Asics Raises Guidance as Supply Improves
Net income jumped 158% in the second quarter to ¥4,812 million ($37.1 mm) from ¥1,865 million last year, as revenues increased 16% to ¥119,751 million ($923.3 mm) from ¥102,929 million.
Net income slipped 16% in the second quarter to KRW 114,442 million ($90.8 mm) from KRW 135,750 million, bolstered by a strong result from Acushnet, as consolidated revenues increased 15% to KRW 1,171,903 million ($930.1 mm) from KRW 1,019,354 million.
In its third-round of layoffs, the troubled connected fitness company is letting go 784 employees across its distribution and customer service teams as well as raising prices as part of its turnaround plan, Bloomberg first reported.
Goldwin’s net income more than doubled to ¥2,603 million ($20.1 mm) in FQ1 ended Jun. 30 from ¥1,235 million last year, on 24% higher revenues of ¥21,099 million ($162.7 mm), up from ¥17,078 million as Covid restrictions eased.