ASICS Corporation Announces Consolidated Earnings Results for the Fiscal Year Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal First Half and Full Year Ending December 31, 2019
February 13, 2019 at 01:00 am EST
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ASICS Corporation announced consolidated earnings results for the fiscal year ended December 31, 2018. For the period, the company reported, net sales of JPY 386,662 million as compared to JPY 400,157 million for the same period last year. Operating income was JPY 10,515 million as compared to JPY 19,571 million for the same period last year. Loss attributable to owners of parent was JPY 20,327 million as compared to profit of JPY 12,970 million for the same period last year. Net loss per share was JPY 107.59 million compared to net income per share of JPY 68.33 a year ago.
The company provides earnings guidance for the first half and full year of fiscal year ending December 31, 2019. For the fiscal first half of 2019, the company expected net sales of JPY 195,000 million. Operating income expected to be JPY 7,000 million. Profit attributable to owners of parent to be JPY 3,000 million. Earnings per share to be JPY 15.90 per share.
For the full year of 2019, the company expected net sales of JPY 390,000 million. Operating income expected to be JPY 12,000 million. Profit attributable to owners of parent to be JPY 5,000 million. Earnings per share to be JPY 26.50 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 Corporation Announces Consolidated Earnings Results for the Fiscal Year Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Fiscal First Half and Full Year Ending December 31, 2019