Asics spins off Onitsuka Tiger into standalone subsidiary

Asics Corporation is transferring its Onitsuka Tiger concern to a wholly owned subsidiary, OT Group, via a simplified absorption-type institution split.

The Japanese sportswear retailer said the divided is owed to instrumentality effect connected 1 January 2027.

Its committee of directors has approved the reorganisation, with OT Group acceptable to service arsenic the planetary office for the Onitsuka Tiger brand.

OT Group was incorporated connected 25 February 2026, is based successful Tokyo, and is led by president and CEO Ryoji Shoda.

The determination is designed to springiness the marque a much autarkic operating operation portion strengthening governance and improving concern show visibility crossed the broader Asics Group.

Under the transaction, Asics volition enactment arsenic the splitting institution and OT Group arsenic the succeeding company.

The institution divided statement is owed to beryllium executed connected 1 October 2026, with OT Group expected to unafraid shareholder support connected 16 November 2026.

As the transaction qualifies arsenic a simplified absorption-type institution divided nether Japan's Companies Act, nary support from Asics shareholders is required.

In transportation with the split, OT Group volition contented 400 caller communal shares, each of which volition beryllium allotted to Asics.

The transaction volition not impact Asics' stated capital.

OT Group volition presume the assets, liabilities, contracts and different rights and obligations associated with the Onitsuka Tiger business, arsenic defined successful the institution divided agreement.

The reorganisation volition besides impact spinning disconnected Onitsuka Tiger operations tally by Asics and its determination entities, with OT Group restructured to oversee subsidiaries liable for income and manufacturing operations.

For the fiscal twelvemonth ended December 2025, the concern part being transferred recorded non-consolidated nett income of Y6.66bn ($41.5m), comprising royalties and different income received by Asics from determination operating subsidiaries.

Assets to beryllium transferred totalled Y2.71bn, against liabilities of Y248m.

Asics said the divided is an interior reorganisation involving a consolidated subsidiary and is expected to person a minimal interaction connected its consolidated fiscal results.

"Asics spins disconnected Onitsuka Tiger into standalone subsidiary" was primitively created and published by Retail Insight Network, a GlobalData owned brand.