Bolstered by double-digit sales growth across all global regions in Q2, Asics Corp. raised its full-year guidance late last week. The Japanese group is now forecasting 11.9 percent annual revenue growth to ¥660,000 million (€3.82bn) and a 64 percent increase in operating income to ¥95,000 million (€550.1m) for the 12 months ending Dec. 31, 2024. Annual net profit attributed to the parent is expected to rise 61 percent to ¥58,000 million (€335.9m), with a full-year gross margin pegged at approximately 55 percent.
H1 sales are forecast to increase by 17.9 percent year-over-year to ¥341.9 billion (€1.98bn) for the six months ended June 30 with Sportstyle (+64%), Onitsuka Tiger (+55%), and Performance Running (+14%) each posting double-digit increases. By region, Greater China sales were up by 31.7%, followed by Southeast/South Asia (+31.3%), North America (+21.0%), Europe (+16.7%), and Oceania (+9.4%) on a percentage basis.
Meanwhile, in Q2, preliminary net sales rose by 21.8 percent year-over-year to ¥167.8 million (€971.7m) with all three segments – Sportstyle (+79.5%), Onitsuka Tiger (+60.4%) and Performance Running (+18.6%) – generating double-digit, year-over-year sales gains. The brand’s European sales rose by 26.9 percent in Q2, behind China (+37.7%) and Southeast/South Asia (+30.3%) on a percentage basis but ahead of Japan (+24.3%) and North America (+16.2%).
