ASICS : Notice Concerning Recording of Extraordinary Losses

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.

January 4th, 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	: [phone]

Code Number: 7936 Listing Exchanges: Tokyo

Notice Concerning Recording of Extraordinary Losses

ASICS Corporation (the "Company") hereby announces that it expects to record extraordinary losses for the fiscal year ending December 31, 2020 (January 1, 2020 - December 31, 2020).

1. Recording of extraordinary losses

We determined the closure of the ASICS 5th Avenue Flagship store of the North American subsidiary. For the fiscal year December 31, 2020, the Company expects to record approximately ¥2.3 billion as the loss on the cancellation of lease contract and the loss on the impairment of the related fixed assets. Amid the uncertainties regarding when the novel coronavirus disease (COVID-19) pandemic will end, the Company will further improve the profitability of the North American business by closing this store, considering the business risk of continuing to operate the store and other factors.

2. Impact on the consolidated business results

There is no impact on the consolidated business results forecast for the fiscal year ending December 31, 2020, announced on November 6, 2020.

End

【Reference：Information of the closing store】

・Store appearance：

・Address：579 Fifth Ave, New York, NY 10017

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・Overview of the closing store

Name	ASICS 5th Avenue Flagship
Store opened/closing	December 2017: Store opened
December 2020: Store closing
Floor area	698 m2
Product lineup	ASICS: running, training, tennis, sport style footwear, apparel and
accessories