ASICS : Notice Concerning Partial Amendments to the Articles of Association

Note: This document is a translation of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

February 18, 2022

Name of the Company: ASICS Corporation

President and COO, Representative Director: Yasuhito Hirota

Executive Officer, Senior General Manager

Legal & IP Division	: Takeshi Horikomi
Telephone Number	: [phone]

Code Number: 7936 Listing Exchanges: Tokyo

Notice Concerning Partial Amendments to the Articles of Association

ASICS Corporation (the "Company") hereby announces that it resolved at a meeting of the Board of Directors held today to propose amendments to the Articles of Association described below, to the Company's 68th Ordinary General Meeting of Shareholders to be held on March 25, 2022.

1. Reason for Proposal

Under the 2019 amendment of the Companies Act, companies are allowed to take measures for providing reference materials, etc. for the general meeting of shareholders in an electronic format, and on and after the date of enforcement of the amended Companies Act on electronic provision measures, i.e., September 1, 2022, companies issuing book-entry transfer shares (listed companies) are under obligation to stipulate in their articles of association that they will take electronic provision measures for information constituting reference materials for the general meeting of shareholders. In accordance with the foregoing, the Company intends to make necessary amendments to the Articles of Association.

	2. Details of Amendments
The details of the amendments are as follows:
			(Underlined parts indicate the amendments.)
	Current		Proposed Amendments
	(Disclosure of Reference Documents for the		(Deleted)
	General Meeting of Shareholders on the Internet,
	Deemed Provision of Such Documents to
	Shareholders)

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Article 15. At the time of convocation of a general meeting of shareholders, the Company may disclose information on items which are to be described or indicated in reference documents for the general meeting of shareholders, business reports, calculation sheets, and consolidated statements by utilizing the Internet pursuant to provisions of the Ministry of Justice and the Company may deem that such

information was provided to

shareholders.

(Newly Established)

(Newly established)

(Electronic Provision Measures, etc.)

Article 15 The Company takes electronic

provision measures with regard to information constituting reference documents for the general meeting of shareholders at the time of convocation of such meeting.

2. Among the matters for which the electronic provision measures will be taken, the Company may omit all or part of the matters prescribed in the Ordinance of the Ministry of Justice in the document that will be delivered to shareholders who requested the delivery of the document in a form of paper by the record date of voting rights.

March 25, 2022 Supplementary Provisions for Amendments

(Effective Date for Newly Established Electronic Provision Measures, etc. and Transitional Measures therefor)

1. The deletion of Article 15 of the current Articles of Association (Disclosure of Reference Documents for the General Meeting of Shareholders on the Internet, Deemed Provision of Such Documents to Shareholders) and the establishment of Article 15 of the proposed amendment (Electronic Provision Measures, etc.) shall be effective from September 1, 2022.
2. Notwithstanding the provision of Paragraph (i), Article 15 of the current Articles of Association (Disclosure of Reference Documents for the General Meeting of Shareholders on the Internet, Deemed Provision of Such Documents to Shareholders) shall remain effective regarding any general meeting of shareholders held on a date within six (6) months from September 1, 2022.

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3. This supplementary provision shall be automatically deleted on the later of the date when six (6) months has passed from September 1, 2022 or the date when three (3) months has passed from the date of a general meeting of shareholders under Paragraph 2.

3. Schedule for Amendments

Date of the General Meeting of Shareholders to be held

for the partial amendments to the Articles of Association: March 25, 2022 (scheduled)

Effective date for the partial amendments to the Articles of Association: Same as above

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