Reported Earnings • Aug 15
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥50.22 (up from JP¥30.73 in 2Q 2025). Revenue: JP¥264.2b (up 36% from 2Q 2025). Net income: JP¥35.6b (up 62% from 2Q 2025). Profit margin: 14% (up from 11% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 54%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Live-News • Aug 15
ASICS to Spin Off Onitsuka Tiger and Lift Asics Walking to Premium Segment ASICS plans to spin off its Onitsuka Tiger brand into a new subsidiary called OT Group Corp after first-half net sales for the label rose 35.9%, helped by demand from inbound tourists in Japan as well as Europe and Greater China.
The company is also repositioning Asics Walking as a premium brand, signaling a focus on higher-end segments within its broader footwear portfolio.
ASICS shares trade at ¥5,281, with the stock up 37.2% year to date.
Separating Onitsuka Tiger into OT Group Corp could give ASICS clearer visibility on the brand’s performance and more focused management attention. The push to make Asics Walking a premium offering points to an effort to lean into pricing power and brand strength. The main risk for investors is execution, particularly around brand differentiation and maintaining momentum in regions that have been supported by tourism-driven demand. Ankündigung • Aug 14
Asics Corporation Announces Dividend of the Second Quarter End of Fiscal Year Ending December 31, 2026, Payable on August 20, 2026 and Revises Dividend Guidance for the Fiscal Year End of Fiscal Year Ending December 31, 2026 ASICS Corporation announced dividend of the second quarter end of fiscal year ending December 31, 2026 and revised dividend guidance for the fiscal year end of fiscal year ending December 31, 2026. For second quarter end, the company to pay dividend of JPY 20.00 per share compared to JPY 12.00 per share paid a year ago. Date of scheduled payment of dividend is August 20, 2026. Record Date is June 30, 2026.
For the year, the company expects to pay dividend of JPY 24.00 per share compared to JPY 16.00 per share paid a year ago.
The Company has decided to raise the interim dividend by JPY 2.00 from the previous forecast to JPY 20.00 per share, taking into account the upward revision of the consolidated business results forecast for the fiscal year ending December 31, 2026. The Company has also revised the year- end dividend forecast to JPY 24.00 per share, an increase of JPY 4.00 per share from the previous forecast. As a result, the annual dividend forecast is going to increase by JPY 6.00 per share to JPY 44.00 from the previous forecast. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 14 August 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (1.7%). Live-News • Jun 11
Asics to Establish OT Group as Onitsuka Tiger’s Global Headquarters in 2027 Spin Off Asics plans to transfer its Onitsuka Tiger business into a wholly owned subsidiary, OT Group Corporation, through a simplified absorption-type company split effective 1 January 2027.
OT Group will function as the global headquarters for the Onitsuka Tiger brand.
The company reports that Onitsuka Tiger sales in the first quarter of fiscal 2026 were 33.8% higher, and describes the brand as having accelerated growth in recent years.
Separating Onitsuka Tiger into OT Group creates a clearer structure around a fashion-focused brand that Asics highlights as growing quickly. This could help management set more tailored goals, allocate resources differently and track performance more transparently.
Investors may want to watch for future disclosures on how intercompany arrangements are set up, as well as any changes in capital needs or investment plans for OT Group as 2027 approaches. Ankündigung • May 30
ASICS Corporation to Report Q2, 2026 Results on Aug 14, 2026 ASICS Corporation announced that they will report Q2, 2026 results on Aug 14, 2026 Live-News • May 14
Asics North America Delivers 23% Q1 Sales Growth With Running and Sportstyle Strength Asics North America reported its fourth consecutive quarterly profit to start fiscal 2026.
Net sales in the first quarter were up 23%, with all three regions in North America, the U.S., Canada and Mexico, delivering double-digit growth.
Performance running and sportstyle sneakers, including the Blast footwear franchise, were key drivers of the quarter, with the sportstyle category showing particularly strong sales.
The breadth of growth across regions and product lines points to solid demand for Asics brands in North America, with performance running and sportstyle now acting as key pillars for the business in that region.
Investors may want to watch how sustainable demand for the Blast franchise and sportstyle category remains over coming quarters, as any slowdown in these product lines could have a meaningful impact on the North American contribution to group results. Reported Earnings • May 14
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥65.71 (up from JP¥44.26 in 1Q 2025). Revenue: JP¥270.3b (up 30% from 1Q 2025). Net income: JP¥46.6b (up 47% from 1Q 2025). Profit margin: 17% (up from 15% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 09
ASICS Corporation to Report Q1, 2026 Results on May 13, 2026 ASICS Corporation announced that they will report Q1, 2026 results on May 13, 2026 Declared Dividend • Apr 11
Final dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 29th June 2026 Payment date: 14th August 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 34%. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Substitute Director Hideaki Mihara was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥138 (up from JP¥88.30 in FY 2024). Revenue: JP¥810.9b (up 20% from FY 2024). Net income: JP¥98.7b (up 55% from FY 2024). Profit margin: 12% (up from 9.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,375, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 22x in the Luxury industry in Japan. Total returns to shareholders of 450% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,087 per share. Buy Or Sell Opportunity • Jan 05
Now 21% overvalued Over the last 90 days, the stock has fallen 2.2% to JP¥3,856. The fair value is estimated to be JP¥3,194, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 49%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Buy Or Sell Opportunity • Dec 12
Now 23% overvalued Over the last 90 days, the stock has fallen 6.0% to JP¥3,912. The fair value is estimated to be JP¥3,181, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 49%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Ankündigung • Dec 03
ASICS Corporation to Report Fiscal Year 2025 Results on Feb 13, 2026 ASICS Corporation announced that they will report fiscal year 2025 results on Feb 13, 2026 Ankündigung • Nov 27
Anta Sports Reportedly Exploring Bid for Puma Chinese sportswear maker ANTA Sports Products Limited (SEHK:2020) is among firms exploring a potential takeover of German sportswear brand PUMA SE (XTRA:PUM), Bloomberg News reported on November 27, 2025. Hong Kong-listed Anta has been working with an adviser to evaluate a bid for Puma, and the company may team up with a private equity firm if it decides to move forward with an offer, the Bloomberg report said, citing people familiar with the matter. Other potential bidders could include Chinese sportswear group Li Ning Company Limited (SEHK:2331), which has been discussing financing options with banks as it takes an early look at Puma, according to the report. Puma may also attract interest from Japanese sportswear company ASICS Corporation (TSE:7936), the report said. Anta Sports, Puma, and Asics did not immediately respond to Reuters‘ requests for comment. Li-Ning said in an emailed statement to Reuters that the company “has not engaged in any substantive negotiations or evaluations regarding the transaction mentioned in the news”, adding that the company continues to focus on the growth and development of its brand. Puma’s biggest shareholder Artemis, the privately-owned holding company that controls Gucci owner Kering, has said it is considering all options for its 29% stake, though a source close to the firm told Reuters in September it would not sell at the market value then. Puma’s market valuation is currently at EUR 2,520 million ($2,920 million), according to LSEG data. The Pinault family, which controls Artemis, acquired its Puma stake in 2018 from Kering when the luxury group transformed into a pure luxury player focused on brands like Gucci and Saint Laurent. Reported Earnings • Nov 13
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥45.65 (up from JP¥31.54 in 3Q 2024). Revenue: JP¥222.3b (up 21% from 3Q 2024). Net income: JP¥32.7b (up 44% from 3Q 2024). Profit margin: 15% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 6.2% to JP¥4,009. The fair value is estimated to be JP¥3,289, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Oct 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.9% to JP¥3,974. The fair value is estimated to be JP¥3,278, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Ankündigung • Sep 27
ASICS Corporation to Report Q3, 2025 Results on Nov 12, 2025 ASICS Corporation announced that they will report Q3, 2025 results on Nov 12, 2025 Buy Or Sell Opportunity • Sep 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥4,114. The fair value is estimated to be JP¥3,387, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Ankündigung • Aug 29
ASICS Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2025 ASICS Corporation revised consolidated earnings guidance for the fiscal year ending December 31, 2025. For the year, the company expects net sales to be JPY 800.0 Billion (previous forecast: ¥780.0 billion), operating profit of ¥136.0 billion (previous: ¥120.0 billion), and operating margin of 17.0% (previous: 15.4%). Declared Dividend • Aug 15
First half dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 29th December 2025 Payment date: 31st March 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 23%. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: JP¥30.73 (up from JP¥21.38 in 2Q 2024). Revenue: JP¥194.5b (up 16% from 2Q 2024). Net income: JP¥22.0b (up 42% from 2Q 2024). Profit margin: 11% (up from 9.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥4,147, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 13x in the Luxury industry in Japan. Total returns to shareholders of 542% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,885 per share. Buy Or Sell Opportunity • Jun 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to JP¥3,357. The fair value is estimated to be JP¥2,780, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 05 September 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (1.9%). Ankündigung • Jun 03
ASICS Corporation to Report Q2, 2025 Results on Aug 13, 2025 ASICS Corporation announced that they will report Q2, 2025 results on Aug 13, 2025 Reported Earnings • May 16
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥44.26 (up from JP¥36.65 in 1Q 2024). Revenue: JP¥208.3b (up 20% from 1Q 2024). Net income: JP¥31.6b (up 18% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 12
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.6% to JP¥3,380. The fair value is estimated to be JP¥2,805, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 62%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Declared Dividend • Apr 11
Final dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 27th June 2025 Payment date: 5th September 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 23%. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,747, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Luxury industry in Japan. Total returns to shareholders of 445% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,904 per share. Reported Earnings • Apr 05
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: JP¥88.30 (up from JP¥48.13 in FY 2023). Revenue: JP¥678.5b (up 19% from FY 2023). Net income: JP¥63.8b (up 81% from FY 2023). Profit margin: 9.4% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Mar 27
ASICS Corporation to Report Q1, 2025 Results on May 15, 2025 ASICS Corporation announced that they will report Q1, 2025 results on May 15, 2025 Price Target Changed • Feb 19
Price target increased by 10% to JP¥3,697 Up from JP¥3,348, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of JP¥3,587. Stock is up 138% over the past year. The company is forecast to post earnings per share of JP¥112 for next year compared to JP¥88.30 last year. New Risk • Feb 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 15
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: JP¥88.30 (up from JP¥48.13 in FY 2023). Revenue: JP¥678.5b (up 19% from FY 2023). Net income: JP¥63.8b (up 81% from FY 2023). Profit margin: 9.4% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 15
ASICS Corporation (TSE:7936) announces an Equity Buyback for 7,000,000 shares, representing 0.98% for ¥20,000 million. ASICS Corporation (TSE:7936) announces a share repurchase program. Under the program, the company will repurchase up to 7,000,000 shares, representing 0.98% of its issued share capital (excluding treasury stock), for ¥20,000 million. The purpose of the program is to improve capital efficiency and shareholder returns based on company's shareholder return policy. The program will run until September 30, 2025. As of December 31, 2025, the company had 715,741,730 shares in issue (excluding treasury stock) and 43,740,506 shares in treasury. Ankündigung • Feb 14
ASICS Corporation, Annual General Meeting, Mar 28, 2025 ASICS Corporation, Annual General Meeting, Mar 28, 2025. Ankündigung • Jan 28
Toyoda Gosei Co., Ltd. in Joint Project for Sneakers Using Leather Rem Remnants Toyoda Gosei Co., Ltd. has teamed up with major sporting goods manufacturer ASICS Corporation to produce the SKYHAND™? OG sneakers using leather remnants generated in the steering wheel manufacturing process. These sneakers will be available for purchase from the ASICS online store starting February 1, 2025. The current project is Toyoda Gosei's second collaboration with ASICS, following the launch of sneakers that use airbag fabric in January 2023. The two companies are cooperating across industry boundaries under a shared philosophy for achieving a sustainable society. To use materials with as little waste as possible, original techniques are incorporated in this project, such as combining small remnant pieces into a patchwork. Steering wheel punching remnants generated at Toyoda Gosei's plant in Vietnam are used in this project, and ASICS is using these remnants in shoes also manufactured in Vietnam, reducing not only waste but also CO2 in the transport of the remnants. Ankündigung • Jan 24
ASICS Corporation Announces Retirement of Kazuo Sumi as Outside Director, Effective March 28, 2025 ASICS Corporation at its board of directors meeting held on January 24, 2025, announced the retirement of Kazuo Sumi as Outside Director, effective March 28, 2025. Ankündigung • Jan 17
ASICS Corporation to Report Fiscal Year 2024 Results on Feb 14, 2025 ASICS Corporation announced that they will report fiscal year 2024 results on Feb 14, 2025 Buy Or Sell Opportunity • Jan 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.7% to JP¥3,103. The fair value is estimated to be JP¥2,573, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Buy Or Sell Opportunity • Dec 20
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.9% to JP¥3,085. The fair value is estimated to be JP¥2,568, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 25 March 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.6%). Reported Earnings • Nov 09
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: JP¥31.54 (up from JP¥21.13 in 3Q 2023). Revenue: JP¥183.3b (up 16% from 3Q 2023). Net income: JP¥22.7b (up 47% from 3Q 2023). Profit margin: 12% (up from 9.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 53%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 28
ASICS Corporation to Report Q3, 2024 Results on Nov 08, 2024 ASICS Corporation announced that they will report Q3, 2024 results on Nov 08, 2024 Price Target Changed • Aug 28
Price target increased by 7.5% to JP¥2,953 Up from JP¥2,746, the current price target is an average from 7 analysts. New target price is 8.5% above last closing price of JP¥2,722. Stock is up 108% over the past year. The company is forecast to post earnings per share of JP¥86.26 for next year compared to JP¥48.13 last year. Major Estimate Revision • Aug 20
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥640.9b to JP¥658.0b. EPS estimate increased from JP¥74.02 to JP¥81.88 per share. Net income forecast to grow 21% next year vs 15% growth forecast for Luxury industry in Japan. Consensus price target up from JP¥2,549 to JP¥2,746. Share price rose 8.6% to JP¥2,524 over the past week. Price Target Changed • Aug 16
Price target increased by 7.7% to JP¥2,746 Up from JP¥2,549, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥2,622. Stock is up 105% over the past year. The company is forecast to post earnings per share of JP¥81.51 for next year compared to JP¥48.13 last year. Reported Earnings • Aug 15
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥29.04 (up from JP¥11.58 in 2Q 2023). Revenue: JP¥171.1b (up 24% from 2Q 2023). Net income: JP¥21.1b (up 149% from 2Q 2023). Profit margin: 12% (up from 6.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 9.3%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 15
Dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 27th December 2024 Payment date: 25th March 2025 Dividend yield will be 2.1%, which is about the same as the industry average. Payout Ratios Payout ratio: 26%. Cash payout ratio: 19%. Buy Or Sell Opportunity • Aug 06
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥2,065. The fair value is estimated to be JP¥1,605, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,835, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 201% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,613 per share. Ankündigung • Jul 12
ASICS Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024 ASICS Corporation revised consolidated earnings guidance for the fiscal year ending December 31, 2024. For the year, the company now expects net sales to be JPY 660,000 million, operating income to be JPY 95,000 million, profit attributable to owners of the parent to be JPY 58,000 million, net income per share to be JPY 79.80 against previous guidance of net sales to be JPY 590,000 million, operating income to be JPY 58,000 million, profit attributable to owners of the parent to be JPY 36,000 million, net income per share to be JPY 49.53. New Risk • Jul 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Ankündigung • Jun 28
ASICS Corporation to Report Q2, 2024 Results on Aug 13, 2024 ASICS Corporation announced that they will report Q2, 2024 results on Aug 13, 2024