Mizuno (8022) AI Stock Analysis

• Market Cap: ¥269.19B
• Dividend Yield: 1.81%
• Average Volume (3M): 250.66K
• Price to Earnings (P/E): 15.4
• Beta (1Y): 1.07
• Revenue Growth: 5.29%
• EPS Growth: 16.34%
• Country: JP
• Employees: 3,584
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 65.08
• Shares Outstanding: 79,734,726
• 10 Day Avg. Volume: 259,690
• 30 Day Avg. Volume: 250,656
• PEG Ratio: 0.67
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 0.28
• P/FCF Ratio: 17.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 79 Outperform
• Price Target: ¥3,947.00 ▲(15.07% Upside)

Mizuno's strong financial performance and positive technical indicators are the primary drivers of its stock score. The company's stable balance sheet and upward price trends support a favorable outlook. However, the decline in cash flow metrics and lack of earnings call data are areas to watch.

Positive Factors

Low Financial Leverage

Very low debt and a strong equity ratio provide durable financial flexibility, enabling sustained investment in product R&D, capex and working capital. This balance-sheet strength reduces refinancing risk and helps weather economic cycles over the next several quarters.

Improving Profitability and Margins

Expanding gross and net margins reflect structural pricing power and effective cost control, supporting sustainable earnings generation. Improved operational efficiency increases cash flow potential and resilience of core business profitability over the medium term.

Consistent Revenue and EPS Growth

Steady top-line growth with meaningful EPS expansion signals healthy product demand and rising operational leverage. Consistent revenue and earnings growth underpin long-term cash generation and reinvestment capacity, supporting strategic initiatives and competitive positioning.

Negative Factors

Declining Free Cash Flow

A meaningful decline in free cash flow weakens the company’s ability to self-fund capex, R&D, dividends or buybacks. Even with profitability, declining FCF reduces financial optionality and raises the importance of restoring cash generation over coming quarters.

Weak Cash Conversion Efficiency

Sub-1 cash conversion ratios indicate earnings are not fully converting to cash, suggesting working-capital strain or non-cash earnings components. Persistent low conversion can pressure liquidity and limit sustainable reinvestment or shareholder returns over time.

Slight Rise in Total Debt

Although leverage remains low today, an upward debt trend can erode the strong equity cushion and reduce flexibility to fund growth or absorb shocks. If the debt trend continues, it could constrain strategic choices and raise financing costs longer term.

Mizuno Business Overview & Revenue Model

Company Description

Mizuno Corporation manufactures and sells sports products in Japan, Europe, the Americas, the rest of Asia, and Oceania. The company offers baseball products, sportswear, sports shoes, and golf products; and equipment related to the operation of sports facilities. Mizuno Corporation was founded in 1906 and is headquartered in Osaka, Japan.

How the Company Makes Money

Mizuno generates revenue through several key streams, primarily by selling sports equipment, apparel, and footwear. The company earns money from direct sales to consumers through its retail stores and online platforms, as well as wholesale distribution to various sporting goods retailers. Additionally, Mizuno benefits from partnerships with professional athletes and sports teams, which enhance brand visibility and credibility. Licensing agreements and collaborations with other brands also contribute to its revenue. The company's focus on research and development allows it to innovate and maintain a competitive edge, attracting customers and driving sales.

Mizuno Financial Statement Overview

Summary

Mizuno shows strong financial performance with robust revenue growth and profitability. The balance sheet is stable with low leverage, but the decline in cash flow metrics suggests potential challenges in cash management.

Income Statement

Mizuno's income statement reveals strong financial performance with consistent revenue growth over the years. The Gross Profit Margin improved, reaching 39.8% in 2025. The Net Profit Margin also increased to 6.3% in 2025, indicating improved profitability. Revenue growth was robust with a 4.6% increase in 2025 compared to 2024, showcasing the company's positive growth trajectory. EBIT and EBITDA margins have improved, signaling effective cost management and operational efficiency.

Balance Sheet

The balance sheet of Mizuno reflects a stable financial position. The Debt-to-Equity ratio is low at 0.086, indicating low financial leverage and a strong equity base. Return on Equity (ROE) is healthy at 9.7% in 2025, showing effective use of equity to generate profit. The Equity Ratio is solid at 71.6%, denoting a strong equity position relative to total assets. This stability is a positive indicator for investors, although a slight increase in total debt should be monitored.

Cash Flow

Mizuno's cash flow statement presents mixed results. Free Cash Flow in 2025 is positive, although it decreased significantly compared to 2024. The Operating Cash Flow to Net Income ratio is 0.46, suggesting moderate cash conversion efficiency. The Free Cash Flow to Net Income ratio of 0.24 indicates room for improvement in cash generation relative to net income. The decline in operating cash flows from 2024 to 2025 could be a concern that requires careful monitoring.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	243.08B	240.34B	229.71B	212.04B	172.74B	150.42B
Gross Profit	97.14B	95.57B	90.95B	81.02B	71.57B	60.60B
EBITDA	24.02B	25.10B	23.43B	16.60B	13.83B	8.98B
Net Income	14.99B	15.24B	14.31B	9.91B	7.72B	3.75B
Balance Sheet
Total Assets	214.91B	218.48B	206.15B	197.52B	166.36B	157.14B
Cash, Cash Equivalents and Short-Term Investments	35.99B	32.40B	31.96B	23.84B	24.43B	22.64B
Total Debt	12.99B	13.49B	12.66B	23.84B	10.63B	17.43B
Total Liabilities	57.82B	61.35B	64.09B	73.25B	53.90B	52.97B
Stockholders Equity	156.30B	156.35B	141.45B	123.74B	111.98B	103.78B
Cash Flow
Free Cash Flow	0.00	3.73B	19.40B	-13.33B	9.38B	6.35B
Operating Cash Flow	0.00	7.01B	21.41B	-8.05B	12.04B	8.78B
Investing Cash Flow	0.00	-3.51B	131.00M	-4.45B	-2.18B	-841.00M
Financing Cash Flow	0.00	-4.01B	-14.01B	11.01B	-8.77B	-2.31B

Mizuno Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3430.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8022, the sentiment is Positive. The current price of 3430 is above the 20-day moving average (MA) of 3210.80, above the 50-day MA of 3028.24, and above the 200-day MA of 2727.76, indicating a bullish trend. The MACD of 136.39 indicates Negative momentum. The RSI at 76.04 is Negative, neither overbought nor oversold. The STOCH value of 70.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8022.

Mizuno Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8022	79 Outperform	¥269.19B	15.42	10.61%	1.81%	5.29%	16.34%
3028	63 Neutral	¥84.20B	16.06	―	2.11%	6.04%	93.19%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
8281	60 Neutral	¥48.63B	-48.81	―	3.31%	0.88%	-138.66%
7514	43 Neutral	¥10.71B	-250.38	―	3.08%	3.31%	-94.69%

Mizuno Corporate Events

Mizuno Corporation Reports Strong Financial Performance for First Half of Fiscal Year 2026

Mizuno Corporation reported a positive financial performance for the first half of the fiscal year ending March 31, 2026, with a 5.8% increase in net sales and a 22% rise in profit attributable to owners of the parent compared to the previous year. The company also executed a stock split, which impacted earnings per share calculations, and maintained its dividend forecast, indicating stable financial health and confidence in future growth.

The most recent analyst rating on (JP:8022) stock is a Buy with a Yen2956.00 price target. To see the full list of analyst forecasts on Mizuno stock, see the JP:8022 Stock Forecast page.