Tokyo Traveler

Osaka-based Mizuno Corporation reported strong profits in Q1 lead by sales in the Americas of 15% and Europe at 14%. Mizuno’s Q1 net income was 1.2 billion, an increase of 23% from Q1 2009. Lead by the athletic footwear category sales increased by 800 million yen, with sales in baseball also greatly contributing. Overall group revenue for Mizuno increased to 41.1 billion from 40.9 billion in 2009. At the end of Q1 Mizuno finished with 129.8 billion yen in cash.