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Consumer Non-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 2023 JPYUSD
Gross Profit78,512M579.34M
Operating income12,945M95.52M
Income before tax13,584M100.23M
Net income9,911M73.13M
Diluted EPS387.692.86
Dividends Per Share700.51
Total Assets197,523M1,484.13M
Total liabilities73,244M550.33M
Total equity123,736M929.71M
Operating cash flow-8,047M-59.37M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 178,108M 169,742M 150,419M 172,744M 212,044M
Gross Profit 71,335M 67,077M 58,629M 69,451M 78,512M
Operating income 7,623M 6,264M 3,807M 9,874M 12,945M
Income before tax 6,656M 5,883M 5,820M 10,886M 13,584M
Net income 6,005M 4,626M 3,749M 7,717M 9,911M
EBITDA 10,549M 9,187M 6,722M 12,736M 15,805M
Diluted EPS 237.04 181.91 146.89 302.01 387.69
Dividends Per Share 50 50 50 60 70
Total Assets 155,593M 154,378M 157,137M 166,356M 197,523M
Total liabilities 59,183M 55,043M 52,958M 53,890M 73,244M
Total equity 96,054M 98,883M 103,781M 111,981M 123,736M
Operating cash flow 4,048M 8,214M 8,781M 12,041M -8,047M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 1,606.10M 1,561.19M 1,418.27M 1,537.24M 1,564.69M
Gross Profit 643.26M 616.93M 552.80M 618.04M 579.34M
Operating income 68.74M 57.61M 35.89M 87.86M 95.52M
Income before tax 60.02M 54.10M 54.87M 96.87M 100.23M
Net income 54.15M 42.54M 35.34M 68.67M 73.13M
EBITDA 95.12M 84.49M 63.38M 113.33M 116.62M
Diluted EPS 2.13 1.67 1.38 2.68 2.86
Dividends Per Share 0.45 0.45 0.47 0.53 0.51
Total Assets 1,405.72M 1,430.02M 1,422.05M 1,370.59M 1,484.13M
Total liabilities 534.69M 509.86M 479.25M 443.99M 550.33M
Total equity 867.81M 915.96M 939.19M 922.60M 929.71M
Operating cash flow 36.50M 75.54M 82.79M 107.15M -59.37M

Valuation Measures

Mar 2023
Operating margin6.10%
Profit margin4.67%


  • President & Representative Director: Akito Mizuno
  • Executive Officer, Head-Accounting & Finance: Yoshihiro Murakami
  • Representative Director & Head-Retail Sales: Daisuke Fukumoto
  • Director & Managing Executive Officer: Osamu Sano
  • Director & Managing Executive Officer: Takeshi Shichijo


  • Mizuno Sports Promotion Foundation (16.4%)
  • Mizuno Corp. (3.8%)
  • Sumitomo Mitsui Financial Group, Inc. (3.6%)
  • Sumitomo Mitsui DS Asset Management Co., Ltd. (3.4%)
  • Nippon Life Insurance Co. (2.5%)
  • The Vanguard Group, Inc. (2.4%)
  • Mizuno Employee Stock Ownership Plan (2.4%)
  • Dimensional Fund Advisors LP (2.3%)
  • Nomura Asset Management Co., Ltd. (2.2%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.1%)

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


  • Topgolf Callaway Brands Corp.
  • Fusheng Precision Co. Ltd.
  • Launch Technologies Co., Ltd.
Last Updated on 22 Sep, 2023

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