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Mizuno Corporation (8022) investor relations material
Mizuno Corporation Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary7 Nov, 2025
Executive summary
Achieved record highs in net sales, operating profit, ordinary profit, and interim net profit for FY2025 2Q year to date compared to the same period last year, with net sales for the six months ended September 30, 2025, rising 5.8% year-over-year to ¥126,508 million.
Operating profit increased 7.7% year-over-year to ¥12,011 million, and profit attributable to owners of parent grew 22.0% to ¥9,876 million.
Focus categories such as Football, Sportstyle, Running, and Work business drove growth, with strong domestic sales and overseas growth in golf, football, running, and sportstyle shoes.
Financial highlights
Net sales rose to ¥126.5bn, up 5.8% year-over-year, with gross profit for the period at ¥52,764 million, up from ¥49,391 million year-over-year.
Operating profit increased to ¥12.0bn (+7.7% yoy), ordinary profit to ¥12.7bn (+12.5% yoy), and net profit to ¥9.9bn (+22.0% yoy).
Gross margin ratio improved to 41.7% (+0.4pt yoy); operating profit ratio at 9.5% (+0.2pt yoy); net profit ratio at 7.8% (+1.0pt yoy).
EPS for the period was ¥128.68, reflecting a 3-for-1 stock split effective April 1, 2025.
Comprehensive income declined to ¥8,487 million from ¥12,284 million year-over-year, mainly due to negative foreign currency translation adjustments.
Outlook and guidance
Sales forecast for the full year is ¥260.0bn, with 48.7% progress as of 2Q; operating profit forecast is ¥22.5bn (53.4% progress), ordinary profit forecast is ¥23.0bn (55.3% progress), and net profit forecast is ¥16.5bn (59.9% progress).
Full-year forecast for fiscal year ending March 31, 2026: net sales ¥260,000 million (+8.2% YoY), operating profit ¥22,500 million (+8.3% YoY), profit attributable to owners of parent ¥16,500 million (+8.2% YoY), EPS ¥215.02.
No changes to previously announced full-year forecasts; dividend payout maintained, with no changes to dividend forecast.
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Next Mizuno Corporation earnings date
Q3 202610 Feb, 2026
Next Mizuno Corporation earnings date
Q3 202610 Feb, 2026
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Frequently asked questions
Mizuno Corporation, founded in 1906, is a Japanese company specializing in the manufacture and sale of sports equipment, sportswear, and footwear. The company is renowned for its wide array of products catering to various sports, including baseball, golf, volleyball, rugby, table tennis, and running. Mizuno is not only involved in the production of sports goods but also engages in the management of sports facilities, supports school sports programs, and collaborates with governments on sports-related projects. Mizuno Corporation is headquartered in Osaka, Japan, and its shares are listed on the Tokyo Stock Exchange.
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