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

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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	109.4	26	Feb 14, 2025	J-GAAP
YoY	+15.0%	+19.9%	+24.2%	+22.2%	+23.9%

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%