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Mizuno Corp (8022.T)

8022.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mizuno lowers consolidated full-year outlook for FY 2016
Friday, 5 Feb 2016 01:00am EST 

Mizuno Corp:Says the company lowered the consolidated full-year outlook for revenue to 197,000 million yen from 200,000 million yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 3,000 million yen from 6,000 million yen.Sees a decrease of ordinary profit forecast to 3,200 million yen from 6,000 million yen.Sees a decrease of net profit forecast to 2,500 million yen from 3,700 million yen.Sees a decrease of earnings per share to 19.87 yen from 29.41 yen.FY 2016 revenues of 195.19 billion yen, net profit of 3.39 billion yen – Thomson Reuters I/B/E/S.Comments that decreased sales of shoes business is the main reason for the forecast.  Full Article