Net income jumped 27% in the fiscal third quarter ended Dec. 31 to ¥4,512 million ($29.6 mm) from ¥3,540 million, on 4% higher revenues of ¥55,751 million ($365.8 mm) up from ¥53,540 million. Gross margin improved by 170 basis points to 42.4%, helped by pricing adjustments and better control of inventory levels. SG&A was 8% higher in yen, up 130 b.p. to 33.7% of sales. Guidance remains unchanged at ¥250,000 million in FY25 revenue and ¥15,000 in net income, but Mizuno is planning a 3-for-1 stock split on Apr. 1 after ... Log in to view full article.