Profits jumped 154% in the fiscal third quarter ended Dec. 31 to ¥3,540 million ($24.0 mm) from ¥1,393 million, as revenues climbed 11% higher to ¥53,540 million ($362.2 mm) from ¥48,198 million, with growth in all regions. Gross margin expanded 210 basis points to 40.7%, and operating expenses grew by 5% in yen, but still leveraged 200 b.p. as a percent of the top line. Mizuno still expects full-year revenues to hit of ¥225,000 million, but raised its net income guidance to ¥12,500 from a prior expectation of ¥11,000 million.

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