Mizuno (8022) AI Stock Analysis

• Market Cap: $212.28B
• Dividend Yield: 1.87%
• Average Volume (3M): 324.66K
• Price to Earnings (P/E): 13.8
• Beta (1Y): 1.03
• Revenue Growth: 4.18%
• EPS Growth: 1.40%
• Country: JP
• Employees: 3,584
• Sector: Consumer Cyclical
• Sector Strength: 68
• Industry: Specialty Retail
• EPS (TTM): 63.60
• Shares Outstanding: 79,734,726
• 10 Day Avg. Volume: 497,550
• 30 Day Avg. Volume: 324,663
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.86
• Enterprise Value/Revenue: 0.77
• Enterprise Value/Gross Profit: 1.88
• Enterprise Value/Ebitda: 7.37
• 1Y Price Target: $2,989.68
• Price Target Upside: 10.98% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: ¥2,989.00 ▲(10.95% Upside)

Mizuno's strong financial performance and stable balance sheet are significant strengths, contributing positively to the overall score. However, technical indicators suggest neutral to bearish momentum, and cash flow challenges need addressing. The valuation is fair, supporting a moderate overall stock score.

Mizuno Business Overview & Revenue Model

Company Description

Mizuno Corporation, established in 1906 and headquartered in Osaka, Japan, is a leading global sports equipment and sportswear company. The company operates in various sectors including sporting goods, apparel, and footwear, offering a wide range of products for sports such as baseball, golf, running, and volleyball. Mizuno is renowned for its commitment to quality and innovation, providing products that enhance athletic performance and cater to the needs of both professional athletes and casual sports enthusiasts.

How the Company Makes Money

Mizuno makes money primarily through the sale of a diverse array of sporting goods and apparel. Its key revenue streams include the sale of sporting equipment such as baseball bats, golf clubs, and volleyballs, and the sale of sportswear including running shoes, athletic apparel, and accessories. Mizuno distributes its products through various channels including direct-to-consumer online sales, retail partnerships, and wholesale agreements with sporting goods stores globally. The company's earnings are bolstered by its strong brand reputation and strategic partnerships with professional sports teams and athletes, which enhance brand visibility and influence consumer purchasing decisions.

Mizuno Financial Statement Overview

Summary

Mizuno shows strong financial performance with robust revenue growth and profitability. The balance sheet is stable with low leverage, which supports long-term sustainability. However, a decline in cash flow metrics suggests challenges in cash management, which need addressing.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	240.34B	229.71B	212.04B	172.74B	150.42B
Gross Profit	95.57B	90.95B	81.02B	71.57B	60.60B
EBITDA	25.10B	23.43B	15.80B	12.74B	6.72B
Net Income	15.24B	14.31B	9.91B	7.72B	3.75B
Balance Sheet
Total Assets	218.48B	206.15B	197.52B	166.36B	157.14B
Cash, Cash Equivalents and Short-Term Investments	32.40B	31.96B	23.84B	24.43B	22.64B
Total Debt	13.49B	12.66B	23.84B	10.63B	17.43B
Total Liabilities	61.35B	64.09B	73.25B	53.90B	52.97B
Stockholders Equity	156.35B	141.45B	123.74B	111.98B	103.78B
Cash Flow
Free Cash Flow	3.73B	19.40B	-13.33B	9.38B	6.35B
Operating Cash Flow	7.01B	21.41B	-8.05B	12.04B	8.78B
Investing Cash Flow	-3.51B	131.00M	-4.45B	-2.18B	-841.00M
Financing Cash Flow	-4.01B	-14.01B	11.01B	-8.77B	-2.31B

Mizuno Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2694.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• 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 2694 is below the 20-day moving average (MA) of 2722.75, above the 50-day MA of 2656.10, and above the 200-day MA of 2670.49, indicating a neutral trend. The MACD of -2.02 indicates Positive momentum. The RSI at 49.49 is Neutral, neither overbought nor oversold. The STOCH value of 52.26 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	72 Outperform	$212.28B	13.81	10.06%	1.87%	4.18%	1.40%
8281	66 Neutral	¥50.31B	50.89		2.86%	1.82%	-148.67%
Sector *	66 Neutral	S$1.04B	25.00	6.20%	2.65%	4.19%	-33.09%
7514	65 Neutral	¥10.78B	73.73		2.93%	3.46%	―
3028	65 Neutral	¥87.62B	16.12		2.02%	6.21%	221.56%

Mizuno Corporate Events

Mizuno Completes Treasury Share Disposal for Employee Incentive Plan

Mizuno Corporation completed the payment procedures for the disposal of treasury shares as part of a restricted stock incentive for its Employee Stock Ownership Plan. The number of shares disposed of and the total disposal amount were adjusted due to partial forfeiture, reflecting the final number of participating members in the incentive plan.

Mizuno Corporation Reports Q1 Financial Results and Positive Outlook

Mizuno Corporation reported a 4.5% increase in net sales for the first quarter of the fiscal year ending March 31, 2026, despite a decline in operating and ordinary profits. The company conducted a stock split effective April 1, 2025, and forecasts continued growth in net sales and profits for the fiscal year, indicating a strategic focus on expanding its market presence.

Mizuno Completes Disposal of Treasury Shares for Restricted Stock Remuneration

Mizuno Corporation has completed the payment procedures for the disposal of its treasury shares as restricted stock remuneration, a decision made during the Board of Directors meeting on June 20, 2025. This move involves the disposal of 27,883 common shares at a price of 2,563 yen per share, totaling 71,464,129 yen, and aims to align the interests of the company’s directors and executive officers with those of its shareholders, potentially impacting the company’s governance and stakeholder relations.

Mizuno Corporation Announces Disposal of Treasury Shares for Incentive Plan

Mizuno Corporation has announced the disposal of 27,883 treasury shares as part of its Restricted Stock Remuneration Plan, aimed at providing medium- to long-term incentives for its directors and executive officers. This move is intended to align the interests of the company’s leadership with those of its shareholders, enhancing motivation and commitment over a ten-year period, thus potentially impacting the company’s operational focus and shareholder value positively.

Mizuno Corporation Announces Leadership Changes for Global Growth

Mizuno Corporation announced changes in its leadership structure, effective June 20, 2025, aiming for sustainable growth and enhanced global corporate value. Takeshi Shichijo is set to become the new Representative Director and Senior Managing Executive Officer, succeeding Daisuke Fukumoto, who will retire to become a Corporate Adviser. These changes reflect Mizuno’s strategic focus on strengthening its global management framework.

Mizuno Announces Treasury Share Disposal for Employee Incentive Plan

Mizuno Corporation has announced a decision to dispose of its treasury shares as part of a Restricted Stock Incentive Plan for its Employee Stock Ownership Plan. This initiative aims to provide employees with opportunities to acquire company shares, thereby supporting their asset building and increasing their engagement with the company’s performance and stock price. The plan is expected to enhance corporate value by aligning employee interests with those of shareholders, promoting motivation and initiative among the workforce.