Mizuno (8022) Q2 2025 earnings summary

Executive summary

• Net sales reached ¥119,613 million, up 4.5% year-over-year, with all major profit metrics hitting record highs for the first six months of a fiscal year.

• Operating profit rose 20.0% year-over-year to ¥11,151 million; ordinary profit increased 7.2% to ¥11,308 million; profit attributable to owners of parent was ¥8,097 million, up 4.1%.

• Growth was driven by robust domestic sales in competitive sports and work business, and overseas expansion, especially in Asia and the Americas.

Financial highlights

• Gross profit increased to ¥49,391 million from ¥45,406 million year-over-year.

• Earnings per share rose to ¥316.62 from ¥304.38 year-over-year.

• Comprehensive income was ¥12,284 million, down 7.0% year-over-year.

• Cash and deposits increased by ¥5,581 million to ¥37,545 million at period end.

• Net cash provided by operating activities was ¥8,125 million, up from ¥7,807 million year-over-year.

Outlook and guidance

• Full-year forecast maintained: net sales ¥250,000 million (+8.8% year-over-year), operating profit ¥19,000 million (+10.0%), ordinary profit ¥20,500 million (+6.3%), profit attributable to owners of parent ¥15,000 million (+4.8%), EPS ¥586.64.

• Annual dividend forecast unchanged at ¥120 per share.