Mizuno Corporation (JP:8022)
:8022
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Mizuno
(8022)
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Rating:68Neutral
Price Target:
¥3,472.00
▲(1.22% Upside)
Action:Downgraded
Date:05/13/26
The score is driven primarily by solid financial performance (growth, improving profitability, and low leverage) tempered by volatile operating/free cash flow. Technical indicators are mixed with weak momentum signals, while valuation is supportive with a moderate P/E and a modest dividend yield.
Positive Factors
Consistent revenue growth
Multi-year top-line growth demonstrates enduring demand for Mizuno’s products and successful recovery cycles. Sustained revenue expansion supports scale advantages, underpins margin improvement, and provides a base for reinvestment in product, channels, and brand development over the next several quarters.
Negative Factors
Volatile cash generation
Irregular operating and free cash flow indicates weak cash conversion and working-capital swings. Persistent volatility can constrain capital allocation, limit reliable dividend or buyback capacity, and raise refinancing or liquidity risk if earnings soften or investment needs rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Multi-year top-line growth demonstrates enduring demand for Mizuno’s products and successful recovery cycles. Sustained revenue expansion supports scale advantages, underpins margin improvement, and provides a base for reinvestment in product, channels, and brand development over the next several quarters.
Read all positive factors
Mizuno (8022) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥258.17B
Dividend Yield1.81%
Average Volume (3M)250.66K
Price to Earnings (P/E)13.6
Beta (1Y)1.23
Revenue Growth7.78%
EPS Growth20.67%
CountryJP
Employees3,584
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)195.31
Shares Outstanding79,734,726
10 Day Avg. Volume259,690
30 Day Avg. Volume250,656
Financial Highlights & Ratios
PEG Ratio0.68
Price to Book (P/B)1.49
Price to Sales (P/S)1.00
P/FCF Ratio17.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)240.9
Revenue Forecast (FY)¥276.48B
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 s...
How the Company Makes Money
Mizuno makes money primarily by selling sporting goods—especially athletic footwear, sports apparel, and sports equipment—through wholesale and retail distribution. Revenue is generated from product sales to retailers and distributors as well as d...
Mizuno Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 243.08B | 259.05B | 240.34B | 229.71B | 212.04B | 172.74B |
| Gross Profit | 100.13B | 105.28B | 95.57B | 88.21B | 78.51B | 69.45B |
| EBITDA | 23.82B | 26.45B | 23.95B | 20.60B | 15.80B | 12.74B |
| Net Income | 14.99B | 18.38B | 15.24B | 14.31B | 9.91B | 7.72B |
Balance Sheet | ||||||
| Total Assets | 214.91B | 251.47B | 218.48B | 206.15B | 197.52B | 166.36B |
| Cash, Cash Equivalents and Short-Term Investments | 35.99B | 46.02B | 32.40B | 31.96B | 23.84B | 24.43B |
| Total Debt | 12.99B | 25.11B | 16.60B | 13.40B | 24.81B | 11.21B |
| Total Liabilities | 57.82B | 77.19B | 61.35B | 64.08B | 73.24B | 53.89B |
| Stockholders Equity | 156.30B | 173.36B | 156.35B | 141.45B | 123.74B | 111.98B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 14.58B | 3.73B | 20.11B | -12.43B | 10.14B |
| Operating Cash Flow | 0.00 | 17.31B | 7.01B | 21.41B | -8.05B | 12.04B |
| Investing Cash Flow | 0.00 | -5.28B | -3.51B | 131.00M | -4.45B | -2.18B |
| Financing Cash Flow | 0.00 | 1.10B | -4.01B | -14.01B | 11.01B | -8.77B |
Mizuno Technical Analysis
Positive
3430.00
Price Trends
3385.55
Negative
3465.63
Negative
3108.88
Positive
Market Momentum
-49.96
Positive
45.63
Neutral
35.63
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 3324.50, above the 50-day MA of 3385.55, and above the 200-day MA of 3108.88, indicating a neutral trend. The MACD of -49.96 indicates Positive momentum. The RSI at 45.63 is Neutral, neither overbought nor oversold. The STOCH value of 35.63 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥879.80B | 18.27 | 49.14% | 2.82% | 7.15% | 6.34% | |
68 Neutral | ¥258.17B | 13.60 | 10.61% | 1.81% | 7.78% | 20.67% | |
63 Neutral | ¥76.15B | 15.69 | ― | 2.11% | 4.97% | -22.34% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ¥46.78B | -20.24 | ― | 3.31% | 0.69% | -377.37% | |
46 Neutral | ¥1.62T | -13.15 | -21.14% | ― | 10.70% | 36.82% | |
43 Neutral | ¥10.36B | -50.67 | ― | 3.08% | 2.51% | -235.45% |
* Consumer Cyclical Sector Average
JP:8022
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Mizuno Corporate Events
Mizuno to Issue Restricted Treasury Shares for Employee Stock Ownership Plan
May 12, 2026
Mizuno has approved the disposal of up to 45,045 treasury shares as restricted stock to its Employee Stock Ownership Plan, with a planned issue price of ¥3,365 per share and a potential maximum value of about ¥151.6 million, depending on...
Mizuno Overhauls Top Management and Governance Ahead of June 2026
May 12, 2026
Mizuno announced a broad reshuffle of its leadership, with the Board approving changes to representative directors, directors, audit and supervisory committee members, and executive officers effective June 24, 2026, pending shareholder approval. R...
Mizuno boosts profits and cash reserves as it targets further growth in FY2027
May 12, 2026
Mizuno reported consolidated net sales of ¥259.0 billion for the fiscal year ended March 31, 2026, up 7.8% year on year, with operating profit rising 8.8% to ¥22.6 billion and profit attributable to owners of parent climbing 20.6% to ...
Mizuno Adds World Masters Games Entry to Shareholder Perks
Mar 24, 2026
Mizuno Corporation has expanded its shareholder benefits program by introducing access to the 2027 World Masters Games Kansai, an international multi-sport event for athletes aged 30 and over. The move is aimed at expressing gratitude to sharehold...
Mizuno Completes Nearly Full ¥3 Billion Share Buyback to Boost Capital Efficiency
Feb 27, 2026
Mizuno Corporation has completed a share repurchase of 740,700 common shares for approximately ¥3.0 billion via an off-auction ToSTNeT-3 transaction on the Tokyo Stock Exchange. The buyback was executed at ¥4,050 per share on February 27...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.