Consumer Non-Durables

ASICS Corp.

In the news

Olympics postponement leaves Tokyo 2020 sponsors in the dark Jul 22, 2020
Nike, Yonex and sporting good peers prep for post-COVID-19 world Jul 12, 2020
Indian startups court Japan to fill funding gap and skirt China Jun 22, 2020
Olympic delay trips up Asics' race against Nike Apr 24, 2020
Multinationals reroute supply chains from China -- for good? Feb 15, 2020

Business Summary

Asics Corp. engages in the manufacture and sale of sports goods. It offers sports wear, sports shoes, and sports equipment. It operates through the following segments: Japan, America Area, Europe Area, Oceania Area, South East Area & South Asia Area, East Asia Area, and Others. The area segments are involved in the manufacture and sale of sporting goods. The Other segment provides outdoor products under the brand name HAGLOFS. The company was founded by Kihachiro Onitsuka on September 1, 1949 and is headquartered in Kobe, Japan.

Financial Highlights

Dec 2021	JPY	USD
Revenue	404,128M	3,678.12M
Gross Profit	186,677M	1,699.02M
Operating income	21,118M	192.20M
Income before tax	14,120M	128.51M
Net income	9,402M	85.57M
EBITDA	35,465M	322.78M
Diluted EPS	51.32	0.46
Dividends Per Share	24	0.21
Total Assets	345,773M	3,002.67M
Total liabilities	199,233M	1,730.12M
Total equity	146,394M	1,271.27M
Operating cash flow	49,146M	447.29M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	400,050M	386,714M	378,018M	328,896M	404,128M
Gross Profit	183,260M	171,077M	167,099M	140,291M	186,677M
Operating income	19,572M	10,516M	10,634M	-5,248M	21,118M
Income before tax	21,834M	-14,270M	10,207M	-16,060M	14,120M
Net income	12,970M	-20,326M	7,098M	-16,125M	9,402M
EBITDA	30,293M	21,745M	23,556M	8,734M	35,465M
Diluted EPS	64.42	-107.58	37.47	-88.17	51.32
Dividends Per Share	23.50	24	30	24	24
Total Assets	348,232M	304,460M	316,115M	333,180M	345,773M
Total liabilities	146,927M	137,628M	163,790M	206,415M	199,233M
Total equity	199,889M	165,253M	152,182M	126,620M	146,394M
Operating cash flow	37,136M	11,049M	14,792M	19,330M	49,146M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	3,567.61M	3,501.48M	3,467.71M	3,080.45M	3,678.12M
Gross Profit	1,634.29M	1,549.00M	1,532.86M	1,313.97M	1,699.02M
Operating income	174.54M	95.21M	97.54M	-49.15M	192.20M
Income before tax	194.71M	-129.20M	93.63M	-150.41M	128.51M
Net income	115.66M	-184.04M	65.11M	-151.02M	85.57M
EBITDA	270.15M	196.88M	216.08M	81.80M	322.78M
Diluted EPS	0.57	-0.97	0.34	-0.82	0.46
Dividends Per Share	0.20	0.21	0.27	0.22	0.21
Total Assets	3,091.27M	2,775.00M	2,908.81M	3,227.08M	3,002.67M
Total liabilities	1,304.27M	1,254.41M	1,507.15M	1,999.27M	1,730.12M
Total equity	1,774.42M	1,506.20M	1,400.34M	1,226.40M	1,271.27M
Operating cash flow	331.17M	100.04M	135.69M	181.04M	447.29M

Valuation Measures

Dec 2021
PER	49.63
ROA	2.76%
ROE	6.88%
Operating margin	5.22%
Profit margin	2.32%

Key executives

President, CEO, COO & Representative Director: Yasuhito Hirota
Senior Manager-Finance & Accounting: Koji Hayashi
Managing Executive Officer: Shinji Senda
Managing Executive Officer: Naoki Matsushita
Managing Executive Officer: Tsuyoshi Nishiwaki

Shareholders

JPMorgan Asset Management (Japan) Ltd. (4.8%)
Mitsubishi UFJ Financial Group, Inc. (4.1%)
ASICS Corp. (3.5%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.4%)
Sumitomo Mitsui Financial Group, Inc. (3.4%)
Nikko Asset Management Co., Ltd. (3.2%)
Nippon Life Insurance Co. (2.9%)
Nomura Asset Management Co., Ltd. (2.8%)
Asset Management One Co., Ltd. (2.8%)
The Vanguard Group, Inc. (2.1%)

Contact Details

Website:http://www.asics.co.jp
Address: 7-1-1 Minatojima Nakamachi, Chuo-Ku, Kobe, 650-8555, Japan
Phone: +81.78.303.2231

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Competitors

NIKE, Inc. Class B
361 Degrees International Ltd.
On Holding AG Class A
Fox-Wizel Ltd.

Last Updated on 20 May, 2022