Overview
Other Products

ASICS Corporation

ASICS Corporation is a Japan-headquartered global sports equipment manufacturer engaged in the design, development, and sale of performance athletic footwear, apparel, and accessories under the ASICS and Onitsuka Tiger brands. The company serves both elite performance athletes and sports enthusiasts across all major global markets, with particular strength in running footwear supported by proprietary technologies such as GEL cushioning. ASICS differentiates itself through biomechanics research and innovation, underpinned by its founding philosophy of 'Sound Mind, Sound Body,' and operates an integrated global distribution network spanning 64 locations worldwide.

Market Cap
¥3,447B
US$22.0B
EV
¥3,403B
US$21.7B
Stock¥4,862▲+0.58%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
16.1
x
LTM EV/EBIT
18.7
x
LTM PER
27.1
x
LTM PBR
9.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+1.0%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 13, 26Earnings - strong North America business
2Aug 14, 26Full-year guidance raised: net profit +22%, sales surpass ¥1tn for first time, dividend raised to ¥44 (+¥16)
MC → EV Bridge
3,447BUS$22.0BMarket Cap101BUS$644M+ Debt141BUS$902M− Cash4.59BUS$29.2M− Inv. Sec.1.54BUS$9.81M+ NCI3,403BUS$21.7BEV
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Performance & Balance
Revenue 5Y (¥B)
404US$2.58B'21/12485US$3.09B'22/12570US$3.64B'23/12679US$4.33B'24/12811US$5.17B'25/12
EBITDA 5Y (¥B)
36.0US$230M'21/1250.0US$319M'22/1270.7US$451M'23/12121US$770M'24/12168US$1.07B'25/12
Net Income 5Y (¥B)
9.40US$60.0M'21/1219.9US$127M'22/1235.3US$225M'23/1263.8US$407M'24/1298.7US$630M'25/12
Capital Structure
78%
22%
EquityD/E 0.28xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
107US$679M110US$705M'21/1279.2US$505M140US$892M'22/12126US$804M132US$843M'23/12131US$832M117US$748M'24/12116US$740M98.5US$628M'25/12
Shareholders
Top 10 hold 40.2%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
16.13%
2
Custody Bank of Japan, Ltd. (Trust Account)
8.57%
3
THE CHASE MANHATTAN BANK,N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
2.73%
4
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
2.56%
5
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.27%
6
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.13%
7
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.81%
8
GIC PRIVATE LIMITED - C (Standing Proxy: MUFG Bank, Ltd.)
1.39%
9
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
1.35%
10
STATE STREET BANK AND TRUST COMPANY 505025 (Standing Proxy: Mizuho Bank, Ltd.)
1.26%
Management
9 officers
Yasuhito HIROTA
Representative Director, Chairman & CEO
Apr 1980 Joined Mitsubishi Corporation Apr 2010 Executive Officer, General Manager, General Affairs Division, Mitsubishi Corporation Apr 2014 Managing Executive Officer (Corporate), Mitsubishi Corporation Jun 2014 Representative Director, Managing Executive Officer (Corporate), Mitsubishi Corporation (resigned Jan 2018) Jan 2018 Advisor, ASICS Corporation Mar 2018 Representative Director, President & COO, ASICS Corporation Mar 2022 Representative Director, President & CEO and COO, ASICS Corporation Jan 2024 Representative Director, Chairman & CEO, ASICS Corporation (current) Jun 2024 Outside Director, Casio Computer Co., Ltd. (resigned Jun 2025) Apr 2025 Managing Director (Vice Chair), The Japan Association of Corporate Executives (current) Jun 2025 Outside Director, Aisin Corporation (current)
1956-11-05
Mitsuyuki TOMINAGA
Representative Director, President & COO
Sep 1987 Joined Andersen Consulting (now Accenture), New York Office Jan 1996 Joined IBM Japan, Ltd. Jul 2007 Director, Corporate Strategy, IBM Corporate Headquarters (U.S.) Jan 2009 Vice President, Executive Officer, IBM Japan, Ltd. Apr 2013 Vice President, Head of Services, Managing Executive Officer, SAP Japan Co., Ltd. Jul 2016 President, Representative Director, Work Applications America Jun 2018 Executive Officer, General Manager, IT Division, ASICS Corporation Jan 2020 Managing Executive Officer, General Manager, IT Division and CDO, ASICS Corporation Jan 2021 Managing Executive Officer, General Manager, IT Division, CDO and CEO, ASICS Digital Inc. Jan 2023 Managing Executive Officer, General Manager, Digital Division, CDO and CIO, ASICS Corporation Jan 2024 President & COO, ASICS Corporation Mar 2024 Representative Director, President & COO, ASICS Corporation (current)
1962-03-05
Mitsuru MURAI
Director
Apr 1983 Joined Nihon Recruit Center Co., Ltd. (now Recruit Holdings Co., Ltd.) Apr 2000 Executive Officer (Human Resources), Recruit Holdings Co., Ltd. (resigned Sep 2012) Mar 2004 Representative Director, President, Recruit Avoric Co., Ltd. (now Recruit Co., Ltd.) (resigned Apr 2011) Jul 2008 Director (part-time), Japan Professional Football League (now a public interest incorporated association) Apr 2011 Executive Officer, Asia, Recruit Co., Ltd. (resigned Sep 2012); concurrently Director and President, RGF Hong Kong Limited Apr 2013 Chairman, RGF Hong Kong Limited (resigned Oct 2013) Jan 2014 Chairman, Japan Professional Football League (resigned Mar 2022) Mar 2022 Honorary Member, Japan Professional Football League (current) Mar 2022 Advisor, Japan Football Association (current) Jun 2022 Outside Director, Pia Corporation (current) Jun 2022 Outside Director (Audit and Supervisory Committee Member), WOWOW Inc. (current) Mar 2023 Outside Director, ASICS Corporation (current) Jun 2023 Representative Director (Chairman), Japan Badminton Association (current) Jun 2023 Director, Japanese Olympic Committee (current) Apr 2025 Board Member, Badminton World Federation (current)
1959-08-02
Miwa SUDO
Director
Apr 1988 Joined Hakuhodo Inc. (resigned Apr 1990) Oct 1991 Joined Arthur Andersen (now Azusa Audit LLC) (resigned Aug 1996) Apr 1995 Registered as Certified Public Accountant Oct 1996 Joined Schroder PTV Partners K.K. (now MKS Partners Co., Ltd.) (resigned Oct 1997) Nov 1997 Joined Bain & Company Jan 2001 Partner, Bain & Company (resigned Mar 2006) Apr 2006 Established Planet Plan Inc., Representative Director (current) Apr 2008 Specially Appointed Professor, Graduate School of Policy and Media Research, Keio University (resigned Mar 2018) Jun 2017 Director, Japan Volleyball Association Mar 2018 Outside Audit & Supervisory Board Member, ASICS Corporation (resigned Mar 2020) Apr 2019 Specially Appointed Professor, Graduate School of Policy and Media Research, Keio University (resigned Mar 2024) Mar 2020 Outside Director (Audit and Supervisory Committee Member), ASICS Corporation (resigned Mar 2024) Jun 2021 Outside Director, Katitas Co., Ltd. (current) Jun 2021 Director, Japanese Olympic Committee (current) Mar 2023 Outside Director, KOSE Corporation (now KOSÉ Holdings Corporation) (current) Jun 2023 Outside Director, Kandenko Co., Ltd. (current) Jun 2023 Director and Vice President, Japan Volleyball Association (current) Mar 2024 Outside Director, ASICS Corporation (current) Mar 2024 Director, Japan Football Association (current)
1963-08-17
Manabu KURAMOTO
Director (Full-time Audit and Supervisory Committee Member)
Apr 1987 Joined ASICS Corporation Mar 2002 Chief, Taiwan Branch China Office, Athletic Shoes Business Unit, ASICS Footwear Sales Division Apr 2009 General Manager, Athletic Development, ASICS Global Footwear Division Apr 2011 General Manager, Athletic Development, ASICS Footwear Division Apr 2013 General Manager, Raw Materials Procurement, ASICS Global Footwear Division Jan 2015 Deputy General Manager (Business Strategy), ASICS Global Footwear Division Oct 2016 Deputy General Manager (Business Management), ASICS Global Footwear Development & Production Division Jan 2017 General Manager, Global Footwear Production Division, ASICS Corporation Jan 2018 Executive Officer, General Manager, Core Performance Sports Footwear Division, ASICS Corporation Jan 2024 Advisor, ASICS Corporation Mar 2024 Director (Full-time Audit and Supervisory Committee Member), ASICS Corporation (current)
1964-07-05
Yasushi YOKOI
Director (Audit and Supervisory Committee Member)
Nov 1978 Joined Shinwa Auditing Corporation (now Azusa Audit LLC) Mar 1982 Registered as Certified Public Accountant May 2001 Partner, Asahi Audit Corporation (now Azusa Audit LLC) Jul 2005 Director, Kansai Regional Office, Azusa Audit LLC Jul 2007 Head of Public Sector, Azusa Audit LLC Jul 2008 Director, Azusa Audit LLC Jul 2010 Director, Head of Osaka Second Business Division, Azusa Audit LLC Jul 2012 Senior Managing Director, Diversity, and General Manager, Nagoya Office, Azusa Audit LLC Jul 2017 Senior Managing Director, Diversity, and Head of Tokai Region, Azusa Audit LLC (resigned Jun 2019) Jul 2019 Established Yokoi Yasushi CPA Office Mar 2020 Outside Director (Audit and Supervisory Committee Member), ASICS Corporation (current) Jun 2021 Outside Audit & Supervisory Board Member, Iwatani Corporation (current)
1956-11-16
Tomoko KUMANOMIDO
Director
Apr 1986 Joined Nippon Hoso Kyokai (NHK) Jun 2004 Chief Producer, School Broadcasting Programs Department, Programming Division, NHK Jun 2015 Head, Youth and Educational Programs Department, Programming Division, NHK Jun 2016 Editorial Supervisor, Programming Division, NHK (Editor-in-Chief, E-Tele/R2) Jun 2018 Station Director, Tottori Broadcasting Station, NHK Jul 2020 President & Representative Director, NHK Educational Corporation Jun 2021 Director General, Programming Division, NHK Apr 2022 Executive Director (Media Division), Director, Media Strategy Headquarters, Media Division, NHK Apr 2023 Executive Director (Group Management) (resigned Apr 2024) Mar 2025 Outside Director, ASICS Corporation (current) Jun 2025 Specially Appointed Executive Officer, TBS Holdings, Inc. (current)
1964-01-30
Jenifer ROGERS
Director
Sep 1989 Joined Haight Gardner Poor & Havens (now Holland & Knight) Dec 1990 Registered as Attorney, New York State Bar Feb 1991 Joined The Industrial Bank of Japan, Ltd., New York Branch (now Mizuho Bank, Ltd.) Dec 1994 Joined Merrill Lynch Japan Securities Co., Ltd. (now BofA Securities Japan Co., Ltd.) Nov 2000 Merrill Lynch Europe Plc (now Merrill Lynch Europe Limited), London Jul 2006 Merrill Lynch (Asia Pacific) Limited (now Bank of America Corporation), Hong Kong Jan 2012 Bank of America Merrill Lynch (now Bank of America Corporation), New York Nov 2012 General Counsel, Asia, Asurion Asia Pacific Limited, Hong Kong Nov 2014 General Counsel, Asia, Asurion Japan Holdings LLC Jun 2018 Outside Director, Kawasaki Heavy Industries, Ltd. (current) Jan 2021 President, The American Chamber of Commerce in Japan Jun 2023 Outside Director, Sumitomo Mitsui Financial Group, Inc. (current) Jan 2025 General Counsel, International, Asurion Japan Holdings LLC (current) Mar 2026 Outside Director, ASICS Corporation (current)
1963-06-22
Mariko ETO
Director (Audit and Supervisory Committee Member)
Apr 1994 Joined Mitsui & Co., Ltd. (resigned Oct 1997) Apr 2002 Joined Legal Training and Research Institute of the Supreme Court of Japan Oct 2003 Registered with Daini Tokyo Bar Association Oct 2003 Joined Shin-Tokyo Law Office (later merged with Bingham Sakai Mimura Aizawa Foreign Law Joint Enterprise) Apr 2015 Joined TMI Associates Jan 2017 Partner Attorney, TMI Associates (current) Jun 2020 Outside Audit & Supervisory Board Member, Starzen Co., Ltd. Jun 2022 Outside Director, Starzen Co., Ltd. (current) Jun 2023 Outside Director, Nitto Denko Corporation (current) Mar 2024 Outside Director (Audit and Supervisory Committee Member), ASICS Corporation (current)
1971-05-24
Large Shareholding Reports
J.P. Morgan Asset Management (Japan) Limited
2026-07-21
2.32%→2.33%
J.P. Morgan Asset Management (Japan) Limited
2026-07-03
2.32%
J.P. Morgan Asset Management (Japan) Limited
2026-06-03
2.38%→2.38%
J.P. Morgan Asset Management (Japan) Limited
2026-05-20
2.41%→2.38%
J.P. Morgan Asset Management (Japan) Limited
2026-04-20
2.41%→2.41%
J.P. Morgan Asset Management (Japan) Limited
2026-04-03
2.41%
BlackRock Fund Advisors
2025-12-03
1.64%→2.02%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
3.18%→3.43%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Jun 2026
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-07-21
Large Shareholding Report
EDINET
2026-07-03
Large Shareholding Report
EDINET
2026-06-03
Large Shareholding Report
EDINET
2026-05-20
Large Shareholding Report
TDnet
2026-05-13
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-04-20
Large Shareholding Report
EDINET
2026-04-03
Large Shareholding Report
EDINET
2026-03-04
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2025-12-03
Large Shareholding Report
TDnet
2025-11-12
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-08-13
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-31
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-11-19
中期経営計画
EDINET
2024-08-13
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-25
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-10
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-27
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-15
Quarterly Securities Report
EDINET
2022-05-12
Quarterly Securities Report
EDINET
2022-03-28
Annual Securities Report
EDINET
2021-11-08
Quarterly Securities Report
EDINET
2021-08-16
Quarterly Securities Report
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