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    7936   JP3118000003

ASICS CORPORATION

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ASICS : Notice Concerning the Impact of the Tokyo 2020 Olympic and Paralympic Games for the Fiscal Year Ending December 31, 2021

07/08/2021 | 07:32pm EDT

Note: This document is a translation of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

July 9, 2021

Name of the Company: ASICS Corporation

President and COO, Representative Director: Yasuhito Hirota

Executive Officer, Senior General Manager,

Accounting and Finance Division

: Koji Hayashi

Telephone Number

: +81(0)50-1744-3104

Code Number: 7936 Listing Exchanges: Tokyo

Notice Concerning the Impact of the Tokyo 2020 Olympic and Paralympic Games

for the Fiscal Year Ending December 31, 2021

New spectator limit for the Tokyo 2020 Olympic games was announced yesterday. ASICS corporation (the "Company") will contribute to support as a Tokyo 2020 Gold Partner in the category "Sporting Goods".

In addition, the Company already includes the impacts of various scenarios such as a game without spectators in the consolidated business results forecast for the fiscal year ending December 31, 2021 announced on May 13, 2021. Furthermore, reflecting strong sales in major overseas regions, there will be no change of the forecast. In the event that matters to be disclosed occur, the Company will make an announcement of the effect on the business results then.

(Reference) Forecast of the consolidated business results for the fiscal year ending December 31, 2021 (January 1, 2021 - December 31, 2021)

(The full-year percentages indicate the rates of increase or decrease compared with the previous fiscal year)

Profit attributable

Net income per

Net Sales

Operating income

Ordinary income

to owners of

share

parent

MY

%

MY

%

MY

%

MY

%

Yen

385,000

17.1

11,500

10,000

2,000

10.93

Full-year

395,000

20.1

13,500

~-

12,000

~-

3,500

~-

19.13

*Explanation on the appropriate use of the business results forecast and other special notes Forward-looking statements in this document, such as business results forecasts, are based on information currently available to the Company and certain assumptions that the Company considers to be reasonable. The statements are not intended to be a promise by the Company to achieve those results. Actual results may significantly differ from these statements due to various factors.

End

Disclaimer

Asics Corporation published this content on 09 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2021 23:31:06 UTC.


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Net income 2021 4 963 M 45,3 M 45,3 M
Net cash 2021 9 304 M 84,9 M 84,9 M
P/E ratio 2021 93,7x
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Number of Analysts 6
Last Close Price 2 541,00 JPY
Average target price 2 925,00 JPY
Spread / Average Target 15,1%
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Motoi Oyama Chairman & Chief Executive Officer
Yasuhito Hirota President, COO & Representative Director
Koji Hayashi Senior Manager-Finance & Accounting
Hitoshi Kashiwaki Independent Outside Director
Kazuo Sumi Independent Outside Director
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