Asics Corporation is transferring its Onitsuka Tiger business to a wholly owned subsidiary, OT Group, through a simplified takeover-type business division.
The Japanese sportswear retailer said the split will take effect on January 1, 2027.
Its board of directors approved the reorganization, and OT Group will serve as the global headquarters of the Onitsuka Tiger brand.
OT Group was incorporated on February 25, 2026, is headquartered in Tokyo and led by President and CEO Ryoji Shoda.
The move is designed to give the brand a more independent operating structure while strengthening governance and improving visibility of business performance across the Asics Group.
Under the transaction, Asics will act as a spin-off company and OT Group as a successor company.
The company’s spin-off agreement will be executed on October 1, 2026, and OT Group is expected to obtain shareholder approval on November 16, 2026.
As the transaction is considered a simplified absorption-type business division under the Japanese Company Law, approval from Asics shareholders is not required.
In connection with the split, OT Group will issue 400 new ordinary shares, all of which will be allocated to Asics.
The transaction will not affect Asics’ stated capital.
OT Group will assume the assets, liabilities, contracts and other rights and obligations associated with the Onitsuka Tiger business, as defined in the company’s division agreement.
The reorganization will also involve the spin-off of Onitsuka Tiger operations run by Asics and its regional entities, with the OT Group being restructured to oversee subsidiaries responsible for sales and manufacturing operations.
For the fiscal year ending December 2025, the transferring business division recorded unconsolidated net sales of 6.66 billion yen ($41.5 million), which includes royalties and other income received by Asics from regional operating subsidiaries.
Assets to be transferred amounted to 2.71 billion yen, compared to liabilities of 248 million yen.
Asics said the split is an internal reorganization involving a consolidated subsidiary and is expected to have minimal impact on its consolidated financial results.
“Asics makes Onitsuka Tiger an independent subsidiary” was created and originally published by Retail Insight Network, a brand owned by GlobalData.
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