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Consumer Durables

Mizuno Corp.

Business Summary

Mizuno Corp. engages in the manufacture and sale of sporting goods. Its products include sports shoes, sports wear, baseball and golf products, and sports equipment. It operates through the following geographical segments: Japan, Europe, North and South America, and Asia and Oceania. The company was founded by Rihachi Mizuno and Rizo Mizuno on April 1, 1906 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2021 JPYUSD
Gross Profit58,629M552.80M
Operating income3,807M35.89M
Income before tax5,820M54.87M
Net income3,749M35.34M
Diluted EPS146.891.38
Dividends Per Share500.47
Total Assets157,137M1,422.05M
Total liabilities52,958M479.25M
Total equity103,781M939.19M
Operating cash flow8,781M82.79M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 188,718M 185,399M 178,108M 169,742M 150,419M
Gross Profit 68,238M 72,906M 71,335M 67,077M 58,629M
Operating income 1,444M 8,044M 7,623M 6,264M 3,807M
Income before tax 3,004M 7,825M 6,656M 5,883M 5,820M
Net income 710M 4,879M 6,005M 4,626M 3,749M
EBITDA 4,788M 11,337M 10,549M 9,187M 6,722M
Diluted EPS 28.10 192.99 237.04 181.91 146.89
Dividends Per Share 50 50 50 50 50
Total Assets 155,895M 156,439M 155,593M 154,378M 157,137M
Total liabilities 67,373M 64,382M 59,183M 55,043M 52,958M
Total equity 88,210M 91,713M 96,054M 98,883M 103,781M
Operating cash flow 9,229M 11,299M 4,048M 8,214M 8,781M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,742.74M 1,672.78M 1,606.10M 1,561.19M 1,418.27M
Gross Profit 630.15M 657.80M 643.26M 616.93M 552.80M
Operating income 13.33M 72.57M 68.74M 57.61M 35.89M
Income before tax 27.74M 70.60M 60.02M 54.10M 54.87M
Net income 6.55M 44.02M 54.15M 42.54M 35.34M
EBITDA 44.21M 102.28M 95.12M 84.49M 63.38M
Diluted EPS 0.25 1.74 2.13 1.67 1.38
Dividends Per Share 0.46 0.45 0.45 0.45 0.47
Total Assets 1,399.03M 1,470.98M 1,405.72M 1,430.02M 1,422.05M
Total liabilities 604.62M 605.37M 534.69M 509.86M 479.25M
Total equity 791.61M 862.36M 867.81M 915.96M 939.19M
Operating cash flow 85.22M 101.94M 36.50M 75.54M 82.79M

Valuation Measures

Mar 2021
Operating margin2.53%
Profit margin2.49%

Key executives

  • President & Representative Director: Akito Mizuno
  • Director, Head-Accounting & Finance: Daisuke Fukumoto
  • Director & Senior Head-Sales: Mutsuro Yamamoto
  • Representative Director & Head-Legal Affairs: Masaharu Kato
  • Managing Executive Officer: Takeshi Shichijo


  • Mizuno Sports Promotion Foundation (16.3%)
  • Silchester International Investors LLP (4.0%)
  • Mizuno Corp. (3.8%)
  • Sumitomo Mitsui Financial Group, Inc. (3.4%)
  • Nippon Life Insurance Co. (2.5%)
  • Mizuno Employee Stock Ownership Plan (2.5%)
  • Nomura Asset Management Co., Ltd. (2.2%)
  • Dimensional Fund Advisors LP (2.0%)
  • The Vanguard Group, Inc. (1.6%)
  • Norges Bank Investment Management (1.1%)

Contact Details

  • Website:
  • Address: 1-12-35 Nanko-Kita, Suminoe-Ku, Osaka, 559-8510, Japan
  • Phone: +81.6.6614.8000

Related Companies

  • Mizuno Restricted Stock Compensation Plan
  • Mizuno Iberia SL
  • Mizuno Singapore Pte Ltd.
  • Mizuno Norge AS
  • Mizuno Corp. France
  • Mizuno (China) Corp.
  • Mizuno Corporation of Hong Kong Ltd.
  • Mizuno Corp. (United Kingdom)
  • Mizuno (Taiwan) Corp.
  • Mizuno Employee Incentive Plan
  • Mizuno Korea Ltd.
  • Mizuno Corp. Australia Pty Ltd.
  • Mizuno Canada Ltd.
  • Senoh Corp.
  • Mizuno Technics Corp.
  • Mizuno Industry Hikami Co. Ltd.
  • Mizuno Industry Shikoku Co. Ltd.
  • Mizuno Industry Haga Co. Ltd.
  • Mizuno Industry Ayama Co. Ltd.
  • Mizuno Alpha Service Co. Ltd.
  • Mizuno Italia Srl
  • Shanghai Mizuno Corp. Ltd.
  • Mizuno Corp. Pension Fund
  • Mizuno Finance Netherlands BV
  • Mizuno USA, Inc.
  • Mizuno Kyoeikai Business Association
  • Mizuno Employee Stock Ownership Plan
  • Mizuno Sports Promotion Foundation


  • Callaway Golf Company
  • Fusheng Precision Co. Ltd.
  • Abeo SA
Last Updated on 3 Dec, 2021

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