# Asics vs Mizuno

> Unit: JPY millions (ratios in %)
> Periods: Asics = FY ending Dec 2025, consolidated, J-GAAP / Mizuno = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T20:48:08.244Z

| Metric | Asics | Mizuno |
| --- | ---: | ---: |
| Revenue | 810,916 | 259,045 |
| Operating income | 142,519 | 22,603 |
| Net income | 98,719 | 18,376 |
| COGS ratio | 43.2% | 58.1% |
| Operating margin | 17.6% | 8.7% |
| Net margin | 12.2% | 7.1% |
| FCF margin | 9.8% | 5.2% |
| Period | FY ending Dec 2025 | FY ending Mar 2026 |
| Source | S100XOKI | S100YFWX |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Asics | Mizuno |
| --- | ---: | ---: |
| Revenue growth | 80.6 (18 peers) | 63.9 (18 peers) |
| Profitability | 82.5 (20 peers) | 62.5 (20 peers) |
| Cash conversion | 44.1 (17 peers) | 38.2 (17 peers) |
| Efficiency | 77.5 (20 peers) | 37.5 (20 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/asics/md
- https://vizora.meequs.com/en/company/mizuno/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).