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Mizuno Corporation

MIZUF
51
Specialty Retail · Consumer Cyclical
Exchange
Other OTC
Winston Score
51
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Good
Cash Flow
Weak
Stability
Exceptional
Valuation
Mixed

Winston Score History

The full picture

Mizuno Corporation is a Japanese sporting goods company that makes and sells athletic equipment, apparel, and footwear. Its core products include baseball gloves and bats, golf clubs, running shoes, volleyball gear, and swimwear. The company sells to amateur and professional athletes worldwide, and it is especially well known in Japan, where it is one of the most recognized sports brands.

Mizuno earns money by selling its products through retail stores, specialty sports shops, and its own direct channels. The company operates globally, with strong sales in Japan, North America, and Europe, though Japan remains its largest market. Its competitive edge comes from a reputation for high-quality craftsmanship, particularly in baseball and golf equipment, built over more than a century in business. The main risk Mizuno faces is competition from much larger global brands like Nike and Adidas, which have significantly greater marketing budgets and broader consumer reach.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+35.0% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

34.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$60.7B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Mizuno Corporation is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
43.6%
Healthy — 43.6% gross margin
Profit after running costs
Operating Margin
11.7%
Modest — 11.7% operating margin
Return on the money invested
ROCE
12.4%
Good — 12.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+10.2%
Steady sales growth (+10.2% YoY)
Profit growth
EPS YoY
+31.8%
Earnings growing fast (+31.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
0%
Weak — only 0% of profit becomes cash
Spare cash per sale
FCF Margin
0.0%
Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.13
Conservative — low debt load (0.13)
Covers its interest
Interest Cover
72.94x
Comfortably covers interest (72.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
16.0x
no trend
Fair value — P/E 16.0

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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