Mizuno ECONOMIC

Target: Mizuno Corporation Research date: 25 October 2026 Scope: Corporate structure, commercial activity, supply chains, investment, and financial exposure relating to Israel and the occupied Palestinian territories.

Supply Chain & Sourcing Relationships

Direct supplier relationships

No public evidence identified establishing a direct procurement relationship between Mizuno and the Israeli agricultural exporters Mehadrin, Hadiklaim, Galilee Export, Agrexco successors, or other named Israeli produce aggregators in the corporate and commercial records examined in October 2026.¹

Israeli distributors and commercial intermediaries

Mizuno’s Israel-facing EMEA contact page identifies DIFFERENT PRO 2627 LTD as its Israeli contact at 2 Dotan Street, Yavne, Israel, providing a telephone contact and weekday business hours.²

The Mizuno Israel retail website’s terms and conditions independently identify Different Pro 2627 Ltd, Israeli company number 517139242, as the operator of its online store, which sells footwear, clothing, sporting equipment, and related products.³

The retail operator’s published privacy terms describe the collection and processing of order, delivery, and customer information in connection with sales conducted through the Israeli storefront.⁴

The Israeli website’s published shipping policy provides for home delivery, normally within six business days, with free shipping on orders exceeding NIS 250 and a NIS 30 shipping charge for smaller orders.⁵

Importer-of-record structure

Different Pro 2627 Ltd is identifiable as a local retail operator and commercial contact, but the inspected documents do not establish whether it acts as the customs importer of record, holds the import licence, or purchases merchandise through another wholesaler; no public evidence identified resolving those distinctions.^{2, 3}

No public evidence identified establishing that Different Pro 2627 Ltd is a wholly owned subsidiary, joint venture, or equity-controlled affiliate of Mizuno Corporation.^{2, 3}

Product categories and indirect distribution

The Israeli retail website currently advertises Mizuno running, tennis, handball, and volleyball footwear, establishing locally offered branded sporting goods rather than agricultural produce sourcing.^{6, 7}

A current Israeli product listing for WAVE RIDER TT 4 identifies the product as Mizuno men’s trail-running footwear, lists a 2026 collection, and advertises the product in Israeli shekels.⁸

A separate product listing offers WAVE EXCEED TOUR 7 AC tennis shoes to Israeli consumers.⁹

A further Israeli product listing offers WAVE EXCEED COURT AC tennis footwear.¹⁰

The Israeli retail website also offers WAVE ENFORCE TOUR 2 AC tennis footwear.¹¹

Seasonal procurement

No public evidence identified of recurring seasonal procurement by Mizuno from Israeli agricultural exporters, including December–April produce-sourcing arrangements, in the product and commercial materials reviewed in October 2026.^{3, 6}

Third-party and white-label sourcing

The Israeli retail operator establishes a third-party commercial channel for Mizuno-branded goods, but the published terms do not identify specific manufacturing suppliers, white-label contracts, or the wholesale chain through which those products reach Israel.^{3, 4}

Mizuno Corporation’s official Global Office Locator, publicly indexed on 25 October 2026, expressly identifies MGS SPORT TRADING LTD under the “Distributor” heading in its “Middle East / Africa” section. The listing gives the address as 6 Hamachtesh St., Industrial Zone, Holon, 58810, Israel, telephone +972 747 556 721, and product category “SPORTS”. This establishes an additional Mizuno-recognised Israeli sports distribution relationship beyond Different Pro 2627 Ltd, which is separately identified in Mizuno’s Israel-facing EMEA contact and retail records. The corporate locator does not specify whether MGS holds exclusive distribution rights, acts as importer of record, or supplies Different Pro 2627 Ltd.^{12, 2}

MGS Sport Trading’s publicly accessible company profile independently identifies Mizuno among the international sporting-goods brands imported and marketed by the group through retail, wholesale, and ecommerce channels in Israel. The profile also lists Reebok, Superga, Merrell, Kappa, Skechers, Saucony, Diadora, Arena, and Le Coq Sportif among its brands, and describes wholesale distribution to approximately 600 points of sale. This independently corroborates Mizuno Corporation’s identification of MGS as an Israeli sports distributor. The profile does not establish the precise wholesale subsidiary handling Mizuno or the transaction structure described in the unavailable 2025 regulatory filing.^{13, 12}

Product Origin, Labeling & Regulatory Compliance

Product origin

The Israeli retail website advertises Mizuno-branded sports products and associated Japanese-brand history, but its general corporate and retail descriptions do not establish the country of manufacture for every individual product offered in Israel.^{14, 8}

The WAVE RIDER TT 4 listing provides model characteristics, colour, available sizes, and a product code, but does not independently establish Israeli manufacture or settlement origin.⁸

The WAVE EXCEED TOUR 7 AC product page likewise establishes a retail offer, without independently demonstrating settlement-origin manufacturing.⁹

Settlement-origin goods

No public evidence identified in the examined Mizuno retail records of products confirmed to originate from West Bank settlements, the Jordan Valley, East Jerusalem settlements, or the Golan Heights.^{3, 8, 9}

Country-of-origin labeling

No public evidence identified in the reviewed Mizuno retail and policy materials of an enforcement finding, customs citation, or regulatory proceeding concerning the mislabeling of settlement-produced Mizuno goods.^{3, 15}

Corporate labeling policy

No public evidence identified of a Mizuno-specific public policy addressing origin labeling for products manufactured in Israeli settlements or other occupied territories in the reviewed corporate-facing retail policies.^{3, 15}

The Israeli retail terms identify Mizuno-related intellectual-property rights and distinguish the website operator from the owners of the relevant brand rights, but do not disclose a settlement-origin labeling policy.³

Regulatory framework and retail terms

The Israeli store’s terms state that Israeli law governs use of the website and transactions conducted through it.³

The refund and returns policy provides a commercial return or exchange process and refers to applicable Israeli consumer-protection law.¹⁵

Investment, Capital & Financial Exposure

Foreign direct investment

The existence of the Israel-facing Mizuno retail channel and the named Yavne operator establishes commercial participation in the Israeli market, but the published documents do not establish the amount of Mizuno Corporation’s capital invested in that operator.^{2, 3}

No public evidence identified in the examined company-registration and commercial documents of a factory, data centre, logistics development, real-estate acquisition, or other Mizuno Corporation-owned capital project in Israel or the occupied Palestinian territories.^{16, 2, 3}

Acquired Israeli operating companies

No public evidence identified establishing that Mizuno Corporation acquired a controlling stake in an Israeli manufacturer, technology company, consumer brand, or other Israeli operating business in the corporate records reviewed in October 2026.^{16, 17, 2}

No acquisition date, acquisition consideration, ownership percentage, Israeli manufacturing workforce, or subsidiary revenue could therefore be established from the inspected records.^{16, 17}

Research and development

No public evidence identified of a Mizuno-owned research laboratory, innovation centre, accelerator, or manufacturing research programme located in Israel in the inspected commercial and corporate records.^{2, 16, 17}

Parent and group structure

UK Companies House identifies Mizuno Corporation as a Japanese public limited company governed by Japanese law and records its overseas-company address in Osaka.¹⁶

The UK register separately identifies MIZUNO CORPORATION UK LIMITED, company number 13657239, as an active private limited company incorporated on 1 October 2021.¹⁷

The existence of those Japanese and UK corporate registrations does not establish an Israeli holding-company relationship or Israeli beneficial control.^{16, 17}

Controlling principals and personal investments

The UK Companies House officer register provides an independently accessible record of individuals appointed to the Japanese company’s former UK establishment.¹⁸

The separate UK subsidiary’s officer register identifies individuals associated with its corporate governance.¹⁹

No public evidence identified in the officer and company records reviewed of a material personal or family-office investment by Mizuno’s controlling principals in Israeli defence companies, settlement enterprises, or Israeli state-financing structures.^{18, 19}

Portfolio and sovereign-debt exposure

No public evidence identified in the inspected corporate and company-registration records of direct Mizuno holdings in Israeli sovereign bonds, Israel Bonds, Israeli-domiciled investment funds, or publicly named Israeli defence manufacturers.^{16, 17}

Financial-sector activity

Mizuno Corporation is described in UK corporate-registration records as a sporting-goods manufacturer and distributor, while its active UK subsidiary lists sporting-goods manufacturing and clothing and footwear wholesale activities.^{16, 17}

No public evidence identified of Mizuno acting as an Israeli sovereign-debt underwriter, financial lender, insurer, trade-finance arranger, or Israel Bonds distributor in the reviewed records.^{16, 17}

Operational Presence & Market Activity

Current Israeli commercial presence

Mizuno maintains an Israel-facing EMEA website with a dedicated Israeli contact identifying Different Pro 2627 Ltd in Yavne.²

The local Hebrew-language Mizuno Israel website operates a consumer storefront displaying Mizuno products and prices in Israeli shekels.⁶

The Israeli site’s contact page supplies local customer-service arrangements and a Yavne collection/contact address.²⁰

The retail website’s shipping policy describes domestic order fulfilment by courier.⁵

Its published privacy policy identifies the local operator as responsible for handling personal information associated with online orders and customer-service interactions.⁴

Retail product range

The Israel-facing EMEA catalogue offers running footwear, including products in the Wave Rider and other Mizuno ranges.²¹

The wider Israel-facing EMEA footwear catalogue lists running, football, volleyball, tennis, handball, golf, and other sports footwear categories.²²

A dedicated men’s running catalogue displays multiple available Mizuno running models.²³

The local Israeli volleyball catalogue advertises Mizuno volleyball shoes, including 2026-season products.⁷

Physical footprint

The Israeli retail operator’s legal terms identify its address as 2 Dotan Street, Yavne, while the Israel-facing EMEA contact page independently supplies the same location.^{2, 3}

No public evidence identified in the inspected records establishing that Mizuno Corporation itself owns the Yavne premises or operates a separately incorporated Israeli office.^{2, 3}

No public evidence identified of a Mizuno-owned Israeli factory, data centre, or research-and-development facility in the corporate-registration and retail materials reviewed.^{16, 2, 3}

Employment and tax registration

Different Pro 2627 Ltd is identified by Israeli company number 517139242 in the retail operator’s terms and conditions.³

The published retail documents do not disclose its employee count, payroll, taxable income, corporate-tax payments, or Mizuno-specific VAT receipts; no public evidence identified for those amounts.^{3, 4}

Market positioning

The Israeli storefront’s history and brand-description page characterises Mizuno as a longstanding Japanese international sporting-goods brand with international consumer distribution.¹⁴

The Israel-facing EMEA running catalogue actively markets a broad range of products to the Israeli consumer market.²¹

No public evidence identified in the inspected records of Mizuno Corporation assigning a disclosed Israel-specific revenue target, strategic-growth designation, or material operating-segment classification to Israel.^{16, 17, 21}

Settlement-market activity

The Israeli operator’s shipping policy provides a general home-delivery framework and states that areas affected by access or delivery restrictions may require alternative arrangements.⁵

The policy does not identify individual settlements, excluded destinations, or confirmed delivery transactions in the occupied Palestinian territories.⁵

No public evidence identified in the examined retail materials of a confirmed Mizuno-operated settlement store, settlement warehouse, settlement franchise, or named settlement distributor.^{5, 20}

The existence of an Israel-wide delivery policy alone does not establish a completed sale or delivery to a specific settlement.⁵

Post-July and post-November 2024 activity

The Israeli storefront displays products identified as belonging to the 2026 collection, establishing public offers for sale after both 19 July 2024 and November 2024.^{8, 7}

The continued operation of the Israeli online retail channel is independently corroborated by its current terms, shipping arrangements, and product listings.^{3, 5, 6}

The reviewed records do not establish whether any individual sale during that period involved an Israeli military customer or a settlement location.^{3, 5}

Military and institutional customers

No public evidence identified in the inspected retail and registration records of a named IDF procurement contract, Israeli Ministry of Defence tender, defence-related equipment supply agreement, or military unit purchasing arrangement involving Mizuno.^{3, 16, 17}

No public evidence identified in those records of an Israeli reservist salary-support programme operated by Mizuno Corporation or Different Pro 2627 Ltd.^{3, 4}

MGS Sport Trading’s publicly accessible company profile identifies the group as an importer and marketer of international sporting-goods brands, including Mizuno, operating through retail, wholesale, and ecommerce channels. It identifies Mega Sport among the retail chains owned by the group and describes approximately 130 stores across its various retail networks in Israel. The profile also describes wholesale distribution to approximately 600 points of sale, including sporting-goods and fashion retailers, private stores, sports clubs, government institutions, and other customers. These disclosures establish MGS’s combined Israeli retail and wholesale commercial structure and independently identify Mizuno within its brand portfolio. They do not establish that every Mega Sport location stocks Mizuno products or identify specific retail outlets receiving Mizuno merchandise.¹³

No public evidence identified in the accessible replacement source establishing the specific 2025 Sport and More transaction ownership percentages, including the reported pre-transaction MGS, ESI, and Nesimi holdings of 50%, 25%, and 25%, or the reported post-transaction holdings of 34%, 33%, and 33%. The replacement source identifies Mizuno within MGS’s wider brand portfolio but does not document those transaction diagrams or establish whether Mizuno Corporation owns equity in MGS, participates in the Sport and More transaction, or holds shares in Israeli retail operations.¹³

Corporate Structure & Foundational Ties

Founding and incorporation

The Israeli Mizuno website identifies Mizuno as a Japanese sporting-goods company whose history began in Japan in 1906.¹⁴

UK Companies House independently records Mizuno Corporation as incorporated in Japan, governed by Japanese law, and operating as a public limited company.¹⁶

The reviewed primary documents therefore establish Japanese corporate origin and domicile rather than Israeli incorporation.^{14, 16}

Headquarters

Companies House records Mizuno Corporation’s overseas-company address as 1-12-35 Nanko-Kita, Suminoe-ku, Osaka, Japan.¹⁶

The same registry records that the company’s UK overseas establishment had been closed or converted in July 2026.²⁴

This UK registration change concerns its UK establishment and does not represent the dissolution of Mizuno Corporation in Japan.^{16, 24}

Israeli-Nexus Floor - founding, headquarters, tax and control

Founded in Israel: The inspected historical and regulatory records establish a Japanese founding and Japanese incorporation.^{14, 16}

Israeli headquarters or principal place of management: The available registration identifies Osaka as the Japanese company’s overseas corporate address, while the Israeli commercial contact is a separately named local company.^{16, 2}

Israeli tax residency or Preferred Technology Enterprise status: no public evidence identified in the inspected corporate and Israeli retail records.^{16, 3}

Beneficial control by Israeli capital: no public evidence identified in the inspected UK company and officer records.^{16, 18, 19}

Israeli operating intermediary

Different Pro 2627 Ltd is expressly named as the Israeli online-store operator in Mizuno Israel’s legal terms.³

Mizuno’s Israel-facing EMEA contact page separately identifies Different Pro 2627 Ltd as its Israeli commercial contact.²

These documents establish an identifiable commercial relationship, without disclosing the intermediary’s equity shareholders or establishing ownership by Mizuno Corporation.^{2, 3}

State and institutional linkages

No public evidence identified in the examined corporate and commercial records of an Israeli government shareholding, government-appointed Mizuno director, Israeli public-infrastructure designation, or government-controlled Mizuno corporate vehicle.^{16, 17, 18}

No public evidence identified of a corporate golden share, founder-share arrangement, or constitutional provision assigning Mizuno governance rights to the Israeli state.^{16, 17}

Governance and controlling principals

The public officer records for Mizuno Corporation’s former UK establishment identify registered corporate officers and historical appointments.¹⁸

The UK subsidiary maintains its own publicly accessible officer register, including director appointments and terminations.¹⁹

No public evidence identified from those records establishing that a named director personally owns an Israeli settlement business, Israeli defence manufacturer, or Israeli sovereign-financing intermediary.^{18, 19}

Corporate identity and brand rights

The Mizuno Israel retail terms recognise intellectual-property interests associated with the Mizuno brand and the relevant rights holders.³

The local retail operator’s ability to offer Mizuno-branded products does not independently establish that the operator is an equity-owned subsidiary of the Japanese parent.^{2, 3}

Profit Repatriation & Economic Contribution

Israeli market revenue

The Israeli retail website lists commercial offers denominated in Israeli shekels, demonstrating that the local operator offers goods for consideration in the Israeli consumer market.⁶

The WAVE RIDER TT 4 product page provides an example of a Mizuno-branded product advertised for sale with a local retail price.⁸

The WAVE EXCEED TOUR 7 AC listing provides a separate example of local retail pricing and product availability.⁹

These advertised prices do not establish actual unit sales, wholesale revenues, gross profit, or the amount attributable to Mizuno Corporation.^{8, 9}

No public evidence identified in the inspected records of Mizuno Corporation’s annual revenue specifically attributable to Israel.^{16, 17, 3}

Local commercial revenue flows

The Israeli store’s terms identify Different Pro 2627 Ltd as the party operating the ecommerce website and dealing with customer transactions.³

The shipping policy assigns local order-fulfilment arrangements to the operator, while the returns policy describes refunds, exchanges, and related customer-service functions.^{5, 15}

The privacy policy further identifies operational functions involving order management, customer communication, delivery, and customer support.⁴

These activities establish a locally operated commercial channel but do not quantify retailer revenues, supplier payments, royalties, or Mizuno Corporation’s share of proceeds.^{3, 4}

Profit repatriation

No public evidence identified in the examined corporate and retail records of the amounts, contractual rates, or destination accounts of royalties, dividends, licensing fees, or merchandise-margin transfers between Different Pro 2627 Ltd and Mizuno Corporation.^{2, 3, 16}

No public evidence identified establishing that profits generated by Mizuno Corporation’s wider international operations are systematically repatriated to an Israeli-domiciled parent or controlling entity.^{16, 17}

No public evidence identified establishing the value of profits generated by the Israeli retail operation and remitted to Japan or another jurisdiction.^{2, 3}

Israeli fiscal contributions

The Israeli online store conducts commercial activity through an identified local operating company subject to the legal terms stated on the retail website.³

The reviewed records do not disclose the company’s actual Israeli corporation-tax liability, VAT remittances, employment taxes, customs duties, or other fiscal payments.^{3, 4}

No public evidence identified quantifying the Israeli state’s tax receipts specifically attributable to the sale of Mizuno products.^{3, 4}

Economic ecosystem role

The Israeli retailer offers multiple categories of Mizuno sports footwear, including running, tennis, volleyball, and handball products.^{6, 7}

The Israel-facing EMEA catalogue also markets products across a wide range of sporting categories.²²

No public evidence identified in the examined company and commercial records of Mizuno being designated a critical Israeli infrastructure provider, nationally significant Israeli employer, or strategic domestic manufacturer.^{16, 17, 22}

State finance and defence-related economic contribution

No public evidence identified in the inspected company and commercial records of direct Israeli sovereign-debt purchases, Israel Bonds underwriting, Israeli military lending, defence financing, or insurance underwriting by Mizuno Corporation.^{16, 17}

No public evidence identified from the reviewed Mizuno retail terms, product listings, and UK corporate records of a named Israeli military contract or settlement-specific financial arrangement.^{3, 16, 17}