Financials ASICS Corporation

Stocks

7936

JP3118000003

Footwear

Delayed Japan Exchange 07:30:00 14/08/2026 BST			5-day change	1st Jan Change
5,281.00 ^JPY	+10.81%		+6.11%	+40.64%

08-14	Asics Corporation Announces Dividend of the Second Quarter End of Fiscal Year Ending December 31, 2026, Payable on August 20, 2026 and Revises Dividend Guidance for the Fiscal Year End of Fiscal Year Ending December 31, 2026	CI
08-14	Asics Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2026	CI

Projected Income Statement: ASICS Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	404,082	484,601	570,463	678,526	810,916	1,007,988	1,111,566	1,230,561
Change	-	19.93%	17.72%	18.94%	19.51%	24.3%	10.28%	10.71%
EBITDA ¹	35,996	50,002	70,719	121,353	168,442	217,244	237,667	264,494
Change	-	38.91%	41.43%	71.6%	38.8%	28.97%	9.4%	11.29%
EBIT ¹	21,945	34,002	54,215	100,111	142,519	188,203	210,059	236,479
Change	-	54.94%	59.45%	84.66%	42.36%	32.05%	11.61%	12.58%
Interest Paid ¹	-1,723	-2,662	-4,846	-5,427	-5,045	-968	-968	-968
Earnings before Tax (EBT) ¹	14,120	28,703	50,572	93,244	138,749	178,807	202,547	230,208
Change	-	103.28%	76.19%	84.38%	48.8%	28.87%	13.28%	13.66%
Net income ¹	9,402	19,887	35,272	63,806	98,719	124,635	140,728	159,375
Change	-	111.52%	77.36%	80.9%	54.72%	26.25%	12.91%	13.25%
Announcement Date	10/02/22	10/02/23	09/02/24	14/02/25	13/02/26	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	106,549	102,929	112,729	81,875	105,329	119,751	137,988	121,533	152,297	137,782	158,026	122,358	174,102	168,097	183,255	153,072	208,313	194,485	222,257	185,861	270,265	242,690	270,700	218,293	307,000	276,000	308,000	259,000
Change	-	-3.4%	9.52%	-27.37%	28.65%	13.69%	15.23%	-11.92%	25.31%	-9.53%	14.69%	-22.57%	42.29%	-3.45%	9.02%	-16.47%	36.09%	-6.64%	14.28%	-16.38%	45.41%	-10.2%	11.54%	-19.36%	40.64%	-10.1%	11.59%	-15.91%
EBITDA ¹	17,507	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,197	22,625	68,588	54,812	69,700	25,200	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-57.47%	203.15%	-20.09%	27.16%	-63.85%	-	-	-	-
EBIT ¹	14,604	9,389	11,792	-13,840	10,057	9,109	16,885	-2,049	22,120	11,490	22,195	-1,590	33,812	25,184	32,527	8,588	44,511	36,621	46,474	14,913	60,762	46,879	55,743	20,765	67,000	53,000	62,000	28,000
Change	-	-35.71%	25.59%	-217.37%	172.67%	-9.43%	85.37%	-112.14%	1,179.55%	-48.06%	93.17%	-107.16%	2,226.54%	-25.52%	29.16%	-73.6%	418.29%	-17.73%	26.91%	-67.91%	307.44%	-22.85%	18.91%	-62.75%	222.66%	-20.9%	16.98%	-54.84%
Charge d'intérêts	-403	-	-428	-	-457	-	-737	-	-1,009	-	-1,253	-	-1,291	-	-1,364	-	-1,247	-	-1,274	-	-1,346	-	-	-	-	-	-	-
Earnings before Tax (EBT)	14,161	-	10,082	-	10,943	7,558	15,079	-4,877	21,605	11,794	21,829	-4,656	33,062	24,996	34,015	1,171	43,382	37,349	45,807	12,211	61,869	-	57,800	400	-	-	-	-
Change	-	-	-	-	-	-30.93%	99.51%	-132.34%	543%	-45.41%	85.09%	-121.33%	810.09%	-24.4%	36.08%	-96.56%	3,604.7%	-13.91%	22.65%	-73.34%	406.67%	-	-	-99.31%	-	-	-	-
Net income ¹	10,485	1,865	6,723	-9,671	8,725	4,837	9,683	-3,358	16,310	8,486	15,484	-5,008	26,737	15,482	22,721	-1,134	31,647	21,959	32,708	12,405	46,569	28,067	38,000	9,900	48,200	33,300	42,900	17,100
Change	-	-82.21%	260.48%	-243.85%	190.22%	-44.56%	100.19%	-134.68%	585.71%	-47.97%	82.47%	-132.34%	633.89%	-42.1%	46.76%	-104.99%	2,890.74%	-30.61%	48.95%	-62.07%	275.41%	-39.73%	35.39%	-73.95%	386.87%	-30.91%	28.83%	-60.14%
Announcement Date	13/05/21	13/08/21	05/11/21	10/02/22	11/05/22	12/08/22	11/11/22	10/02/23	10/05/23	08/08/23	10/11/23	09/02/24	10/05/24	13/08/24	08/11/24	14/02/25	15/05/25	13/08/25	12/11/25	13/02/26	13/05/26	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2022 S1	2022 S2	2023 S1	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1
Net sales ¹	225,080	259,521	290,079	342,199	336,327	402,798	408,118	534,483
Change	-	15.3%	11.77%	17.97%	-1.72%	19.76%	1.32%	30.96%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	19,166	14,836	33,610	58,996	41,115	81,132	61,387	120,486
Change	-	-22.59%	126.54%	75.53%	-30.31%	97.33%	-24.34%	96.27%
Charge d'intérêts	-997	-	-2,244	-2,724	-	-2,439	-	-2,940
Earnings before Tax (EBT)	18,501	-	33,399	58,058	35,186	80,731	58,018	111,666
Change	-	-	-	73.83%	-39.4%	129.44%	-28.13%	92.47%
Net income	13,562	6,325	24,796	42,219	21,587	53,606	45,113	82,171
Change	-	-53.36%	292.03%	70.27%	-48.87%	148.33%	-15.84%	82.14%
Announcement Date	12/08/22	10/02/23	08/08/23	13/08/24	14/02/25	13/08/25	13/02/26	14/08/26

¹JPY in Million

Estimates

Forecast Balance Sheet: ASICS Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	14,175	72,415	18,112	-69,745	-13,738	-134,347	-152,217	-208,574
Change	-	410.86%	-74.99%	-485.08%	80.3%	-877.92%	-13.3%	-37.02%
Announcement Date	10/02/22	10/02/23	09/02/24	14/02/25	13/02/26	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: ASICS Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	9,415	10,570	15,882	24,114	16,191	13,500	29,556	30,843
Change	-	12.27%	50.26%	51.83%	-32.86%	-16.62%	118.93%	4.36%
Free Cash Flow (FCF) ¹	38,979	-35,908	74,569	80,500	78,957	109,324	134,087	149,811
Change	-	-192.12%	307.67%	7.95%	-1.92%	38.46%	22.65%	11.73%
Announcement Date	10/02/22	10/02/23	09/02/24	14/02/25	13/02/26	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: ASICS Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	8.91%	10.32%	12.4%	17.88%	20.77%	21.55%	21.38%	21.49%
EBIT Margin (%)	5.43%	7.02%	9.5%	14.75%	17.58%	18.67%	18.9%	19.22%
EBT Margin (%)	3.49%	5.92%	8.87%	13.74%	17.11%	17.74%	18.22%	18.71%
Net margin (%)	2.33%	4.1%	6.18%	9.4%	12.17%	12.36%	12.66%	12.95%
FCF margin (%)	9.65%	-7.41%	13.07%	11.86%	9.74%	10.85%	12.06%	12.17%
FCF / Net Income (%)	414.58%	-180.56%	211.41%	126.16%	79.98%	87.71%	95.28%	94%
Profitability
ROA	6.53%	8.02%	11.4%	18.84%	25.2%	21.21%	20.79%	20.25%
ROE	6.9%	12.6%	18.8%	29.1%	38.84%	42.34%	36.34%	33.5%
Financial Health
Leverage (Debt/EBITDA)	0.39x	1.45x	0.26x	-	-	-	-	-
Debt / Free cash flow	0.36x	-2.02x	0.24x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.33%	2.18%	2.78%	3.55%	2%	1.34%	2.66%	2.51%
CAPEX / EBITDA (%)	26.16%	21.14%	22.46%	19.87%	9.61%	6.21%	12.44%	11.66%
CAPEX / FCF (%)	24.15%	-29.44%	21.3%	29.96%	20.51%	12.35%	22.04%	20.59%
Items per share
Cash flow per share ¹	32.04	49	70.65	116.8	173.5	171.2	216.3	248.4
Change	-	52.92%	44.2%	65.25%	48.59%	-1.31%	26.34%	14.84%
Dividend per Share ¹	6	10	16.25	20	28	39	45.67	52.36
Change	-	66.67%	62.5%	23.08%	40%	39.29%	17.09%	14.66%
Book Value Per Share ¹	199.5	232.9	279.4	325.6	383.2	523.9	623.2	765.7
Change	-	16.71%	20%	16.52%	17.68%	36.73%	18.94%	22.88%
EPS ¹	12.84	27.15	48.13	88.3	138.1	177.4	200.2	228
Change	-	111.37%	77.27%	83.46%	56.43%	28.43%	12.84%	13.88%
Nbr of stocks (in thousands)	732,167	732,677	732,945	715,737	708,624	708,911	708,911	708,911
Announcement Date	10/02/22	10/02/23	09/02/24	14/02/25	13/02/26	-	-	-