Mizuno’s Americas’ Biz Posts Strong Gains in Footwear, Apparel
Net income grew 58%, helped by a lower currency effect and lower extraordinary loss, to ¥1.9 billion ($23.2 mm) from ¥1.2 billion for the period ended June 30. Quarterly operating income increased 6% to ¥3.2 billion ($39. 2 mm). Revenues grew 1% to ¥41,541 million ($508.5 mm) from ¥41,156 million. Regionally, sales in the Americas, bolstered by a 25% gain in footwear and 23% improvement in apparel, expanded 11% to ¥6,656 million ($81.6 mm). Elsewhere, sales in Japan were essentially flat ... Log in to view full article.