TSE:8022Leisure
Mizuno (TSE:8022) Stock Rallies On Faster Profit Growth Than Sales
Mizuno walked into this earnings day with the stock already on a tear, up roughly 20% over the past three months and closing at ¥3,995. The latest results gave the bulls more fuel on profits than on sales. Quarterly net income of ¥6,028m and basic earnings per share of ¥79.27 JPY sit at the heart of today’s story. The market is reacting to an earnings power narrative that looks stronger than the top line. This leaves you to judge whether this enthusiasm matches the fundamentals or stretches...