Mizuno Sees Net Income Drop on Q3 Sales Gain…

Mizuno Corp. saw net sales increase 9.5% for the first nine-months of the year to ¥130.11 billion ($1.15 bn) from ¥118.81 billion ($1.01 bn) in the year-ago period. Gross margins declined 90 basis points to 41.6% of sales from 42.5% last year. Net income dropped 22.0% to ¥2.87 billion ($25.4 mm) from ¥3.68 billion ($31.3 mm) in the year-ago period.

 

Mizuno Sees Net Income Drop on Q3 Sales Gain

Mizuno Corp. saw first half net sales increase 9.5% to ¥130.11 billion ($1.15 bn) from ¥118.81 billion ($1.01 bn) in the year-ago half. Gross margins declined 90 basis points to 41.6% of sales from 42.5% last year. Net income dropped 22.0% to ¥2.87 billion ($25.4 mm) from ¥3.68 billion ($31.3 mm) in the year-ago period.

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