The operating profit surged 39.4 per cent to ¥127.61 billion (~$825.1 million), supported by a 21.4 per cent rise in gross profit to ¥353.17 billion, reflecting improved margins and higher volumes. The ordinary profit grew 41 per cent to ¥124.5 billion, while profit attributable to owners of parent increased 32.9 per cent to ¥86.31 billion. Basic earnings per share (EPS) stood at ¥120.66 after reflecting the previous year’s 4-for-1 stock split. Diluted EPS also increased to ¥120.57 from ¥89.55 a year earlier.
ASICS has posted strong 9M FY25 results with net sales up 19 per cent to ¥625.06 billion (~$4.04 billion) and operating profit rising 39.4 per cent to ¥127.61 billion (~$825.1 million), supported by improved margins and broad demand across regions.
SportStyle and Onitsuka Tiger led growth.
Net assets strengthened.
Full-year forecast to ¥800 billion (~$5.17 billion) in sales.
Performance Running delivered ¥284.31 billion in sales, up 10.1 per cent, with Japan and Europe leading demand. Category profit improved 18.1 per cent. Core Performance Sports grew 7.3 per cent to ¥69.61 billion, with category profit rising 16.7 per cent. Apparel and Equipment sales climbed 10.7 per cent, supported by strong European momentum, while category profit jumped 51.4 per cent, ASICS Corporation said in a press release.
SportStyle and Onitsuka Tiger emerged as the fastest-growing divisions—SportStyle sales rose 45.2 per cent to ¥109.04 billion, and Onitsuka Tiger surged 45.7 per cent to ¥99.88 billion. Category profits increased 57.8 per cent and 51.4 per cent respectively.
Region-wise, Japan posted a 22.5 per cent sales increase to ¥152.1 billion with segment profit soaring 60.7 per cent. Europe grew 25 per cent, reaching ¥178.93 billion in sales, while Greater China expanded 18.8 per cent. North America recorded a 7.9 per cent increase despite strategic EC reductions. Southeast and South Asia saw a strong 33.3 per cent rise in sales, and Oceania delivered moderate growth of 8.4 per cent.
Total assets reached ¥554.09 billion, up 6.8 per cent from December 2024, supported by higher receivables and ongoing investments in logistics infrastructure and software. Net assets increased 16.9 per cent to ¥274.56 billion, driven by retained earnings, while liabilities edged lower by 1.6 per cent.
The company confirmed its dividend projections, with a forecast full-year payout of ¥28 per share for FY25. The company also upgraded its full-year forecast, now expecting ¥800 billion (~$5.17 billion) in net sales (+17.9 per cent), ¥140 billion in operating profit (+39.8 per cent), and ¥90 billion in profit attributable to owners of parent (+41.1 per cent).
Fibre2Fashion News Desk (SG)
