Strong yen boosts Mizuno’s margins

2011-05-24T00:00:00

Net income increased by 77.1 percent at Mizuno to ¥2.84 billion (€24.4m-$34.8m) for the financial year ended March 31. Revenues went up by 0.9 percent to ¥150.0 billion (€1,290.1m-$1,836.7m), but operating income jumped by 65.2 percent to ¥4.6 billion (€39.6m-$56.3m). Due in part to the appreciation of the yen, Mizuno's ...

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