Net income was ¥2.3 billion ($19.6 mm) for the nine months ended Dec. 31, off 6% from ¥2.4 billion last year as sales rose 7% to ¥143.7 billion ($1,222.7 million) from ¥133.7 billion. Mizuno said overall footwear sales showed strong growth except in Brazil, while sales of golf equipment and sports facilities was steady. Gross margin was off 140 b.p. in the period.

Mizuno sales in the Americas rose 13% through the nine months to ¥24.4 billion ($207.6 mm) with a slight increase in running footwear sales despite a lackluster market. Golf sales remained strong and ... Log in to view full article.