ASICS Corporation

¥4,858As of Sun 8 Nov 2026, 12:00 UTC

TSE:7936Consumer Disc

Country Japan

PE (Fwd) •••

TSR 10Y CAGR 25.66%

Div yield 0.99%

ROE 42.22%

Footwear & Accessories

Beta (5Y) 1.03

PE TTM 27.20

TSR TTM 24.27%

Mkt cap ¥3.322T

ROIC 41.84%

SE Grade™

Value

Quality

Moat

Consensus

Reference

¥6,133

26.24%

(32.71%)

Hold 7|10|1|12|3

TTM

FYE 31 Dec JPY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

67.30

Revenue¥B

416.2

423.7

426.6

427.2

447.9

468.9

480.2

493.9

510.8

534.1

71.03

3.58%

2.60%

9.19

Revenue growth%

17.56

14.59

14.26

11.28

9.29

8.92

11.40

9.77

8.01

10.68

29.99

9.77

10.98

15.18

Gross margin%

10.84

8.00

8.02

10.62

10.59

8.24

10.94

12.77

14.01

12.36

3.91

12.36

10.73

17.95

Operating margin%

22.93

22.31

24.34

26.02

26.31

24.15

25.22

24.19

22.82

20.84

14.32

24.15

24.17

23.81

Net margin%

8.04

10.33

7.40

8.45

8.05

6.10

8.29

8.12

9.14

6.96

17.08

8.12

8.08

8.920

P/E ratio (avg)x

45.10

47.53

52.69

52.33

60.50

60.40

68.46

75.13

90.21

103.6

16.51

75.13

60.45

25.35

EV/EBITx

30.81

34.11

38.26

43.13

46.21

45.53

49.89

47.72

55.36

55.31

37.31

49.89

45.87

13.51

FCF yield (avg)%

11.45

13.40

11.23

9.93

7.95

6.24

4.08

6.62

5.12

4.27

10.21

5.12

7.29

12.54

FCF margin%

11.16

9.47

10.94

13.81

14.67

13.44

10.76

10.54

9.34

9.47

3.46

10.54

10.85

0.835

FCF / Net incomex

1.447

1.536

1.779

1.957

2.118

2.040

2.019

2.116

2.179

2.105

0.803

2.105

2.029

19.36

ROIC%

17.10

16.51

15.33

15.95

13.05

14.64

15.06

17.60

17.95

18.76

2.97

17.60

16.23

25.97

Return on equity%

25.97

25.36

23.99

25.61

23.43

24.25

24.05

26.94

26.58

28.99

24.85

26.58

25.48

27.47

Return on assets%

24.25

25.24

23.14

21.72

23.05

21.69

21.13

23.02

24.50

25.51

20.58

23.02

23.09

720.47

EPS¥

449.26

431.18

402.76

410.82

463.95

454.37

476.97

442.67

475.32

461.66

767.61

(0.10%)

0.45%

—

17.86

EPS growth%

5.54

5.55

3.82

5.72

3.98

2.81

4.15

2.49

3.39

3.37

11.99

3.37

3.90

747.08

Bookvalue per sh¥

550.42

507.05

475.24

517.66

540.86

555.00

571.39

529.58

576.37

628.17

858.12

3.04%

0.72%

—

349.02

FCF per share¥

998.55

1,146

1,205

1,392

1,493

1,443

1,381

1,454

1,641

1,745

732.78

3.17%

7.28%

—

955.65

Dividend per sh¥

773.42

858.24

816.25

808.96

888.71

1,015

1,161

1,300

1,264

1,335

621.88

8.48%

5.13%

—

10.97

Div yield (avg)%

23.63

22.58

23.68

26.39

24.89

25.08

22.62

22.99

22.38

19.68

10.31

22.62

23.31

16.73

Payout ratio%

4.79

6.40

4.40

5.94

4.23

4.98

5.85

6.90

9.22

7.75

20.88

6.90

5.89

0.694

Shares (diluted)B

0.993

1.032

1.114

1.079

1.268

1.381

1.623

1.584

1.714

1.683

0.680

5.82%

6.95%

3.36

Buyback yield%

12.85

10.67

10.36

12.28

11.80

11.07

12.87

11.26

11.31

10.50

9.95

11.26

11.29

0.580

D/E ratiox

1.060

1.193

1.234

1.364

1.266

1.223

1.183

1.152

1.164

1.261

1.450

1.183

1.208

314.5

Enterprise value¥B

202.3

218.3

210.7

191.0

192.8

218.5

238.9

263.7

274.3

308.5

262.3

9.86%

4.32%

99.80

LT debt¥B

513.5

597.0

630.2

594.5

604.9

572.4

609.6

681.1

630.0

636.2

332.3

1.01%

2.52%

Peers (US$21.10B)

Cap (US$)

Seiko Group Corporation

4.665B

27.38x

Citizen Watch Co., Ltd.

2.903B

14.83x

Mizuno Corporation

2.033B

16.49x

Ralph Lauren Corporati…

22.26B

21.63x

Capital

TTM

10Y

Leveragex

1.616

0.150

0.105

EBIT/Intx

17.63

0.353

0.337

Own earn%

(62.59)

(18.87)

(19.84)

Sh yield%

14.33

34.25

34.87

Owners

Insiders/Inst%

6.01

79.43

Short interest%

3.81

SBC / revenue%

5.72

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

21–26

$1 testx

—

Incr. ROIC%

ASICS Corporation manufactures and sells sporting goods in Japan, North America, Europe, Greater China, Oceania, Southeast and South Asia, and internationally. The company provides sportswear and accessories; apparel; shoes for tennis, volleyball, basketball, and soccer; and running shoes. It sells its products under the ASICS and Onitsuka Tiger brands through retail stores, as well as online.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥534.1B

2.60%

1.00×

Cost of revenue

¥354.4B

2.94%

1.03×

Operating expenses

¥111.0B

2.19%

0.96×