Operating profit rose 14.2 percent to 9.3 billion Japanese yen (€57.7m) for the six months ended Sept. 30 at Mizuno. Net income expanded 21.0 percent to ¥7.8 billion (€48.4m) as total revenues grew by 15.4 percent to ¥114.5 million (€710.4m). Year-over-year gross margin improved by 90 basis points to 40.6 percent.
Regionally, EMEA sales increased by 16.9 percent to ¥13.1 billion (€89.3m), fueled by strong indoor sports and soccer sales. Higher sourcing costs and high retail inventory levels impacted profitability. Elsewhere, sales rose 22.5 percent in the Americas to ¥18.8 billion (€112.3m), gained 9.8 percent in Japan to ¥68.2 billion (€423.1m) and were 36.6 percent higher in Asia/Oceania to ¥14.4 billion (€89.3m). By segment, the group’s footwear sales stepped 24.9 percent higher to ¥36.0 billion (€223.4m), while apparel sales improved by 15.2 percent to ¥30.6 billion (€189.9m), and equipment revenues rose by 8.9 percent to ¥30.0 billion (€186.1m).
