Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. ASICS Corporation
  6. News
  7. Summary
    7936   JP3118000003

ASICS CORPORATION

(7936)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

ASICS : Notice Concerning the Revision of the Consolidated Business Results Forecast for the Fiscal Year Ending December 31, 2021

05/13/2021 | 02:48am 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.

May 13, 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 Revision of the Consolidated Business Results Forecast

for the Fiscal Year Ending December 31, 2021

ASICS Corporation (the "Company") hereby announces revision of the consolidated business results forecast for the fiscal year ending December 31, 2021.

1. Revision of the consolidated business results forecast for the fiscal year ending December 31, 2021 (January 1, 2021 - December 31, 2021)

(Amount: million yen)

Profit

Net sales

Operating

Ordinary

attributable

Net income

income

income

to owners of

per share

parent

Previous forecast (A)

370,000

7,000

4,000

2,000

10.94

~385,000

~10,000

~7,000

~3,500

~19.14 yen

New forecast (B)

385,000

11,500

10,000

2,000

10.93

~395,000

~13,500

~12,000

~3,500

~19.13 yen

Amount changed (B-A)

10,000

3,500

5,000

-

-

~15,000

~4,500

~6,000

Percentage of change (%)

2.6

35.0

71.4

-

-

~4.1

~64.3

~150.0

(Reference)

Actual results for the fiscal

328,784

(3,953)

(6,923)

(16,126)

(88.17) yen

year ended December 31, 2020

2. Reasons for the revision of the consolidated business results forecast

In the first quarter ended March 31, 2021, the sales increased mainly in North America, Europe, Greater China and Oceania along with the strong growth in Performance Running category. Operating Income returned to the black with improvement of gross profit ratio and S.G.& A. control. However, the Company expects that the severe external environment would continue due to the coronavirus disease (COVID-19) and some geopolitical risks. Although profitability of temporary events is expected to be lower than the initial prediction announced in February 2021, the Company made an upward revision to the net sales, operating income and ordinary income due to the strong sales momentum mainly in Performance Running category.

Profit attributable to owners of parent is the same as previous forecast, because, at this point, the impact of the external environment such as COVID-19is uncertain and there would be a possibility to record an extraordinary loss. The updated forecast also has a range in consideration of the above uncertain factors.

1

With respect to this consolidated business results forecast, the actual results may differ significantly from this forecast due to various factors such as another major downturn in economic activity because of COVID-19. In the event that matters to be disclosed occur, the Company will make an announcement of the effect on the business results then.

*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

2

Disclaimer

Asics Corporation published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 06:47:01 UTC.


ę Publicnow 2021
All news about ASICS CORPORATION
09/16DUN & BRADSTREET : CNIPA Released First Batch Of IP Rights Administrative Enforcement
AQ
09/15Japanese shares slip as investors take breather after recent rally
RE
09/10ASICS : MOVE YOUR MIND WITH THE NEW ASICS GT-2000™ 10, DELIVERING HIGH LEVEL COMFORT..
PU
09/06ASICS : Ventures invests in deportare technologies which develops fitness trainer speciali..
PU
08/20ASICS : PEACE AND VICTORY AT THE HEART OF THE “JAPANESE TRADITIONAL ART” INSPI..
PU
08/16Asics Swings Back to Profit in H1
MT
08/13ASICS : Notice Concerning the Revision of the Consolidated Business Results Forecast for t..
PU
08/13ASICS Corporation Provides Dividend Guidance for the Year End of Fiscal Year Ending Dec..
CI
08/13ASICS Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending Dec..
CI
08/13ASICS Corporation Announces Dividend for the End of Second Quarter of Fiscal Year Endin..
CI
More news
Analyst Recommendations on ASICS CORPORATION
More recommendations
Financials
Sales 2021 389 B 3 558 M 3 558 M
Net income 2021 4 963 M 45,4 M 45,4 M
Net cash 2021 9 304 M 85,2 M 85,2 M
P/E ratio 2021 94,3x
Yield 2021 0,94%
Capitalization 468 B 4 287 M 4 288 M
EV / Sales 2021 1,18x
EV / Sales 2022 1,13x
Nbr of Employees 8 904
Free-Float 92,2%
Chart ASICS CORPORATION
Duration : Period :
ASICS Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ASICS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 2 559,00 JPY
Average target price 2 920,00 JPY
Spread / Average Target 14,1%
EPS Revisions
Managers and Directors
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
Sector and Competitors
1st jan.Capi. (M$)
ASICS CORPORATION29.24%4 249
PELOTON INTERACTIVE, INC.-33.61%30 269
CALLAWAY GOLF COMPANY25.49%5 603
ACUSHNET HOLDINGS CORP.22.72%3 677
MIPS AB (PUBL)86.41%2 892
FENIX OUTDOOR INTERNATIONAL AG45.42%2 290