Consolidated Financial Summary
For the Fiscal First Quarter Ended June 30th, 2013
ASICS Corporation
August 5th,2013
© 2013 ASICS Corporation All Rights Reserved
Consolidated Results Highlights
(Unit: Millions of yen)
FY2013
Q1
FY2014
Q1
Y on Y
Net sales
66,105
76,563
+10,458
+15.8%
Gross profit
29,629
34,288
+4,658
+15.7%
Gross profit
margin
44.8%
44.8%
-
0.0ppt
S.G.&A.
expenses
21,305
25,764
+4,459
+20.9%
Operating
income
8,323
8,524
+201
+2.4%
12.6%
11.1%
-
-1.5ppt
Ordinary
income
7,781
9,530
+1,748
+22.5%
Pretax
income
7,785
9,955
+2,169
+27.9%
Net income
4,934
6,584
+1,649
+33.4%
Operating
income margin
© 2013 ASICS Corporation All Rights Reserved
2
Consolidated Net Sales (Japan & Overseas)
FY2013
Q1
(Unit: Millions of yen)
FY2014
Q1
Y on Y
Japan
21,341
22,163
+822
+3.9%
Overseas
44,764
54,400
+9,635
+21.5%
Total
66,105
76,563
+10,458
+15.8%
76,563
(Unit: Millions of yen)
Upper: Net sales
Lower: Ratio
66,105
Japan
9,182
Others
+5.5 %
+2,448
22,163
(28.9%)
21,341
(32.3%)
7,755
Overseas Net Sales
without the impact of
Exchange rate
(12.0%)
Consolidated Net Sales
without the impact of
Exchange rate
+4.9 %
+3,254
(11.7%)
Overseas
44,764
（67.7%）
EMEA
19,742
(29.9%)
17,266
(26.1%)
23,345
(30.5%)
Americas
FY2013 Q1
© 2013 ASICS Corporation All Rights Reserved
21,872
(28.6%)
FY2014 Q1
3
Overseas
54,400
（71.1%）
Detail of increase and decrease of Consolidated Net Sales
(Unit: Millions of yen)
Japan
（+17.9%）
EMEA
Americas （+3.1%）
（+10.2%）
1,766
559
Oceania
（+8.6%）
723
271
-35
-4,779
【Key factors】
・Running shoes
4,749
【Key factors】
・Running shoes
Domestic net sales
excluding intersegment sales
and overseas sales
increased +3.9% yoy.
7,204
【Key factors】
・Outdoor Wear
【Key factors】
Calculating the current
sales figures based on
retail price in South
Korea
【Key factors】
・Running shoes
66,105
Other Business
(Haglofs)
Exchange
East Asia
impact
（△1.6%）
（+22.6%）
Adjustment
76,563
【Key factors】
・Americas: + 2,841
・EMEA:
+2,729
・East Asia: +753
・
50,000
FY2013 Q1
© 2013 ASICS Corporation All Rights Reserved
FY2014 Q1
4
Consolidated Financial Result: Financial Situation
(Unit: Millions of yen)
FY2013 Q1
Profit
Net Income per Share
FY2013 Q1
FY2014 Q1
Financial Position
Shareholders’ equity ratio
FY2013
53.1 %
FY2014 Q1
53.9 %
26.03YEN
34.73YEN
9,530
264,096
244,725
8,323
8,524
7,781
6,584
138,078 150,763
4,934
Opeating
Ordinary
Income
Income
＜Compared to Previous Year＞
Operating
Ordinary
Income
Income
+2.4%
+22.5%
+201
+1,748
Net Income
Total Assets
Net Assets
＜Compared to Previous Year＞
Net Income
Total Assets
Net Assets
+33.4%
+1,649
+7.9%
+19,371
+9.2%
+12,685
© 2013 ASICS Corporation All Rights Reserved
5
FY2014 Q1
Segment Information
(Unit: Millions of yen)
FY2013 Q1
FY2014 Q1
Net Sales
31,342
26,593
21,872
18,156
17,265
Japan
vs Previous Year
JPY
(Local Currency)
FY2014Q1
Exchange Rate
(FY2013Q1)
Americas
21,444
3,161 3,894
3,198 4,674
2,173 2,554
EMEA
Oceania
East Asia
Other Business
+17.9%
（－）
+26.7%
（+10.2%）
+18.1%
（+3.1 %）
+23.2%
（+8.6 %）
+46.1%
（+22.6%）
+17.5%
（-1.6%）
－
（－）
91.06YEN/USD
（79.23YEN/USD）
120.16YEN/EURO
（104.87YEN/EURO）
94.38YEN/AUD
（83.19YEN/AUD）
0.0837YEN/KRW
（0.0698YEN/KRW）
11.74 YEN/SEK
（10.21 YEN/SEK）
Operating Income
3,555 3,338
2,480
2,306
2,658
1,485
877 1,001
249
223
25
-176
Japan
vs Previous Year
JPY
(Local Currency)
Operating
Income(loss) Ratio
(Previous Year)
Americas
EMEA
Oceania
East Asia
Other Business
+66.9%
（－）
+15.2%
（+0.3%）
-6.1%
（-18.1%）
+14.2%
（+0.7%）
-10.3%
（-23.9%）
－
（－）
7.9%
（5.6%）
12.2%
（13.4%）
15.6%
（19.6%）
25.7%
（27.7%）
4.8%
（7.8%）
-6.9%
（1.2%）
© 2013 ASICS Corporation All Rights Reserved
6
Consolidated Net Sales (by Product)
(Unit: Millions of yen)
Ratio
Consolidated Net Sales
Compared to Previous Year
76,563
100.0%
+15.8%
+ 10,458
Sports Shoes
66,105
Compared to Previous Year
+17.0%
+ 8,606
without the impact of Exchange rate
77.5%
+5.1%
+ 2,580
Sports Wear
59,310
Compared to Previous Year
50,703
+12.8%
+ 1,400
without the impact of Exchange rate
+4.3%
+ 469
Sports Equipment
Compared to Previous Year
10,967
12,367
16.1%
4,434
4,885
6.4%
FY2013 Q1
FY2014 Q1
© 2013 ASICS Corporation All Rights Reserved
+10.2%
+ 450
without the impact of Exchange rate
7
+4.8%
+ 215
Net Sales by Product ( Japan / Overseas )
(Unit: Millions of yen)
FY2013 Q1
FY2014 Q1
Japan
Ratio
21,341
22,163
12,144
13,030
Net Sales Compared to Previous Year
28.9%
+3.9%
+822
Sports Shoes Compared to Previous Year
17.0%
+7.3%
+886
Sports Wear Compared to Previous Year
- 2.7%
6,017
5,852
7.6%
3,179
3,280
4.3%
FY2013 Q1
FY2014 Q1
-164
Sports Equipment Compared to Previous Year
+3.2%
+100
Overseas
Net Sales Compared to Previous Year
Ratio
54,400
+21.5%
+9,635
+5.4%
+2,448
without the impact of Exchange rate
71.1%
44,764
Sports Shoes Compared to Previous Year
+20.0%
+7,720
+4.4%
+1,694
without the impact of Exchange rate
46,279
Sports Wear Compared to Previous Year
38,559
60.5%
31.6%
+1,565
+12.8%
+634
without the impact of Exchange rate
Sports Equipment Compared to Previous Year
4,950
FY2013 Q1
1,254
6,515
FY2014 Q1
© 2013 ASICS Corporation All Rights Reserved
1,605
+27.9%
+350
+9.2%
+115
without the impact of Exchange rate
8.5%
2.1%
8
Sports Shoes (Consolidated Net Sales by Region)
(Unit: Millions of yen)
Running Shoes
Total
FY2013 Q1 :
FY2014 Q1 :
FY2014 Q1
FY2013 Q1
Onitsuka Tiger shoes
Athletic Shoes
Total
FY2013 Q1 :
FY2014 Q1 :
31,632
38,332
Total
FY2013 Q1 :
FY2014 Q1 :
8,197
9,733
2,325
4,401
19,251
15,829
14,332
3,917
4,041
11,960
2,560
2,230
1,726
1,608
1,496
1,265
1,020
921
2,277
1,790
1,426
627
Americas
EMEA
Oceania
Americas EMEA
East Asia
+21.6%
+19.8%
+27.2%
Vs Previous
Year (Local
Currency)
+5.8%
+4.6%
+12.1%
+53.9%
－
446
358
965
Oceania East Asia
Vs Previous
Year (Yen)
1,507
592
458 552
269
Japan
Japan
+5.7%
－
Americas
Total
+21.2%
－
EMEA
Oceania
Americas EMEA
+57.6%
+29.2%
+18.3%
Vs Previous
Year (Local
Currency)
+37.5%
+12.8%
+4.5%
© 2013 ASICS Corporation All Rights Reserved
East Asia
Oceania East Asia
Vs Previous
Year (Yen)
9
198
+33.1%
－
Japan
Japan
+3.2%
－
Americas
Total
+18.7%
－
EMEA
Oceania
Americas EMEA
East Asia
Oceania East Asia
Vs Previous
Year (Yen)
+32.7% +178.0%
+4.5%
Vs Previous
Year (Local
Currency)
+15.4% +142.7%
-7.9%
490
302
207
Japan
Japan
+20.5% +62.0%
－
－
Total
+89.2%
－
Sports Wear (Consolidated Net Sales by Region)
(Unit: Millions of yen)
Running wear
Total
FY2013 Q1:
FY2014 Q1:
FY2014 Q1
FY2013 Q1
Athletic wear
Total
FY2013 Q1 :
FY2014 Q1 :
1,913
2,614
Onitsuka Tiger wear
Total
FY2013 Q1 :
FY2014 Q1 :
6,293
6,625
5,026
111
140
4,946
1,417
917
635
522
116 120
Americas
EMEA
Oceania
Americas EMEA
Vs Previous
Year (Yen)
Vs Previous
Year (Local
Currency)
+21.6%
141
195 217
+54.5%
+3.4%
+5.9% +34.9%
-8.8%
Japan
Japan
+38.3% +13.8%
－
373
431
－
+36.6%
－
121
Americas
Total
433
458
282
East Asia
Oceania East Asia
247
EMEA
Americas EMEA
0
Oceania East Asia
Oceania East Asia
+32.3%
+6.3% +66.1%
Vs Previous
Year (Local
Currency)
+14.9%
△7.3% +46.5%
10
+49.4%
－
51
33
201
Vs Previous
Year (Yen)
© 2013 ASICS Corporation All Rights Reserved
51
647
Americas
Japan
Japan
6
Total
9
EMEA
Americas
7
6
Oceania
EMEA
44 44
East Asia
Japan
Oceania East Asia Japan
Total
-1.6%
+5.3%
Vs Previous
Year (Yen)
－
+466.7% -14.3%
-35.3%
-1.2% +26.2%
－
－
Vs Previous
Year (Local
Currency)
－
+370.0% -27.1%
－
－
－
FY2014 Forecast
(Unit: Millions of
yen)
Net Sales
Operating
Income
Ordinary
Income
Net Income
FY2013
Actual
FY2014
FY2014
Original Forecast Revised Forecast
Change from
Original Forecast
Y on Y
260,198
305,000
315,000 +54,802 +21.1% +10,000
18,663
22,000
24,500
+5,837 +31.3% +2,500 +11.4%
20,526
22,000
24,000
+3,474 +16.9% +2,000
13,773
13,500
14,500
+727
+5.3% +1,000
+3.3%
+9.1%
+7.4%
Net Sales by Segment
【References： Sales growth rate in currency neutral】
(Unit: Millions of FY2013
yen)
Actual
Japan
Americas
EMEA
Oceania/
Southeast・
South Asia
East Asia
HAGLOFS
Total
93,637
67,078
61,836
FY2014 FY2014
Original Revised Y on Y
forecast forecast
97,600
+4.2%
96,900
90,000 +34.2%
84,200
80,600 +30.3%
77,700
13,800
14,400
+21.5%
17,599 21,400
8,201
11,000
260,198 305,000
21,400
11,000
315,000
+21.6%
+34.1%
+21.1%
11,847
Original
Revised
Americas
+12%
+13%
EMEA
+9%
+10%
Oceania
+8%
+9%
Korea
+6%
+6%
HAGLOFS
+14%
+14%
【References： Exchange Rate】
FY2013
(Actual)
FY2014
(Original
Forecast)
FY2014
(Revised
Forecast)
79.93 yen 103.22 yen 82.73 yen
/USD
/EURO
/AUD
0.0711 yen 11.88 yen
/KRW
/SEK
90.00yen
/USD
120.00yen
/EURO
90.00yen
/AUD
0.0800yen
/KRW
14.00yen
/SEK
95.00yen
/USD
123.00yen
/EURO
92.00yen
/AUD
0.0800yen
/KRW
14.00yen
/SEK
Cash dividend per share： 14Yen（End of year）
© 2013 ASICS Corporation All Rights Reserved
11