ASICS Corp. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for the First Half and Full Year of 2016
May 09, 2016 at 11:00 am EDT
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ASICS Corp. announced consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net sales of JPY 117,769 million compared with JPY 117,445 million for the same period a year ago. Operating income was JPY 15,410 million compared with JPY 15,387 million for the same period a year ago. Ordinary income was JPY 13,104 million compared with JPY 12,162 million for the same period a year ago. Profit attributable to owners of parent was JPY 9,328 million or JPY 46.43 per diluted share compared with JPY 8,515 million or JPY 42.38 per diluted share for the same period a year ago.
The company provided earnings guidance for the first half and full year of 2016. For the first half, the company expects to report net sales of JPY 219,000 million, operating income of JPY 16,000 million, ordinary income of JPY 15,000 million and profit attributable to owners of parent of JPY 10,500 million or JPY 55.32 per share.
For the full year 2016, the company expects to report net sales of JPY 437,000 million, operating income of JPY 29,000 million, ordinary income of JPY 27,000 million and profit attributable to owners of parent of JPY 18,500 million or JPY 97.46 per share.
ASICS Corporation is a Japan-based company mainly engaged in the manufacture and sale of sports products, such as sports shoes, sportswear, sports equipment and others. The Company operates through six business segments. The Japan Region, Americas Region, Europe Region (including the Middle East and Africa), Oceania/Southeast and South Asia Region, and the East Asia Region segment mainly sell sporting goods. The Others segment is engaged in the manufacture and sale of HAGLOFS brand outdoor products.
ASICS Corp. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for the First Half and Full Year of 2016