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Asics Corporation (JP:7936)
:7936
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Asics (7936) AI Stock Analysis

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JP:7936

Asics

(OTC:7936)

Rating:72Outperform
Price Target:
¥4,088.00
▲(8.32%Upside)
The overall stock score for Asics is driven by its strong financial performance and robust technical indicators, suggesting a well-managed company with a healthy growth trajectory. However, the relatively high P/E ratio raises concerns about overvaluation, which could limit the upside potential. The lack of recent earnings call and corporate events data means these factors do not influence the score.

Asics (7936) vs. iShares MSCI Japan ETF (EWJ)

Asics Business Overview & Revenue Model

Company DescriptionASICS 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, ASICSTIGER, and Onitsuka Tiger brands through 989 retail stores, as well as through online. ASICS Corporation was founded in 1949 and is headquartered in Kobe, Japan.
How the Company Makes MoneyASICS generates revenue primarily through the sale of its athletic footwear and apparel. The company operates through both direct-to-consumer channels, such as owned retail stores and e-commerce platforms, and wholesale channels, supplying products to a wide range of third-party retail partners globally. Key revenue streams include sales of performance-oriented footwear, which is a significant contributor, followed by sports apparel and accessories. ASICS invests heavily in research and development to innovate its product offerings, which helps sustain its competitive edge. The company also engages in strategic partnerships and sponsorships with athletes and sports events to enhance brand visibility and drive sales.

Asics Financial Statement Overview

Summary
Asics exhibits excellent financial performance characterized by strong revenue and profit growth, efficient operations, and robust cash flows. The strategic management of costs and capital has resulted in improved profitability and financial stability. With a balanced capital structure and strong equity base, Asics is well-positioned for future growth.
Income Statement
85
Very Positive
Asics shows robust financial performance with a strong revenue growth of 18.93% from 2023 to 2024 and a consistent upward trend since 2020. The gross profit margin for 2024 stands at 55.84%, showcasing effective cost management. The net profit margin has improved significantly to 9.40%, indicating enhanced profitability. EBIT and EBITDA margins are also solid at 14.76% and 17.89%, respectively, reflecting operational efficiency. Overall, the income statement reflects strong growth and profitability.
Balance Sheet
78
Positive
The company's financial health is stable with a debt-to-equity ratio of 0.50 in 2024, suggesting a balanced capital structure. The equity ratio is 44.95%, indicating a strong equity base relative to total assets. Return on equity has improved to 27.35%, showcasing effective utilization of shareholder funds. The balance sheet reflects a solid financial position with manageable leverage and strong equity.
Cash Flow
82
Very Positive
Asics demonstrates strong cash flow generation with a free cash flow growth of 25.13% from 2023 to 2024. The operating cash flow to net income ratio is 1.64, indicating healthy cash generation relative to profit. The free cash flow to net income ratio is 1.46, underscoring efficient cash conversion. Overall, the cash flow statement indicates strong cash generation capabilities and effective capital management.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue678.53B570.46B484.60B404.13B328.90B
Gross Profit378.88B280.71B240.71B199.88B152.86B
EBITDA121.35B72.54B47.78B30.19B-374.00M
Net Income63.81B35.27B19.89B9.40B-16.13B
Balance Sheet
Total Assets518.99B464.12B425.07B345.77B333.18B
Cash, Cash Equivalents and Short-Term Investments127.02B114.00B67.38B96.30B81.47B
Total Debt117.28B132.12B139.80B110.47B123.00B
Total Liabilities284.06B257.32B252.34B199.24B206.42B
Stockholders Equity233.29B205.08B170.91B146.39B126.62B
Cash Flow
Free Cash Flow93.18B74.45B-32.90B39.52B10.17B
Operating Cash Flow104.61B90.09B-21.43B49.15B19.33B
Investing Cash Flow-7.56B-4.64B-14.48B-10.17B-9.63B
Financing Cash Flow-84.32B-40.25B2.31B-25.97B31.34B

Asics Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3774.00
Price Trends
50DMA
3522.08
Positive
100DMA
3317.99
Positive
200DMA
3192.70
Positive
Market Momentum
MACD
45.82
Positive
RSI
58.12
Neutral
STOCH
71.53
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 3774 is above the 20-day moving average (MA) of 3664.25, above the 50-day MA of 3522.08, and above the 200-day MA of 3192.70, indicating a bullish trend. The MACD of 45.82 indicates Positive momentum. The RSI at 58.12 is Neutral, neither overbought nor oversold. The STOCH value of 71.53 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

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
¥178.17B13.20
2.20%10.09%33.99%
76
Outperform
¥225.74B14.1410.07%1.39%4.62%6.48%
72
Outperform
¥287.60B17.62
1.75%20.12%69.12%
72
Outperform
¥2.64T37.8329.51%0.58%20.34%52.96%
68
Neutral
$265.65B24.5216.08%0.39%18.75%20.42%
65
Neutral
¥7.71B11.01
2.90%-0.73%63.91%
63
Neutral
kr10.99B18.194.75%3.04%1.50%-15.50%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:7936
Asics
3,730.00
1,452.99
63.81%
JP:7867
Tomy Company, Ltd.
3,159.00
22.14
0.71%
JP:7938
Regal Corporation
2,420.00
-276.08
-10.24%
JP:8050
SEIKO GROUP CORPORATION
4,270.00
41.87
0.99%
JP:7906
Yonex Co
3,005.00
905.09
43.10%
JP:8022
Mizuno
2,847.00
407.33
16.70%

Asics Corporate Events

ASICS Reports Strong Q2 Sales Growth in Japan, Boosted by Onitsuka Tiger
Jul 7, 2025

ASICS Corporation reported a significant increase in net sales for the second quarter of 2025 in Japan, with a notable surge in sales of its Onitsuka Tiger brand, especially among inbound tourists. This growth highlights the brand’s strong market presence and appeal to tourists, suggesting a positive impact on ASICS’s overall market positioning and potential for future expansion.

The most recent analyst rating on (JP:7936) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Asics stock, see the JP:7936 Stock Forecast page.

ASICS Completes Treasury Share Disposal with No Impact on Earnings Forecast
Jun 27, 2025

ASICS Corporation has completed the payment procedures for the disposal of treasury shares as part of a Restricted Share Incentive program. The number of shares disposed of was reduced due to partial forfeiture by some employees, but this change will not affect the company’s earnings forecast for the fiscal year ending December 2025.

The most recent analyst rating on (JP:7936) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Asics stock, see the JP:7936 Stock Forecast page.

ASICS Completes Treasury Share Repurchase
May 28, 2025

ASICS Corporation announced the completion of its treasury share repurchase program, acquiring 679,400 shares at a total cost of JPY 2,263,374,100. This move is part of a broader strategy approved by the Board of Directors to buy back up to 7,000,000 shares, aimed at enhancing shareholder value and optimizing capital structure.

The most recent analyst rating on (JP:7936) stock is a Buy with a Yen3100.00 price target. To see the full list of analyst forecasts on Asics stock, see the JP:7936 Stock Forecast page.

ASICS Corporation Reports Strong Q1 2025 Financial Performance
May 15, 2025

ASICS Corporation reported a strong financial performance for the first quarter of 2025, with net sales increasing by 19.7% and operating profit rising by 31.6% compared to the previous year. The company’s strategic initiatives and market positioning have contributed to this growth, reflecting positively on its financial health and stakeholder confidence.

The most recent analyst rating on (JP:7936) stock is a Buy with a Yen3120.00 price target. To see the full list of analyst forecasts on Asics stock, see the JP:7936 Stock Forecast page.

ASICS Corporation Reports Progress on Treasury Share Repurchase
May 1, 2025

ASICS Corporation announced the progress of its treasury share repurchase, initially resolved by the Board of Directors in February 2025. As of April 30, 2025, the company has repurchased 5,836,100 shares for a total of JPY 17,736,553,300, indicating a strategic move to enhance shareholder value and optimize capital structure.

ASICS Shifts Share Incentive Scheme to Individual Employees
Apr 25, 2025

ASICS Corporation announced a change in its Restricted Share Incentive Scheme, shifting the allotment of shares from the Employee Shareholding Association to individual employees. This move aims to align employees’ interests with shareholders by allowing them to directly participate in management as shareholders, thereby promoting value sharing and enhancing corporate value.

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.Date of analysis: Jun 28, 2025