Asics Corporation (JP:7936)
:7936
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Asics
(7936)
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Rating:73Outperform
Price Target:
¥4,634.00
▲(24.47% Upside)
Action:Upgraded
Date:02/18/26
The score is driven primarily by strong financial performance (profitability expansion and robust free cash flow). This is tempered by a stretched technical setup (overbought momentum signals) and a relatively expensive valuation (high P/E and low dividend yield).
Positive Factors
Margin Expansion
Sustained gross and net margin expansion across 2021–2024 indicates stronger pricing power, better product/mix execution and operating leverage. Durable margins support higher earnings power and resilience to cost swings, improving long-term cash generation and reinvestment capacity.
Negative Factors
Slowing Revenue Growth
A step-down to mid-single-digit revenue growth after an outsized recovery suggests normalization and a tougher growth runway. Slower top-line expansion can limit future operating leverage benefits and puts pressure on sustaining recent margin and cash-flow improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Expansion
Sustained gross and net margin expansion across 2021–2024 indicates stronger pricing power, better product/mix execution and operating leverage. Durable margins support higher earnings power and resilience to cost swings, improving long-term cash generation and reinvestment capacity.
Read all positive factors
Asics (7936) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.38T
Dividend Yield0.56%
Average Volume (3M)4.17M
Price to Earnings (P/E)28.9
Beta (1Y)1.40
Revenue Growth22.47%
EPS Growth66.82%
CountryJP
Employees8,987
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)159.55
Shares Outstanding734,482,240
10 Day Avg. Volume2,956,680
30 Day Avg. Volume4,169,013
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
¥6,100.00Price Target Upside63.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)170
Revenue Forecast (FY)¥975.18B
Asics Business Overview & Revenue Model
Company Description
ASICS Corporation manufactures and sells sports goods in Japan, the Americas, Europe, Oceania, Southeast and South Asia, and internationally. It offers sports shoes, apparel, and equipment. The company sells its products under the ASICS, ASICSTIGE...
How the Company Makes Money
ASICS makes money primarily by selling branded sporting goods—especially athletic footwear—along with apparel and sports accessories/equipment. Revenue is generated through a mix of (1) wholesale sales to third-party retailers and distributors (e....
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 | 872.87B | 810.92B | 678.53B | 570.46B | 484.60B | 404.08B |
| Gross Profit | 470.37B | 435.69B | 378.88B | 296.90B | 240.71B | 199.88B |
| EBITDA | 187.62B | 168.44B | 121.35B | 71.33B | 50.30B | 35.88B |
| Net Income | 113.64B | 98.72B | 63.81B | 35.27B | 19.89B | 9.40B |
Balance Sheet | ||||||
| Total Assets | 640.10B | 586.48B | 518.99B | 464.12B | 425.07B | 345.77B |
| Cash, Cash Equivalents and Short-Term Investments | 119.39B | 112.27B | 127.02B | 114.00B | 67.38B | 96.30B |
| Total Debt | 134.35B | 98.53B | 117.28B | 132.12B | 139.80B | 110.47B |
| Total Liabilities | 322.22B | 313.12B | 284.05B | 257.31B | 252.33B | 199.23B |
| Stockholders Equity | 316.34B | 271.76B | 233.29B | 205.08B | 170.91B | 146.39B |
Cash Flow | ||||||
| Free Cash Flow | 77.47B | 93.49B | 93.40B | 84.84B | -24.87B | 45.84B |
| Operating Cash Flow | 95.33B | 109.91B | 104.83B | 90.14B | -21.43B | 49.15B |
| Investing Cash Flow | -27.16B | -29.41B | -7.77B | -4.84B | -14.48B | -10.17B |
| Financing Cash Flow | -72.82B | -105.88B | -84.32B | -40.10B | 2.31B | -25.97B |
Asics Technical Analysis
Positive
3723.00
Price Trends
4488.86
Positive
4348.69
Positive
4099.49
Positive
Market Momentum
58.34
Negative
56.83
Neutral
72.99
Neutral
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 3723 is below the 20-day moving average (MA) of 4588.15, below the 50-day MA of 4488.86, and below the 200-day MA of 4099.49, indicating a bullish trend. The MACD of 58.34 indicates Negative momentum. The RSI at 56.83 is Neutral, neither overbought nor oversold. The STOCH value of 72.99 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥651.73B | 13.68 | 12.11% | 2.68% | 1.73% | 2.18% | |
73 Outperform | ¥3.38T | 28.87 | 34.14% | 0.56% | 22.47% | 66.82% | |
69 Neutral | ¥546.96B | 9.58 | 4.89% | 2.59% | 1.09% | ― | |
68 Neutral | ¥258.17B | 13.04 | 10.61% | 1.81% | 7.78% | 20.67% | |
63 Neutral | ¥1.42T | 37.51 | 5.92% | 1.93% | 1.37% | -38.81% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥205.05B | 16.25 | 15.93% | 0.72% | 18.35% | 15.11% |
* Consumer Cyclical Sector Average
JP:7936
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Asics Corporate Events
ASICS Grants Restricted Stock Units to Non-Resident Executives and Overseas Staff
Feb 13, 2026
ASICS has approved the grant of restricted stock units under a stock compensation plan for non-resident executive officers and eligible employees, following a Board resolution that introduced the scheme in late 2025. The initial allocation covers ...
ASICS Grants Restricted Treasury Shares to Employees in Low-Dilution Incentive Plan
Feb 13, 2026
ASICS has approved the disposal of 55,413 treasury shares as transfer-restricted stock to 107 eligible employees of the parent company and subsidiary ASICS Japan Corp., with a total disposal value of about ¥224.5 million. The plan, tied to fi...
ASICS Delivers Strong 2025 Earnings and Lifts Dividend as It Targets Further Growth in 2026
Feb 13, 2026
ASICS reported robust results for the fiscal year ended December 31, 2025, with net sales rising 19.5% to ¥810.9 billion and operating profit jumping 42.4% to ¥142.5 billion, lifting profit attributable to owners of the parent by 54.7% t...
ASICS to Grant Performance-Linked Restricted Shares to Management
Feb 13, 2026
ASICS has approved the disposal of 207,108 treasury shares as performance-linked restricted share compensation to two directors and 14 executive officers for fiscal 2025, valued at a total of ¥839.2 million. The shares, issued at ¥4,052 ...
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.