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ASICS, 24% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Dividend Effectively Increased

Fri Feb 14, 2025 1:00 pm JST Earnings

7936 ASICS Corporation 【J-GAAP】

Earnings Report

ASICS Corporation <7936> [TSE Prime] announced its financial results in the afternoon session on February 14th (13:00). The consolidated ordinary profit for the fiscal year ending December 2024 expanded 82.8% from the previous period to 92.6 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 24.2% to 115 billion yen, marking the fourth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the fourth consecutive term of profit growth.

At the same time, the annual dividend for this fiscal year is 26 yen, taking into account the previous year's forward stock split, this dividend represents an actual increase of 30.0%.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit/loss turned to a profit of 4.32 billion yen (compared to a loss of 4.07 billion yen in the same period last year). The operating profit/loss margin drastically improved from -1.3% in the same period last year to 5.6%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 484,601 34,002 30,913 19,887 27.2 10 Feb 10, 2023 J-GAAP
Dec, 2023 570,463 54,215 50,670 35,272 48.1 16.25 Feb 9, 2024 J-GAAP
Dec, 2024 678,526 100,111 92,601 63,806 88.3 20 Feb 14, 2025 J-GAAP
YoY +18.9% +84.7% +82.8% +80.9% +83.5%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 680,000 100,000 96,000 63,000 88.0 20 Nov 8, 2024 J-GAAP
Dec, 2024 Results 678,526 100,111 92,601 63,806 88.3 20 Feb 14, 2025 J-GAAP
Revision Rate -0.2% +0.1% -3.5% +1.3% +0.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 342,199 58,996 57,822 42,219 58.1 10 Aug 13, 2024 J-GAAP
Jan - Jun, 2025 Guidance ー ー ー ー － 12 Feb 14, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 570,463 54,215 50,670 35,272 48.1 16.25 Feb 9, 2024 J-GAAP
Dec, 2024 678,526 100,111 92,601 63,806 88.3 20 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 780,000 120,000 115,000 78,000 109.6 26 Feb 14, 2025 J-GAAP
YoY +15.0% +19.9% +24.2% +22.2% +24.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 122,358 -1,590 -4,078 -5,008 -6.8 -1.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 174,102 33,812 33,076 26,737 36.7 19.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 168,097 25,184 24,746 15,482 21.3 15.0 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 183,255 32,527 30,457 22,721 31.4 17.7 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 153,072 8,588 4,322 -1,134 -1.6 5.6 Feb 14, 2025 J-GAAP
YoY +25.1% － － +77.4% +77.0%

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