Asics Corporation is transferring its Onitsuka Tiger business to a wholly owned subsidiary, OT Group, via a simplified absorption-type company split.
The Japanese sportswear retailer said the split is due to take effect on 1 January 2027.
Its board of directors has approved the reorganisation, with OT Group set to serve as the global headquarters for the Onitsuka Tiger brand.
OT Group was incorporated on 25 February 2026, is based in Tokyo, and is 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 business performance visibility across the broader Asics Group.
Under the transaction, Asics will act as the splitting company and OT Group as the succeeding company.
The company split agreement is due to be executed on 1 October 2026, with OT Group expected to secure shareholder approval on 16 November 2026.
As the transaction qualifies as a simplified absorption-type company split under Japan’s Companies Act, no approval from Asics shareholders is required.
In connection with the split, OT Group will issue 400 new common shares, all of which will be allotted 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 split agreement.
The reorganisation will also involve spinning off Onitsuka Tiger operations run by Asics and its regional entities, with OT Group restructured to oversee subsidiaries responsible for sales and manufacturing operations.
For the fiscal year ended December 2025, the business division being transferred recorded non-consolidated net sales of Y6.66bn ($41.5m), comprising royalties and other income received by Asics from regional operating subsidiaries.
Assets to be transferred totalled Y2.71bn, against liabilities of Y248m.
Asics said the split is an internal reorganisation involving a consolidated subsidiary and is expected to have a minimal impact on its consolidated financial results.
“Asics spins off Onitsuka Tiger into standalone subsidiary” was originally created and published by Retail Insight Network, a GlobalData owned brand.
