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Ordinary profit increased 50.4 per cent to \u00a5139.3 billion, while profit attributable to owners of parent surged 54.7 per cent to \u00a598.7 billion. Operating margin improved to 17.6 per cent from 14.8 per cent a year earlier, as gross profit rose 21.6 per cent to \u00a5460.6 billion, supported by both higher sales and improved gross margin. On a currency-neutral basis, net sales grew 19.4 per cent and operating profit rose 42.2 per cent.<\/p>\n
ASICS has posted record FY25 results, with net sales up 19.5 per cent to \u00a5810.9 billion (~$5.29 billion) and operating profit rising 42.4 per cent to \u00a5142.5 billion (~$930 million), lifting margin to 17.6 per cent.
\nSportStyle and Onitsuka Tiger each topped \u00a5100 billion (~$653 million), while Europe and Japan drove regional gains.
\nCash fell on buybacks and debt repayment. <\/p>\n
Earnings per share (EPS) came in at \u00a5138.13 (diluted: \u00a5137.96), with return on equity at 39.1 per cent. The company reported growth across all categories, with SportStyle and Onitsuka Tiger each surpassing \u00a5100 billion (~$653 million) in net sales for the first time and both delivering growth of more than 40 per cent versus the previous fiscal, ASICS said in a press release.<\/p>\n
Performance Running remained the largest category, with net sales up 11.2 per cent to \u00a5363.5 billion and category profit rising 21.6 per cent to \u00a586 billion, driven by strength in Europe and Southeast and South Asia.<\/p>\n
Core Performance Sports delivered net sales growth of 9.4 per cent to \u00a586 billion and category profit growth of 18.9 per cent to \u00a516.8 billion, helped by an improved gross margin.<\/p>\n
Apparel and Equipment grew 10.5 per cent to \u00a542.1 billion, while category profit rose 36.9 per cent to \u00a55.9 billion, again reflecting margin improvement alongside higher sales.<\/p>\n
SportStyle was the standout on scale-up, with net sales jumping 43.6 per cent to \u00a5141.3 billion and category profit increasing 53.8 per cent to \u00a541.3 billion, supported by broad-based regional demand.<\/p>\n
Onitsuka Tiger recorded net sales growth of 43 per cent to \u00a5136.5 billion and category profit growth of 58.7 per cent to \u00a551.5 billion. The company expanded Onitsuka Tiger\u2019s presence in Europe, opening flagship stores in Barcelona, London, and Paris, as the brand works to establish itself as a Japanese luxury lifestyle label.<\/p>\n
Japan net sales rose 22.7 per cent to \u00a5204.2 billion, with segment profit surging 61.7 per cent to \u00a544.7 billion, supported by strong Performance Running and Onitsuka Tiger demand. It highlighted inbound tourist spending as a key driver, with inbound sales up 84 per cent.<\/p>\n
Europe posted net sales growth of 25.9 per cent to \u00a5225.8 billion, while segment profit increased 45.3 per cent to \u00a536.7 billion on strength across categories. Greater China net sales increased 19.9 per cent to \u00a5120.5 billion and segment profit rose 29.8 per cent to \u00a525.1 billion, supported by margin gains and broad-based demand.<\/p>\n
Southeast and South Asia grew 33.4 per cent to \u00a549.8 billion, with segment profit up 47.6 per cent to \u00a510.9 billion. The comapny opened its first ASICS flagship store in New Delhi in October. North America net sales rose 4.6 per cent to \u00a5141.2 billion, while segment profit jumped 42.1 per cent to \u00a516 billion.<\/p>\n
Oceania net sales rose 15.5 per cent to \u00a549.6 billion, while segment profit edged up 3.8 per cent to \u00a57.9 billion.<\/p>\n
Total assets increased 13 per cent to \u00a5586.5 billion as of December 31, 2025, while net assets rose 16.4 per cent to \u00a5273.4 billion, lifting the equity-to-asset ratio to 46.3 per cent from 44.9 per cent.<\/p>\n
ASICS’ current assets rose 11 per cent to \u00a5409.9 billion, mainly due to higher merchandise and finished goods. Non-current assets increased 17.8 per cent to \u00a5176.5 billion, reflecting increases in machinery, equipment and vehicles, as well as right-of-use assets.<\/p>\n
Cash and cash equivalents fell to \u00a5112.2 billion from \u00a5127 billion, as operating cash flow of \u00a5109.9 billion was offset by investing outflows of \u00a529.4 billion and financing outflows of \u00a5105.9 billion.<\/p>\n
For FY26, ASICS forecast net sales of \u00a5950 billion (up 17.2 per cent) and operating profit of \u00a5171 billion (up 20 per cent), with operating margin expected to improve to 18 per cent. Ordinary profit is projected at \u00a5165 billion (up 18.5 per cent) and profit attributable to owners of parent at \u00a5110 billion (up 11.4 per cent), implying EPS of \u00a5153.91. On a currency-neutral basis, it expects net sales growth of 16.7 per cent and operating profit growth of 19.7 per cent.<\/p>\n
By category, it expects Performance Running sales of \u00a5415 billion, SportStyle sales of \u00a5205 billion, and Onitsuka Tiger sales of \u00a5152 billion in FY26. It also said it will rename \u2018Apparel and Equipment\u2019 to \u2018Apparel\u2019 from FY26 and will disclose \u2018Walking\u2019 as a separate category (forecast: \u00a516.2 billion, down 1.5 per cent).<\/p>\n
Regionally, the company\u2019s FY26 outlook assumes growth in Europe (\u00a5281 billion), North America (\u00a5168.0 billion), Greater China (\u00a5140 billion), Oceania (\u00a558 billion), and Southeast and South Asia (\u00a559.0 billion), while Japan is forecast to decline to \u00a5180 billion.<\/p>\n
The company said 2026 will be a launchpad year ahead of its next mid-term plan starting in 2027, with priorities including innovation-led Performance Running growth, broader category expansion beyond tennis in Core Performance Sports, and scaling SportStyle while maintaining sustainable growth. For Onitsuka Tiger, it plans to further solidify its position in Europe and advance preparations to re-enter the US market from 2027 onwards, added the release.<\/p>\n
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Fibre2Fashion News Desk (SG)<\/p>\n
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