Mizuno
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Mizuno (8022) investor relations material

Mizuno Q4 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2026 earnings summary12 May, 2026

Executive summary

  • Achieved record-high net sales of ¥259,045 million, operating profit, ordinary profit, and net profit for FY2025, with strong growth in Golf, Football, Work business, and Sportstyle shoes, both domestically and overseas.

  • Gross profit margin improved year-over-year, driven by strengthened direct-to-consumer (DTC) initiatives.

  • All regions reported record-high sales, with notable growth in Japan, EMEA, and Americas.

  • Celebrated the 120th anniversary, emphasizing innovation and leveraging sports product expertise.

Financial highlights

  • Net sales reached ¥259.0 billion, up 7.8% year-over-year; operating profit rose 8.8% to ¥22.6 billion; ordinary profit up 12.3% to ¥24.0 billion; net profit increased 20.6% to ¥18.4 billion.

  • Gross profit margin rose to 41.9%, up 0.9 points year-over-year.

  • Comprehensive income rose 30.3% year-over-year to ¥24,351 million.

  • Total assets increased 15.1% to ¥251.5 billion; net assets up 10.9% to ¥174.3 billion; capital adequacy ratio at 68.9%.

  • Cash and cash equivalents at year-end were ¥46.0 billion, up from ¥32.4 billion.

Outlook and guidance

  • FY2026 forecast: sales of ¥280 billion, operating profit of ¥25.5 billion, ordinary profit of ¥26.5 billion, and net profit of ¥19.0 billion.

  • Mid-term plan targets sales of ¥330 billion and operating profit of ¥31 billion by FY2028.

  • Aims for ROA and ROE of 11.5% by FY2028, focusing on growth categories, DTC expansion, pricing optimization, and asset efficiency.

  • The company aims to improve asset efficiency and pursue sustainable growth through high value-added products.

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