India, June 10 -- ASICS Corporation (ASCCY) said Wednesday that it will transfer its Onitsuka Tiger business to OT Group Corporation, a subsidiary of the company, through an absorption-type company split effective January 1, 2027, to support the continued growth of the luxury lifestyle brand.
The Japanese sportswear maker said the move will give the Onitsuka Tiger business greater independence, allowing quicker decision-making and helping the brand compete more effectively.
The business being transferred had generated revenue of 6.663 billion yen in fiscal 2025, primarily consisting of royalties and other income received from regional operating subsidiaries.
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