Asics (7936) AI Stock Analysis

• Market Cap: $2.58T
• Dividend Yield: 0.65%
• Average Volume (3M): 4.29M
• Price to Earnings (P/E): 38.6
• Beta (1Y): 1.53
• Revenue Growth: 20.34%
• EPS Growth: 52.96%
• Country: JP
• Employees: 8,987
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 44.26
• Shares Outstanding: 734,482,240
• 10 Day Avg. Volume: 4,177,520
• 30 Day Avg. Volume: 4,292,773
• PEG Ratio: 0.06
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $4,100.50
• Price Target Upside: 13.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: ¥4,088.00 ▲(12.77%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 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, 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 Money

ASICS generates revenue through the sale of its athletic footwear, apparel, and accessories across a global market. The company primarily makes money from its extensive range of performance and lifestyle products sold through various channels, including owned retail stores, online platforms, and third-party retailers. Key revenue streams for ASICS include direct-to-consumer sales and wholesale distribution. The company's earnings are bolstered by its strong brand reputation, ongoing investments in research and development for product innovation, and strategic marketing partnerships with athletes and sports organizations. ASICS also benefits from its global presence, with significant sales contributions from markets in Asia, North America, and Europe.

Asics Financial Statement Overview

Summary

Asics exhibits excellent financial performance characterized by strong revenue and profit growth, efficient operations, and robust cash flows. The company's 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 and resilience in the Apparel - Footwear & Accessories industry.

Income Statement

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	712.74B	678.53B	570.46B	484.60B	404.13B	328.90B
Gross Profit	389.86B	378.88B	280.71B	240.71B	199.88B	152.86B
EBITDA	133.36B	121.35B	72.54B	47.78B	30.19B	-374.00M
Net Income	68.72B	63.81B	35.27B	19.89B	9.40B	-16.13B
Balance Sheet
Total Assets	513.94B	518.99B	464.12B	425.07B	345.77B	333.18B
Cash, Cash Equivalents and Short-Term Investments	113.55B	127.02B	114.00B	67.38B	96.30B	81.47B
Total Debt	120.52B	117.28B	132.12B	139.80B	110.47B	123.00B
Total Liabilities	274.88B	284.06B	257.32B	252.34B	199.24B	206.42B
Stockholders Equity	237.50B	233.29B	205.08B	170.91B	146.39B	126.62B
Cash Flow
Free Cash Flow	1.27B	93.18B	74.45B	-32.90B	39.52B	10.17B
Operating Cash Flow	3.45B	104.61B	90.09B	-21.43B	49.15B	19.33B
Investing Cash Flow	-5.38B	-7.56B	-4.64B	-14.48B	-10.17B	-9.63B
Financing Cash Flow	-11.18B	-84.32B	-40.25B	2.31B	-25.97B	31.34B

Asics Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3625.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 3625 is above the 20-day moving average (MA) of 3486.01, above the 50-day MA of 3345.21, and above the 200-day MA of 3118.70, indicating a bullish trend. The MACD of 71.31 indicates Negative momentum. The RSI at 65.41 is Neutral, neither overbought nor oversold. The STOCH value of 91.51 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7936	72 Outperform	$2.58T	38.56	29.51%	0.65%	20.34%	52.96%
Sector *	62 Neutral	$16.65B	11.30	-7.38%	3.01%	1.59%	-23.30%
MIZUF		$1.46B	13.89	10.07%	0.01%	―	―
YONXF		$1.81B	21.08	16.08%	0.86%	―	―
8050	79 Outperform	¥178.79B	13.29		2.28%	10.09%	33.99%
7867	75 Outperform	¥296.83B	18.17		1.72%	20.12%	69.12%
7938	68 Neutral	¥7.76B	11.09		2.90%	-0.73%	63.91%

Asics Corporate Events

ASICS Completes Treasury Share Disposal with No Impact on Earnings Forecast

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

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

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

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

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.

ASICS Announces Treasury Share Disposal for Employee Incentive Scheme

ASICS Corporation has announced the disposal of 191,900 treasury shares as part of a Restricted Share Incentive Scheme for its Employee Shareholding Association. This initiative aims to benefit employees by allowing them to acquire transfer-restricted shares, thereby promoting personal asset building and aligning employee interests with shareholder value. The scheme is designed to enhance corporate value and encourage employee investment in the company’s future performance.