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Japanese sportswear company Mizuno's Apr-June revenues jump 50%

15 Sep '21
1 min read
Pic: Mizuno Corporation
Pic: Mizuno Corporation

Mizuno Corporation, a Japanese sportswear company, has reported a 49.6 per cent revenues jump to ¥42.9 billion (Japanese yen) in the first quarter (Q1) of FY21 ended on June 30, 2021, over the same period of previous fiscal. Golf clubs and running shoes showed strong sales during the quarter especially in Americas and EMEA, according to the company.
 
Operating profit for the Q1 rose to ¥3.2 billion (Q1 FY20: loss ¥1.8 billion), while ordinary profit improved to ¥3.5 billion (loss: ¥1.7 billion). Moreover, the sports manufacturer’s net income increased to ¥2.7 billion (loss: ¥1.1 billion).
 
By region, sales from Japan during the three-month period escalated to ¥27.3 billion (¥17.1 billion), while Americas sales totalled to ¥6.3 billion (¥5.5 billion) and EMEA sales were ¥5.0 billion (¥2.6 billion).
 
Furthermore, sales from footwear category surged to ¥12.2 billion (¥8.0 billion), while Apparel sales expanded to ¥12.8 billion (¥8.4 billion).

Fibre2Fashion News Desk (JL)

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