Notice Regarding Company Split (Simplified Absorption-Type Split) with a Consolidated Subsidiary and Decision on Subsidiary Reorganization Policy

ASICS Corporation (the "Company") hereby announces that, at the meeting of its Board of Directors held today, it resolved that the business related to the Onitsuka Tiger brand (the "Onitsuka Tiger Business") will be succeeded by OT GROUP Corporation ("OT GROUP"), a wholly owned subsidiary, through an absorption-type company split (the "Company Split"), with an effective date of January 1, 2027 (scheduled). In addition, the Company resolved a policy to spin off the Onitsuka Tiger Business within regional subsidiaries and reorganize it under OT GROUP.

A portion of the disclosure-related matters and content has been omitted because the Company Split is the Company's simplified absorption-type split on a parent basis.

Purpose of the reorganization

In recent years, the Onitsuka Tiger Business has experienced accelerated global growth, driven by the expansion of its geographic footprint and increased brand recognition. Under the internal company system, the business has promoted initiatives centered on the expansion of directly operated stores and has worked to establish its position as a "luxury lifestyle brand."

Through this reorganization, the Company will transition the Onitsuka Tiger Business to a more independent operating structure. This is expected to enable faster decision-making and enhance the creation of competitiveness tailored to the brand's unique characteristics. In addition, across the ASICS Group as a whole, the Company will strengthen its governance framework while enhancing the visibility of business performance by segment and clarifying management accountability.

Through these measures, the Company aims to further enhance the brand value of Onitsuka Tiger, achieve sustainable business growth, and increase the overall corporate value of the ASICS Group.

Outline of the reorganization

The Company will spin off the Onitsuka Tiger Business operated by the Company and its regional business entities in each country, and reorganize the structure so that OT GROUP will serve as the global headquarters for the Onitsuka Tiger Business, with subsidiaries under its umbrella responsible for functions such as sales and manufacturing.

Outline of the Company Split

1. Schedule of the Company Split

Note: As this Company Split is a simplified absorption-type split for which Article 784, Paragraph 2 of the Companies Act applies, approval by the Company's general meeting of shareholders is not required.

1. Method of the Company Split

This is an absorption-type company split in which the Company will be the splitting company and OT GROUP, a wholly owned subsidiary of the Company, will be the succeeding company.

1. Details of the allocation relating to the Company Split

In connection with the Company Split, OT GROUP will newly issue 400 shares of common stock and allot and deliver all such shares to the Company.

1. Treatment regarding stock acquisition rights and bonds with stock acquisition rights following the Company Split

There will be no changes to the stock acquisition rights issued by the Company as a result of the Company Split. In addition, the Company has not issued any bonds with stock acquisition rights.

1. Increase or decrease in capital as a result of the Company Split

There will be no increase or decrease in the Company's stated capital as a result of the Company Split.

1. Rights and obligations assumed by the succeeding company

OT GROUP will succeed to the assets, liabilities, contracts, and other rights and obligations related to the Onitsuka Tiger Business of the Company within the scope specified in the absorption-type company split agreement.

1. Prospects for the performance of obligations

After the effective date of the Company Split, the Company has determined that there will be no issues with the performance of the obligations to be assumed by OT GROUP.

Profiles of the parties involved in the Company Split

Note: The capital, number of issued shares, and major shareholders and shareholding ratios of the splitting company are as of December 31, 2025. The shareholding ratios are calculated by dividing the number of shares held by the total number of issued shares, excluding treasury shares.

Outline of the business division to be Split

1. Details of the business to be Split
   The Onitsuka Tiger Business of the Company
2. Operating Results of the Business to be Split
   Net Sales (non-consolidated): 6,663 million yen (for the fiscal year ended December 2025).
   This amount represents royalties and other income received by the Company from its regional operating subsidiaries in each country.
3. Items and amounts of assets and liabilities to be Split

Status after the Company Split

There will be no changes in the name, address, title and name of representative, description of business, capital, or fiscal year-end of the Company as the splitting company and OT GROUP as the succeeding company after the Company Split.

Future outlook

This Company Split constitutes an organizational restructuring involving the Company and its consolidated subsidiary, and its impact on the Company's consolidated financial results will be minimal.