuno Reports 7.6% Increase in 2008 Net Sales

Mizuno Corp. reported net sales for the fiscal year ending March 31, 2008 increased 7.6% to ¥174.02 billion ($1.53 bn) from ¥161.70 billion ($1.38 bn) the year before. Operating income jumped 13.8% to ¥7.86 billion ($69.0 bn) from ¥6.90 billion ($59.1 bn) for 2007. Net income, however, decreased 14.7% to ¥2.42 billion ($21.2 bn) from ¥2.84 billion ($24.3 bn).

 

For fiscal 2009, Mizuno expects net sales to grow approximately 1.7% to ¥177.00 billion with net income growing 94.2% to ¥4.70 billion.

About The Author

Teresa Hartford

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

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