Sales at Japanese sports and footwear company Asics fell by 5.7 percent in the first quarter to 98.708 billion yen (619.5 million pounds).

The company said the drop in sales was mainly due to a decrease in sales in the 'running' category in Europe, and could not be offset by strong results from the Onitsuka Tiger category in Japan and South Korea.

Gross profit decreased by 7.5 percent to 46.1 billion yen (323.2 million pounds) due to lower sales and a deteriorated cost of sales ratio.

 

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