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Asics Board Approves Absorption-Type Split for Onitsuka Tiger Business

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Asics' (TYO:7936) wholly owned subsidiary, OT GROUP Corporation, will succeed its Onitsuka Tiger brand business through an absorption-type company split, effective Jan. 1, 2027, according to a Tokyo bourse filing on Wednesday.

The sports equipment manufacturer acknowledged media reports of separation and said that the board approved the plan the same day, and the split agreement is scheduled to be executed on Oct. 1.

The split, subject to shareholder approval on Nov. 16, is expected to give the business a more independent operating structure with faster decision-making, strengthening its governance framework.

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