Asics Corporation Stock Performance and Industry Insights

Asics Corporation has consistently delivered strong financial results, with a 10-year average annual revenue growth rate of 6.8%. This impressive track record is a testament to the company's market leadership and brand recognition.

The sportswear industry is highly competitive, with major players like Nike and Adidas vying for market share. However, Asics has managed to maintain a strong presence, thanks to its focus on innovative product design and high-quality manufacturing.

Asics has a diverse product portfolio, including running shoes, apparel, and equipment. The company's popular Gel-Kayano and Gel-Nimbus shoe lines are particularly popular among runners and athletes.

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In 2023, ASICS's revenue reached 570.46 billion, a notable increase of 17.72% compared to the previous year's 484.60 billion.

The company's earnings also saw a significant growth, reaching 35.27 billion, an impressive increase of 77.36% from the previous year.

ASICS's sales have been steadily increasing over the years, with a 19.91% growth in 2022 and a 22.87% growth in 2021.

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Here's a breakdown of ASICS's sales growth over the past few years:

Note that the growth rate in sales has been positive in recent years, indicating a strong performance by the company.

In terms of gross profit on sales, ASICS saw a 24.65% increase in 2023, reaching 280.71 billion.

The company's operating income also saw a significant growth, reaching 54.09 billion in 2023, a 59.67% increase from the previous year.

Overall, ASICS's financial performance has been strong in recent years, with increasing revenue, earnings, and gross profit on sales.

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Asics Corporation has some big-name competitors in the sports and outdoor footwear industry. Li Ning Co Ltd, Under Armour Inc Class A, Puma SE, and Nike Inc Class B are some of the notable players in the market.

In terms of market capitalization, Asics Corporation's competitors range from $3.82 billion to $113 billion. This is a significant difference, highlighting the varying sizes of companies in the industry.

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Here's a list of some of Asics Corporation's main competitors:

On average, the competitors in the industry have seen a 42.07% increase in market capitalization over the past three years, with a weighted average of 22.42% when adjusted for market capitalization.

ASICS Corporation reported a significant increase in revenue in 2023, reaching 570.46 billion, a 17.72% growth compared to the previous year.

The company's earnings also saw a substantial boost, reaching 35.27 billion, an increase of 77.36% from the previous year. This indicates a strong financial performance for ASICS.

Here's a breakdown of ASICS' revenue growth over the past few years:

ASICS' revenue growth has been consistent over the past few years, with the company experiencing a significant increase in sales in 2023.

In 2023, ASICS's revenue was 570.46 billion, an increase of 17.72% compared to the previous year's 484.60 billion.

The company's earnings were 35.27 billion, an increase of 77.36% from the previous year. This significant growth is a testament to ASICS's strong financial performance.

ASICS's gross profit on sales was 280,711.00 million JPY in 2023, a 24.65% increase from the previous year. This increase in gross profit is a result of the company's ability to maintain a high sales volume while controlling costs.

The company's operating income was 54,092.00 million JPY in 2023, a 59.67% increase from the previous year. This significant increase in operating income is a result of the company's ability to manage its expenses effectively.

ASICS's income before tax was 50,572.00 million JPY in 2023, a 76.19% increase from the previous year. This increase in income before tax is a result of the company's ability to generate strong revenue while controlling costs.

The company's income after tax was 35,272.00 million JPY in 2023, a 77.36% increase from the previous year. This significant increase in income after tax is a result of the company's ability to manage its expenses effectively.

Here is a table showing ASICS's revenue and earnings estimates for the next few quarters:

ASICS has a dividend history, with the company paying out 16.25 million JPY in 2023, a yield of 1.47%. The company has consistently paid out a dividend, with the exception of 2014 when the dividend was 4.25 million JPY.

The balance sheet is a snapshot of a company's financial health at a specific point in time. It's a crucial tool for investors and analysts to evaluate a company's financial situation.

Total liabilities have been steadily increasing over the years, reaching a high of 257,312.00 JPY in 2023. This is a significant increase from 2017, when total liabilities were at 146,927.00 JPY.

The equity ratio is a key metric that indicates the proportion of a company's assets that are financed by shareholders. In 2023, the equity ratio was 44.56%, indicating that approximately 44.56% of the company's assets were financed by shareholders.

Here's a breakdown of the company's equity ratio over the years:

The debt ratio, on the other hand, has been fluctuating over the years. In 2023, the debt ratio was 55.44%, indicating that approximately 55.44% of the company's assets were financed by debt.

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The majority of ASICS Corporation stock is held by freefloat investors, with 81.06% of the shares available for public trading.

The largest shareholder of ASICS Corporation is the freefloat, holding 81.06% of the shares.

ASICS Corporation itself holds a significant stake, with 5.76% of the shares.

A few notable institutional investors hold a substantial portion of the company's stock. Nomura Asset Management Co., Ltd. owns 4.76% of the shares, while JPMorgan Asset Management (Japan) Ltd. owns 3.44%.

Other major shareholders include Sumitomo Mitsui Financial Group, Inc., Sumitomo Mitsui Trust Asset Management Co., Ltd., Nippon Life Insurance Co., and BlackRock Fund Advisors.

Here's a breakdown of the top shareholders of ASICS Corporation:

BlackRock Fund Advisors and Mitsubishi UFJ Financial Group, Inc. also hold notable stakes in the company, owning 2.69% and 2.63% of the shares, respectively.

Asics Corporation's valuation is a topic of interest for investors. The company's market capitalization is around 2.441 trillion yen, with a price-to-earnings (P/E) ratio of 38.5x in 2024.

The P/E ratio is expected to decrease to 31.8x in 2025, indicating a slight decrease in valuation. The enterprise value (EV) to sales ratio also shows a decrease from 3.56x in 2024 to 3.22x in 2025.

Analysts' recommendations are also worth considering. Nomura has adjusted Asics' price target multiple times, with the latest being 9,200 yen from 7,200 yen, keeping the recommendation at Buy. Morgan Stanley also has a price target of 7,500 yen, with an Overweight recommendation.

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Asics' valuation has been a topic of interest, with its market capitalization reaching 2,441 billion yen. This is a significant number, but what does it mean for investors?

The company's P/E ratio for 2024 was 38.5x, which is a relatively high multiple. This could indicate that the market is optimistic about Asics' future growth prospects, but it also means that the stock may be overvalued.

Asics' P/E ratio for 2025 is expected to be 31.8x, which is still a relatively high multiple. However, this could be a sign that the market is starting to come back down to earth and reassess the company's valuation.

Here's a summary of Asics' valuation metrics:

It's worth noting that Asics' EV/Sales ratio has decreased from 3.56x in 2024 to 3.22x in 2025, which could be a sign that the company's valuation is becoming more reasonable.

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Nomura has been actively following ASICS Corporation, adjusting their price target multiple times. For instance, in May 2023, Nomura adjusted the price target to 9,200 yen from 7,200 yen, while keeping the recommendation at Buy.

Nomura also upgraded ASICS to Buy from Neutral in August 2023, increasing the price target to 5,900 yen from 3,500 yen.

Morgan Stanley joined in with a recommendation of Overweight, adjusting the price target to 7,500 yen from 6,400 yen in March 2023.

Nomura has also made adjustments to the price target in the past, such as in March 2023, when they adjusted it to 7,200 yen from 6,300 yen, and in December 2022, when they adjusted it to 3,500 yen from 2,800 yen, while keeping the recommendation at Neutral.

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ASICS Corporation has been making headlines with various announcements. ASICS Corporation has completed its share repurchase program.

The company has also revised its consolidated earnings guidance for the fiscal year ending December 31, 2024. This guidance was announced on November 7, 2024.

ASICS Corporation has made significant changes to its equity buyback plan. The plan was announced on August 13, 2024, and has since closed, with 7,566,300 shares being repurchased for ¥19,999.89 million.

Here is a summary of the key events:

Asics Corporation has a rich history that spans over a century. Founded in 1949 by Kihachiro Onitsuka, the company started as a small manufacturer of basketball shoes in Japan.

In 1966, Asics introduced its first running shoe, the Onitsuka Tiger, which became a huge success. This marked the beginning of the company's focus on athletic footwear.

Asics went public in 1977, listing its shares on the Tokyo Stock Exchange. This move provided the company with the necessary funds to expand its operations and invest in new technologies.

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In 2013, ASICS Trading Co., Ltd. issued stock options as compensation to its directors and executive officers on August 6th.

The company also amended its forecast for consolidated business results for the fiscal second quarter ended September 30, 2013, on August 5th.

A tender offer for shares of ASICS Trading Co., Ltd. was announced on November 6th, with a notice of results issued on December 19th.

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The company introduced stock options as compensation on May 17th, and allotment of stock options was made on July 19th.

The 59th Ordinary General Meeting of Shareholders was held on May 31st, where shareholders likely discussed the company's performance and future plans.

The company amended its forecast for consolidated business results for FY2013 on February 5th, and also provided a forecast of non-consolidated business results for FY2013.

Here's a list of key events that took place in 2013:

In 2018, ASICS Corporation made several key announcements that shaped the company's direction.

A major development was the unveiling of the "Action Plan" for the Five-Year Strategic Plan on August 3rd. This plan aimed to guide the company's growth and progress over the next five years.

On November 2nd, the company issued a notice concerning the amendment to the forecast of consolidated business results. This update provided investors with a revised outlook on the company's financial performance.

The company also made significant changes to its leadership team, with a notice of change in representative director, directors, and audit & supervisory board members issued on January 23rd.

Here are some key dates from 2018: