At its earnings briefing for the fiscal year ending December 2026, ASICS reported that interim net sales exceeded ¥500 billion for the first time and that its operating margin had sharply improved to 22.5%. The company significantly upgraded its full-year forecast and indicated that annual dividends were expected to increase to ¥44 per share.
In the second-quarter (interim) results for the fiscal year ending December 2026, net sales came to ¥534.4 billion, up 32.7% year on year, while underlying growth excluding foreign exchange effects was 22.0%. Operating income of ¥120.4 billion and net income of ¥82.1 billion also reached record highs. Sportstyle posted strong growth, Onitsuka Tiger continued to expand, and sales and profits increased across all categories and regions.
By category, Sportstyle stood out with growth of 83.0%, while Onitsuka Tiger grew 35.9% and the Walking operating margin improved to 17.4%. Improvements in the product mix and market penetration supported earnings growth. Growth was particularly strong in Europe and North America, where the North American operating margin improved by 6.2 percentage points to 20.1%.
The full-year forecast was significantly upgraded to net sales of ¥1.05 trillion, operating income of ¥195 billion and net income of ¥120 billion. Annual dividends are expected to increase to ¥44 per share. Financial strength also improved, as reflected in lower inventories, a higher equity ratio and record-high cash flow.
The impact of US tariffs was described as limited, and a $28 million refund has already been recognized. The spin-off of Onitsuka Tiger is scheduled for January 2027, while the strengthening of the digital platform and the announcement of the medium-term plan were expected to proceed as scheduled.