ASICS released its consolidated results for the fiscal year ending December 2026 and set out a medium-term management plan to raise revenue to ¥1.5 trillion for the fiscal year ending December 2029. After the announcement, its share price temporarily fell in the Tokyo market.
In ASICS's consolidated results for the nine months ended September 2026, net income rose 33% year on year to ¥114.7 billion, while revenue increased 29% from the same period to ¥805.1 billion.
On the same day, the company announced a three-year medium-term management plan running through the fiscal year ending December 2029. It aims for revenue of ¥1.5 trillion for the fiscal year ending December 2029, up 43% from the plan for the fiscal year ending December 2026.
Under the medium-term plan, ASICS said it intends to raise ROE from the 39% target for the fiscal year ending December 2026 to 50% for the fiscal year ending December 2029, and plans to return approximately ¥400 billion to shareholders over the three years.
Following the earnings announcement, ASICS's share price temporarily fell 12% from the previous day's close on the Tokyo Stock Exchange.