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Article Date: February 2018
Word Count: 190

Mizuno Results Gain as Focus on Profitability Gains

Net income was ¥3.3 billion this year ($36.0 mm) for the nine months ended Dec. 31 compared to ¥0.1 billion last year despite a 2% decline in sales to ¥134.3 billion ($1,231.4 bb) compared to ¥136.4 billion. Last year’s results included a one-time pension contribution of ¥2.2 billion. Sales declined in all regions except Asia/Oceana where they rose slightly to ¥15.8 billion from ¥15.3 billion. In the Japan market, sales fell slightly to ¥91.0 billion against ¥91.6 billion; in the Americas sales declined to ¥16.6 billion ($152.1 mm) from ¥18.4 billion as the company focuses ... Log in to view full article.


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