A new Medium-Term Management Plan 2029 has been formulated with 2029 as the target year. Target revenue is 1,500,000 million yen, ROE 50%, and operating margin targeting industry-leading levels. Onitsuka Tiger will be spun off in 2027 to promote group-wide capital policy and growth investment. Comparing fiscal 2026 forecasts and fiscal 2029 targets, cumulative total shareholder returns are planned at 400,000 million yen, with expected achievement of ROA 20% and ROE 50%.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"7936","jir_company_name":"ASICS Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-11-13","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/7936-20261113-02.pdf","jir_short_summary":"A new Medium-Term Management Plan 2029 has been formulated with 2029 as the target year. Target revenue is 1,500,000 million yen, ROE 50%, and operating margin targeting industry-leading levels. Onitsuka Tiger will be spun off in 2027 to promote group-wide capital policy and growth investment. Comparing fiscal 2026 forecasts and fiscal 2029 targets, cumulative total shareholder returns are planned at 400,000 million yen, with expected achievement of ROA 20% and ROE 50%.","jir_summary":"### Overview of Medium-Term Management Plan 2029\nUnder the theme AHEAD OF THE GAME, the ASICS Corporation group will evolve the Group Integrated Enterprise (GIE) to maximize group-wide value creation capabilities, and promote growth investments centered on five areas: Product Innovation, Manufacturing, Brand Experience, Partnership, and Capital Policy. By spinning off Onitsuka Tiger from January 2027, ASICS and Onitsuka Tiger will each accelerate brand value enhancement and business growth. The company aims for revenue of 1,500,000 million yen, ROE of 50%, and ROA of 20% by 2029, and plans cumulative shareholder returns of approximately 400,000 million yen.\n\n### Capital Policy and Growth Investment Framework\nThe capital policy will introduce ASICS ACTIVE CAPITAL MANAGEMENT, pursuing an optimal equity level starting from growth investments. Growth investments include approximately 200,000 million yen of CAPEX\/right-of-use assets, with separate allocations considered for M&A and equity investments. Shareholder returns target a cumulative payout ratio of 80%, combining flexible treasury stock acquisitions to drive EPS growth and improve capital efficiency. Even after the Onitsuka Tiger spin-off, the group will maintain a common capital strategy and aim to expand DTC by leveraging customer data through OneASICS.","jir_financial_highlights":"Revenue: 1,500,000 million yen (FY2026 forecast \u2192 FY2029 target)\nOperating Margin: Industry-leading profitability (From FY2026 forecast to FY2029 target)\nEPS: 170 yen (FY2026 forecast as baseline, FY2029 target)\nROA: 20% (FY2029 target)\nROE: 50% (FY2029 target)","jir_category":"","jir_hashtags":"#ShareBuyback, #MediumTermManagementPlan, #OnitsukaTigerSpinOff, #GlobalIntegratedEnterprise, #CapitalPolicy","jir_key_figures":"Revenue: 1,500,000 million yen (FY2026 forecast \u2192 FY2029 target)\nROE: 50% (FY2029 target)\nROA: 20% (FY2029 target)","jir_meta_title":"ASICS Corporation Medium-Term Management Plan 2029 | Targeting 1.5 trillion yen Revenue & 50% ROE","jir_meta_description":"Summary of ASICS Corporation's Medium-Term Management Plan 2029. Details on evolving the GIE, Onitsuka Tiger spin-off, approximately 200,000 million yen growth investment, approximately 400,000 million yen shareholder returns, and the plan to achieve ROE of 50%.","jir_og_title":"ASICS Corporation Medium-Term Management Plan 2029 | Toward 50% ROE","jir_og_description":"ASICS Corporation's Mid-Term Plan 2029 targets 1,500,000 million yen in revenue and 50% ROE. Explains the Onitsuka Tiger spin-off, capital policy outlook, and customer experience enhancement via OneASICS and data utilization.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6909,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-151497","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n