Asics Corp. wants to spin off Onitsuka Tiger's business into a separate entity Onitsuka Tiger - photos from the brand's Spring-Summer '26 advertising campaign
11.06.2026 1713

Asics Corp. wants to spin off Onitsuka Tiger's business into a separate entity

Japanese group Asics Corp. has decided to transform its Onitsuka Tiger business into a franchise model following four consecutive years of record profits. The new organizational structure will streamline decision-making and strengthen the premium brand's competitiveness.

Asics shares rose 2,7% in Tokyo. The Onitsuka Tiger business will soon be transferred to OT Group Corp., an Asics subsidiary. The split will take effect on January 1.

In recent years, Onitsuka Tiger has established itself as one of Asics' main growth drivers. The brand's sales grew 43% year-on-year to reach 136,5 billion yen (€737,02 million) in the fiscal year ending in December. Strong demand in Europe and the return of international tourists to Japan supported these figures.

Onitsuka Tiger boasts an operating margin of nearly 38%, the highest among Asics' five core product categories.

In February, the Japanese sportswear and footwear maker announced it expected another year of record profits.

Onitsuka Tiger, which has recently focused more on developing in the fashion and lifestyle segments, was founded in 1949 by Kihachiro Onitsuka. He set out to create athletic shoes that would encourage young people to engage in sports for better health, which he considered crucial to Japan's recovery after World War II.

The first sneakers designed by Kihachiro Onitsuka were basketball shoes. However, the brand has recently become known for its fashionable, athletic footwear and apparel, featuring minimalist designs with retro touches.

 

Japanese group Asics Corp. has decided to transform its Onitsuka Tiger business into a franchise model following four consecutive years of record profits. The new organizational structure will accelerate…
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