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  4. ASICS
ASICS logo
Sports

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

mid rangepremiumGlobalunisexrecycled materialsOfficial Website

Who Owns ASICS?

  • Parent Company: ASICS Corporation
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: TSE (Tokyo Stock Exchange): 7936
BrandParent CompanyOwnership Type
ASICSASICS CorporationWholly owned

Where to Buy

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AmazonASICS on Amazon

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

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.

Who founded ASICS Corporation?
ASICS 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."

Is ASICS Corporation publicly traded?
Yes, ASICS trades on the Tokyo Stock Exchange under ticker 7936. The company has been publicly traded since its formation in 1977.

What is ASICS Corporation's revenue?
ASICS reported FY2025 net sales of ¥810.9 billion (up 19.5% YoY), operating income of ¥142.5 billion (up 42.4% YoY), and net income of ¥98.7 billion (up 54.7% YoY). FY2026 forecasts net sales of ¥950 billion and operating income of ¥171 billion.

How many brands does ASICS Corporation own?
ASICS operates two primary brands: ASICS (performance athletic footwear and apparel) and Onitsuka Tiger (heritage lifestyle and fashion footwear). Both brands exceeded ¥100 billion in sales for the first time in FY2025.

What does the name ASICS mean?
ASICS stands for "Anima Sana In Corpore Sano," 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.

Where is ASICS Corporation headquartered?
ASICS is headquartered in Kobe, Japan, where the company was originally founded. The company maintains its global headquarters, primary research facilities, and the ASICS Institute of Sport Science in Kobe.

What is Onitsuka Tiger?
Onitsuka Tiger is ASICS's heritage lifestyle brand, originally founded as Onitsuka Co., Ltd. in 1949. The brand has been repositioned as a Japanese luxury lifestyle brand, with FY2025 sales exceeding ¥100 billion (up 40%+ YoY) and a profit margin of 37.7%. The brand expanded its European presence with large direct stores in Barcelona, London, and Paris, and opened the Onitsuka Innovative Factory in Sakai, Tottori in January 2026.

  • Founded: 1949
  • Headquarters: Kobe, Japan
  • Company Type: Publicly Traded
  • Stock: TSE (Tokyo Stock Exchange): 7936
  • Revenue: ¥810.9 billion (FY2025)
  • Employees: ~9,000

Visit ASICS Corporation website

View full company profile for ASICS Corporation

Where Is ASICS Made / Based?

  • Headquarters: Kobe, Hyogo, Japan
  • Manufacturing / Operations: Japan, China, Vietnam, Indonesia

ASICS Categories & Tags

Athletic FootwearRunning ShoesSportswearJapanese BrandPerformance Gear

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 -

Competitors 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.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
HOKAHOKA
Deckers Brands
USA
2009
PremiumGlobalAll Genders
JD SportsJD Sports
Jd Sports Fashion Plc
England
1981
Mass marketGlobalAll-ages
NikeNike
Nike
USA
1964
PremiumGlobalUnisex
ReebokReebok
Authentic Brands Group
USA
1958
Mid marketGlobalUnisex

Learn More About Competitors

HOKAFashion Apparel

HOKA

Owned by Deckers Brands

Performance running and trail shoe brand owned by Deckers Brands. Known for maximalist cushioning. Founded in 2009.

running-shoestrail-shoesathletic-footwear
JD SportsRetail Ecommerce

JD Sports

Owned by JD Sports Fashion plc

British multinational sports-fashion retail company specializing in athletic footwear, sportswear, and casual fashion apparel.

sportswearathletic-footwearfashion-retail
NikeFashion Apparel

Nike

Owned by Nike, Inc.

American multinational corporation that designs, develops, and markets athletic footwear, apparel, equipment, and accessories worldwide. The world's largest athletic footwear and apparel company.

athletic-wearsportswearfootwear
ReebokFashion Apparel

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.

athletic-footwearsportswearfitness-apparel

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.

Independent Alternatives to ASICS

Looking for brands with different ownership structures? These similar brands are not owned by ASICS Corporation, giving you alternative choices that support different corporate structures.

BillabongSports

Billabong

Owned by Authentic Brands Group

Australian surf lifestyle brand specializing in apparel, equipment, and accessories for surfing, swimwear, and beach culture.

surf-brandswimwearbeach-culture
Privately Owned

Billabong is privately owned, unlike ASICS which is under a publicly traded parent company.

Element SkateboardsSports

Element Skateboards

Owned by Authentic Brands Group

American skateboard brand founded in 1992, producing decks, apparel, and accessories with a focus on environmental consciousness and skate culture. Owned by Authentic Brands Group.

skateboardsskate-apparelaction-sports
Privately Owned

Element Skateboards is privately owned, unlike ASICS which is under a publicly traded parent company.

WWESports

WWE

Owned by Endeavor Group Holdings

World Wrestling Entertainment, the world's leading professional wrestling organization producing live events, television programming, and entertainment content. Owned by TKO Group Holdings.

professional-wrestlingwrestlingsports-entertainment
Privately Owned

WWE is privately owned, unlike ASICS which is under a publicly traded parent company.

160over90Sports

160over90

Owned by Endeavor Group Holdings

Global marketing and communications agency specializing in brand strategy, advertising, PR, and experiential marketing for sports and entertainment clients.

marketing-agencypr-agencysports-marketing
Privately Owned

160over90 is privately owned, unlike ASICS which is under a publicly traded parent company.

AC MilanSports

AC Milan

Owned by RedBird Capital Partners

Italian professional football club based in Milan, competing in Serie A and one of the most successful and prestigious clubs in world football.

footballserie-aitalian-football
Privately Owned

AC Milan is privately owned, unlike ASICS which is under a publicly traded parent company.

Arsenal Football ClubSports

Arsenal Football Club

Owned by Kroenke Sports & Entertainment

English professional football club based in London, competing in the Premier League and owned by American billionaire Stan Kroenke through Kroenke Sports & Entertainment.

footballsoccerpremier-league
Privately Owned

Arsenal Football Club is privately owned, unlike ASICS which is under a publicly traded parent company.

ASICS Corporation Stock Information

Jobs at ASICS Corporation

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Last reviewed: June 2, 2026 · Reviewed by Who Brands Editorial Team