For the third quarter Asics’ net sales grew by 12per cent. The company’s gross profit also increased by 12 per cent. Operating income increased 0.7 per cent mainly due to the impact of the increase in net sales. Ordinary income decreased four per cent mainly due to the impact of the increase in foreign exchange loss.
Net sales of the performance running category increased 17 per cent. Asics is a Japanese multinational sporting goods company. For the sports style category, net sales increased 18 per cent. Category profit increased 13 per cent. Total assets increased 28 per cent from the end of the previous fiscal year, total liabilities increased 23 per cent and total net assets increased 35 per cent.
According to the company’s forecast for the fiscal ending December 31, 2022, net sales are expected be 18 per cent more than the net sales of the previous fiscal, while operating income is estimated to be 54 per cent up from the previous fiscal. The company is expecting its ordinary income to be 44 per cent up from the previous fiscal, while the profit attributable to owners of parent is expected to be 123 per cent up from the previous fiscal.
