- Asics has increased its forecast for the full year operating income to 52.00 billion yen, up from a previous projection of 46.00 billion yen. This beats the estimated 50.7 billion yen.
- Net sales are now expected to reach 570.00 billion yen, a rise from the previously predicted 550.00 billion yen.
- The company also anticipates a net income of 27.50 billion yen, up from the 25.00 billion yen it previously foresaw. However, this is lower than the estimated 31.07 billion yen.
- Asics plans to offer a dividend of 60.00 yen, a bump from the earlier 55.00 yen and higher than the expected 57.00 yen.
- For the third quarter, net sales were reported at 158.03 billion yen, marking a 15% year-on-year increase and surpassing the estimated 148.92 billion yen.
- Operating income for the same period stood at 22.20 billion yen, a 31% year-on-year growth, beating the estimated 17.32 billion yen.
- The net income for the third quarter was 15.48 billion yen, a significant 60% year-on-year increase, and well above the estimated 10.76 billion yen.
- Asics currently has 8 buys, 1 hold, and no sells.
- All these comparisons are based on values reported by the company in its original disclosures.
ASICS Corp on Smartkarma
Mark Chadwick, an independent analyst on Smartkarma, recently published research on ASICS Corp. In his report, Chadwick notes that the recent results from Nike bode well for ASICS Corp, with declining inventories and strong top line performance in China. Chadwick believes that higher operating margins will be the key stock driver and sees 10% upside to fair value. He also expects ASICS Corp to report strong numbers on 8th August, with an upward revision to full year numbers.
Chadwick’s research on ASICS Corp is just one of many reports published on Smartkarma, an independent investment research network that provides a platform for top independent analysts to share their research on companies like ASICS Corp. The sentiment of Chadwick’s research is bullish, and his report is just one of many insights into ASICS Corp that can be found on Smartkarma.
A look at ASICS Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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 Corp is a leading global manufacturer of general sporting goods and equipment. It has a strong presence in the United States, Europe, Australia, and Asia. According to Smartkarma’s Smart Scores, the company has a promising long-term outlook. It has been given a 5 for Growth, Momentum, and Value, and a 3 for Resilience. Furthermore, the company has been given a 1 for Dividend, indicating that it is unlikely to offer dividends in the future.
Overall, the long-term outlook for ASICS Corp is positive. Its high scores for Growth, Momentum, and Value suggest that the company is well-positioned to capitalize on the growing demand for sporting goods and equipment. Additionally, its score of 3 for Resilience indicates that the company is capable of adapting to market changes. Despite its low score for Dividend, ASICS Corp is likely to remain a strong player in the sporting goods and equipment 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
