Mizuno’s annual operating profit rises by 20%

Mizuno posted a 20 percent increase in FY operating profit to ¥20,777 million (€126.4m) for the 12 months ended March 31 as annual revenues grew by 4.6 percent to ¥240,335 million (€1.46b) from ¥229,711 million. Annual net income attributable to the parent rose by 6.5 percent to ¥15,243 million (€92.7m). The Japanese group said that group sales in Japan “remained robust in competitive sports products,” while the “global economic outlook is uncertain due to factors such as the impact of the US tariff and trade policies and increasing geopolitical risks.”

In Europe, soccer and Sportstyle shoes fueled the region’s growth. And the gross profit margin on running shoes improved while sales of volleyball products increased. Overall, the region’s annual operating profit increased by 28 percent to ¥678 million (€4.1m). But total sales in Europe fell by 7.1 percent for the FY to ¥23,743 million (€144.5m). In the Americas, the annual operating profit jumped by 18.3 percent to ¥2,766 million (€16.8m) as sales increased by 6.2 percent to ¥35,986 million (€219.0m). In the company’s home market, meanwhile, annual revenues grew by 4.2 percent year-over-year to ¥147,291 million (€896.2m) as operating profit rose 10.2 percent to a record-high ¥13,265 million (€80.7m).

The company’s current FY26 outlook for the 12 months ending March 31, 2026, calls for an 8.3 percent improvement in year-over-year operating profit to ¥22,500 million from 8.2 percent total revenue growth to ¥260,000 million.