Key Developments: Mizuno Corp (8022.T)

8022.T on Tokyo Stock Exchange

590JPY
19 Dec 2014
Price Change (% chg)

¥15 (+2.61%)
Prev Close
¥575
Open
¥580
Day's High
¥590
Day's Low
¥576
Volume
205,000
Avg. Vol
186,754
52-wk High
¥636
52-wk Low
¥477

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Latest Key Developments (Source: Significant Developments)

Mizuno Corp lowers consolidated full-year outlook for FY 2015
Thursday, 13 Nov 2014 01:00am EST 

Mizuno Corp:Says the company lowered the consolidated full-year outlook for revenue to 186,000 million yen from 195,000 million yen for the fiscal year ending March 31. 2015.Sees a decrease of operating profit forecast to 5,900 million yen from 8,000 million yen.Sees a decrease of ordinary profit forecast to 6,000 million yen from 8,000 million yen.Sees a decrease of net profit forecast to 3,400 million yen from 5,000 million yen.Sees a decrease of earnings per share to 27.13 yen from 39.89 yen.FY 2015 revenues of 190.47 billion yen, net profit of 3.33 billion yen – Thomson Reuters I/B/E/S.Comments that the increased purchasing cost, as well as the less-than-expected sales of running-shoes business are the main reasons for the forecast.  Full Article

Mizuno Corp's Mizuno USA and Atlanta Track Club announce long-term partnership
Wednesday, 12 Nov 2014 10:00am EST 

Mizuno Corp's Mizuno USA, Inc and Atlanta Track Club:Says an exclusive partnership, uniting two prestigious Atlanta-based athletic brands guided by their mission to change lives through the power of running.Featuring a long-term commitment from both organizations, this partnership will help Atlanta Track Club grow the impact of its world-class running events, membership services, programs and products on the Metro Atlanta community.First fully-integrated sponsorship for Atlanta Track Club and a first-of-its-kind partnership for Mizuno in North America, this agreement will impact all facets of both organizations.Beginning Jan. 01, 2015, Mizuno will be the Official Footwear and Apparel Partner of Atlanta Track Club, incorporating the brand in all of its running events, programs and merchandise.  Full Article

Mizuno Corp Amends Consolidated Full-year Forecast for FY 2014
Wednesday, 13 Nov 2013 01:00am EST 

Mizuno Corp announced that it has reaffirmed the consolidated full-year forecast for revenue of JPY 183,000 million and lowered the forecast for operating profit from JPY 7,000 million to JPY 5,500 million, ordinary profit from JPY 7,000 million to JPY 5,500 million, net profit from JPY 4,200 million to JPY 2,100 million and earning per share from JPY 33.67 to JPY 16.83 for the fiscal year ending March 31, 2014. The Company lowered the consolidated full-year outlook due to increased cost. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 177.21 billion and net profit of JPY 3.50 billion for the fiscal year ending March 2014.  Full Article

Mizuno Corp Completes to Sell Treasury Stock
Thursday, 26 Sep 2013 02:00am EDT 

Mizuno Corp announced that it has completed to sell 482,000 shares to its treasury stock, at the price of JPY 628 per share, or JPY 302,960,000 in total, to DUCKHWA SPORTS CO.,LTD. through private placement, on September 26, 2013.  Full Article

Mizuno Corp to Sell Treasury Stock
Tuesday, 27 Aug 2013 02:10am EDT 

Mizuno Corp announced that it will sell 482,000 shares of its common stock, at the price of JPY 628 per share, or JPY 302,696,000 in total, to DUCKHWA SPORTS CO.,LTD, through private placement, on September 26, 2013. The Company will use the proceeds to repay bank loans.  Full Article

Mizuno Corp Establishes New Subsidiary; Announces Business Transfer from DUCKHWA SPORTS CO.,LTD. to New Subsidiary
Friday, 28 Jun 2013 02:00am EDT 

Mizuno Corp announced that it has established a new wholly owned subsidiary MIZUNO KOREA LTD. in South Korea, which is engaged in planning, manufacture and sale of golf products, baseball products and running shoes, on April 1, 2013. The Company also announced that MIZUNO KOREA will acquire sports product retail and wholesale business from a South Korea-based company DUCKHWA SPORTS CO.,LTD., on July 1, 2013. The transaction price is not disclosed.  Full Article

Mizuno Corp Amends Consolidated Full-year Forecast for FY 2013
Friday, 8 Feb 2013 01:00am EST 

Mizuno Corp announced that it has reaffirmed the consolidated full-year forecast for revenue of JPY 167,000 million, lowered the forecast for operating profit from JPY 6,600 million to JPY 5,000 million, ordinary profit from JPY 6,400 million to JPY 5,000 million, net profit from JPY 3,800 million to JPY 2,200 million and earning per share from JPY 30.50 to JPY 17.66 for the fiscal year ending March 31, 2013. The Company lowered the consolidated full-year outlook due to increased costs.  Full Article

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