Finishing out a stellar year and already blowing past 2026 performance targets, the Japanese sportswear giant tallied 21% revenue growth in Q4 to ¥185,861 million ($1,206.0 mm), up from ¥153,072 million, and a profit of ¥12,405 million ($80.5 mm) against a small loss prior. Gross margin was an all-time high 57.8%, up 40 basis points, and SG&A leveraged 210 b.p. on the higher top line to 49.8% of sales. E-commerce continued to grow, gaining 6% to ¥38.4 billion, but declined as a percent of total sales to 20.7% from 23.6%.

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