Asics Corporation TSE:7936
ASICS : The Fiscal Year Ended December 31, 2025
Source: MarketScreener
Summary of Consolidated Financial Statements For the Fiscal Year Ended December 31, 2025 (Japan GAAP)
February 13, 2026
Name of the Company: ASICS Corporation Listing Exchanges: Tokyo, Prime
Code No.: 7936
URL: https://corp.asics.com/en
Representative: Mitsuyuki Tominaga, President and COO, Representative Director Contact: Takashi Kobayashi, General Manager, Accounting Department
Tel. +81-50-1744-3104
Date of the ordinary general shareholders' meeting: March 25, 2026 Date of scheduled payment of dividends: March 26, 2026
Date of filing Securities Report: March 4, 2026 Financial Results Supplemental Materials: Yes
Financial Results Presentation Meeting: Yes (For institutional investors, analysts and press in Japan)
(Yen amounts are rounded down to millions, unless otherwise noted.)
Consolidated results for the fiscal year ended December 31, 2025 (from January 1, 2025 to December 31, 2025)
Consolidated business results (Accumulated)
(Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Fiscal year ended
Millions of Yen
%
Millions of Yen
%
Millions of Yen
%
Millions of Yen
%
December 31, 2025
810,916
19.5
142,519
42.4
139,295
50.4
98,719
54.7
December 31, 2024
678,526
18.9
100,111
84.7
92,601
82.8
63,806
80.9
(Note) Comprehensive income: The fiscal year ended December 31, 2025: ¥ 102,882 million (32.0 %)
The fiscal year ended December 31, 2024: ¥ 77,925 million (81.3 %)
(Reference information) The percentages of the increase (decrease) compared with the same period of the previous year on a currency-neutral basis:
Net sales 19.4% Operating profit 42.2%
Basic earnings per share
Diluted earnings per share
Return on equity
Ratio of ordinary profit to total assets
Ratio of operating profit to net sales
Fiscal year ended
Yen
Yen
%
%
%
December 31, 2025
138.13
137.96
39.1
25.2
17.6
December 31, 2024
88.30
88.17
29.1
18.8
14.8
(Reference) Equity in earnings of affiliates: The fiscal year ended December 31, 2025: － million
The fiscal year ended December 31, 2024: － million
(Note) ASICS has carried out a 4-for-1 stock split for its common stock on the effective date of July 1, 2024. Basic earnings per share and diluted earnings per share are calculated as if this stock split had taken place at the beginning of the previous year.
Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of Yen
Millions of Yen
%
Yen
December 31, 2025
586,480
273,355
46.3
383.16
December 31, 2024
518,994
234,940
44.9
325.59
(Reference) Equity: As of December 31, 2025: ¥ 271,517 million As of December 31, 2024: ¥ 233,035 million
Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of year
Fiscal year ended
Millions of Yen
Millions of Yen
Millions of Yen
Millions of Yen
December 31, 2025
109,912
(29,414)
(105,875)
112,221
December 31, 2024
104,614
(7,558)
(84,322)
126,973
Cash dividends
Annual dividends per share
Total cash dividends
(Total)
Payout ratio (Consolidated)
Ratio of dividends to net assets
(Consolidated)
1st quarter-end
2nd quarter-end
3rd quarter-end
Fiscal year-end
Total
Fiscal year
ended December 31, 2024
ended December
31, 2025
Yen
-
-
Yen 40.00
12.00
Yen
-
-
Yen 10.00
16.00
Yen
-
28.00
Millions of Yen
14,390
19,938
% 22.7
20.3
% 6.6
7.9
ending December
31, 2026 (Forecast)
-
18.00
-
20.00
38.00
24.7
(Note) ASICS has carried out a 4-for-1 stock split for its common stock on the effective date of July 1, 2024. The dividends per share before 2nd quarter-end of the fiscal year ended December 31, 2024 are stated as the actual amount of the dividends prior to the stock split.
Forecast of consolidated business results for the fiscal year ending December 31, 2026 (from January 1, 2026 to December 31, 2026)
(The full-year percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Net income per share | |
Full fiscal year | Millions of Yen % 950,000 17.2 | Millions of Yen % 171,000 20.0 | Millions of Yen % 165,000 18.5 | Millions of Yen % 110,000 11.4 | Yen 153.91 |
(Reference information) The percentages of the increase (decrease) compared with the previous fiscal year on a currency-neutral basis: Net sales 16.7% Operating profit 19.7%
* NotesChanges in significant subsidiaries during the fiscal year (changes in specified subsidiaries that caused changes in the scope of consolidation): None
Changes in accounting policy, changes in accounting estimates, and changes in presentation due to revisions
Changes in accounting policy to conform to revisions in accounting standards and others: None
Changes in accounting policy adopted otherwise than in (i): None
Changes in accounting estimates: None
Changes in presentation due to revisions: None
Number of shares (of common stock) issued and outstanding
Number of shares outstanding (including treasury shares) at the fiscal end: As of December 31, 2025 734,482,236 shares
As of December 31, 2024 759,482,236 shares
Number of treasury shares at the fiscal end:
As of December 31, 2025 25,846,871 shares
As of December 31, 2024 43,740,506 shares
Average number of shares during the term:
Fiscal year ended December 31, 2025 714,696,926 shares
Fiscal year ended December 31, 2024 722,618,209 shares
(Notes)
For the number of shares used as the basis for the calculation of consolidated basic earnings per share, please refer to the page 28, "(6) Amounts per share."
ASICS has carried out a 4-for-1 stock split for its common stock on the effective date of July 1, 2024. The average number of shares during the term is calculated as if this stock split had taken place at the beginning of the previous year.
(Reference) Summary of non-consolidated business results
Non-consolidated results for the fiscal year ended December 31, 2025 (from January 1, 2025 to December 31, 2025)
Non-consolidated business results (Accumulated)
(Percentages indicate year-on-year changes.)
Operating revenue
Operating profit
Ordinary profit
Profit
Fiscal year ended
Millions of Yen
%
Millions of Yen
%
Millions of Yen
%
Millions of Yen
%
December 31, 2025
47,982
18.2
(4,786)
-
91,190
84.8
77,351
40.6
December 31, 2024
40,578
21.4
(2,977)
-
49,347
85.5
55,001
157.1
Basic earnings per share
Diluted earnings per share
Fiscal year ended
Yen
Yen
December 31, 2025
108.23
108.10
December 31, 2024
76.11
76.00
(Note) ASICS has carried out a 4-for-1 stock split for its common stock on the effective date of July 1, 2024. Basic earnings per share and diluted earnings per share are calculated as if this stock split had taken place at the beginning of the previous year.
Non-consolidated financial position
Total assets
Net assets
Equity -to-asset ratio
Net assets per share
As of
Millions of Yen
Millions of Yen
%
Yen
December 31, 2025
170,921
73,826
43.1
103.84
December 31, 2024
169,017
60,793
35.8
84.58
(Reference) Equity: As of December 31, 2025: ¥ 73,583 million As of December 31, 2024: ¥ 60,538 million
Summary of Consolidated Financial Statements is not subjected to auditing procedures by independent auditors.
Explanation of appropriate use of business performance forecasts; other special items (Notes to the description about future, other)
The performance forecasts above are estimated based on information available as of the date hereof. This may cause actual results to differ from stated projections due to changing business conditions or other factors. Please refer to page 10, "(4) Forecast for the fiscal year ending December 31, 2026" for the forecast of consolidated business results.
(How to access supplemental materials on quarterly business results)
ASICS is scheduled to hold conference call on business results for press on Friday, February 13, 2026 and for investors on Monday, February 16, 2026. We plan to post the materials used in the meeting on ASICS's website (https://corp.asics.com/en/investor_relations/library/financial_summary) on Friday, February 13, 2026.
-
Qualitative information for consolidated business results
Forward-looking statements in the text are our estimation as of the end of December 31, 2025.
2025 in Review
2025 was another year that clearly demonstrated ASICS's strong growth momentum.
Net sales were ¥810.9 billion, increased by 19.5% year on year, operating profit was ¥142.5 billion, up 42.4%, and operating margin increased by 2.8 ppt to 17.6%. Both net sales and operating profit set new records highs for the fourth consecutive year.
By category, all categories achieved both increased sales and profits. Notably, both SportStyle and Onitsuka Tiger achieved net sales exceeding ¥100.0 billion for the first time, culminating in growth of more than 40.0% compared with the previous fiscal year. Category profit margin increased by 2.0 ppt to 29.3% for SportStyle and by 3.7 ppt to 37.7% for Onitsuka Tiger. For Onitsuka Tiger specifically, this year marked the full-scale launch of efforts to expand its presence in Europe. Large flagship stores opened in Barcelona, Spain; London, UK; and Paris, France, all getting off to a strong start. The brand is beginning to establish its position as a Japanese luxury lifestyle brand. In January 2026, the Onitsuka Innovative Factory will commence operations in Sakaiminato City, Tottori Prefecture.
This factory, boasting craftsmanship dedicated to Japanese manufacturing, aims to further enhance the brand's value.
All regions achieved higher net sales and profit. ASICS Japan, in particular, saw sales increase by 34.7% compared to the previous period. Sales to inbound tourists were the primary driver, growing by 84%. Domestic Performance Running and SportStyle also showed significant growth. We will continue to focus on strengthening the ASICS brand within Japan. Sales in Southeast and South Asia grew by 33.4% year-on-year. In October, we opened our first ASICS flagship store in New Delhi, India. Even in Europe, where the ASICS brand is already strong and holds a high market share, sales grew by 25.9% year-on-year. Furthermore, despite concerns about economic weakness, sales in Greater China remained robust, growing by 19.9% year-on-year.
Furthermore, we were the recipient of multiple distinguished favorable external assessments. The main details of two such assessments are profiled below.
First, we received the IR Grand Prix at the 2025 IR Award selected by the Japan Investor Relations Association. Following our first award in 2023, we have now received the Grand Prix for the third consecutive year. We were commended for the proactive role of our management in enhancing IR activities and strengthen initiatives targeting individual investors.
Second, we received the Grand Prize Company award, which is the top honor in Corporate Governance of the Year 2025 organized by the Japan Association of Corporate Directors. We were recognized for practicing stakeholder-dialogue-based governance, seeking board operations with a heightened sense of urgency following the sale of all cross-shareholdings, and focusing on reducing capital costs, which is organically linked to our compensation system for executives and employees.
2025 was a year not only of strong performance and external recognition, but also one where we sowed the seeds for our future leap forward.
Through opportunities like the World Athletics Championships Tokyo 25, where ASICS served as an Official Partner, and the "Tokyo:Speed:Race" event held in May where runners of all levels challenged themselves to break personal records, we successfully communicated the ASICS brand within Japan and as a brand originating from Japan. At the 25th Summer Deaflympics Tokyo 2025, we supported the Japanese delegation as an Official Partner. We also launched the METASPEED RAY, the lightest model in the series packed with ASICS innovation, and many athletes wore the METASPEED series. Building on these initiatives, we established a significant foothold for elevating the ASICS brand.
Additionally, ASICS has acquired multiple race registration companies over the past several years, developing a running ecosystem that supports the runner's journey from race registration through to post-race, not just at the point of product purchase. In November, we announced the acquisition of race registration companies in Spain and Thailand, laying the groundwork for further expanding our reach to runners worldwide.
In the innovation field, ASICS expanded its R&D base beyond Japan to a global scale. To incorporate diverse insights, ASICS established a partnership with the University of Michigan in December. The "ASICS-Michigan Sports Innovation Center" will be established, enabling ASICS to leverage the University of Michigan's world-class, cutting-edge research integrating sports and technology, as well as its athlete access programs. Working closely with the ASICS Institute of Sport Science, we aim to create innovations that contribute even more significantly to athlete performance.
Regarding our business foundation, we have established a system to regularly verify the alignment between business forecasts and production plans, utilizing historical sales data and other information. We are strengthening supply and demand planning management at the product level, advancing inventory optimization, and steadily progressing toward achieving operational excellence.
Following its 2024 capital policy, ASICS is practicing "Head-on management," facing the capital markets. In 2025, after individual discussions with many shareholders and approval at the shareholders' meeting, the ASICS Foundation was established in April.
Returning to our founding philosophy, this foundation aims to realize a society where more people enjoy exercise and sports, leading to
improved physical and mental health. In its first year, the foundation will support the expansion of activities by providing grants for up to three years to six organizations across four countries: Japan, India, Indonesia, and Cambodia. This marks a significant step toward enhancing the ASICS Group's corporate value over the medium to long term.
As described above, we believe 2025 has laid the foundation for our further advancement in 2026 and the subsequent medium-term plan period starting in 2027.
Major initiatives in 2026
For 2026, we plan to achieve net sales of ¥950 billion, operating profit of ¥171 billion, and an operating margin of 18.0%. We will continue running in 2026 without slowing the pace of our growth to date.
In Performance Running, we will continue innovative product development, aiming for the No. 1 share in major marathons. In Core Performance Sports, we will maintain our focus on tennis while strengthening sports categories beyond tennis. In SportStyle, we will expand our product lineup while pursuing sustainable growth within this massive market. For Onitsuka Tiger, we will further solidify our brand position in Europe and advance preparations for re-entering the U.S. market in 2027 and later.
Furthermore, we will implement measures for sustainable growth across all regions. For example, significant expansion potential remains in Greater China, where we will extend the ASICS brand footprint. In North America, we are steadily increasing sales at running specialty stores. Leveraging the brand equity cultivated here, we will further strengthen the expansion of mid-priced products, which represent a larger market segment. Furthermore, declaring 2026 the "Year of ASIA," we will harness the momentum of the Aichi-Nagoya 2026 Events to dedicate our efforts to further enhancing the brand in Asia. Specifically, we will accelerate growth even further in Southeast Asia, where the running market is rapidly expanding, aiming to achieve $100 million in sales across Southeast Asian countries at an early stage.
As ASICS continues its significant growth beyond 2026, we anticipate our cash generation capacity will become exceptionally strong. We will intensify discussions to formulate strategies for investments aimed at further future growth.
To maximize corporate value through our transformation into a Global Integrated Enterprise ("GIE"), we are also strengthening human capital, which is as important as financial capital. Specific initiatives include: placing foreign national employees in Headquarter positions from a company-wide optimization perspective; introducing an overseas assignment program for young employees to cultivate future management talent; and setting starting salaries for new graduates at ¥330,000 for university graduates and ¥350,000 for graduate school graduates. We will also actively consider and promote investments in human capital, which are essential for enhancing corporate value over the medium to long term.
2026 will be a crucial year, serving as the launchpad for our next Mid-Term Plan covering 2027 to 2029. With an eye toward further growth and transformation into GIE, we will advance discussions on this next Mid-Term Plan globally and as one ASICS team, incorporating the opinions of our broad range of stakeholders.
"Turn those days into strength." We will continue running in 2026, using our past efforts as a solid driving force for further growth!
-
Explanation on business results
(Millions of yen)
FY2024
Jan 1 to Dec 31
FY2025
Jan 1 to Dec 31
Increase (Decrease)
Increase % (Decrease %)
Increase %
on a currency-neutral basis
Net sales
678,526
810,916
132,389
19.5
19.4
Gross profit
378,878
460,632
81,754
21.6
21.4
Operating profit
100,111
142,519
42,408
42.4
42.2
Ordinary profit
92,601
139,295
46,693
50.4
-
Profit attributable
to owners of parent
63,806
98,719
34,913
54.7
-
Net sales
Net sales increased by 19.5％ to ¥810,916 million due to the strong sales in all categories and regions.
Gross profit
Gross profit increased by 21.6％ to ¥460,632 million due to an improvement in gross margin, as well as due to the impact of the increase in net sales described above.
Operating profit
Operating profit increased by 42.4％ to ¥142,519 million mainly due to the impact of an increase in net sales and profit described above.
Ordinary profit
Ordinary profit increased by 50.4％ to ¥139,295 million mainly due to the impact of an increase in net sales and profit described above.
Profit attributable to owners of parent
Profit attributable to owners of parent increased by 54.7％ to ¥98,719 million mainly due to the impact of an increase in net sales and profit described above.
Business results by category are as follows.
(Millions of yen)
Category
FY2024
Jan 1 to Dec 31
FY2025
Jan 1 to Dec 31
Increase (Decrease)
Increase % (Decrease %)
Increase % on a currency-
neutral basis
Performance
Running
Net sales
326,936
363,542
36,605
11.2
11.2
Category profit
70,726
86,035
15,308
21.6
21.7
Core Performance
Sports
Net sales
78,620
86,017
7,396
9.4
9.3
Category profit
14,104
16,771
2,667
18.9
19.0
Apparel and
Equipment
Net sales
38,065
42,072
4,007
10.5
10.1
Category profit
4,340
5,940
1,599
36.9
36.7
SportStyle
Net sales
98,425
141,324
42,898
43.6
42.8
Category profit
26,876
41,338
14,462
53.8
52.8
Onitsuka Tiger
Net sales
95,439
136,519
41,079
43.0
43.2
Category profit
32,435
51,489
19,053
58.7
58.9
Performance Running
Net sales increased by 11.2％ to ¥363,542 million mainly due to the strong sales in the Europe region and the Southeast and South Asia region.
Category profit increased by 21.6％ to ¥86,035 million mainly due to the impact of an increase in net sales described above.
Core Performance Sports
Net sales increased by 9.4％ to ¥86,017 million due to the strong sales in all region.
Category profit increased by 18.9％ to ¥16,771 million mainly due to an improvement in gross margin, as well as due to the impact of an increase in net sales described above.
Apparel and Equipment
Net sales increased by 10.5％ to ¥42,072 million mainly due to the strong sales in the Europe region.
Category profit increased by 36.9％ to ¥5,940 million mainly due to an improvement in gross margin, as well as due to the impact of an increase in net sales described above.
SportStyle
Net sales increased by 43.6％ to ¥141,324 million due to the strong sales in all regions.
Category profit increased by 53.8％ to ¥41,338 million due to the impact of the increase in net sales described above.
Onitsuka Tiger
Net sales increased by 43.0％ to ¥136,519 million due to the strong sales in all regions.
Category profit increased by 58.7％ to ¥51,489 million mainly due to an improvement in gross margin, as well as due to an increase in net sales described above.
Business results by reportable segments are as follows.
(Millions of yen)
Reportable Segments
FY2024
Jan 1 to Dec 31
FY2025
Jan 1 to Dec 31
Increase (Decrease)
Increase % (Decrease %)
Increase %
on a currency-neutral basis
Japan
Net sales
166,432
204,236
37,804
22.7
-
Segment profit
27,673
44,734
17,061
61.7
-
North America
Net sales
135,040
141,192
6,151
4.6
5.8
Segment profit
11,274
16,018
4,744
42.1
44.1
Europe
Net sales
179,388
225,805
46,416
25.9
22.1
Segment profit
25,290
36,746
11,456
45.3
41.2
Greater China
Net sales
100,497
120,514
20,016
19.9
20.4
Segment profit
19,335
25,099
5,764
29.8
30.3
Oceania
Net sales
42,986
49,649
6,662
15.5
19.2
Segment profit
7,634
7,927
292
3.8
7.2
Southeast and
South Asia
Net sales
37,321
49,780
12,459
33.4
33.0
Segment profit
7,414
10,946
3,532
47.6
47.3
Others
Net sales
44,840
52,078
7,237
16.1
21.4
Segment profit
6,541
8,107
1,566
23.9
29.5
Japan region
Net sales increased by 22.7％ to ¥204,236 million due to the strong sales of Performance Running and Onitsuka Tiger. Segment profit increased by 61.7％ to ¥44,734 million mainly due to an improvement in gross margin, as well as due to the impact of an increase in net sales described above.
North America region
Net sales increased by 4.6％ to ¥141,192 million mainly due to the strong sales of SportStyle, while the strategic reduction in EC sales was conducted.
Segment profit increased by 42.1％ to ¥16,018 million mainly due to the impact of an increase in net sales described above.
Europe region
Net sales increased by 25.9％ to ¥225,805 million due to the strong sales in all categories.
Segment profit increased by 45.3％ to ¥36,746 million mainly due to the impact of an increase in net sales described above.
Greater China region
Net sales increased by 19.9％ to ¥120,514 million due to the strong sales in all categories.
Segment profit increased by 29.8％ to ¥25,099 million mainly due to an improvement in gross margin, as well as due to the impact of an increase in net sales described above.
Oceania region
Net sales increased by 15.5％ to ¥49,649 million due to the strong sales in all categories.
Segment profit increased by 3.8％ to ¥7,927 million mainly due to the impact of an increase in net sales described above.
Southeast and South Asia regions
Net sales increased by 33.4％ to ¥49,780 million due to the strong sales in all categories.
Segment profit increased by 47.6％ to ¥10,946 million mainly due to the impact of an increase in net sales described above.
Other regions
Net sales increased by 16.1％ to ¥52,078 million due to the strong sales in all categories.
Segment profit increased by 23.9％ to ¥8,107 million mainly due to an improvement in gross margin, as well as due to the impact of an increase in net sales described above.
-
Explanation on financial position
As for the consolidated financial position as of December 31, 2025, total assets increased by 13.0％ from the end of the previous fiscal year to ¥586,480 million, total liabilities increased by 10.2％ from the end of the previous fiscal year to ¥313,125 million and total net assets increased by 16.4％ from the end of the previous fiscal year to ¥273,355 million.
Current assets
Current assets increased by 11.0％ to ¥409,933 million mainly due to an increase in merchandise and finished goods.
Non-current assets
Non-current assets increased by 17.8％ to ¥176,546 million mainly due to increases in machinery, equipment and vehicles and right of use assets.
Current liabilities
Current liabilities increased by 25.2％ to ¥243,726 million mainly due to an increase in notes and accounts payable - trade and income taxes payable.
Non-current liabilities
Non-current liabilities decreased by 22.3％ to ¥69,399 million mainly driven by reclassification of bonds payable from non-current liabilities to current liabilities due to redemption date within one year.
Net assets
Net assets increased by 16.4％ to ¥273,355 million mainly due to an increase in retained earnings despite the repurchase of the treasury shares.
-
Overview of cash flows
As for cash flows as of December 31, 2025, cash and cash equivalents (hereinafter, "cash") decreased ¥14,751 million from the end of the previous fiscal year to ¥112,221 million.
The respective cash flow positions and main factors behind the changes are as follows.
Cash flows from operating activities
Net cash provided by operating activities was ¥109,912 million, an increase of ¥5,298 million compared with the previous fiscal year.
Major sources of cash were ¥138,749 million from profit before income taxes and ¥25,266 million from depreciation and amortization. While major uses of cash were ¥32,901 million for the increase in inventories, ¥10,117 million for the increase in trade receivables, and ¥28,055 million for income taxes paid.
Cash flows from investing activities
Net cash used in investing activities was ¥29,414 million, an increase of ¥21,856 million compared with the previous fiscal year. Major sources of cash were ¥3,612 million from proceeds from sales of property, plant and equipment, while major uses of cash were ¥16,191 million for purchases of property, plant and equipment and ¥14,107 million for purchase of intangible assets.
Cash flows from financing activities
Net cash used in financing activities was ¥105,875 million, an increase of ¥21,553 million compared with previous fiscal year. Major source of cash was ¥2,500 million from the net increase in short-term borrowings. Major uses of cash were ¥50,003 million for repurchase of treasury shares, ¥25,000 million for redemption of bonds, ¥15,734 million for cash dividends paid, and
¥14,980 million for repayment of lease obligations.
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Forecast for the fiscal year ending December 31, 2026
Regarding business results for the fiscal year ending December 31, 2026, we expect increased revenue and profit driven primarily by Performance Running, while also incorporating further profit growth in SportStyle and by striving to improve profitability through disciplined control of selling, general and administrative expenses.
The fiscal year ending December 31, 2026 is the final year of the "Mid-Term Plan 2026." During this year, we will further accelerate our transformation into a Global Integrated Enterprise (GIE), while advancing the development of a solid growth foundation for the new "Mid-Term Plan 2029," which will begin in 2027.
Forecast of consolidated business results for the fiscal year ending December 31, 2026 is as follows. (Percentages indicate year-on-year changes.)
Full fiscal-year consolidated business results (Billions of yen)
Fiscal year ended December 31, 2025
(Actual)
Fiscal year ending December 31, 2026
(Forecast)
Increase % (Decrease %)
Net sales
810.9
950.0
17.2%
Operating profit
142.5
171.0
20.0%
Operating margin (%)
17.6%
18.0%
0.4 ppt
Ordinary profit
139.2
165.0
18.5%
Profit attributable to owners of parent
98.7
110.0
11.4%
Forecast of consolidated net sales by category for the fiscal year ending December 31, 2026 is as follows. (Percentages indicate year-on-year changes.)
Consolidated net sales (Billions of yen)
Fiscal year ended
December 31, 2025 (Actual)
Fiscal year ending
December 31, 2026 (Forecast)
Increase % (Decrease %)
Performance Running
363.5
415.0
14.2%
Core Performance Sports
86.0
98.0
13.9%
Apparel (Note 1)
42.0
48.0
14.1%
SportStyle
141.3
205.0
45.1%
Onitsuka Tiger
136.5
152.0
11.3%
Walking (Note 2)
16.4
16.2
(1.5)%
(Notes)
We will change the name "Apparel and Equipment" to "Apparel" from the fiscal year ending December 31, 2026.
To enhance the transparency of information disclosure, "Walking," which had previously not been disclosed, is recorded as a separate category from the fiscal year ending December 31, 2026.
Forecast of consolidated net sales by region for the fiscal year ending December 31, 2026 is as follows. (The percentages indicate the rates of increase or decrease compared with the previous fiscal year)
Consolidated net sales (Billions of yen)
Fiscal year ended
December 31, 2025 (Actual)
Fiscal year ending
December 31, 2026 (Forecast)
Increase % (Decrease %)
Japan
204.2
180.0
(11.9)%
North America
141.1
168.0
19.0%
Europe
225.8
281.0
24.4%
Greater China
120.5
140.0
16.2%
Oceania
49.6
58.0
16.8%
Southeast and South Asia
49.7
59.0
18.5%
Please see ASICS's following website for details regarding the forecast of consolidated business results: (https://corp.asics.com/en/investor_relations/library/financial_summary).
- Basic policy for distribution of profits and dividends for the fiscal year ended December 31, 2025 and the fiscal year ending December 31, 2026
ASICS recognizes the return of profits to our shareholders as one of the management's top priorities. In order to achieve the total return ratio target of 50% during the period of the Mid-Term Plan, as set in the Mid-Term Plan 2026, ASICS will consider profit distributions based on the assumption of continued progressive dividends. ASICS will also strike a balance going forward between returns to shareholders and investments for growth, based on the capital allocation policy in the Mid-Term Plan 2026.
ASICS's basic policy for the dividends from the surplus is to pay dividends twice a year in the form of interim dividends (record date of June 30) and year-end dividends.
Because net sales and operating profit recorded their highest-ever levels in the fiscal year under review, ASICS plans to pay the highest-ever dividend (of which, includes an interim dividend of ¥12.00 per share) of ¥28.00 per share.
ASICS expects to pay dividends of ¥ 38.00 per share (of which, ¥ 18.00 per share is from the interim dividend) for the fiscal year ending December 31, 2026.
Furthermore, at a Board of Directors meetinng held on February 13, 2026, ASICS resolved to make changes to its shareholder benefit program. These changes will be applied to the shareholder benefit program with a record date of the end of June 2026. Details of the changes will be announced at a later date on the ASICS website.
-
Explanation on business results
-
Consolidated Financial Statements and Notes
-
Consolidated Balance Sheet
(Millions of yen)
As of December 31, 2024 As of December 31, 2025
Assets
Current assets
Cash and deposits
127,021
112,267
Notes and accounts receivable - trade
74,705
88,803
Merchandise and finished goods
133,922
174,372
Work in process
639
1,011
Raw materials and supplies
3,035
3,584
Other
33,340
33,747
Allowance for doubtful accounts
(3,521)
(3,853)
Total current assets
369,143
409,933
Non-current assets
Property, plant and equipment
Buildings and structures
35,906
37,445
Accumulated depreciation
(25,162)
(24,124)
Buildings and structures, net
10,743
13,320
Machinery, equipment and vehicles
6,282
17,849
Accumulated depreciation
(4,673)
(5,575)
Machinery, equipment and vehicles, net
1,608
12,274
Tools, furniture and fixtures
42,008
44,243
Accumulated depreciation
(34,764)
(32,336)
Tools, furniture and fixtures, net
7,243
11,906
Land
5,809
4,859
Leased assets
1,651
1,001
Accumulated depreciation
(1,341)
(889)
Leased assets, net
309
112
Construction in progress
8,228
2,214
Total property, plant and equipment
33,944
44,688
Intangible assets
Goodwill
5,964
5,716
Software
29,179
35,529
Right of use assets
44,871
52,761
Other
10,763
9,962
Total intangible assets
90,779
103,969
Investments and other assets
Investment securities
3,513
3,707
Long-term loans receivable
22
18
Deferred tax assets
4,048
8,757
Other
17,894
15,781
Allowance for doubtful accounts
(351)
(376)
Total investments and other assets
25,127
27,889
Total non-current assets
149,851
176,546
Total assets
518,994
586,480
(Millions of yen)
As of December 31, 2024 As of December 31, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade
62,150
73,670
Short-term borrowings
2,500
2,500
Current portion of bonds payable
25,000
25,000
Lease liabilities
12,944
16,000
Accrued expenses
38,900
49,375
Income taxes payable
11,703
26,990
Accrued consumption taxes
1,948
3,002
Provision for bonuses
1,953
2,263
Other
37,636
44,924
Total current liabilities
194,739
243,726
Non-current liabilities
Bonds payable
35,000
10,000
Lease liabilities
41,832
45,029
Deferred tax liabilities
2,735
1,047
Retirement benefit liability
4,865
5,120
Other
4,882
8,200
Total non-current liabilities
89,314
69,399
Total liabilities
284,054
313,125
Net assets
Shareholders' equity
Share capital
23,972
23,972
Capital surplus
15,827
13,655
Retained earnings
196,805
246,352
Treasury shares
(44,706)
(57,651)
Total shareholders' equity
191,899
226,328
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
315
303
Deferred gains or losses on hedges
12,532
874
Foreign currency translation adjustment
29,215
44,698
Remeasurements of defined benefit plans
(928)
(686)
Total accumulated other comprehensive income
41,135
45,189
Share acquisition rights
254
242
Non-controlling interests
1,650
1,594
Total net assets
234,940
273,355
Total liabilities and net assets
518,994
586,480
-
Consolidated Income Statement and Statement of Comprehensive Income
(Millions of yen)
Fiscal year ended
Fiscal year ended
December 31, 2024
December 31, 2025
Net sales
678,526
810,916
Cost of sales
299,648
350,283
Gross profit
378,878
460,632
Selling, general and administrative expenses
*1 278,766
*1 318,112
Operating profit
100,111
142,519
Non-operating income
Interest income
4,287
2,761
Dividend income
167
53
Foreign exchange gains
-
435
Gain on forgiveness of debt
-
421
Other
1,289
907
Total non-operating income
5,745
4,580
Non-operating expenses
Interest expenses
5,427
5,045
Foreign exchange losses
1,898
-
Loss on overseas business
3,066
1,320
Other
2,862
1,439
Total non-operating expenses
13,255
7,804
Ordinary profit
92,601
139,295
Extraordinary income
Gain on sale of non-current assets
*2 236
*2 2,313
Gain on sale of investment securities
*3 6,938
-
Total extraordinary income
7,174
2,313
Extraordinary losses
Loss on sale of non-current assets
4
15
Loss on retirement of non-current assets
51
313
Loss on sale of investment securities
18
7
Loss on valuation of investment securities
133
73
Impairment losses
*4 2,019
*4 2,388
Loss on cancellation of rental contracts
*5 1,331
*5 62
Loss on relocation
*6 2,030
-
Allowance for losses on business transfer
*7 943
-
Total extraordinary losses
6,531
2,859
Profit before income taxes
93,244
138,749
Income taxes-current
24,115
41,092
Income taxes-deferred
5,183
(1,171)
Total income taxes
29,299
39,920
Profit
63,944
98,828
Profit attributable to non-controlling interests
138
108
Profit attributable to owners of parent
63,806
98,719
(Millions of yen)
Fiscal year ended
Fiscal year ended
December 31, 2024
December 31, 2025
Profit
63,944
98,828
Other comprehensive income
Valuation difference on available-for-sale securities
(3,164)
(12)
Deferred gains or losses on hedges
10,290
(11,657)
Foreign currency translation adjustment
6,911
15,482
Remeasurements of defined benefit plans, net of tax
(56)
242
Total other comprehensive income
13,980
4,053
Comprehensive income
77,925
102,882
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
77,786
102,773
Comprehensive income attributable to non-controlling
interests
138
108
-
Consolidated Statement of Changes in Net Assets
Fiscal year ended December 31, 2024
(Millions of yen)
Shareholders' equity
Accumulated other comprehensive income
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Balance at beginning of
period
23,972
15,836
147,561
(9,717)
177,653
3,480
2,241
Changes during period
Dividends of surplus
(14,562)
(14,562)
Profit (loss) attributable
to owners of parent
63,806
63,806
Purchase of treasury
shares
(35,014)
(35,014)
Disposal of treasury
shares
(8)
26
17
Net changes in items other than shareholders'
equity
-
(3,164)
10,290
Total changes during
period
-
(8)
49,243
(34,988)
14,246
(3,164)
10,290
Balance at end of period
23,972
15,827
196,805
(44,706)
191,899
315
12,532
Accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Balance at beginning of
period
22,304
(871)
27,155
271
1,720
206,801
Changes during period
Dividends of surplus
-
(14,562)
Profit (loss) attributable
to owners of parent
-
63,806
Purchase of treasury
shares
-
(35,014)
Disposal of treasury
shares
-
17
Net changes in items other than shareholders'
equity
6,911
(56)
13,980
(17)
(70)
13,892
Total changes during
period
6,911
(56)
13,980
(17)
(70)
28,139
Balance at end of period
29,215
(928)
41,135
254
1,650
234,940
Fiscal year ended December 31, 2025
(Millions of yen)
Shareholders' equity
Accumulated other comprehensive income
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Valuation difference on available-for-
sale securities
Deferred gains or losses on hedges
Balance at beginning of
period
23,972
15,827
196,805
(44,706)
191,899
315
12,532
Changes during period
Transfer from retained earnings to capital
surplus
35,241
(35,241)
-
Deficit disposition
(1,826)
1,826
-
Dividends of surplus
(15,757)
(15,757)
Profit (loss) attributable
to owners of parent
98,719
98,719
Purchase of treasury
shares
(50,003)
(50,003)
Disposal of treasury
shares
(9,562)
11,032
1,470
Cancellation of treasury
shares
(26,025)
26,025
-
Net changes in items
other than shareholders' equity
-
(12)
(11,657)
Total changes during
period
-
(2,172)
49,546
(12,945)
34,429
(12)
(11,657)
Balance at end of period
23,972
13,655
246,352
(57,651)
226,328
303
874
Accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
income
Balance at beginning of
period
29,215
(928)
41,135
254
1,650
234,940
Changes during period
Transfer from retained
earnings to capital surplus
-
-
Deficit disposition
-
-
Dividends of surplus
-
(15,757)
Profit (loss) attributable
to owners of parent
-
98,719
Purchase of treasury
shares
-
(50,003)
Disposal of treasury
shares
-
1,470
Cancellation of treasury
shares
-
-
Net changes in items other than shareholders'
equity
15,482
242
4,053
(12)
(55)
3,985
Total changes during
period
15,482
242
4,053
(12)
(55)
38,414
Balance at end of period
44,698
(686)
45,189
242
1,594
273,355
-
Consolidated Statement of Cash Flows
(Millions of yen)
Fiscal year ended December 31, 2024
Fiscal year ended December 31, 2025
Cash flows from operating activities
Profit before income taxes
93,244
138,749
Depreciation and amortization
20,557
25,266
Impairment losses
2,019
2,388
Amortization of goodwill
685
657
Increase (decrease) in allowance for doubtful accounts
(1,314)
209
Increase (decrease) in retirement benefit liability
349
606
Increase (decrease) in provision for bonuses
878
233
Loss (gain) on valuation of investment securities
133
73
Loss (gain) on sale of investment securities
(6,920)
7
Interest and dividend income
(4,455)
(2,815)
Interest expenses
5,427
5,045
Foreign exchange losses (gains)
(25)
2
Loss (gain) on sale and retirement of non-current assets
(180)
(1,984)
Loss on relocation
2,030
-
Allowance for losses on business transfer
943
-
Other loss (gain)
987
2,589
Decrease (increase) in trade receivables
(7,104)
(10,117)
Decrease (increase) in inventories
(9,926)
(32,901)
Decrease (increase) in other assets
(4,165)
(2,829)
Increase (decrease) in trade payables
16,859
6,385
Increase (decrease) in accrued consumption taxes
927
766
Increase (decrease) in other liabilities
13,731
8,050
Subtotal
124,683
140,383
Interest and dividends received
4,281
2,713
Interest paid
(5,516)
(5,128)
Income taxes paid
(18,834)
(28,055)
Net cash provided by (used in) operating activities
104,614
109,912
Cash flows from investing activities
Payments into time deposits
(1,661)
(2)
Proceeds from withdrawal of time deposits
2,342
1
Purchase of property, plant and equipment
(11,375)
(16,191)
Payments for retirement of property, plant and equipment
(56)
(234)
Proceeds from sale of property, plant and equipment
726
3,612
Purchase of intangible assets
(12,664)
(14,107)
Proceeds from sale of intangible assets
0
4
Purchase of investment securities
(749)
(408)
Proceeds from sale and redemption of investment
securities
11,668
2
Proceeds from distributions from investment partnerships
215
12
Proceeds from purchase of shares of subsidiaries resulting
in change in scope of consolidation
-
118
Proceeds from sale of shares of subsidiaries resulting in
change in scope of consolidation
-
422
Net decrease (increase) in short-term loans receivable
5,416
(3)
Long-term loan advances
(3)
(1)
Proceeds from collection of long-term loans receivable
6
7
Decrease (increase) in investments and other assets
(1,423)
(2,648)
Net cash provided by (used in) investing activities
(7,558)
(29,414)
(Millions of yen)
Fiscal year ended
Fiscal year ended
December 31, 2024
December 31, 2025
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
-
2,500
Repayments of long-term borrowings
(87)
(2,500)
Redemption of bonds
(20,000)
(25,000)
Purchase of treasury shares
(35,014)
(50,003)
Proceeds from sale of treasury shares
0
7
Repayments of lease liabilities
(14,468)
(14,980)
Dividends paid
(14,542)
(15,734)
Dividends paid to non-controlling interests
(208)
(164)
Net cash provided by (used in) financing activities
(84,322)
(105,875)
Effect of exchange rate change on cash and cash equivalents
937
10,624
Net increase (decrease) in cash and cash equivalents
13,671
(14,751)
Cash and cash equivalents at beginning of period
113,301
126,973
Cash and cash equivalents at end of period
126,973
112,221
- Notes for Consolidated Financial Statements (Notes on matters related to going concern assumption) Not applicable.
(Notes on significant changes in the amount of shareholders' equity) (Repurchase of treasury shares)
ASICS carried out the repurchase of 6,515,500 treasury shares as approved at a Board of Directors meeting held on February 14, 2025, pursuant to provisions of the Article of 459-1-1 of the Companies Act of Japan and Article 39 of ASICS's Articles of Association.
Treasury shares increased by ¥19,999 million during the period ended December 31, 2025, due to the repurchase of treasury shares. The repurchase of treasury shares as approved at a Board of Directors meeting held on February 14, 2025, has been completed as of May 27, 2025.
ASICS carried out the repurchase of 8,072,900 treasury shares as approved at a Board of Directors meeting held on November 12, 2025, pursuant to provisions of the Article of 459-1-1 of the Companies Act of Japan and Article 39 of ASICS's Articles of Association. Treasury shares increased by ¥29,999 million during the period ended December 31 2025, due to the repurchase of treasury shares.
The repurchase of treasury shares as approved at a Board of Directors meeting held on November 12, 2025, has been completed as of December 23, 2025.
(Cancellation of treasury shares)
ASICS carried out the cancellation of 25,000,000 treasury shares on February 28, 2025, as approved at a Board of Directors meeting held on February 14, 2025, pursuant to provisions of the Article of 178 of the Companies Act of Japan. As a result, capital surplus decreased by ¥26,025 million and treasury shares decreased by ¥26,025 million.
(Disposal of treasury shares)
ASICS resolved to dispose of its treasury shares through third-party allotment to enable continuous and stable support of the activities of the ASICS Foundation at a Board of Directors meeting held on February 14, 2025. This resolution was subsequently approved at the 71st General Meeting of Shareholders held on March 28, 2025, and 7,000,000 treasury shares were disposed of on May 15, 2025. As a result, capital surplus decreased by ¥10,315 million, and treasury shares decreased by ¥10,322 million.
Largely as a result of these factors, capital surplus was ¥13,655 million, retained earnings were ¥246,352 million, and treasury shares were ¥57,651 million as of December 31, 2025.
(Consolidated Balance Sheet)
ASICS has an overdraft agreement with the bank to finance working capital efficiently.
The balance of unused loan commitments as of December 31, 2025 under this agreement is as follows.
Millions of yen
As of December 31, 2024 As of December, 2025
Overdraft maximum amount
¥
195,500
¥
195,500
Balance of used loans
-
2,500
Unused balance
¥
195,500
¥
193,000
(Consolidated Income Statement)
*1 The material expenses in selling, general and administrative expenses are as follows.
Millions of yen
Fiscal year ended December 31, 2024
Fiscal year ended December 31, 2025
Packing and transportation
¥
28,091
¥
28,774
Advertising
52,099
59,508
Commission fee
48,835
57,910
Provision for bad debt
(989)
119
Salaries and wages
55,132
59,421
Provision for bonuses
6,848
9,638
Retirement benefit
1,077
1,234
Rent
13,189
15,802
Depreciation and amortization
20,315
24,939
(Changes in presentation)
"Profit-sharing bonus," which was not independently presented in the previous fiscal year, are included in "Provision for bonuses" to enhance visibility and clarity from the fiscal year ended December 31, 2025. To reflect the changes to presentation, ¥4,313 million of "Profit-sharing bonus" for the previous fiscal year has been reclassed to "Provision for bonuses."
*2 Gain on sale of non-current assets
2024 (from January 1 to December 31, 2024)
Mainly gain on sale of land and buildings and structures owned by the consolidated subsidiaries.
2025 (from January 1 to December 31, 2025)
Mainly gain on sale of land and buildings and structures for the office.
*3 Gain on sale of investment securities 2024 (from January 1 to December 31, 2024) Gain on sale of Cross Shareholdings.
2025 (from January 1 to December 31, 2025) Not applicable.
*4 Impairment losses
2024 (from January 1 to December 31, 2024)
The breakdown of impairment losses is as follows.
(Millions of yen)
Impairment losses on retail store assets, etc. 952
Other 1,066
Total ¥ 2,019
2025 (from January 1 to December 31, 2025)
The breakdown of impairment losses is as follows.
(Millions of yen)
Impairment losses on retail store assets, etc. 423
Other 1,964
Total ¥ 2,388
*5 Loss on cancellation of rental contracts 2024 (from January 1 to December 31, 2024)
Loss on cancellation fees and other factors incurred due to the closing of the owned sport facilities.
2025 (from January 1 to December 31, 2025)
Loss on cancellation fees and other factors incurred due to the closing of the owned retail stores.
*6 Loss on relocation
2024 (from January 1 to December 31, 2024)
The breakdown of loss on relocation is as follows.
(Millions of yen)
Impairment losses 1,674
Asset retirement obligations 355
Total ¥2,030
2025 (from January 1 to December 31, 2025) Not applicable.
*7 Allowance for losses on business transfer 2024 (from January 1 to December 31, 2024)
As a result of ASICS's decision to transfer its shares in NIPPON SLIPPER CO., LTD., which is a wholly owned subsidiary of a subsidiary, losses that are expected to arise in association with this transfer have been recorded in extraordinary losses.
2025 (from January 1 to December 31, 2025) Not applicable.
(Segment information)
Outline of reportable segments
Reportable segments of the Group are components for which discrete financial information is available and whole operating results are regularly reviewed by the Executive Meeting of the Company to make decisions on the allocation of management resources and assess performance.
ASICS is mainly engaged in business management activities and product development as the global headquarters. The Group is primarily engaged in the manufacture and sales of sporting goods.
ASICS Japan Corporation and other subsidiaries in Japan are responsible for Japan.
ASICS America Corporation is responsible for North America; ASICS Europe B. V. for Europe, Middle East, and Africa; ASICS China Trading Co. , Ltd. for Greater China; ASICS Oceania PTY. , Ltd. for Oceania; and ASICS Asia PTE. , Ltd. for Southeast and South Asia.
The amounts of the net sales, profit or loss, assets, and other items for each Reportable Segment and the methods of calculation of those amounts
The method of accounting treatment for reportable segments is the same as those stated in "Basis for the Presentation of the Consolidated Financial Statements."
Profit in the reportable segments is based on operating profit. Inter-segment revenues and transfers are calculated at prevailing market prices.
Net Sales and Segment Income/Loss of Reportable Segment
(Millions of yen)
Fiscal year ended December, 2024
Reportable segment
Japan
North America
Europe
Greater China
Oceania
Southeast and South Asia
Net sales:
Sales to customers Intersegment
¥
124,780
41,652
¥
135,040
-
¥
179,359
29
¥
100,431
66
¥
42,978
8
¥
37,152
168
Total sales
166,432
135,040
179,388
100,497
42,986
37,321
Segment profit (loss)
¥
27,673
¥
11,274
¥
25,290
¥
19,335
¥
7,634
¥
7,414
Segment assets
¥
104,050
¥
78,922
¥
132,194
¥
63,981
¥
29,757
¥
31,578
Other items
Depreciation and amortization expenses Increases in Tangible and Intangible fixed assets
¥
¥
1,063
1,113
¥
¥
1,273
910
¥
¥
5,384
6,097
¥
¥
3,167
454
¥
¥
1,546
2,169
¥
¥
1,647
686
(Millions of yen)
Fiscal year ended December, 2024
Reportable segment
Others
Total
Adjustments
Consolidated
Others
Total
Net sales:
Sales to customers Intersegment
¥
44,839
1
¥
664,582
41,925
¥
13,677
-
¥
678,259
41,925
¥
267
(41,925)
¥
678,526
-
Total sales
44,840
706,508
13,677
720,185
(41,658)
678,526
Segment profit (loss)
¥
6,541
¥
105,165
¥
(1,620)
¥
103,544
¥
(3,433)
¥
100,111
Segment assets
¥
35,020
¥
475,505
¥
22,203
¥
497,709
¥
21,285
¥
518,994
Other items
Depreciation and amortization expenses Increases in Tangible and Intangible fixed assets
¥
¥
663
806
¥
¥
14,747
12,239
¥
¥
821
1,188
¥
¥
15,569
13,428
¥
¥
4,988
10,685
¥
¥
20,557
24,114
(Millions of yen)
Fiscal year ended December, 2025
Reportable segment
Japan
North America
Europe
Greater China
Oceania
Southeast and South Asia
Net sales:
Sales to customers Intersegment
¥
156,385
47,851
¥
141,192
-
¥
225,805
-
¥
120,236
277
¥
49,649
-
¥
49,745
35
Total sales
204,236
141,192
225,805
120,514
49,649
49,780
Segment profit (loss)
¥
44,734
¥
16,018
¥
36,746
¥
25,099
¥
7,927
¥
10,946
Segment assets
¥
120,878
¥
82,156
¥
180,270
¥
76,404
¥
31,801
¥
41,757
Other items
Depreciation and amortization expenses Increases in Tangible and Intangible fixed assets
¥
¥
1,129
5,723
¥
¥
1,347
813
¥
¥
6,991
5,530
¥
¥
3,890
749
¥
¥
2,063
1,570
¥
¥
2,020
750
(Millions of yen)
Fiscal year ended December, 2025
Reportable segment
Others
Total
Adjustments
Consolidated
Others
Total
Net sales:
Sales to customers Intersegment
¥
52,077
0
¥
795,092
48,164
¥
15,657
-
¥
810,750
48,164
¥
166
(48,164)
¥
810,916
-
Total sales
52,078
843,256
15,657
858,914
(47,998)
810,916
Segment profit(loss)
¥
8,107
¥
149,582
¥
(1,192)
¥
148,390
¥
(5,870)
¥
142,519
Segment assets
¥
49,254
¥
582,522
¥
25,638
¥
608,161
¥
(21,680)
¥
586,480
Other items
Depreciation and amortization expenses Increases in Tangible and Intangible fixed assets
¥
¥
1,003
2,186
¥
¥
18,447
17,323
¥
¥
814
1,112
¥
¥
19,261
18,435
¥
¥
6,004
12,520
¥
¥
25,266
30,955
-
Consolidated Balance Sheet
- Supplemental Information
-
Net Sales per Regions
(Millions of yen)
Fiscal year ended
December 31, 2024
Japan
North
America
Europe
Greater
China
Others
Consolidated
Net sales
¥ 133,467
¥ 139,131
¥ 168,683
¥ 100,490
¥ 136,753
¥ 678,526
(Note)
Net sales are based on customer locations and classified by country and territory.
Net sales attributable to "North America" of ¥139,131 million for the year ended December 31, 2024 include net sales in the United States of America of ¥120,766 million. Net sales attributable to "Greater China" of ¥100,490 million for the year ended December 31, 2024 include net sales in the People's Republic of China of ¥83,026 million.
(Millions of yen)
Fiscal year ended
December 31, 2025
Japan
North
America
Europe
Greater
China
Others
Consolidated
Net sales
¥ 158,442
¥ 145,477
¥ 209,689
¥ 120,244
¥ 177,062
¥ 810,916
(Note)
Net sales are based on customer locations and classified by country and territory.
Net sales attributable to "North America" of ¥145,477 million for the year ended December 31, 2025 include net sales in the United States of America of ¥124,054 million. Net sales attributable to "Greater China" of ¥120,244 million for the year ended December 31, 2025 include net sales in the People's Republic of China of ¥99,151 million.
-
Property, plant and equipment per Regions
(Millions of yen)
Fiscal year ended
December 31, 2024
Japan
North
America
Europe
Oceania
Others
Consolidated
Property, plant and equipment
¥ 14,966
¥ 2,348
¥ 9,459
¥ 4,571
¥ 2,598
¥ 33,944
(Notes)
"Europe" as of December 31, 2024 includes Netherlands of ¥7,121 million. "Oceania" as of December 31, 2024 is Australia of ¥4,571 million.
(Millions of yen)
Fiscal year
December 31, 2025
Japan
North
America
Europe
Oceania
Others
Consolidated
Property, plant and equipment
¥ 17,917
¥ 2,131
¥ 14,260
¥ 5,608
¥ 4,769
¥ 44,688
(Notes)
"Europe" as of December 31, 2025 includes Netherlands of ¥8,016 million. "Oceania" as of December 31, 2025 is Australia of ¥5,608 million.
-
Information about impairment losses of non-current assets by Reportable Segment
(Millions of yen)
Fiscal year ended December 31, 2024
Reportable Segment
Japan
North America
Europe
Greater China
Oceania
Southeast and South Asia
Impairment losses
¥ 58
¥ 927
¥ 33
¥ 131
¥ －
¥ 223
(Millions of yen)
Fiscal year ended December 31, 2024
Reportable Segment
Others (Note 1)
Total
Adjustments (Note 2)
Consolidated
Others
Total
Impairment losses
¥ －
¥ 1,374
¥ 243
¥ 1,617
¥ 401
¥ 2,019
(Notes)
The "Others" segment includes impairment losses mainly on software.
The "Adjustments" segment includes impaiment losses mainly on software. In addition, it does not include the impairment losses on relocation, that is ¥1,674 million.
(Millions of yen)
Fiscal year ended December 31, 2025
Reportable Segment
Japan
North America
Europe
Greater China
Oceania
Southeast and South Asia
Impairment losses
¥ 74
¥ 102
¥ －
¥ 245
¥ －
¥ －
(Millions of yen)
Fiscal year ended December 31, 2025
Reportable Segment
Others (Note 1)
Total
Adjustments (Note 2)
Consolidated
Others
Total
Impairment losses
¥ －
¥ 423
¥ 24
¥ 447
¥ 1,940
¥ 2,388
(Notes)
The "Others" segment includes impairment losses mainly on tools, furniture and fixtures.
The "Adjustments" segment includes impairment losses mainly on software.
-
Information about amortization and unamortized balance of goodwill by Reportable Segment
(Millions of yen)
Fiscal year ended December 31, 2024
Reportable Segment
Japan
North America
Europe
Greater China
Oceania
Southeast and South Asia
Amortization during period
¥
-
¥
-
¥
-
¥
-
¥
-
¥
-
Balance at end of period
-
-
-
-
-
-
(Millions of yen)
Fiscal year ended December 31, 2024
Reportable Segment
Others (Note)
Total
Adjustments
Consolidated
Others
Total
Amortization during period
¥ －
¥ －
¥ 685
¥ 685
¥ －
¥ 685
Balance at end of period
-
-
5,964
5,964
-
5,964
(Note)
The "Others" segment is related to the running service business.
(Millions of yen)
Fiscal year ended December 31, 2025
Reportable Segment
Japan
North America
Europe
Greater China
Oceania
Southeast and South Asia
Amortization during period
¥
-
¥
-
¥
-
¥
-
¥
-
¥
-
Balance at end of period
-
-
-
-
-
-
(Millions of yen)
Fiscal year ended December 31, 2025
Reportable Segment
Others (Note)
Total
Adjustments
Consolidated
Others
Total
Amortization during period
¥ －
¥ －
¥ 657
¥ 657
¥ －
¥ 657
Balance at end of period
-
-
5,716
5,716
-
5,716
(Note)
The "Others" segment is related to the running service business.
-
Information about gain on negative goodwill by Reportable Segment
2024 (from January 1 to December 31, 2024) Not applicable.
2025 (from January 1 to December 31, 2025) Not applicable.
-
Amounts per Share
(Yen)
Fiscal year ended December 31, 2024
Fiscal year ended December 31, 2025
Net assets
¥
325.59
¥
383.16
Profit attributable to owners of parent:
Basic
¥
88.30
¥
138.13
Diluted
¥
88.17
¥
137.96
(Notes)
ASICS has carried out a 4-for-1 stock split for its common stock on the effective date of July 1, 2024. Net assets per share, basic earnings per share, and diluted earnings per share are calculated as if this stock split had taken place at the beginning of the previous year.
The basis for the calculation of basic earnings per share and diluted earnings per share is as follows.
(Millions of yen)
Fiscal year ended December 31, 2024
Fiscal year ended December 31, 2025
Information used in computation of basic profit per share:
Profit attributable to owners of parent
¥ 63,806
¥ 98,719
(Thousands of shares)
Fiscal year ended December 31, 2024
Fiscal year ended December 31, 2025
Weighted-average number of shares of common stock
outstanding
722,618
714,696
Increase in common stock
1,082
846
Increase attributable to:
Stock acquisition rights
570
547
Restricted Stock Unit
511
299
-
Subsequent event
Not applicable.
- Foreign Currency Exchange Rates
USD | EUR | RMB | AUD | SGD | ||||||
Fiscal year ended December 31, 2024 | ¥ | 151.36 | ¥ | 163.66 | ¥ | 21.06 | ¥ | 99.86 | ¥ | 113.23 |
Fiscal year ended December 31, 2025 | ¥ | 150.32 | ¥ | 169.09 | ¥ | 20.93 | ¥ | 96.78 | ¥ | 114.82 |
Increase (Decrease) | ¥ | (1.04) | ¥ | 5.43 | ¥ | (0.13) | ¥ | (3.08) | ¥ | 1.59 |
Ratio (%) | (0.7) | 3.3 | (0.6) | (3.1) | 1.4 | |||||
(9) Net Sales and Segment profit Ratio | ||||||||
North | Greater | Southeast and South | ||||||
Japan | America | Europe | China | Oceania | Asia | Others | ||
Net Sales | (Local Currency) | - | 5.8 | 22.1 | 20.4 | 19.2 | 33.0 | 21.4 |
Vs Fiscal year ended December 31, 2024 (%) | (Yen) | 22.7 | 4.6 | 25.9 | 19.9 | 15.5 | 33.4 | 16.1 |
Segment profit | (Local Currency) | - | 44.1 | 41.2 | 30.3 | 7.2 | 47.3 | 29.5 |
Vs Fiscal year ended December 31, 2024 (%) | (Yen) | 61.7 | 42.1 | 45.3 | 29.8 | 3.8 | 47.6 | 23.9 |
-