Mizuno Manages A Big Profit Turnaround Despite A Sales Drop

Annual sales at Mizuno declined by 8 percent to ¥148.7 billion (€1,357.6m-$1,659.4m) for the fiscal year ended March 31, with nearly 3 percent of the drop related to exchange rate fluctuations. Net income was ¥1.6 billion (€14.6m-$17.9m), compared with a loss of ¥2.4 billion due to non-operating factors, write-downs of ...

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