Asics Sets New Targets after Shattering Forecasts
Last year’s renewed focus on profitability is performing well ahead of guidance, leading Asics to raise the ceiling on its 2026 targets, the company revealed at its 11th semi-annual Investment Day, alongside new project plans fueled by the rising cash flow. Operating income headlined the day’s presentation as it pulls north of initial targets, now expected to hit ¥100.0 billion ($670 mm) in 2024 with a 14.7% margin compared to Nov. ’23 Investment Day’s original forecast of ¥58.0 billion at 9.8%. The revised figures are an 85% increase over ¥54.2 billion ... Log in to view full article.