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ASICS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 3%, Raises Record High Profit Forecast

Wed Nov 12, 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 November 12th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) expanded 124 billion yen, an increase 41.0% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 3.1%, from the previous forecast of 131 billion yen to 135 billion yen (compared to 92.6 billion yen in the previous period), increasing the growth rate from 41.5% to 45.8%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase 7.6%, from the previous forecast of 52.3 billion yen to 56.3 billion yen (compared to 34.7 billion yen in the same period of the previous year), increasing the growth rate from 50.6% to 62.1%.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased 50.6% from the same period last year, reaching 45.8 billion yen. The operating profit margin rose from 17.7% in the same period last year to 20.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 448,105 55,805 54,748 40,280 55.0 108.0 Nov 10, 2023 J-GAAP
Jan - Sep, 2024 525,454 91,523 88,279 64,940 89.6 95.3 Nov 8, 2024 J-GAAP
Jan - Sep, 2025 625,055 127,606 124,500 86,314 120.7 92.2 Nov 12, 2025 J-GAAP
YoY +19.0% +39.4% +41.0% +32.9% +34.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 397,202 54,868 52,374 33,394 46.9 16 Aug 13, 2025 J-GAAP
Jul - Dec, 2025 New 397,202 58,868 56,374 36,394 51.1 16 Nov 12, 2025 J-GAAP
Revision Rate 0.0% +7.3% +7.6% +9.0% +9.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 800,000 136,000 131,000 87,000 122.2 28 Aug 13, 2025 J-GAAP
Dec, 2025 New 800,000 140,000 135,000 90,000 126.5 28 Nov 12, 2025 J-GAAP
Revision Rate 0.0% +2.9% +3.1% +3.4% +3.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 336,327 41,115 34,779 21,587 29.9 10 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 397,202 58,868 56,374 36,394 51.1 16 Nov 12, 2025 J-GAAP
YoY +18.1% +43.2% +62.1% +68.6% +71.2%

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 800,000 140,000 135,000 90,000 126.5 28 Nov 12, 2025 J-GAAP
YoY +17.9% +39.8% +45.8% +41.1% +43.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 208,313 44,511 43,376 31,647 44.3 21.4 May 15, 2025 J-GAAP
Apr - Jun, 2025 194,485 36,621 35,250 21,959 30.7 18.8 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 222,257 46,474 45,874 32,708 45.7 20.9 Nov 12, 2025 J-GAAP
YoY +21.3% +42.9% +50.6% +44.0% +45.8%

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