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Mizuno enters Indian market with cricket gear

Created at 5 Aug · 6:06 PM2 sources↑ Market-relevant2 events
IN SHORT

Japanese athletic equipment maker Mizuno is set to launch sales in India this month, beginning with cricket gear. The company aims to capitalize on rising incomes and increased demand for sports equipment.

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Key Numbers

$2 billionMizuno's projected annual sales for FY25
120-year-oldMizuno's company age
1906Year Mizuno was founded

Who's Involved

Mizuno
Japanese athletic equipment maker launching in India
Joao Félix
Football star and Mizuno ambassador
Rihachi Mizuno
Founder of Mizuno
Mizuno enters Indian market with cricket gear

↳ Why This Matters

Mizuno's entry into the Indian market signifies its strategy to tap into a rapidly growing consumer base for sports equipment, potentially impacting market share and competition within the sector.

Key facts

  • Mizuno, a Japanese athletic equipment maker, is launching sales in India.
  • The company's initial focus will be on cricket equipment.
  • Mizuno sees opportunity in India due to rising incomes and lifestyle changes.
  • Mizuno recently achieved record revenue and profits driven by football products and lifestyle apparel.

Major Japanese athletic equipment manufacturer Mizuno is preparing to enter the Indian market this month. The company plans to initially focus on cricket equipment, capitalizing on the sport's immense popularity in India and a growing demand for athletic gear as incomes rise and lifestyle changes lead to reduced physical activity.

Mizuno has recently seen significant financial success, posting record revenue and profits in its fiscal quarter ending December 31. This growth has been attributed to strong sales of football products and lifestyle sneakers and apparel. The 120-year-old company is projected to reach nearly $2 billion in annual sales for the financial year ending March 2025. Mizuno's resurgence is linked to the quality of its performance products, modernized marketing strategies, and partnerships with high-profile athletes like football star Joao Félix, who serves as a performance and lifestyle ambassador.

The company's history dates back to 1906 when Rihachi Mizuno and his brother founded Mizuno Brothers Ltd. in Osaka, initially selling Western sundries and later expanding into athletic wear and sporting goods, including baseball equipment.

Frequently asked questions

Mizuno will initially focus on selling cricket equipment in the Indian market.

Record revenue and profits have been driven by strong sales of football products and lifestyle sneakers and apparel, along with modernized marketing and athlete endorsements.

Mizuno was founded in 1906 as Mizuno Brothers Ltd. by Rihachi Mizuno and his younger brother Rizo.

What Happens Next

01Mizuno will begin sales in India this month.
02The company will focus on cricket equipment.

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Cadence

How It Developed

Mizuno plans to launch athletic equipment sales in India, starting with cricket gear.
Mizuno will begin sales in India this month, focusing on cricket equipment.

Sources

T1
Japan's Mizuno makes a play in India market with cricket gearNikkei Asia
T1
Japan's Mizuno makes a play for India market with cricket gearNikkei Asia
T2
歴史 | Mizuno Corporationcorp.mizuno.com
T2
How Football and Fashion Revived Mizuno, Japan's Sleeping Sportswear Giant | Daniel-Yaw Millerlinkedin.com

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