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ASICS

DB:ASI1
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASI1
DB
¥252B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

ASICS Corporation manufactures and sells sports goods in Japan, the Americas, Europe, Oceania/Southeast and South Asia Area, East Asia, and internationally. The last earnings update was 14 days ago. More info.


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ASI1 Share Price and Events
7 Day Returns
3.1%
DB:ASI1
2.6%
DE Luxury
-3.2%
DE Market
1 Year Returns
-23.6%
DB:ASI1
23.6%
DE Luxury
-11.6%
DE Market
ASI1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ASICS (ASI1) 3.1% 1.6% -6.1% -23.6% -46.5% -31.4%
DE Luxury 2.6% 9.1% 22% 23.6% 105% 140.4%
DE Market -3.2% -5.1% 0.3% -11.6% 5.3% 5.9%
1 Year Return vs Industry and Market
  • ASI1 underperformed the Luxury industry which returned 23.6% over the past year.
  • ASI1 underperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
ASI1
Industry
5yr Volatility vs Market

ASI1 Value

 Is ASICS undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ASICS to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ASICS.

DB:ASI1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ASI1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.715 (1 + (1- 30.86%) (29.21%))
0.906
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.906 * 5.96%)
5.63%

Discounted Cash Flow Calculation for DB:ASI1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ASICS is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:ASI1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.63%)
2019 4,043.00 Analyst x1 3,827.64
2020 14,138.00 Analyst x3 12,671.95
2021 13,714.00 Analyst x3 11,637.17
2022 18,300.00 Analyst x1 14,701.52
2023 22,300.00 Analyst x1 16,960.70
2024 24,968.88 Est @ 11.97% 17,979.01
2025 27,077.76 Est @ 8.45% 18,458.97
2026 28,697.19 Est @ 5.98% 18,520.89
2027 29,918.21 Est @ 4.25% 18,280.40
2028 30,829.75 Est @ 3.05% 17,833.97
Present value of next 10 years cash flows ¥150,872.25
DB:ASI1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥30,829.75 × (1 + 0.23%) ÷ (5.63% – 0.23%)
¥572,399.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥572,399.95 ÷ (1 + 5.63%)10
¥331,114.08
DB:ASI1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥150,872.25 + ¥331,114.08
¥481,986.33
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥481,986.33 / 188.70
¥2554.18
DB:ASI1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ASI1 represents 0.00804x of TSE:7936
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00804x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,554.18 x 0.00804
€20.53
Value per share (EUR) From above. €20.53
Current discount Discount to share price of €10.71
= -1 x (€10.71 - €20.53) / €20.53
47.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ASICS is available for.
Intrinsic value
48%
Share price is €10.71 vs Future cash flow value of €20.53
Current Discount Checks
For ASICS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ASICS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ASICS's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ASICS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ASICS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ASI1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥-112.73
TSE:7936 Share Price ** TSE (2019-05-24) in JPY ¥1333
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 22.37x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.22x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ASICS.

DB:ASI1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7936 Share Price ÷ EPS (both in JPY)

= 1333 ÷ -112.73

-11.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASICS is loss making, we can't compare its value to the DE Luxury industry average.
  • ASICS is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does ASICS's expected growth come at a high price?
Raw Data
DB:ASI1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
35.6%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.57x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ASICS, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ASICS's assets?
Raw Data
DB:ASI1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥885.92
TSE:7936 Share Price * TSE (2019-05-24) in JPY ¥1333
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.38x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:ASI1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7936 Share Price ÷ Book Value per Share (both in JPY)

= 1333 ÷ 885.92

1.5x

* Primary Listing of ASICS.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASICS is overvalued based on assets compared to the DE Luxury industry average.
X
Value checks
We assess ASICS's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. ASICS has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ASI1 Future Performance

 How is ASICS expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ASICS expected to grow at an attractive rate?
  • ASICS's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • ASICS's earnings growth is expected to exceed the Germany market average.
  • ASICS's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ASI1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ASI1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 35.6%
DB:ASI1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3.1%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ASI1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ASI1 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 437,000 27,300 26,300 1
2022-12-31 424,500 23,300 21,300 1
2021-12-31 417,947 21,881 13,216 6
2020-12-31 404,971 22,305 10,216 7
2019-12-31 389,190 9,043 6,674 7
DB:ASI1 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 380,728 -21,277
2018-12-31 386,662 11,049 -20,327
2018-09-30 385,545 5,456
2018-06-30 389,198 26,427 4,703
2018-03-31 391,747 8,923
2017-12-31 400,157 37,136 12,970
2017-09-30 396,879 12,684
2017-06-30 392,161 31,962 15,404
2017-03-31 394,390 15,600
2016-12-31 399,107 37,971 15,566
2016-09-30 404,209 13,720
2016-06-30 417,519 27,095 7,559

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ASICS's earnings are expected to grow significantly at over 20% yearly.
  • ASICS's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ASI1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from ASICS Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ASI1 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 139.40 139.40 139.40 1.00
2022-12-31 112.90 112.90 112.90 1.00
2021-12-31 69.69 89.60 50.00 6.00
2020-12-31 53.91 60.60 40.00 7.00
2019-12-31 35.17 40.20 26.00 7.00
DB:ASI1 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 -112.73
2018-12-31 -107.59
2018-09-30 28.84
2018-06-30 24.82
2018-03-31 47.03
2017-12-31 68.33
2017-09-30 66.82
2017-06-30 81.15
2017-03-31 82.18
2016-12-31 82.00
2016-09-30 72.28
2016-06-30 39.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ASICS is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ASICS's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ASICS has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ASI1 Past Performance

  How has ASICS performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ASICS's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ASICS does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ASICS's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ASICS's 1-year growth to the DE Luxury industry average as it is not currently profitable.
Earnings and Revenue History
ASICS's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ASICS Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ASI1 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 380,728.00 -21,277.00 168,788.00
2018-12-31 386,662.00 -20,327.00 170,150.00
2018-09-30 385,545.00 5,456.00 170,067.00
2018-06-30 389,198.00 4,703.00 169,404.00
2018-03-31 391,747.00 8,923.00 166,707.00
2017-12-31 400,157.00 12,970.00 163,688.00
2017-09-30 396,879.00 12,684.00 159,473.00
2017-06-30 392,161.00 15,404.00 155,032.00
2017-03-31 394,390.00 15,600.00 152,573.00
2016-12-31 399,107.00 15,566.00 151,070.00
2016-09-30 404,209.00 13,720.00 151,694.00
2016-06-30 417,519.00 7,559.00 153,567.00
2016-03-31 428,820.00 11,050.00 154,247.00
2015-12-31 428,496.00 10,237.00 154,705.00
2014-12-31 445,255.00 23,420.00 160,443.00 -772.00
2014-09-30 440,904.00 32,720.00 149,459.00
2014-06-30 414,514.00 23,956.00 145,202.00
2014-03-31 329,464.00 16,108.00 117,851.00
2013-12-31 307,960.00 16,226.00 112,071.00 731.00
2013-09-30 287,255.00 15,884.00 105,507.00 772.00
2013-06-30 270,657.00 15,423.00 98,862.00 772.00
2013-03-31 260,199.00 13,773.00 94,403.00 772.00
2012-12-31 251,994.00 16,377.00 86,441.00 1,626.00
2012-09-30 250,459.00 13,323.00 87,292.00 813.00
2012-06-30 248,531.00 12,378.00 87,020.00 813.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if ASICS has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ASICS has efficiently used its assets last year compared to the DE Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ASICS improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ASICS's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ASICS has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ASI1 Health

 How is ASICS's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ASICS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ASICS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ASICS's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ASICS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ASICS Company Filings, last reported 1 month ago.

DB:ASI1 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 168,849.00 73,480.00 44,537.00
2018-12-31 166,829.00 57,387.00 68,287.00
2018-09-30 202,773.00 58,235.00 60,397.00
2018-06-30 193,655.00 57,596.00 59,469.00
2018-03-31 188,475.00 58,653.00 58,296.00
2017-12-31 201,300.00 61,688.00 81,259.00
2017-09-30 204,052.00 61,451.00 78,197.00
2017-06-30 198,065.00 61,551.00 64,306.00
2017-03-31 198,119.00 63,413.00 61,092.00
2016-12-31 201,205.00 62,908.00 68,432.00
2016-09-30 178,962.00 43,320.00 39,649.00
2016-06-30 175,130.00 50,991.00 33,379.00
2016-03-31 190,107.00 69,123.00 41,651.00
2015-12-31 199,881.00 57,485.00 56,661.00
2014-12-31 201,939.00 75,002.00 57,708.00
2014-09-30 190,601.00 71,745.00 58,228.00
2014-06-30 167,962.00 75,512.00 55,080.00
2014-03-31 159,566.00 73,662.00 61,040.00
2013-12-31 153,272.00 46,381.00 33,927.00
2013-09-30 153,364.00 44,874.00 40,582.00
2013-06-30 150,762.00 42,758.00 40,583.00
2013-03-31 138,078.00 39,374.00 39,893.00
2012-12-31
2012-09-30 119,006.00 39,412.00 34,928.00
2012-06-30 122,250.00 41,185.00 32,870.00
  • ASICS's level of debt (43.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (46.2% vs 43.5% today).
  • Debt is not well covered by operating cash flow (15%, less than 20% of total debt).
  • ASICS is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess ASICS's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ASICS has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ASI1 Dividends

 What is ASICS's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.8%
Current annual income from ASICS dividends. Estimated to be 1.99% next year.
If you bought €2,000 of ASICS shares you are expected to receive €36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ASICS's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • ASICS's dividend is below the markets top 25% of dividend payers in Germany (3.93%).
Upcoming dividend payment

Purchase ASICS before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ASI1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ASI1 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 40.00 1.00
2022-12-31 35.00 1.00
2021-12-31 26.60 5.00
2020-12-31 25.42 6.00
2019-12-31 24.00 6.00
DB:ASI1 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-03-29 24.000 1.744
2019-02-13 24.000 1.645
2018-11-08 24.000 1.553
2018-11-02 24.000 1.578
2018-08-09 24.000 1.468
2018-08-03 24.000 1.469
2018-05-08 24.000 1.320
2018-03-30 24.000 1.172
2018-02-14 24.000 1.333
2017-05-09 23.500 1.317
2017-03-30 23.500 1.250
2017-02-13 23.500 1.216
2016-03-28 23.500 1.099
2016-02-12 23.500 1.156
2015-03-30 23.500 0.794
2015-02-13 23.500 0.767
2014-11-07 21.000 0.722
2014-08-07 18.000 0.779
2014-06-20 17.000 0.757
2014-05-08 18.000 0.821
2014-02-04 14.000 0.724
2013-08-05 14.000 0.810
2013-07-25 12.000 0.705
2013-05-08 14.000 0.885
2012-08-06 12.000 0.966
2012-06-25 12.000 1.310
2012-06-22 12.000 1.257
2012-02-01 12.000 1.337
2011-11-04 12.000 1.370
2011-08-04 10.000 0.913
2011-05-16 10.000 0.847
2011-02-02 10.000 0.894
2010-06-21 10.000 1.111
2010-05-17 10.000 1.233
2010-02-05 10.000 1.155
2009-11-09 10.000 1.199

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ASICS's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ASICS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ASICS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ASICS has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ASI1 Management

 What is the CEO of ASICS's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Motoi Oyama
COMPENSATION ¥133,000,000
AGE 67
TENURE AS CEO 8.1 years
CEO Bio

Mr. Motoi Oyama serves as the President at ASICS Oceania Pty Ltd. Mr. Oyama serves as Chief Executive Officer and President at ASICS America Corporation. Mr. Oyama had been the President of ASICS Corp. from April 2008 until March 29, 2018 and has been its Chief Executive Officer since April 2011 and has been its Chairman since March 29, 2017. Mr. Oyama served as Managing Director of ASICS Corp. since 2006. He served as the President of ASICS Europe B.V. Since 1982, he began working at ASICS and in 2004 became Executive Manager of Marketing and Representative Director. He serves as Representative Director at ASICS America Corporation. Mr. Oyama has been Representative Director of ASICS Corp. since 2004. Mr. Oyama served as a Representative Director at ASICS Oceania Pty Ltd. He graduated from the Commercial Science section of Osaka City University.

CEO Compensation
  • Insufficient data for Motoi to compare compensation growth.
  • Motoi's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the ASICS management team in years:

1.3
Average Tenure
62
Average Age
  • The average tenure for the ASICS management team is less than 2 years, this suggests a new team.
Management Team

Motoi Oyama

TITLE
Chairman
COMPENSATION
¥133M
AGE
67
TENURE
8.1 yrs

Yasuhito Hirota

TITLE
President
AGE
62
TENURE
1.2 yrs

Alistair Cameron

TITLE
Executive Officer

Megumi Ohta

TITLE
Executive Officer

Paul Miles

TITLE
Executive Officer
TENURE
4 yrs

Junji Kobayashi

TITLE
Executive Officer
TENURE
1.3 yrs

Naoki Matsushita

TITLE
Executive Officer
AGE
59

Manabu Kuramoto

TITLE
Executive Officer
TENURE
1.3 yrs

Kenichi Harano

TITLE
Executive Officer
TENURE
1.3 yrs

Gary Fukumoto

TITLE
Executive Officer
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the ASICS board of directors in years:

1.7
Average Tenure
62
Average Age
  • The average tenure for the ASICS board of directors is less than 3 years, this suggests a new board.
Board of Directors

Motoi Oyama

TITLE
Chairman
COMPENSATION
¥133M
AGE
67
TENURE
2.2 yrs

Yasuhito Hirota

TITLE
President
AGE
62
TENURE
1.2 yrs

Naoki Matsushita

TITLE
Executive Officer
AGE
59
TENURE
1.2 yrs

Katsuro Tanaka

TITLE
Outside Director
AGE
73
TENURE
5.9 yrs

Takeshi Hanai

TITLE
External Director
AGE
64
TENURE
4.9 yrs

Tsuyoshi Nishiwaki

TITLE
Director
TENURE
2.2 yrs

Hitoshi Kashiwaki

TITLE
External Director
AGE
61
TENURE
3.2 yrs

Shinji Senda

TITLE
Director
TENURE
0.2 yrs

Ryoji Shoda

TITLE
Director
TENURE
0.2 yrs

Hokuto Nakano

TITLE
Director
AGE
59
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess ASICS's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ASICS has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ASI1 News

Simply Wall St News

ASI1 Company Info

Description

ASICS Corporation manufactures and sells sports goods in Japan, the Americas, Europe, Oceania/Southeast and South Asia Area, East Asia, and internationally. The company offers sports shoes, sportswear, and sports equipment. It also manufactures and sells outdoor products. The company sells its products under the ASICS, ASICSTIGER, Onitsuka Tiger, and Haglöfs brands through 899 own retail stores, as well as through online. ASICS Corporation was founded in 1949 and is headquartered in Kobe, Japan.

Details
Name: ASICS Corporation
ASI1
Exchange: DB
Founded: 1949
¥2,053,500,765
188,704,791
Website: http://corp.asics.com/jp
Address: ASICS Corporation
1-1, Minatojima-Nakamachi 7-chome,
Chuo-ku,
Kobe,
Hyogo, 650-8555,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7936 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK ASCC.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB ASI1 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK ASCC.Y UNSPONSORD ADR Pink Sheets LLC US USD 02. Apr 2014
Number of employees
Current staff
Staff numbers
8,823
ASICS employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 21:02
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.