- Asics has increased its full-year operating income forecast to 140 billion yen, higher than its previous forecast of 136 billion yen and slightly above the estimate of 139.86 billion yen.
- The company forecasts net income at 90 billion yen, compared to the previous figure of 87 billion yen, and closely matching the estimate of 90.31 billion yen.
- Asics maintains its net sales projection at 800 billion yen.
- The dividend per share remains unchanged at 28 yen, slightly below the estimated 28.06 yen.
- Nine-month sales performance:
- Japan: 152.10 billion yen, a 22% increase year-over-year.
- North America: 112.47 billion yen, up by 7.9% year-over-year.
- Europe: 178.93 billion yen, a significant rise of 25% year-over-year.
- Greater China: 92.97 billion yen, increasing by 19% year-over-year.
- Oceania: 34.66 billion yen, an 8.4% growth year-over-year.
- Southeast & South Asia: 38.30 billion yen, surging 33% year-over-year.
- Rest of the World: 39.29 billion yen, a rise of 8.3% year-over-year.
- Third-quarter results highlight strong growth:
- Net sales totaled 222.26 billion yen, a 21% increase year-over-year, surpassing the estimate of 218.53 billion yen.
- Operating income reached 46.47 billion yen, up 43% year-over-year, exceeding the estimate of 44.86 billion yen.
- Net income was 32.71 billion yen, a substantial 44% rise year-over-year, outpacing the estimate of 29.11 billion yen.
- Following these results, Asics shares rose by 3.5% to 3,901 yen with a total volume of 4.96 million shares traded.
- The stock received 13 buy recommendations, alongside 1 hold and 1 sell rating.
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ASICS Corp on Smartkarma
Analysts on Smartkarma, like Mark Chadwick, have been closely following ASICS Corp, a leading performance running brand with a 10% global market share surpassing Nike. In one report titled “ASICS (7936) | Growth Trajectory Intact, Optionality Expanding“, Chadwick highlights the company’s potential for further growth, especially in adjacent categories poised for US/Asia expansion. Additionally, the report mentions the strong growth potential of ASICS’ lifestyle brands like SportStyle and Onitsuka Tiger, indicating higher margins and long-term profit prospects.
In another analysis named “Asics (7936) | Q1 Earnings Impress, But Market Reacts to Unchanged Guidance“, Chadwick notes that despite strong first-quarter results, ASICS stock dropped 8.6% due to investors’ disappointment over the lack of upward guidance revision. However, the positive outlook for ASICS remains steady as the company manages uncertainties effectively while reinforcing its brand strength in the market.
A look at ASICS Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ASICS Corporation, a manufacturer of general sporting goods and equipment, shows a promising long-term outlook based on the Smartkarma Smart Scores. With a strong score of 5 in Growth, the company is expected to experience significant positive development over time in terms of expanding its market presence and increasing its revenue streams. Moreover, ASICS Corp also scores well in Resilience with a score of 4, indicating its ability to withstand challenges and maintain stability in the face of market fluctuations.
Although ASICS Corp scores lower in certain areas such as Value and Dividend with scores of 2, its high Growth and Resilience ratings suggest a bright future ahead. Momentum, with a score of 3, also indicates a steady pace of advancement for the company. Overall, ASICS Corp appears to have a favorable outlook for long-term growth and stability in the competitive sporting goods industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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