Latest Tokyo Brief coverage on ASICS Corporation, tracking filings, financial news, and market signals from Japan.
TSE:7936
ASICS Corporation's board capped a new buyback at ¥70bn and 20 million shares (2.82% of the register) running through March 2027, while separately cancelling 25 million treasury shares this month to head off dilution concerns.
Record first-half sales and a 48.5% jump in operating profit gave ASICS the confidence to raise full-year revenue guidance to ¥1.05tn and lift its annual dividend to ¥44, while confirming Onitsuka Tiger will be spun off into a standalone company from January 2027.
Asics will move the Onitsuka Tiger business into wholly owned OT GROUP through an absorption-type company split effective Jan. 1, 2027, then place regional brand units underneath that structure. Management says the aim is faster decision-making and clearer accountability around a brand it describes as reaching about 160 countries and roughly 190 directly operated stores, not a spin-off or listing plan.