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Mizuno (8022) · InitiativeAdvanced

Containing Cost Increases and Reducing Costs

First written in FY2016. 16 of 32 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.

32entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2018-Q2 – FY2019RestatedFY2020-Q1 – FY2021-Q3AdvancedFY2025-H1 – FY20262016: 320162017: 420172018: 420182019: 420192020: 420202021: 320212022: 320222023: 320232024: 220242025: 020252026: 22026
Same theme, other companies
Stabilizing and Improving the Efficiency of Raw Materials Procurement and Distribution NetworksA theme 86 companies write about · 2 as a headwind · 87 as a tailwind

32 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 86 companies compared. The sentences above are computed from all 86.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「Business expanded, partly because the gross profit margin improved as a result of strengthening DTC and other initiatives.」

    The improvement in the gross profit margin resulting from stronger DTC operations contributed to business expansion.
  2. 2026-05-12AdvancedEarnings

    「The improvement in gross profit margin resulting from the effects of strengthening DTC and other measures also contributed, driving business growth.」

    DTC強化の効果による売上総利益率の改善が通期業績の拡大に寄与したと記載している。
  3. FY2025-H1AdvancedAnnual report

    「We are also working to improve profitability in running shoes, a major product category, and the gross profit margin improved.」

    The disclosure states that profitability and the gross profit margin for running shoes improved in Europe.
  4. FY2024RestatedAnnual report

    「Improving the gross profit margin is an urgent priority in order to further improve profitability. We will continue developing high-value-added products and services and pursuing cost-reduction activities, while strengthening inventory management at Group companies, working to optimize selling prices, and limiting discount sales.」

    The Group identified improving the gross profit margin as an urgent priority and will continue to focus on high-value-added products and services, cost reduction, inventory management, appropriate pricing, and limiting discounts.
  5. FY2024-Q1RestatedAnnual report

    「Cost increases at overseas manufacturing sites are a serious issue, requiring continuous monitoring of raw-material price movements and local labor-market trends, as well as prompt action. In addition, we implement foreign-exchange hedges as appropriate to smooth the impact of currency movements on directly affected import procurement costs. Furthermore, our Group consistently seeks to manage risk, stabilize quality, and control costs by outsourcing production of products in the same category to multiple contract manufacturers and diversifying manufacturing bases across multiple countries.」

    The Group continues to address rising costs at overseas manufacturing sites, raw-material prices, labor markets, and foreign exchange, while controlling costs through production diversification across multiple contract manufacturers and countries.
  6. FY2023AdvancedAnnual report

    「The gross profit margin declined and inventories remained high in the fiscal year ended March 2023, owing in part to higher raw-material prices, surging international freight rates, and adverse foreign-exchange movements affecting import procurement. To improve this situation, we will continue cost-reduction activities and strengthen inventory management at Group companies, while allocating resources to expand the running and football businesses in overseas markets with growth potential and strengthen global e-commerce channels, thereby pursuing further improvements in profitability.」

    The Group explicitly stated that higher costs had reduced the gross profit margin and left inventories at elevated levels. It will continue cost reduction and tighter inventory management, while increasing resource allocation to overseas businesses and e-commerce.
  7. FY2023-Q3AdvancedAnnual report

    「By minimizing the impact of higher material costs and rising procurement prices caused by foreign-exchange movements through higher sales and expense control, our Group posted net sales of ¥147.402 billion, up ¥22.55 billion, or 18.1%, operating profit of ¥10.154 billion, up ¥2.087 billion, or 25.9%, ordinary profit of ¥10.579 billion, up ¥2.194 billion, or 26.2%, and net income attributable to owners of the parent of ¥7.822 billion, up ¥1.724 billion, or 28.3%. Each reached a record high for a third-quarter cumulative period.」

    The impact of higher material costs and procurement prices caused by foreign-exchange movements was minimized through higher sales and expense control, resulting in record profits for a third-quarter cumulative period.
  8. FY2023-Q2AdvancedAnnual report

    「By minimizing the impact of higher logistics and other costs through increased sales and expense control, our Group posted net sales of ¥99.204 billion, up ¥14.152 billion, or 16.6%, operating profit of ¥8.14 billion, up ¥2.569 billion, or 46.1%, ordinary profit of ¥8.545 billion, up ¥2.689 billion, or 45.9%, and net income attributable to owners of the parent of ¥6.429 billion, up ¥2.144 billion, or 50.1%. Each reached a record high for a second-quarter cumulative period.」

    The Group explained that higher logistics and other costs were minimized through higher sales and expense control.
  9. FY2023-Q1RestatedAnnual report

    「Cost increases at overseas production sites are a serious issue, requiring constant monitoring of raw-material price movements and local labor-market trends, together with a prompt response. In addition, we execute foreign exchange hedges as appropriate to smooth costs affected directly by exchange-rate movements in imported procurement.」

    The Group continues to address rising costs at overseas manufacturing sites, raw-material prices, labor markets, and foreign exchange, using hedging to smooth costs.
  10. FY2022AdvancedAnnual report

    「Operational efficiency improved and profit margins rose substantially as a result of cost-reduction measures implemented during the pandemic, resulting in substantial increases in both revenue and profit.」

    Cost-reduction measures during the pandemic led to greater operating efficiency and improved margins, supporting record operating profit of ¥9.874 billion and ordinary profit of ¥10.977 billion.
  11. FY2022-Q2AdvancedAnnual report

    「Operational efficiency improved and profit margins rose substantially as a result of cost-reduction measures implemented during the pandemic. Operating profit and ordinary profit reached record highs for a second-quarter cumulative period since the introduction of interim consolidated financial reporting.」

    Cost-reduction measures improved operating efficiency and profit margins, resulting in record operating and ordinary profit for a second-quarter cumulative period.
  12. FY2022-Q1AdvancedAnnual report

    「Operational efficiency improved as a result of cost-reduction measures implemented during the pandemic, and operating profit, ordinary profit, and net income attributable to owners of the parent reached record highs for a first-quarter cumulative period.」

    Cost-reduction measures implemented during the pandemic contributed to greater operating efficiency and record profit for a first-quarter cumulative period.
  13. FY2021-Q3RestatedAnnual report

    「Despite efforts to control procurement and expenses, profit declined substantially.」

    The Group continued to control procurement and expenses amid the pandemic-related revenue decline.
  14. FY2021-Q2RestatedAnnual report

    「Despite efforts to control procurement and expenses, profit declined substantially.」

    The Group continued to control procurement and expenses amid the pandemic-related revenue decline, but profit declined substantially.
  15. FY2021-Q1RestatedAnnual report

    「Against this backdrop, our Group suffered a substantial decline in revenue owing to the sharp drop in personal consumption, the cancellation or postponement of sporting events and competitions, and the closure of directly operated stores and facilities. Despite efforts to control procurement and expenses, the Group reported a quarterly net loss.」

    The Group continued to control procurement and expenses amid the pandemic-related revenue decline.
  16. FY2020RestatedAnnual report

    「Under these circumstances, our Group will do its utmost to mitigate infection risks for employees and stakeholders and create a safe and secure workplace, while reducing unnecessary and non-urgent costs and keeping inventories as low as possible.」

    Cost reduction and inventory control were identified as ongoing response measures. In response to the COVID-19 pandemic, the Group specifically cited reducing unnecessary and non-urgent costs and controlling inventory.
  17. FY2020-Q3RestatedAnnual report

    「Cost increases at overseas production sites are a serious issue, requiring constant monitoring of raw-material price movements and local labor-market trends, together with a prompt response. In addition, we execute foreign exchange hedges as appropriate to smooth costs affected directly by exchange-rate movements in imported procurement.」

    The Group continued to address higher costs at overseas production sites, raw-material prices, labor-market conditions, and foreign exchange, using hedging to smooth costs.
  18. FY2020-Q2RestatedAnnual report

    「Cost increases at overseas production sites are a serious issue, requiring constant monitoring of raw-material price movements and local labor-market trends, together with a prompt response. In addition, we execute foreign exchange hedges as appropriate to smooth costs affected directly by exchange-rate movements in imported procurement.」

    The Group continued to address higher costs at overseas production sites, raw-material prices, labor-market conditions, and foreign exchange, using hedging to smooth costs.
  19. FY2020-Q1RestatedAnnual report

    「Cost increases at overseas production sites are a serious issue, requiring constant monitoring of raw-material price movements and local labor-market trends, together with a prompt response. In addition, we execute foreign exchange hedges as appropriate to smooth costs affected directly by exchange-rate movements in imported procurement.」

    The Group continued to address higher costs at overseas production sites, raw-material prices, labor-market conditions, and foreign exchange, using hedging to smooth costs.
  20. FY2019AdvancedAnnual report

    「The gross profit margin improved by 0.7 percentage points year on year as a result of production and procurement-cost reduction efforts and the impact of foreign exchange movements, but gross profit declined by ¥1.74 billion.」

    The gross profit margin improved by 0.7 percentage points year on year, partly because of production and procurement-cost reductions, but this was insufficient to offset the decline in gross profit caused by lower revenue.
  21. FY2019-Q3AdvancedAnnual report

    「Against this backdrop, the Group made progress in improving the gross profit margin from the previous fiscal year, but sales struggled globally, particularly for running shoes, where the market had contracted. As a result, revenue decreased by ¥6.63 billion, or 4.9% year on year, to ¥127.65 billion. Operating profit declined by ¥771 million, or 15.1%, to ¥4.353 billion. Although the gross profit margin improved and expenses were reduced, the decrease in gross profit resulting from lower revenue could not be offset.」

    The Group reported progress in improving the gross profit margin and reducing expenses, but these gains were insufficient to offset the decline in revenue, particularly from running shoes.
  22. FY2019-Q2AdvancedAnnual report

    「Although the Group made further progress in reducing costs, sales struggled globally, particularly for running shoes.」

    Further progress in cost reduction from the previous fiscal year improved the gross profit margin and reduced expenses, but these benefits were insufficient to offset the decline in profit caused by lower revenue.
  23. FY2019-Q1AdvancedAnnual report

    「Although the Group made further progress in reducing costs, sales struggled globally, particularly for running shoes.」

    Cost reduction progressed further from the previous fiscal year. Although profit declined because of weaker sales, the gross profit margin improved.
  24. FY2018AdvancedAnnual report

    「The decline in the gross profit margin that had continued for several years was brought under control to some extent during the consolidated fiscal year under review, partly as a result of cost-reduction measures. Going forward, we will continue efforts to reduce costs, review the allocation of management resources, and accelerate investment in new business areas to establish a new growth strategy and further improve our target management indicators, ROA and ROE.」

    Cost-reduction measures helped halt the decline in the gross profit margin, which improved by 3.1 percentage points year on year. In addition to continuing cost reductions, the Group plans to review resource allocation and accelerate investment in new businesses.
  25. FY2018-Q3AdvancedAnnual report

    「Regarding “improving management efficiency, primarily through cost reduction,” the gross profit margin improved as a result of production and procurement-cost reduction efforts and lower procurement costs due to foreign exchange movements.」

    The improvement in the gross profit margin reflected the results of production and procurement-cost reductions, as well as lower procurement costs arising from foreign exchange movements.
  26. FY2018-Q2AdvancedAnnual report

    「Regarding “improving management efficiency, primarily through cost reduction,” although the effect of foreign exchange was substantial during the first half of the consolidated fiscal year under review, production-cost improvements unrelated to foreign exchange also produced some results.」

    The Group reported some progress in production-cost improvements beyond the benefits of foreign exchange, indicating progress in cost-reduction measures.
  27. FY2018-Q1ReframedAnnual report

    「During the first quarter of the consolidated fiscal year under review, the Group identified “improving the Americas business,” “rebuilding the golf business,” and “improving management efficiency, primarily through cost reduction” as its highest-priority issues and managed its businesses accordingly.」

    The priority was reframed from “reducing the cost ratio as an overriding priority” to “improving management efficiency, primarily through cost reduction.”
  28. FY2017RaisedAnnual report

    「Regarding the reduction of the cost ratio as an overriding priority, we will review every business process and pursue efficient management.」

    The previous cost-reduction policy was strengthened to identify reducing the cost ratio as the highest priority, with a review of all business processes presented as the specific means.
  29. FY2017-Q3RestatedAnnual report

    「In addition, the Group has consistently pursued risk management, quality stability, and cost containment by outsourcing production of products in the same category to multiple contract manufacturers and diversifying production sites across multiple countries.」

    The Group continued to stabilize quality and contain costs by diversifying production across multiple contract manufacturers and countries.
  30. FY2017-Q2RestatedAnnual report

    「In addition, the Group has consistently pursued risk management, quality stability, and cost containment by outsourcing production of products in the same category to multiple contract manufacturers and diversifying production sites across multiple countries.」

    Cost reduction was reiterated as a top priority, with cost containment pursued through production diversification across multiple contract manufacturers and countries.
  31. FY2017-Q1ReframedAnnual report

    「Against this backdrop, the Group identified “restoring profitability in the Americas,” “efforts to reduce costs,” and “developing business models in new business areas” as its highest-priority issues and managed its businesses accordingly.」

    The wording shifted from the previous “containing cost increases” to “efforts to reduce costs.” Measures such as diversifying production sites, using multiple contract manufacturers, and hedging foreign exchange exposure continued.
  32. FY2016First statedAnnual report

    「During the consolidated fiscal year under review, the Group identified “containing cost increases” and “developing business models in non-sports fields” as its highest-priority issues and managed its businesses accordingly.」

    Measures included diversifying production sites, developing new materials, diversifying suppliers, and improving hedge effectiveness through stricter demand forecasting and delivery-date management.
Moved together

"Restoring Profitability in the Americas" moved the same way as this thread, in the same document, in 13 of its 32 moves.

131310999★123456
  1. ★This thread
  2. 1Restoring Profitability in the Americas13×
  3. 2Risk of Oversupply and Price Competition in the Americas13×
  4. 3Sales and Profitability Recovery in Europe10×
  5. 4Improving the profitability of the Japan business through profit-focused sales and lower procurement costs9×
  6. 5Profit Improvement in Asia and Oceania Despite Lower Sales9×
  7. 6Growth of the Sports Facility Services Business9×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Mizuno yet. It last moved in the Earnings of 2026-05-12: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Containing Cost Increases and Reducing Costs | Mizuno Corporation (8022) | Komori