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ASICS Corporation Reports Record Growth and Profitability

ASICS Corporation Reports Record Growth and Profitability

Asics Corporation ( (ASCCF) ) has released its Q4 earnings. Here is a breakdown of the information Asics Corporation presented to its investors.

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ASICS Corporation is a prominent player in the sports equipment industry, globally recognized for its athletic footwear and apparel. The company has made significant progress in enhancing its brand recognition and market presence across various regions. ASICS recently released its earnings report for the fiscal year ended December 31, 2024, showcasing substantial growth and profitability improvements driven by strategic initiatives and market expansion. The company’s net sales rose by 18.9% to ¥678.5 billion, with operating profit nearly doubling at ¥100.1 billion, reflecting its robust operational performance across categories like Performance Running, SportStyle, and Onitsuka Tiger.

In the latest fiscal year, ASICS achieved remarkable financial results, with net sales and operating profit reaching all-time highs. The company reported a profit attributable to owners of ¥63.8 billion, an 80.9% increase from the previous year. This growth was fueled by strong sales in all regions and categories, particularly in the SportStyle and Onitsuka Tiger segments, which saw significant increases in net sales and profitability. ASICS has also effectively managed its financial position, improving its equity-to-asset ratio and increasing cash reserves.

ASICS’ strategic initiatives have played a crucial role in its success. The company has focused on expanding its presence in high-growth regions such as Southeast Asia and Greater China, while also enhancing its brand through global collaborations and marketing efforts. The company has implemented a stock split, expanded shareholder benefits, and executed capital management strategies to optimize its financial structure. Additionally, ASICS has been active in sustainability initiatives and digital transformation, earning recognition in these areas.

Looking forward, ASICS aims to continue its growth trajectory by focusing on its core categories and regions. The company has set ambitious targets for the coming year, including a forecasted net sales increase to ¥780 billion and operating profit growth to ¥120 billion. By leveraging its strong brand and market position, ASICS intends to further enhance its profitability and shareholder value while maintaining its commitment to sustainability and innovation.

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