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

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.

February 1, 2022

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	: [phone]

Code Number: 7936 Listing Exchanges: Tokyo

Notice Concerning the Revision of the Consolidated Business Results Forecast

for the Fiscal Year Ended December 31, 2021

ASICS Corporation (the "Company") hereby announces revision of the consolidated business results forecast for the fiscal year ended December 31, 2021 disclosed on November 5, 2021, as described below.

1. Revision of the consolidated business results forecast for the fiscal year ended 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)	395,000	20,000	19,000	4,000	21.86 yen
(November 5, 2021)
New forecast (B)	400,000	21,500	22,000	9,000	49.18 yen
Amount changed (B-A)	5,000	1,500	3,000	5,000	－
Percentage of change (%)	1.3	7.5	15.8	125.0	－
(Reference)
Actual results for the fiscal	328,784	(3,953)	(6,923)	(16,126)	(88.17)
year ended
December 31, 2020

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

In terms of categories, Performance Running and Core Performance Sports performed better than the previous forecast. By regional perspective, Europe and Greater China exceeded the previous forecast. In addition, the Company revised the consolidated business results forecast of net sales, operating income, ordinary income and profit attributable to owners of parent because of the additional booking of deferred tax assets since the business performance in the future is expected to exceed the Mid-Term Plan 2023 announced last February and the recoverable amount of deferred tax assets based on estimated taxable income in future years is scheduled to increase from 2022 onward.

Note that it is possible that this consolidated business results forecast could end up being significantly different from actual results due to various factors. If any significant events that should be disclosed occurs the company will announce the impact 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