Earnings Alerts

**ASICS Corp (7936) Earnings: 2Q Net Sales and Income Beat Estimates with Strong Year Forecast**

  • Net Sales Surged: Asics reported net sales of 168.10 billion yen for 2Q, a 22% increase year-over-year, surpassing estimates of 157.6 billion yen.
  • Operating Income Doubled: The company’s operating income was 25.18 billion yen, more than double the previous year’s 11.49 billion yen, and higher than the estimated 19.53 billion yen.
  • Net Income Boomed: Asics’ net income reached 15.48 billion yen, an 82% increase year-over-year.
  • Full-Year Forecast: Asics maintains its full-year forecast for net sales at 660.00 billion yen, operating income at 95.00 billion yen (above the 85.92 billion yen estimate), and net income at 58.00 billion yen (surpassing the 55.21 billion yen estimate).
  • Analyst Ratings: The company has received 8 buy ratings, 1 hold rating, and 0 sell ratings.
  • Comparison Base: The comparisons are based on the company’s originally reported values.

ASICS Corp on Smartkarma

Analyst coverage of ASICS Corp on Smartkarma has been a mix of bullish and bearish sentiments recently. Sumeet Singh, in the “ECM Weekly” report, focuses on upcoming IPOs and placements, with a lean towards bullish sentiment. On the other hand, Arun George‘s report “ASICS (7936 JP): The Current Playbook” highlights positive returns for investors in previous Japanese placements, indicating a bullish outlook. However, Sumeet Singh‘s “ASICS Placement Updates” and Brian Freitas‘s “Asics (7936 JP): Huge Forecast Revision” reports present a bearish perspective, with concerns about share price corrections and limited passive buying offset by forecast revisions.

While Sumeet Singh‘s “ASICS Placement – Needs to Correct, but Watch Out for the Revision Impact” report navigates between bullish and bearish sentiments, emphasizing the dynamics of shareholders aiming to raise funds through a placement. The diverse viewpoints from these analysts showcase the varying outlooks on ASICS Corp‘s financial performance and market dynamics, providing investors with valuable insights to consider in their investment decisions.


A look at ASICS Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience3
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

ASICS Corp, a manufacturer of general sporting goods and equipment, holds a promising long-term outlook based on a comprehensive analysis of its key performance factors. With high scores in Growth and Momentum, the company is positioned well for expansion and market traction. ASICS Corp‘s strong focus on innovation and market presence signals potential for sustained growth in the foreseeable future.

Additionally, ASICS Corp demonstrates resilience and stability with a score of 3, indicating a solid foundation to weather market fluctuations. While Value and Dividend scores are moderate, the company’s stellar performance in Growth and Momentum positions it favorably for long-term success. ASICS Corp‘s strategic positioning in key markets across the United States, Europe, Australia, and Asia further supports its growth trajectory in the global sporting goods industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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