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ASICS CORPORATION

Company Profile Analysis

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ASICS CORPORATION - ICT showcase

Year Founded & Workforce

1949

8,861 Employees

Industry

ICT

Services

Fitness AppGlobal Socks Market
A

ASICS CORPORATION Employee Contacts

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ASICS CORPORATION Overview

Company Headquarters: Japan

Founded: 1949

Workforce: ~ 8,861

Company Working: ASICS Corporation is a multinational corporation specializing in athletic footwear, apparel, and equipment. The company was founded in Kobe, Japan and its name is an acronym for "Anima Sana In Corpore Sano," which means "a sound mind in a sound body" in Latin. The company is now headquartered in Tokyo, Japan and has operations in more than 100 countries worldwide. ASICS offers a wide range of athletic products for various sports, including running, training, volleyball, tennis, and wrestling. The company is known for its innovative technologies, such as its Gel cushioning system, which provides excellent shock absorption and comfort to runners. ASICS also collaborates with various athletes and sports teams to create specialized products that meet their specific needs. In addition to its focus on athletic products, ASICS is committed to sustainability and has implemented various initiatives to reduce its environmental impact. For example, the company has set a goal to reduce its greenhouse gas emissions by 30% by 2030 and has implemented sustainable materials and manufacturing processes in its products.

Strategy

Innovation: ASICS has always been committed to innovation in its products. The company invests heavily in research and development to create new and better products that meet the needs of athletes. ASICS has a range of proprietary technologies that are used in its products, such as Gel cushioning, FlyteFoam, and Trusstic System. These technologies are constantly being refined and improved to enhance performance.

Brand Building: ASICS has a strong brand image that is recognized globally. The company has been able to build this strong brand by consistently providing high-quality products that meet the needs of athletes. ASICS has also been able to create a strong emotional connection with its customers by promoting an active and healthy lifestyle.

Sustainable Practices: ASICS is committed to sustainability and reducing its impact on the environment. The company has set a goal to reduce its CO2 emissions by 30% by 2030. ASICS is also working to reduce waste and increase the use of sustainable materials in its products.

E-commerce: ASICS is investing heavily in e-commerce as a way to reach more customers and provide a better shopping experience. The company has launched a range of online stores in different countries and is also partnering with third-party e-commerce platforms.

Company Snapshot

$3,420M

Revenue

8,861

Employees

1949

Founded

Japan

Headquarters

SWOT Analysis

Strengths

  • Global market presence
  • High focus on research and development
  • Strong brand reputation
  • Diversified product portfolio
  • Global presence
  • Investment in R&D

Weaknesses

  • Decline in profitability
  • Dependence on the Japanese market
  • Limited product differentiation
  • Limited e-commerce presence

Opportunities

  • Strategic growth initiatives
  • Growing demand sports and fitness apps
  • Expansion into new markets
  • Growing interest in health and fitness

Threats

  • Intense market competition
  • Fluctuations in currency exchange rates
  • Economic downturns
  • Intense competition
  • Changing consumer preferences

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Product Offering

  • ASICS CORPORATION
    • Fitness App
    • Global Socks Market

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Sales rose from USD 3.4 Bn in 2017 to USD 3.5 Bn in 2019.
ASICS CORPORATION — By Business Segment
Series (USD Bn)201720182019
Global Sales3.43.53.5

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