Mizuno (8022) Q3 2026 earnings summary

Executive summary

• Achieved record highs in net sales, operating profit, ordinary profit, and net profit for the nine months ended December 31, 2025, compared to the same period last year.

• Growth was driven by focus categories including Running, Football, Indoor sports, Sportstyle shoes, Golf, and Work business, with strong sales in both domestic and overseas markets.

Financial highlights

• Net sales rose to ¥187.3bn, up 6.8% year-over-year, with gross profit increasing to ¥78.8bn.

• Operating profit increased to ¥17.9bn, up 12.1% year-over-year.

• Ordinary profit reached ¥19.0bn, up 12.1% year-over-year; comprehensive income increased 14.3% to ¥15.3bn.

• Net profit climbed to ¥14.9bn, up 18.0% year-over-year.

• Gross margin ratio improved to 42.1%, up 0.5 points year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥260.0bn, with 72% progress as of Q3; operating profit projected at ¥22.5bn and net profit at ¥16.5bn.

• Net profit forecast for the full year is ¥16.5bn, with 90.3% progress as of Q3.

• Year-end dividend forecast revised upward to 90 yen per share, annual total 150 yen before stock split; annual dividend forecast also cited as 60 yen per share post-split.

• 3-for-1 stock split effective April 1, 2025; EPS and dividend figures adjusted accordingly.