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Article Date: February 2022
Word Count: 267

Asics More than Doubles Earnings Guidance

Net income attributable to shareholders is now expected to come in at ¥9,000 million ($82 mm) for the year, up from previous guidance of ¥4,000 and lapping 2020’s ¥16,126 million loss. Revenues are now expected to hit ¥400,000 million ($3,644 mm) instead of ¥395,000 million, a 22% improvement from ¥328,784 million the year before. The top line gains were driven by better-than-expected results from Performance Running and Core Performance Sports, and strong sales in Europe and Greater China. Profits will benefit from the additional booking of deferred tax assets, based on the company outperforming its Mid-Term Plan 2023 that it ... Log in to view full article.


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