ASICS Corporation (the “Company”) hereby announces that, at the meeting of its Board of Directors held today, it resolved that the business related to the Onitsuka Tiger brand (the “Onitsuka Tiger Business”) will be succeeded by OT GROUP Corporation (“OT GROUP”), a wholly owned subsidiary, through an absorption-type company split (the “Company Split”), with an effective date of January 1, 2027 (scheduled). In addition, the Company resolved a policy to spin off the Onitsuka Tiger Business within regional subsidiaries and reorganize it under OT GROUP.
A portion of the disclosure-related matters and content has been omitted because the Company Split is the Company’s simplified absorption-type split on a parent basis.
Purpose of the reorganization
In recent years, the Onitsuka Tiger Business has experienced accelerated global growth, driven by the expansion of its geographic footprint and increased brand recognition. Under the internal company system, the business has promoted initiatives centered on the expansion of directly operated stores and has worked to establish its position as a “luxury lifestyle brand.”
Through this reorganization, the Company will transition the Onitsuka Tiger Business to a more independent operating structure. This is expected to enable faster decision-making and enhance the creation of competitiveness tailored to the brand’s unique characteristics. In addition, across the ASICS Group as a whole, the Company will strengthen its governance framework while enhancing the visibility of business performance by segment and clarifying management accountability.
Through these measures, the Company aims to further enhance the brand value of Onitsuka Tiger, achieve sustainable business growth, and increase the overall corporate value of the ASICS Group.
Outline of the reorganization
The Company will spin off the Onitsuka Tiger Business operated by the Company and its regional business entities in each country, and reorganize the structure so that OT GROUP will serve as the global headquarters for the Onitsuka Tiger Business, with subsidiaries under its umbrella responsible for functions such as sales and manufacturing.
Outline of the Company Split
- Schedule of the Company Split
June 10, 2026 |
|
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June 10, 2026 |
|
October 1, 2026 |
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November 16, 2026 |
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January 1, 2027 |
Note: As this Company Split is a simplified absorption-type split for which Article 784, Paragraph 2 of the Companies Act applies, approval by the Company’s general meeting of shareholders is not required.
- Method of the Company Split
This is an absorption-type company split in which the Company will be the splitting company and OT GROUP, a wholly owned subsidiary of the Company, will be the succeeding company.
- Details of the allocation relating to the Company Split
In connection with the Company Split, OT GROUP will newly issue 400 shares of common stock and allot and deliver all such shares to the Company.
- Treatment regarding stock acquisition rights and bonds with stock acquisition rights following the Company Split
There will be no changes to the stock acquisition rights issued by the Company as a result of the Company Split. In addition, the Company has not issued any bonds with stock acquisition rights.
- Increase or decrease in capital as a result of the Company Split
There will be no increase or decrease in the Company’s stated capital as a result of the Company Split.
- Rights and obligations assumed by the succeeding company
OT GROUP will succeed to the assets, liabilities, contracts, and other rights and obligations related to the Onitsuka Tiger Business of the Company within the scope specified in the absorption-type company split agreement.
- Prospects for the performance of obligations
After the effective date of the Company Split, the Company has determined that there will be no issues with the performance of the obligations to be assumed by OT GROUP.
Profiles of the parties involved in the Company Split
Splitting company |
Succeeding company |
|
Company name |
ASICS Corporation |
OT GROUP Corporation |
Address |
1-2-4, Sannomiya-cho, Chuo-ku, Kobe |
2-14-4, Kita-Aoyama, Minato-ku, Tokyo |
Title and Name of |
Mitsuyuki Tominaga, |
Ryoji Shoda, |
Description of Business |
Manufacture and sales of sports |
Manufacture and Sale of Lifestyle Products, etc. |
Capital |
23,972 million yen |
376 million yen |
Date of Establishment |
September 1, 1949 |
February 25, 2026 |
Number of issued shares |
734,482,236 shares |
100 shares |
Fiscal Year-End |
December 31 |
December 31 |
Major shareholders and shareholding ratios |
The Master Trust Bank of Japan, Ltd. (Trust account) 16.04% Custody Bank of Japan, Ltd. (Trust Account) 7.33% THE CHASE MANHATTAN BANK, N.A. LONDON SECS LENDING GOVERNMENT OF NORWAY Nippon Life Insurance Company |
ASICS Corporation 100% |
Financial Position and Operating Results for the Most Recent Fiscal Year |
||
Fiscal year |
Consolidated fiscal year ended December 31, 2025 |
- |
Net assets |
273,355 million yen |
As OT GROUP Corporation’s fiscal year ending December 2026 is its first fiscal year of establishment, there are no financial position or operating results for the most recent fiscal year. |
Total assets |
586,480 million yen |
|
Net assets per share |
383.16 yen |
|
Net sales |
810,916 million yen |
|
Operating profit |
142,519 million yen |
|
Ordinary profit |
139,295 million yen |
|
Profit attributable to |
98,719 million yen |
|
Earnings per share |
138.13 yen |
|
Note: The capital, number of issued shares, and major shareholders and shareholding ratios of the splitting company are as of December 31, 2025. The shareholding ratios are calculated by dividing the number of shares held by the total number of issued shares, excluding treasury shares.
Outline of the business division to be Split
- Details of the business to be Split
The Onitsuka Tiger Business of the Company
- Operating Results of the Business to be Split
Net Sales (non-consolidated): 6,663 million yen (for the fiscal year ended December 2025).
This amount represents royalties and other income received by the Company from its regional operating subsidiaries in each country.
- Items and amounts of assets and liabilities to be Split
Assets |
Liabilities |
||
Items |
Book value |
Items |
Book value |
Current assets |
0 million yen |
Current liabilities |
90 million yen |
Non-current assets |
2,710 million yen |
Non-current liabilities |
158 million yen |
Total |
2,710 million yen |
Total |
248 million yen |
Status after the Company Split
There will be no changes in the name, address, title and name of representative, description of business, capital, or fiscal year-end of the Company as the splitting company and OT GROUP as the succeeding company after the Company Split.
Future outlook
This Company Split constitutes an organizational restructuring involving the Company and its consolidated subsidiary, and its impact on the Company’s consolidated financial results will be minimal.
～Overview～
OT GROUP Corporation is the global headquarters overseeing the global luxury lifestyle business centered on the Onitsuka Tiger brand.
Guided by its Philosophy, “Awaken the Senses,” and its Principle, “Discover the Difference,” the company pursues management centered on brand value and aims to become a world-class global luxury lifestyle company originating from Japan.
【Company Profile】
Company Name |
OT GROUP Corporation |
Establishment Date |
February 25, 2026 |
Headquarters |
2-14-4 Kita-Aoyama, Minato-ku, Tokyo, Japan |
Representative |
Ryoji Shoda, President and CEO |
Shareholder |
ASICS Corporation (100%) |
Core Brand |
Onitsuka Tiger |
Business Description |
Manufacture and Sale of Lifestyle Products, etc |
Business Category |
Lifestyle Products |
Countries/Regions |
Approximately 160 countries and regions |
Sales Companies (Regions) |
Japan, China, Europe, Southeast Asia and others |
Number of Directly Operated Stores (Group Total) |
Approximately 190 |
Number of Employees (Group Total) |
Approximately 2,800 (Headquarters & Offices: approx. 550 / Retail and Others: approx. 2,250) |
【Brand Philosophy】
Philosophy
Awaken the Senses
Onitsuka Tiger will awaken people’s sensibilities through fashion, design, spaces, lifestyle, and communication, and will create the very reason why people feel they want to choose this brand
Being chosen not solely for function or price, but for its aesthetic sensibility and worldview—this is the value that Onitsuka Tiger represent
Principle
Discover the Difference
Embodiment of “Essence of Onitsuka Tiger” is the core criterion for all decision making
The accumulation of these distinctions becomes the very reason for the brand’s existence
We place strong emphasis on management that enhances the brand value itself
By staying true to our brand, we create enduring value
