The fast-growing Japanese sportswear brand dropped its Mid-Term Plan 2026, forecasting ¥1,500.0 billion in revenue by 2029, representing a 13% CAGR as it aims to leverage its recent growth to transform into a global integrated enterprise.

Profits at the Korean parent company of Fila and Acushnet fell 23% in the third quarter to KRW 77,965 million ($55.0 mm) from KRW 101,896 million, while consolidated revenue rose to KRW 1,125,415 million ($793.8 mm) from KRW 1,088,201 million, up 5% in constant currency.

Net income improved 9% to ¥190 million ($1.2 mm) from ¥175 million in the fiscal second quarter ended Sep. 30, despite sales down 2% to ¥14,417 million ($90.6 mm) from ¥14,673 million.

Ideal Bicycle’s net loss narrowed by 30% to TWD 88.0 million ($2.7 mm) from TWD 125.4 million, while sales skyrocketed 79% to TWD 808.7 million ($25.3 mm) from TWD 452.5 million.