TYO:7936

3 stories mentioning TYO:7936Updated just now

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ASICS Opens European Sports Science Institute

ASICS (TYO:7936) has established the ASICS Institute of Sport Science Europe to bolster its research and development capabilities in the region, according to a company statement on Tuesday.The Japanese sports apparel maker also partnered with HumanFab, a sports science research center, to expand its athlete testing and innovation capabilities in Europe. The collaboration will initially focus on advancing tennis performance research and product development.

TYO:7936

Asia6d ago

Asics Board Approves Absorption-Type Split for Onitsuka Tiger Business

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.

TYO:7936

Asia34d ago

Asics' Profit Surges 47% in Q1

Asics' (TYO:7936) profit attributable to owners of the parent jumped 47% to 46.6 billion yen for the first quarter from 31.6 billion yen a year earlier.The sports equipment manufacturer's earnings per share increased to 65.66 yen from 44.20 yen a year ago, according to a Tokyo bourse filing on Wednesday.Net sales jumped nearly 30% to 270.3 billion yen for the three months ended March 31 from 208.3 billion yen in the prior-year period.For the year ending Dec. 31, the company expects attributable profit of 110 billion yen, basic EPS of 153.91 yen, and net sales of 950 billion yen.Asics plans to pay interim and year-end dividends of 18.00 yen and 20.00 yen per share, respectively, for the year, which is higher than the amount paid in the year-ago period.

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