Onitsuka Tiger has established a Spanish subsidiary, Onitsuka Tiger Iberia S.L., domiciled in Barcelona, Modaes reports. The country’s commercial registry (Borme) does indeed list an active company with that name under NIF B93854016.
Currently controlled by Asics, the Japanese brand set up the subsidiary last July, for the import, export, distribution, marketing, promotion and retail sale (on- and offline) of footwear, clothing, accessories, and related fashion and lifestyle products.
Onitsuka Tiger Europe is the sole shareholder. Yoomi Suh, a European executive for Onitsuka Tiger and proxy holder of Asics’s Spanish subsidiary, serves as sole administrator. Share capital stands at €16,000. The subsidiary is headquartered on Passeig de Gràcia, one of Barcelona’s most expensive high streets.
The filing became public a month before Onitsuka Tiger’s planned spin-off from Asics. As we then reported, Asics announced in June its intention to transfer the Onitsuka Tiger business to a subsidiary, OT Group Corp, with the agreement due to be signed in October and take effect in January 2027.
Onitsuka Tiger began operating directly in Spain a year earlier, in March 2025, when it opened its first store in the country. The two-story flagship is situated at the same address as the subsidiary.
Onitsuka Tiger posted global revenue of ¥136.5 billion (€876m) in 2025, up 43.2 percent on 2024, with a net result of ¥51.5 billion (€329m) and a margin of 37.7 percent. Its business has of late been growing fast in Europe. Parent company Asics closed 2025 with revenue of ¥810.9 billion (€4.47bn), up 19.51 percent from ¥678.5 billion (€3.74bn), and a net result of ¥98.7 billion (€543m), up 54.7 percent.
