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Asics reports strong Q2 sales growth driven by running category

By Huw Hughes

16 Aug 2021

Business

Image: Asics

Asics has reported a 42.6 percent increase in revenue to 209,478 million Japanese yen in the three months to June 30, driven by strong sales in its largest category, Performance Running, primarily in North America, Europe and Greater China.

The Japanese sportswear brand reported operating income of 23,993 million Japanese yen compared to a loss of 3,873 million Japanese yen a year earlier, while net income came to 24,770 million Japanese yen, compared to a loss of 5,982 million Japanese yen a year ago.

Breaking it down by category, Performance Running was the key driver of growth, with net sales up 54.2 percent to 108,594 Japanese yen, while net sales at its Core Performance Sports and its Sports Style categories grew by 44.4 percent and 36.3 percent, respectively.

Net sales at the company’s Apparel and Equipment and Onitsuka Tiger categories grew by 30.5 percent and 34 percent, respectively.