ASICS Corporation

ASCCF

Apparel - Footwear & Accessories · Consumer Cyclical

Price

$29.94

+0.00 (+0.00%)

Market Cap

$21.22B

Exchange

Other OTC

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Exceptional

Growth

Exceptional

Cash Flow

Strong

Stability

Exceptional

Valuation

Good

Dividends

Weak

Track this stock — start free trial

Share count falling — buybacks

−1.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 723.3M (2021) → 715.5M (2025)

Winston Score History

The full picture

ASICS Corporation is a Japanese company that makes athletic shoes, clothing, and sports gear. It is best known for its running shoes, which are sold to everyday runners, professional athletes, and sports teams around the world. The brand name ASICS stands for a Latin phrase meaning "a sound mind in a sound body," and the company has been making performance footwear since 1949.

ASICS earns most of its revenue by selling shoes and apparel directly to consumers through its own stores and website, as well as through third-party retailers and sporting goods chains. The company operates globally, with strong sales in Japan, Europe, and North America, and its roughly $20 billion market cap reflects its position as one of the top running shoe brands worldwide. Its main competitive strength is its reputation for technical performance in running, but it faces constant pressure from much larger rivals like Nike and Adidas, which have far greater marketing budgets and brand reach.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+34.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+62.9% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

¥7.4B/ year

0.9% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

6.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

¥145.0B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

ASICS Corporation grew revenue 35% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

57.1%

Premium pricing power — 57.1% gross margin

Profit after running costs

Operating Margin

22.6%

Excellent — 22.6% operating margin

Return on the money invested

ROCE

44.3%

Exceptional — 44.3% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+28.0%

Fast-growing sales (+28.0% YoY)

Profit growth

EPS YoY

+71.3%

Earnings growing fast (+71.3% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

96%

Turns 96% of profit into real cash

Spare cash per sale

FCF Margin

11.2%

Modest free cash flow (11.2%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.16

Conservative — low debt load (0.16)

Covers its interest

Interest Cover

32.81x

Comfortably covers interest (32.8x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

26.2x

Growth-priced — P/E 26.2

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+3.3

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (26.2 → 22.9)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

0.72%

Small dividend — 0.72% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

-44.5%

Dividend cut (-44.5% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial