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Mizuno Corporation

Japan · Tokyo: 8022.T · Market cap: · P/E: · P/S:

Mizuno makes and sells sports shoes, apparel, and equipment around the world, with running shoes and baseball gear as its best-known products.

Mizuno is a Japanese sports company that makes the gear you wear and swing and run in: running shoes, baseball gloves and bats, golf clubs, volleyball shoes, and sportswear. It sells to ordinary athletes and weekend players, but also to serious competitors and teams, and it has a long history of being the brand that picky athletes trust for equipment that feels precise rather than flashy.

Mizuno Corporation (8022.T) Sporting goods, especially running shoes: line art illustration of A running shoe with a distinctive wavy plastic wave plate visible in its thick sole
Wave Rider shoes
Mizuno Wave Rider shoes use a wavy plate in the sole to absorb impact.

The heart of the business is shoes and equipment, not just clothing. Running shoes are a big deal, especially in Japan and Asia, and Mizuno is one of the few global brands that still makes high-performance baseball gloves and golf clubs rather than just slapping its logo on generic gear. It also has a strong volleyball business, a sport where it is genuinely one of the top names worldwide. Customers pay a premium because the products are engineered seriously — Mizuno is known for things like its Wave cushioning technology in running shoes and its careful approach to club design in golf. Mizuno competes with much bigger rivals like Nike and Adidas, plus Asics in running and Deckers-owned Hoka in the fast-growing performance shoe space. It is far smaller, which means it cannot outspend them on marketing or sponsorships. Instead it leans on its reputation among serious athletes and its strength in baseball and volleyball, sports where it has deep roots and loyal customers. That focus is a strength, but it also makes Mizuno vulnerable: it is less diversified than the giants and more exposed to a handful of sports categories.


Mizuno is headquartered in Osaka, Japan, and it remains a fairly traditional Japanese company — steady, engineering-focused, and not given to flashy acquisitions. It spends on product development and on its own retail and brand presence rather than on buying up other brands. For investors, the story is simple: a respected but smaller player in a market dominated by giants, trying to grow internationally, especially in running and golf, while defending its home turf in Japan and its niche strongholds in baseball and volleyball.

Saved answer · last researched 14 Nov 2026