Who Owns ASICS?
ASICS is owned by ASICS Corporation, a publicly traded Japanese company that was founded by Kihachiro Onitsuka in 1949. ASICS Corporation trades on the Tokyo Stock Exchange under ticker 7936 and is headquartered in Kobe, Hyogo, Japan. The company is independently owned with no single controlling shareholder and operates across more than 100 countries.
Parent Company
ASICS Corporation
Founded
1949
Status
Publicly Traded
Headquarters
Kobe, Hyogo, Japan
Who Owns ASICS?
- Parent Company: ASICS Corporation
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: TSE (Tokyo Stock Exchange): 7936
| Brand | Parent Company | Ownership Type |
|---|---|---|
| ASICS | ASICS Corporation | Wholly owned |
History of ASICS
- Founded: 1949
- Founders: Kihachiro Onitsuka
ASICS was founded in September 1949 by Kihachiro Onitsuka in Kobe, Japan, under the name Onitsuka Co., Ltd. Onitsuka's founding purpose was to improve the physical and mental health of Japanese youth in the postwar period through sport. The company's first product was a basketball shoe designed specifically for the Japanese market.
Through the 1950s, the company expanded into other sports footwear and gained a following among track and field athletes. In 1966, Onitsuka introduced the iconic crossed stripes design, which became the brand's visual trademark. The company began exporting to the United States in the late 1960s, where its running shoes were distributed through a partnership with Blue Ribbon Sports, a company that later became Nike. That distribution agreement ended when Blue Ribbon Sports began manufacturing its own shoes in 1972.
In 1977, Onitsuka Co., Ltd. merged with two other Japanese sportswear companies, GTO and JELENK, to form ASICS Corporation. The merger combined Onitsuka's footwear expertise with apparel and equipment capabilities from the other companies, creating a broader sports goods platform.
ASICS introduced GEL cushioning technology in 1986, placing silicone gel units in the midsole to absorb impact. The GEL-KAYANO, first released in 1993, became one of the most durable shoe franchises in running history and remains in production as of 2026. The GEL-NIMBUS launched in 1997 as the brand's top cushioning model and similarly became a long-running franchise.
Through the 1990s and 2000s, ASICS built a loyal consumer base among dedicated runners who prioritized biomechanical support and fit over fashion. The brand retained a lower marketing profile than Nike and Adidas while investing heavily in product research at its Institute of Sport Science in Kobe.
ASICS launched the Onitsuka Tiger lifestyle sub-brand formally in 2002 to capitalize on growing consumer interest in heritage athletic footwear. Onitsuka Tiger operates with distinct retail positioning and has developed a following in lifestyle and fashion markets, particularly in Japan, Europe, and Southeast Asia.
In 2022, ASICS launched the Metaspeed Sky carbon plate racing shoe to compete in the super shoe segment against Nike Vaporfly and Adidas Adizero Adios Pro. The brand has also invested in digital tools including the ASICS Runkeeper app, acquired in 2016 for approximately 85 million dollars, which has over 70 million registered users.
ASICS Corporation reported net sales of approximately 595 billion yen (approximately 4 billion dollars) for the fiscal year ending December 2024, an increase of roughly 17% year on year. The company employs approximately 9,000 people globally.
About ASICS Corporation
What does ASICS Corporation own?
ASICS Corporation owns the ASICS performance brand and Onitsuka Tiger heritage lifestyle brand, along with various sport-specific product lines including running shoes, training footwear, court sports equipment, and athletic apparel. The company operates through a global network of subsidiaries and manufacturing facilities.
Is ASICS Corporation publicly traded?
Yes, ASICS Corporation is publicly traded on the Tokyo Stock Exchange under ticker symbol 7936. The company has been publicly traded since its formation in 1977, allowing investors to purchase shares and participate in the company's ownership.
Who founded ASICS Corporation?
ASICS Corporation was founded by Kihachiro Onitsuka in 1949 as Onitsuka Co., Ltd. The company was renamed ASICS Corporation in 1977 following a merger with GTO and JELENK, adopting the Latin name meaning "A Sound Mind in a Sound Body."
Where is ASICS Corporation headquartered?
ASICS Corporation is headquartered in Kobe, Japan, where the company was originally founded. The company maintains its global headquarters, primary research facilities, and major corporate operations in Kobe, with additional offices and manufacturing facilities across Asia and other international markets.
How many brands does ASICS Corporation own?
ASICS Corporation operates two primary brands: ASICS (performance athletic footwear and apparel) and Onitsuka Tiger (heritage lifestyle and fashion footwear). The company also maintains various sport-specific product lines within these brand portfolios.
Who owns ASICS Corporation?
ASICS Corporation is publicly owned with shares traded on the Tokyo Stock Exchange under ticker 7936. Ownership is distributed among institutional investors, mutual funds, pension funds, and individual shareholders worldwide, with no single controlling shareholder.
What is ASICS Corporation's revenue?
ASICS Corporation reported annual revenue of approximately ¥610 billion for fiscal year 2024. The company generates revenue through performance footwear, lifestyle shoes, apparel, and sports equipment across global markets.
What does the name ASICS mean?
ASICS stands for "Anima Sana In Corpore Sano," which is Latin for "A Sound Mind in a Sound Body." This philosophy reflects the company's founding vision of promoting physical and mental well-being through sports and athletic activity.
- Founded: 1949
- Headquarters: Kobe, Japan
- Company Type: Publicly Traded
- Stock: TSE (Tokyo Stock Exchange): 7936
- Revenue: approximately ¥610 billion (FY2024)
- Employees: Approximately 9,000
Where Is ASICS Made / Based?
- Headquarters: Kobe, Hyogo, Japan
- Manufacturing / Operations: Japan, China, Vietnam, Indonesia
ASICS Sustainability & Ethics
ASICS operates a sustainability framework it calls the "Five Loop Strategy," structured around product longevity, sustainable materials, responsible production, extended use, and end-of-life recovery. The company is a member of the Science Based Targets initiative and has set climate reduction targets validated against the Paris Agreement.
ASICS was named to the CDP Climate Change A List in 2023, one of fewer than 2% of companies assessed to achieve that designation. The company uses recycled PET in polyester fabrics across its product range and has a target of deriving 10% of recycled polyester from used textiles by 2030. The GEL-KAYANO 32 (2024) used bio-based materials in its midsole compound.
The company published a carbon footprint label on select products from 2022, measuring lifecycle emissions per unit. This was reported as an industry first for performance running footwear at scale.
On supply chain ethics, ASICS has faced documented issues. The Business and Human Rights Resource Centre reported concerns about union interference at Wing Star Shoes Co., Ltd., a Cambodian supplier. ASICS responded by reaffirming freedom of association commitments and implementing additional monitoring. In 2025, an unauthorized social media post was attributed to ASICS suggesting continued Xinjiang cotton sourcing. ASICS corporate headquarters issued a denial. The incident remained unresolved in public reporting as of June 2026.
Awards & Recognition
ASICS received the Footwear Brand of the Year award at the Hypebeast100 in 2025, the third time in four years. The award recognized the brand's performance in collaborative releases and its core running product improvements. The Nucleo 2 trainer was cited by Runner's World wear-testers as a standout training shoe for 2024.
ASICS was selected for the DX Grand Prix 2024 in the DX Brand category by Japan's Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange, recognizing digital transformation performance. The company received the Best IR Award for the third consecutive year and the IR Grand Prix for the first time from Japan's Investor Relations Association in 2024.
The ASICS STEPNOTE wearable device received the iF Design Award Gold in 2023, the company's first Gold recognition from that body. ASICS ranked on the Forbes World's Best Employers list in 2025.
ASICS Recalls & Controversies
Cambodia Supplier Labor Rights (2022-2024): The Business and Human Rights Resource Centre documented allegations of union interference and suppression of worker organizing at Wing Star Shoes Co., Ltd., a Cambodian supplier manufacturing ASICS footwear. ASICS issued a public response reaffirming its commitment to freedom of association and announced additional supplier audits. Independent verification of remediation outcomes was not confirmed in public reporting as of June 2026.
Xinjiang Cotton Sourcing Allegation (2025): An account on a social media platform posted statements attributed to ASICS suggesting the company would continue to source cotton from China's Xinjiang region. Human rights organizations have documented forced labor in Xinjiang's cotton sector. ASICS headquarters in Japan issued a denial and stated the post was not authorized. The origin of the post was not publicly confirmed, and no regulatory action was taken. The incident drew media coverage in Japan and Europe.
Modern Slavery Reporting Scrutiny: ASICS publishes an annual Modern Slavery Statement covering its global supply chain. Some supply chain transparency advocacy groups have argued that voluntary statements without third-party audit requirements are insufficient to address systemic risk in Southeast Asian manufacturing. ASICS has not faced any regulatory enforcement action on modern slavery grounds as of June 2026.
ASICS Ownership: Pros & Cons
Advantages
- +Publicly traded with no controlling shareholder, providing governance transparency and access to capital markets
- +Deep R&D infrastructure including the Institute of Sport Science in Kobe, supporting continuous product innovation
- +GEL-KAYANO and GEL-NIMBUS are two of the most recognized performance running shoe franchises in the world
- +Onitsuka Tiger provides a separate revenue stream in lifestyle and fashion markets with distinct brand equity
- +Consistent revenue growth of approximately 17% in fiscal 2024 demonstrates the brand's current commercial momentum
Considerations
- -Significantly smaller marketing budget than Nike and Adidas limits brand visibility outside the running specialty channel
- -Supply chain labor concerns at Cambodian supplier facilities have not been fully resolved with independent verification
- -Currency risk is material as approximately two-thirds of revenues come from markets outside Japan
- -Carbon plate racing shoe lineup (Metaspeed) has not yet reached the market share dominance of Nike Vaporfly or Adidas Adizero
- -Runkeeper app user growth has slowed against free competitors including Strava and Nike Run Club
Frequently Asked Questions About ASICS
Sources & Further Reading
- ASICS Corporation Official Investor Relations -
- ASICS Official Website -
- Tokyo Stock Exchange: ASICS Corporation (7936) -
- Wikidata: ASICS Corporation entity -
- CDP Climate Change A List 2023 -
- Business and Human Rights Resource Centre: ASICS -
- Runner's World: Shoe Reviews and Awards -
- Science Based Targets initiative -
- Hypebeast100 Brand of the Year 2025 -
- Forbes World's Best Employers 2025 -
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to ASICS
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Deckers Outdoor | USA | 2009 | Mass market | Global | Unisex | |
| Jd Sports Fashion Plc | England | 1981 | Mass market | Global | All-ages | |
| Nike | USA | 1964 | Premium | Global | Unisex | |
| Authentic Brands Group | USA | 1958 | Mid market | Global | Unisex |
Learn More About Competitors

HOKA
Owned by Deckers Outdoor Corporation
Performance running and trail shoe brand owned by Deckers Outdoor Corporation, known for innovative cushioning technology and lightweight design.

JD Sports
Owned by JD Sports Fashion plc
British multinational sports-fashion retail company specializing in athletic footwear, sportswear, and casual fashion apparel.

Nike
Owned by Nike, Inc.
American multinational corporation that designs, develops, manufactures, and markets footwear, apparel, equipment, and accessories worldwide.

Reebok
Owned by Authentic Brands Group
American footwear and clothing brand specializing in athletic shoes, sportswear, and fitness apparel, known for its classic designs and fitness-focused heritage.
Competitive Analysis
Market Positioning: ASICS competes with 4 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
ASICS Corporation Stock Information
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