Aug 16, 2021
Onitsuka Tiger is key for ASICS in Q2
Aug 16, 2021
ASICS, the Japanese sports apparel and footwear producer, has posted 42.6 per cent sales growth to ¥209.5 billion in Q2 of FY21 ended on June 30, 2021, compared to ¥146.9 billion in the same period of the previous fiscal Q2. Sales for the period were driven by Performance Running and the Onitsuka Tiger category.
With strong sales mainly in Japan, North America, Europe, Greater China and Oceania regions, Performance Running sales increased 54.2 per cent to ¥108.6 billion, while sales from China boosted Onitsuka Tiger’s sales 34 per cent to ¥21 billion. Moreover, Core Performance Sports, Sports Style, and Apparel & Equipment category sales surged ¥23.4 billion, ¥17.1 billion and ¥16.7 billion respectively.
Gross profit for Q2 FY21 was up to ¥105.4 billion, while profit improved to ¥12.3 billion against loss of ¥6.2 billion in the second quarter of 2020. Operating income totalled ¥23.9 billion.
According to the company, its sales in Japan in the three-month period rose 23 per cent to ¥57.8 billion. Sales from North America grew 50.6 per cent to ¥42.8 billion, whereas European region sales jumped 55.9 per cent to ¥57.8 billion.
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