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Article Date: February 2020
Word Count: 394

Asics Swings to Profit in 2019 As It Invests In Marketing

Net income was ¥7,097 million ($62.9 mm) against a loss of ¥20,327 million for the FY ended Dec. 31 as sales fell 2% to ¥378,050 million ($3,351.5 mm) from ¥386,662 million though operating income was essentially flat at ¥10,634 million against ¥10,515 million. For the final quarter, Asics had an indicated net profit of ¥169 million ($1.5 mm) against a net loss of ¥28,615 million with sales up 1% to ¥91,884 million ($814.6 mm) from ¥90,982 million.


Asics billed 2019 as a year of revival built around key sports events starting with the World Rugby Championship in 2019 followed by the ... Log in to view full article.


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