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Mizuno, Oct-Dec (3Q) Ordinary Profit Increases by 11%, Current Fiscal Year Dividend Revised Upward by 10 Yen

Tue Feb 10, 2026 1:00 pm JST Earnings

8022 Mizuno Corporation 【J-GAAP】

Earnings Report

Mizuno Corporation <8022> [TSE Prime] announced its financial results in the afternoon session on February 10th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 12.1% from the same period last year, reaching 18.9 billion yen. Progress toward the full-year plan of 23.0 billion yen was 82.5%, also surpassing the five-year average of 70.6%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 9.2% from the same period last year to 4.01 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 50 yen to 60 yen (compared to 150 yen before the 3-for-1 forward stock split in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 11.4% from the same period last year, reaching 6.26 billion yen. The operating profit margin improved from 8.7% in the same period last year to 9.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 168,046 13,738 15,045 11,322 147.6 78.0 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 175,364 16,003 16,928 12,609 164.3 79.3 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 187,345 17,941 18,982 14,882 193.9 82.5 Feb 10, 2026 J-GAAP
YoY +6.8% +12.1% +12.1% +18.0% +18.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 133,492 10,489 10,278 6,624 86.3 25 Nov 7, 2025 J-GAAP
Oct - Mar, 2025 New 133,492 10,489 10,278 6,624 86.3 35 Feb 10, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 260,000 22,500 23,000 16,500 214.9 50 May 13, 2025 J-GAAP
Mar, 2026 New 260,000 22,500 23,000 16,500 214.9 60 Feb 10, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 120,722 9,626 10,044 7,146 93.1 30 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 133,492 10,489 10,278 6,624 86.3 35 Feb 10, 2026 J-GAAP
YoY +10.6% +9.0% +2.3% -7.3% -7.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 229,711 17,279 19,288 14,311 186.6 40 May 10, 2024 J-GAAP
Mar, 2025 240,335 20,777 21,352 15,243 198.7 50 May 13, 2025 J-GAAP
Mar, 2026 Guidance 260,000 22,500 23,000 16,500 214.9 60 Feb 10, 2026 J-GAAP
YoY +8.2% +8.3% +7.7% +8.2% +8.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 55,751 4,852 5,620 4,512 58.8 8.7 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 64,971 4,774 4,424 2,634 34.3 7.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 63,528 6,281 6,762 4,880 63.6 9.9 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 62,980 5,730 5,960 4,996 65.1 9.1 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 60,837 5,930 6,260 5,006 65.2 9.7 Feb 10, 2026 J-GAAP
YoY +9.1% +22.2% +11.4% +10.9% +10.9%

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