Asahi Co., Ltd. Provides Earning Guidance for the Six Months Ending August 2023 and Fiscal Year Ending February 20, 2024
June 26, 2023 at 02:00 am EDT
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Asahi Co., Ltd. provided earning guidance for the six months ending August 2023 and fiscal year ending February 20, 2024. For the six months, the company expects net sales to be JPY 45,000 million. Operating profit to be JPY 4,300 million. Profit to be JPY 2,950 million. Basic earnings per share to be JPY 112.96.
For the full year, the company expects net sales to be JPY 80,000 million. Operating profit to be JPY 5,200 million. Profit to be JPY 3,400 million. Basic earnings per share to be JPY 130.19.
ASAHI CO., LTD. is a Japan-based company mainly engaged in the sale of bicycles, parts and accessories, as well as the provision of maintenance and repair services for bicycles. Its bicycle products include ordinary bicycles, sports bicycles, children bicycles, electric bicycles and foldable bicycles. It is also involved in the sale of bicycle parts and accessories through the Internet. The Company carries bicycles of original brands as well as private brands manufactured from overseas, and provides its products to home centers (HCs).