Mizuno (8022) Q4 2024 earnings summary

Executive summary

• FY2024 net sales reached ¥229,711 million, up 8.3% YoY; operating profit, ordinary profit and parent-attributable profit all set records.

• Sales growth in Japan and overseas competitive-sports products supported results; Japan and Asia and Oceania delivered their highest reported performance.

Financial highlights

• Net sales rose to ¥229,711 million from ¥212,044 million; gross profit increased to ¥90,946 million from ¥81,020 million.

• Operating profit was ¥17,279 million, up 33.5% YoY; ordinary profit was ¥19,288 million, up 37.4%; parent-attributable profit was ¥14,311 million, up 44.4%.

• Profit before income taxes was ¥19,836 million; income taxes totaled ¥5,412 million and net profit was ¥14,423 million.

Outlook and guidance

• FY2025 forecast: net sales ¥250,000 million, up 8.8%; operating profit ¥19,000 million, up 10.0%; ordinary profit ¥20,500 million, up 6.3%; parent-attributable profit ¥15,000 million, up 4.8%.

• Forecast EPS is ¥586.64 for FY2025.

• The outlook anticipates moderate Japanese growth and continued overseas expansion, with regional variation in growth rates.