Board Change • May 21
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. Aankondiging • 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 Aankondiging • 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 Aankondiging • 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. Aankondiging • 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 Aankondiging • 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%). Aankondiging • 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 Aankondiging • 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 Aankondiging • 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. Aankondiging • Feb 14
ASICS Corporation, Annual General Meeting, Mar 28, 2025 ASICS Corporation, Annual General Meeting, Mar 28, 2025. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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 23% overvalued after recent price rise Over the last 90 days, the stock has risen 5.4% to €18.52. The fair value is estimated to be €15.06, 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. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: JP¥31.54 (vs JP¥21.13 in 3Q 2023) 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 is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Luxury industry in Europe. 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 40% per year, which means it is significantly lagging earnings growth. Aankondiging • 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 Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: JP¥29.04 (vs JP¥11.58 in 2Q 2023) 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 is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Luxury industry in Europe. 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 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €13.37, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Luxury industry in Europe. Total returns to shareholders of 197% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.20 per share. Aankondiging • 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. Aankondiging • 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 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (0.8%). New Risk • Jun 19
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 German stocks, typically moving 6.9% 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 • May 13
First quarter 2024 earnings released: EPS: JP¥147 (vs JP¥89.04 in 1Q 2023) First quarter 2024 results: EPS: JP¥147 (up from JP¥89.04 in 1Q 2023). Revenue: JP¥174.1b (up 14% from 1Q 2023). Net income: JP¥26.7b (up 64% from 1Q 2023). Profit margin: 15% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Aankondiging • May 11
ASICS Corporation Provides Dividend Guidance for the Year Ending December 31, 2024 ASICS Corporation provided dividend guidance for the year ending December 31, 2024. For the period, the company expects to pay a dividend of ¥10. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €48.50, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 16x in the Luxury industry in Europe. Total returns to shareholders of 215% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.40 per share. Aankondiging • May 11
ASICS Corporation Revises Dividend Guidance for the End of First Half of 2024 ASICS Corporation revised dividend guidance for the end of first half of 2024. For the period, the company revised dividend of ¥40 compared to previous guidance of ¥35. Since the stock split is effective as of July 1, 2024, the dividend at the end of the second quarter of the fiscal year ending December 31, 2024, with a record date of June 30, 2024, will be based on the number of shares before the stock split. Aankondiging • Apr 17
ASICS Announces the NIMBUS MIRAI Running Shoe ASICS announces the NIMBUS MIRAI™, a performance running shoe designed to be remade at the end of its life – all without compromising the quality or performance would expect from a GEL-NIMBUS™ product. Designed with recycling in mind, the NIMBUS MIRAI™ running shoe is launching with a new returns program, encouraging runners to give back the shoes at the end of their use to support the circular journey. The NIMBUS MIRAI™ represents another important step in ASICS' mission to achieve net-zero carbon emissions as a business by 2050, hot on the heels of its iconic GEL-LYTE™ III CM 1.95 shoe. The new NIMBUS MIRAI™ is one of the most advanced shoes ASICS has ever made. Designed with uniform polyester material, the entire upper has no overlays, meaning the shoe can be easily sorted to be placed under recycling process when the time comes. A special type of original ASICS-created glue also promotes easier recycling process, providing a durable bond that can be put through its paces but easily pulled apart for its next lifecycle. In fact, the whole shoe has been designed for the upper to be easily detachable from the sole when the time comes, so it can be remade to run again. At this point, the entirety of the upper will go through recycling process. At this point, the entirety of the upper will go through the recycling process. ASICS has confirmed through testing that 87.3% of the upper material, which underwent the recycling process, can be retrieved as a new polyester material ready to be remade to run again. Additionally, the shoe features an FF BLAST™ PLUS ECO midsole that delivers cloud-like cushioning is made from approximately 24% renewable source such as leftovers from sugar cane processing. The NIMBUS MIRAI™ running shoe delivers the quality and performance runners would expect from ASICS while prioritizing sustainable design. As part of its circular ambition for the NIMBUS MIRAI™ shoe as a whole in the future, ASICS is also working with its partners to ensure the shoe's sole too has a second life as part of the recycling process. Creating a circular journey for the NIMBUS MIRAI™ running shoe is ASICS' rallying cry to runners as tackle a significant issue in the shoe manufacturing industry. For a long time, shoes have been designed with single use in mind. However, the sheer quantity of the roughly 23.9bn shoes produced globally each year that goes into landfill or incinerated at the end of their life is simply not sustainable if we're to create a Sound Earth. ASICS' approach to shoe design ties in with its philosophy of helping everyone achieve a Sound Mind in a Sound Body – factors that are only possible if have a Sound Earth to move on, for this generation and the next. NIMBUS MIRAI™ is a celebration of ASICS' unique design philosophy – based on a dedication to creating superior products and technologies validated by the ASICS Institute of Sport Science. In an ASICS first, runners can return the NIMBUS MIRAI™ at ASICS stores or through shipping in a number of markets around the world to give their shoes new life and purchase their next pair. The participating markets include the U.S., UK, Netherlands, France, Japan, Australia, and New Zealand. The NIMBUS MIRAI™ will be available for men and women from ASICS retail and online stores from April 12, 2024, for $180. Declared Dividend • Apr 11
Final dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 27th June 2024 Payment date: 9th September 2024 Dividend yield will be 83%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 28
ASICS Corporation to Report Q1, 2024 Results on May 10, 2024 ASICS Corporation announced that they will report Q1, 2024 results on May 10, 2024 Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: JP¥193 (vs JP¥109 in FY 2022) Full year 2023 results: EPS: JP¥193 (up from JP¥109 in FY 2022). Revenue: JP¥570.5b (up 18% from FY 2022). Net income: JP¥35.3b (up 77% from FY 2022). Profit margin: 6.2% (up from 4.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €35.60, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Luxury industry in Europe. Total returns to shareholders of 161% over the past three years. New Risk • Feb 15
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 German stocks, typically moving 7.0% 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 11
Full year 2023 earnings released: EPS: JP¥193 (vs JP¥109 in FY 2022) Full year 2023 results: EPS: JP¥193 (up from JP¥109 in FY 2022). Revenue: JP¥570.5b (up 18% from FY 2022). Net income: JP¥35.3b (up 77% from FY 2022). Profit margin: 6.2% (up from 4.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 24
Asics Corporation Announces Retiring Officers ASICS Corporation announced Retiring Officers (As of March 22, 2024) the pursuant to a resolution in the Board of Directors Meeting held January 24, 2024 as follows: Motoi Oyama as Senior Advisor and Director; Hitoshi Kashiwaki as Outside Director; Makiko Yamamoto as Outside Director; Noriatsu Yoshimi as Director (Full-time Audit & Supervisory Committee Member). Aankondiging • Jan 11
ASICS Corporation to Report Fiscal Year 2023 Results on Feb 09, 2024 ASICS Corporation announced that they will report fiscal year 2023 results on Feb 09, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥35.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (0.7%). Aankondiging • Dec 20
LionRock Capital Limited acquired Haglöfs AB from ASICS Corporation (TSE:7936). LionRock Capital Limited agreed to acquire Haglöfs AB from ASICS Corporation (TSE:7936) on December 15, 2023. The transaction is approved by ASICS Corporation (TSE:7936) board. Doug Freeman and Victor Chen from Goodwin Procter (Hong Kong) LLP acted as legal advisors to LionRock Capital Limited.
LionRock Capital Limited completed the acquisition of Haglöfs AB from ASICS Corporation (TSE:7936) on December 18, 2023. Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: JP¥84.51 (vs JP¥17.27 in 3Q 2022) Third quarter 2023 results: EPS: JP¥84.51 (up from JP¥17.27 in 3Q 2022). Revenue: JP¥158.0b (up 22% from 3Q 2022). Net income: JP¥15.5b (up 390% from 3Q 2022). Profit margin: 9.8% (up from 2.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 23
ASICS Corporation to Report Q3, 2023 Results on Nov 10, 2023 ASICS Corporation announced that they will report Q3, 2023 results on Nov 10, 2023 Aankondiging • Sep 16
ASICS Corporation, Annual General Meeting, Mar 22, 2024 ASICS Corporation, Annual General Meeting, Mar 22, 2024. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €33.20, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Luxury industry in Europe. Total returns to shareholders of 219% over the past three years. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: JP¥46.32 (vs JP¥26.42 in 2Q 2022) Second quarter 2023 results: EPS: JP¥46.32 (up from JP¥26.42 in 2Q 2022). Revenue: JP¥137.8b (up 15% from 2Q 2022). Net income: JP¥8.49b (up 75% from 2Q 2022). Profit margin: 6.2% (up from 4.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥22.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €28.20, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Luxury industry in Europe. Total returns to shareholders of 174% over the past three years. Aankondiging • Jun 03
ASICS Launches the New GEL-KAYANO 30 Running Footwear ASICS is launching the new GEL-KAYANO™ 30 running shoe, featuring brand new adaptive technology to provide runners with exceptional stability and unprecedented comfort for the full duration of a run - from first stride, until last. The landmark 30th iteration of the iconic GEL-KayANO™ series is the result of the ASICS Design philosophy. This unique approach embodies ASICS' long-standing commitment to rigorous user testing, biomechanical science, sustainability and decades of continuous innovation to create products that feel best for both body and mind. It is this approach that has enabled the creation of the GEL-KAYAN O™? 30. The shoe reimagines the level of comfort that can be achieved in a stability shoe through the inclusion of new 4D GUIDANCE SYSTEM™? technology that supports runners by adapting to pronation changes over the course of a run caused by fatigue. Instead of bracing the feet to restrict movement, the 4D GUIDANCE SYSTEM®? features an integrated design that works with movement of the body to continue providing optimum stability and enhanced comfort when a runner needs it most. GEL-KAYanO™? 30 has also been specially developed to deliver softer landings due to its new PureGEL™? technology, providing increased shock absorption and smoother transitions for the runner. In addition, the shoe features improved comfort and speed through a combination of lightweight FF BLAST™? PLUS ECO cushioning, and an increased 4mm in stack height. The result of all these advancements is a shoe so comfortable it barely feels like a stability shoe at all. In test conducted by ASICS Institute of Sport Science in Kobe the GEL-KAYano™? 30 delivers significant improvements in comfort to its predecessor. Testers also experienced that the shoe was even more comfortable after long runs than when they first put them on. The new GEL-KAYan O™? 30 will be widely available in many markets to buy instore and online at asics.com starting in July 2023 with an RRP of USD 160. Runners when considering the product will benefit for the first time from ASICS labelling the shoe with its total amount of CO2e emissions emitted across its lifecycle, enabling consumers to make an informed purchase decision when it comes to the shoe's environmental impact. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: JP¥89.04 (vs JP¥47.67 in 1Q 2022) First quarter 2023 results: EPS: JP¥89.04 (up from JP¥47.67 in 1Q 2022). Revenue: JP¥152.3b (up 45% from 1Q 2022). Net income: JP¥16.3b (up 87% from 1Q 2022). Profit margin: 11% (up from 8.3% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Independent Outside Director Miwa Suto was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥484.6b (up 20% from FY 2021). Net income: JP¥19.9b (up 112% from FY 2021). Profit margin: 4.1% (up from 2.3% in FY 2021). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Germany. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥109 (vs JP¥51.38 in FY 2021) Full year 2022 results: EPS: JP¥109 (up from JP¥51.38 in FY 2021). Revenue: JP¥484.6b (up 20% from FY 2021). Net income: JP¥19.9b (up 112% from FY 2021). Profit margin: 4.1% (up from 2.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 11
ASICS Corporation Provides Consolidated Earnings Guidance for the Year Ending December 31, 2023 ASICS Corporation provided consolidated earnings guidance for the year ending December 31, 2023. For the year ending December 31, 2023, the company expects net sales of JPY 510,000 million, operating income of JPY 37,000 million and profit attributable to owners of parent of JPY 20,000 million or JPY 109.22 per share. Aankondiging • Jan 24
ASICS Corporation, Annual General Meeting, Mar 24, 2023 ASICS Corporation, Annual General Meeting, Mar 24, 2023. Agenda: To consider the director changes. Aankondiging • Jan 14
ASICS Corporation to Report Fiscal Year 2022 Results on Feb 10, 2023 ASICS Corporation announced that they will report fiscal year 2022 results on Feb 10, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥52.87 (vs JP¥36.73 in 3Q 2021) Third quarter 2022 results: EPS: JP¥52.87 (up from JP¥36.73 in 3Q 2021). Revenue: JP¥138.0b (up 22% from 3Q 2021). Net income: JP¥9.68b (up 44% from 3Q 2021). Profit margin: 7.0% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥52.87 (vs JP¥36.73 in 3Q 2021) Third quarter 2022 results: EPS: JP¥52.87 (up from JP¥36.73 in 3Q 2021). Revenue: JP¥138.0b (up 22% from 3Q 2021). Net income: JP¥9.68b (up 44% from 3Q 2021). Profit margin: 7.0% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 04
Asics Shows Future of Web3 Commerce with Launch of New Asics X Solana UI Collection ASICS takes a major step forward in its commitment to get the Web3 community moving with the launch of the new ASICS x Solana UI Collection. Featuring custom-made GT-2000™ 11 running shoes, customers will automatically receive a loyalty ASICS Badge NFT with purchase, with a chance to receive an airdrop of a limited number of ASICS x STEPN GT-2000™ NFTs. The shoes are exclusively available to purchase with USDC digital dollar currency via Solana Pay at ui.asics.com and available for pre-order for a limited five-day period from November 4 – 8. In a move to deliver on ASICS' Web3 mission to create world-class experiences that get the global Web3 community moving, the collection has been exclusively designed for everyday activity. Suitable for all abilities, the GT-2000™ 11 performance running shoe is available in two custom designs: "light mode" and "dark mode". The understated Solana-inspired design comes from the user interfaces (UI) on computer and phone screens to symbolize a healthy balance between screen time and physical activity. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: JP¥26.42 (vs JP¥10.19 in 2Q 2021) Second quarter 2022 results: EPS: JP¥26.42 (up from JP¥10.19 in 2Q 2021). Revenue: JP¥119.8b (up 16% from 2Q 2021). Net income: JP¥4.84b (up 159% from 2Q 2021). Profit margin: 4.0% (up from 1.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.3%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (1.7%). Reported Earnings • May 13
First quarter 2022 earnings released: EPS: JP¥47.67 (vs JP¥57.30 in 1Q 2021) First quarter 2022 results: EPS: JP¥47.67 (down from JP¥57.30 in 1Q 2021). Revenue: JP¥105.3b (down 1.1% from 1Q 2021). Net income: JP¥8.73b (down 17% from 1Q 2021). Profit margin: 8.3% (down from 9.8% in 1Q 2021). Over the next year, revenue is forecast to grow 9.0%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 25
ASICS Announces the Latest Updates to its Record Breaking METASPEED™ Series ASICS announced the latest updates to its record breaking METASPEED™ series as they take the performance of their product personalization to the next level. Building on the breakthrough success of the first METASPEED™ shoes introduced in 2021, ASICS has utilized data accumulated through its elite athletes in competition to refine the product design to cater for the two major running styles allowing every runner to perform at their personal best and record their fastest times yet. Introducing the METASPEED™ EDGE+ and the METASPEED™ SKY+ shoes. METASPEED™ + SERIES – ATHLETE INSIGHT TAKES PERSONALIZATION TO THE NEXT LEVEL: Since its launch, METASPEED™ shoes have has helped elite runners win medals at international competitions, including gold medals at both men's and women's triathlon at Tokyo2020, and achieved over 200 Personal Bests, and counting. The unique design of the METASPEED™ SKY+ model for stride runners and the METASPEED™ EDGE+ model for those with a cadence style continues to center on a crucial insight by scientists at the ASICS Institute of Sport Science (ISS): Athletes perform better when running in shoes that are optimized for their running style. Therefore, ASICS has again created two models so everyone will have the opportunity to run faster. Both models now feature increased volumes of the FF BLAST™ TURBO foam and more targeted placement of the product's carbon plates to ensure that runners can increase their stride length and build increased speed in a way that is natural to their running style. The sports scientists at the ISS were able to measure that these product advancements provided elite athletes with shoes more suited to the two major running styles and as a result this improved performance. Initial tests already showed that the METASPEED™ SKY+ and EDGE+ increased the running economy by more than 2% compared to ASICS' traditional racing models1, giving all runners the opportunity to run their fastest times yet. METASPEED™ SKY+: The METASPEED™ SKY+ racing shoe is designed to help runners go faster by extending their stride length considerably. Due to an energetic FF BLAST TURBO foam and a propulsive carbon plate precisely placed to gain more bounce-back, runners wearing these shoes can conserve more energy while maintaining their pace at the later stages of the race. METASPEED™ SKY+ shoe is available from 14 June 2022. METASPEED™ EDGE+: The METASPEED™ EDGE+ racing shoe is designed to help cadence-type runners go faster by extending their stride length while allowing them to control cadence more easily. Runners wearing these shoes can experience a fast underfoot feel, thanks to the energetic midsole foam and a propulsive carbon plate appropriately placed for more efficient gait motion enabling them to elongate their stride and conserve energy while controlling their running tempo. METASPEED™ EDGE+ shoe is available from 14 June 2022. The METASPEED™ + series has been developed and tested alongside some of the world's top athletes. Eilish McColgan tested an early prototype at the 2022 Ras Al Khaimah Half Marathon and set a personal best and British record of one hour, six minutes and 26 seconds, improving the previous record by 21 seconds. Athletes such as Julien Wanders and Mekdes Woldu, have also achieved PBs wearing the prototypes and will be looking for further success at the META: Time: Trials. META: Time: Trials - New Times Await: The METASPEED™ + models were unveiled at ASICS' META: Time: Trials – a milestone event in the history of ASICS in Málaga, Spain. Inspired by the Tour de France time trials, the World Athletics certified META: Time: Trials challenged ASICS' elite athletes to push each other to run their fastest ever times across a series of race distances. The event offered an optimal product proofing opportunity for the new models. Aankondiging • Apr 08
ASICS Corporation to Report Q1, 2022 Results on May 11, 2022 ASICS Corporation announced that they will report Q1, 2022 results on May 11, 2022 Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: JP¥51.38 (vs JP¥88.17 loss in FY 2020) Full year 2021 results: EPS: JP¥51.38 (up from JP¥88.17 loss in FY 2020). Revenue: JP¥404.1b (up 23% from FY 2020). Net income: JP¥9.40b (up JP¥25.5b from FY 2020). Profit margin: 2.3% (up from net loss in FY 2020). Over the next year, revenue is forecast to grow 6.0%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥51.38 (up from JP¥88.17 loss in FY 2020). Revenue: JP¥404.1b (up 23% from FY 2020). Net income: JP¥9.40b (up JP¥25.5b from FY 2020). Profit margin: 2.3% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.4%, compared to a 5.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 11
ASICS Corporation, Annual General Meeting, Mar 25, 2022 ASICS Corporation, Annual General Meeting, Mar 25, 2022. Aankondiging • Feb 01
ASICS Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ended December 31, 2021 ASICS Corporation revised consolidated earnings guidance for the fiscal year ended December 31, 2021. The company now expects net sales to be JPY 400,000 million, operating income to be JPY 21,500 million, profit attributable to owners of parent to be JPY 9,000 million, net income per share to be JPY 49.18 against previous guidance of net sales of JPY 395,000 million, operating income of JPY 20,000 million, profit attributable to owners of parent of JPY 4,000 million, net income per share of JPY 21.86. Aankondiging • Jan 28
ASICS Corporation to Report Fiscal Year 2021 Results on Feb 10, 2022 ASICS Corporation announced that they will report fiscal year 2021 results on Feb 10, 2022 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.0%). Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS JP¥36.73 (vs JP¥15.62 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥112.7b (up 11% from 3Q 2020). Net income: JP¥6.72b (up 135% from 3Q 2020). Profit margin: 6.0% (up from 2.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS JP¥10.19 (vs JP¥32.94 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥102.9b (up 67% from 2Q 2020). Net income: JP¥1.87b (up JP¥7.89b from 2Q 2020). Profit margin: 1.8% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Aankondiging • Aug 13
ASICS Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2021 ASICS Corporation revised consolidated earnings guidance for the fiscal year ending December 31, 2021. For the year, the company expects net sales of ¥395,000 million, operating income of ¥14,500 million, profit attributable to owners of parent of ¥2,500 million and earnings per share of ¥13.66 per share against previous guidance of net sales in the range of ¥385,000 million to ¥395,000 million, operating income in the range of ¥11,500 million to ¥13,500 million, profit attributable to owners of parent in the range of ¥2,000 million to ¥3,500 million and earnings per share in the range of ¥10.93 per share to ¥19.13 per share. 
