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Asics
(7936)
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Rating:77Outperform
Price Target:
¥5,050.00
▲(9.76% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial performance—meaningful margin expansion and robust free-cash-flow generation—supported by a positive technical uptrend. These strengths are partially offset by a higher P/E and low dividend yield, which reduce valuation support.
Positive Factors
Margin expansion
ASICS has materially improved profitability through its turnaround, with higher gross and net margins indicating stronger operating leverage and earnings quality. If maintained, this margin base can support reinvestment, resilience, and stronger profit generation over the next several quarters.
Negative Factors
Revenue growth moderation
The sharp slowdown from 2024 to 2025 suggests that the exceptional expansion phase may be normalizing. Slower top-line growth could reduce operating leverage, constrain the pace of earnings improvement, and make continued margin gains more dependent on execution and cost discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin expansion
ASICS has materially improved profitability through its turnaround, with higher gross and net margins indicating stronger operating leverage and earnings quality. If maintained, this margin base can support reinvestment, resilience, and stronger profit generation over the next several quarters.
Read all positive factors
Asics (7936) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.27T
Dividend Yield0.74%
Average Volume (3M)4.09M
Price to Earnings (P/E)27.2
Beta (1Y)1.15
Revenue Growth27.53%
EPS Growth70.61%
CountryJP
Employees9,455
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)179.04
Shares Outstanding709,482,240
10 Day Avg. Volume4,074,980
30 Day Avg. Volume4,087,530
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)9.88
Price to Sales (P/S)3.31
P/FCF Ratio28.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥6,000.00Price Target Upside30.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)179.66
Revenue Forecast (FY)¥1.04T
Asics Business Overview & Revenue Model
Company Description
ASICS Corporation develops and distributes athletic merchandise across a global operational scope, encompassing Japan, the Americas, Europe, Oceania, and both Southeast and South Asia. Their offerings include a comprehensive selection of athletic ...
How the Company Makes Money
ASICS makes money primarily by selling branded sporting goods—most notably athletic footwear—through a multi-channel distribution model.
1) Core revenue streams
- Footwear sales: The largest driver of revenue is the sale of athletic shoes, partic...
Asics Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 942.60B | 810.92B | 678.53B | 570.46B | 484.60B | 404.08B |
| Gross Profit | 508.99B | 435.69B | 378.88B | 296.90B | 240.71B | 199.88B |
| EBITDA | 214.14B | 169.72B | 121.35B | 71.33B | 50.30B | 35.88B |
| Net Income | 127.28B | 98.72B | 63.81B | 35.27B | 19.89B | 9.40B |
Balance Sheet | ||||||
| Total Assets | 679.38B | 586.48B | 518.99B | 464.12B | 425.07B | 345.77B |
| Cash, Cash Equivalents and Short-Term Investments | 141.43B | 112.27B | 127.02B | 114.00B | 67.38B | 96.30B |
| Total Debt | 101.03B | 98.53B | 117.28B | 132.12B | 139.80B | 110.47B |
| Total Liabilities | 318.95B | 313.12B | 284.05B | 257.31B | 252.33B | 199.23B |
| Stockholders Equity | 358.89B | 271.76B | 233.29B | 205.08B | 170.91B | 146.39B |
Cash Flow | ||||||
| Free Cash Flow | 105.53B | 93.49B | 93.40B | 84.84B | -24.87B | 45.84B |
| Operating Cash Flow | 122.33B | 109.91B | 104.83B | 90.14B | -21.43B | 49.15B |
| Investing Cash Flow | -29.14B | -29.41B | -7.77B | -4.84B | -14.48B | -10.17B |
| Financing Cash Flow | -86.50B | -105.88B | -84.32B | -40.10B | 2.31B | -25.97B |
Asics Technical Analysis
Positive
4601.00
Price Trends
4471.20
Positive
4543.83
Positive
4427.19
Positive
Market Momentum
141.49
Negative
67.45
Neutral
81.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7936, the sentiment is Positive. The current price of 4601 is above the 20-day moving average (MA) of 4488.15, above the 50-day MA of 4471.20, and above the 200-day MA of 4427.19, indicating a bullish trend. The MACD of 141.49 indicates Negative momentum. The RSI at 67.45 is Neutral, neither overbought nor oversold. The STOCH value of 81.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7936.
Asics Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥746.82B | 15.58 | 12.02% | 2.65% | 4.50% | 5.25% | |
77 Outperform | ¥3.27T | 27.16 | 41.73% | 0.74% | 27.53% | 70.61% | |
72 Outperform | ¥510.82B | 8.26 | 8.66% | 4.32% | 4.82% | ― | |
71 Outperform | ¥345.15B | 17.17 | 11.46% | 1.55% | 9.85% | 30.70% | |
71 Outperform | ¥1.60T | 27.67 | 6.75% | 1.89% | 0.93% | 63.95% | |
68 Neutral | ¥205.92B | 15.09 | 17.01% | 1.14% | 15.09% | 12.17% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
JP:7936
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Asics Corporate Events
ASICS Advances ¥70 Billion Share Buyback, Repurchases 4.2 Million Shares
Oct 1, 2026
ASICS has reported progress on its ongoing share repurchase program, authorized by a September 9, 2026 board resolution under Japan’s Companies Act. Between September 10 and September 30, the company bought back 4,199,400 common shares on th...
ASICS Launches ¥70 Billion Share Buyback and Treasury Share Cancellation
Sep 9, 2026
ASICS Corporation’s board has approved a share repurchase of up to 20,000,000 common shares, representing 2.82% of outstanding stock, with a maximum outlay of ¥70 billion between September 10, 2026 and March 31, 2027 via purchases on th...
ASICS to Liquidate Trading Subsidiary in Global Walking Strategy Overhaul
Aug 14, 2026
ASICS Corporation is a Japan-based sporting goods manufacturer best known for its performance and lifestyle footwear, particularly running and walking shoes, along with related apparel. The company operates globally, with a strong presence in the ...
ASICS Lifts 2026 Earnings Outlook to Record Levels and Raises Dividend Payout
Aug 14, 2026
ASICS has sharply raised its consolidated forecast for the year ending Dec. 31, 2026, projecting record net sales of ¥1.05 trillion and record profits after strong first-half trading and robust momentum in Onitsuka Tiger in Japan and SportSty...
ASICS Delivers Strong First-Half Results and Lifts 2026 Dividend, Profit Outlook
Aug 14, 2026
ASICS reported strong interim results for the six months ended June 30, 2026, with net sales rising 32.7% year-on-year to ¥534.5 billion and operating profit up 48.5% to ¥120.5 billion. Profit attributable to owners of the parent surged ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.