Asics : Notice Concerning the Amendment to the Forecast of Consolidated Business Results for the Fiscal Year Ending December 31, 2015
September 17, 2015 at 02:18 am EDT
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Note: This document is a translation of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
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damages arising from the translation.
Name of the Company: ASICS Corporation
September 17, 2015
President and CEO, Representative Director: Motoi Oyama
Code Number: 7936 Listing Exchanges: Tokyo
Notice Concerning the Amendment to the Forecast of Consolidated Business Results for the Fiscal Year Ending December 31, 2015
ASICS Corporation (hereinafter, the "Company" or "we"), hereby announce an amendment to the forecast of consolidated business results for the Fiscal Year Ending December 31, 2015, previously announced on February 13, 2015.
1. The Amendment to the Forecast of Consolidated Business Results for the Fiscal
Year Ending December 31, 2015 (January 1, 2015 - December 31, 2015)
(Amount: million yen)
Net Sales
Operating
Income
Ordinary
Income
Net
Income
Net Income Per Share
Previous Forecast (A)
423,000
33,000
32,000
21,000
110.63yen
New Forecast (B)
429,000
31,000
27,000
13,000
68.49yen
Amount Changed (B-A)
6,000
(2,000)
(5,000)
(8,000)
-
Percentage of
Change (%)
1.4
(6.1)
(15.6)
(38.1)
-
(Reference) Actual Results for the Fiscal Year Ended December31, 2014
354,051
30,466
34,302
22,285
117.40yen
1
2. Reasons for the Amendment to the Forecast of Consolidated Business Results for the Fiscal Year Ending December 31, 2015
Extraordinary loss to be recorded (5,085 million yen) including special extra retirement
payment associated with the career change support program, one of the measures of the business structure reforms of the domestic business which was announced on July 1, 2015, has almost been finalized. Moreover, we hereby announce that we reviewed the other items in the forecast of consolidated business results.
Net sales are expected to exceed the previous forecast. This is due to decreasing value of yen against major foreign currencies to the rate lower than we initially predicted which gave positive influence on the financial statements of overseas subsidiaries.
Operating income is expected to be below the previous forecast due mainly to the effect of foreign exchange rate on purchasing cost at a subsidiary in Brazil which resulted in an increase of the cost of sales ratio.
Ordinary income is expected to fall short of the previous forecast due mainly to the above-mentioned decline in operating income and an increase in foreign exchange losses. Net income is expected to be under the previous forecast due mainly to the above-mentioned decrease in ordinary income and the recording of temporary losses for business structure reforms of the domestic business.
*The forecast of consolidated business results stated above is estimated based on information available as of the date hereof. This may cause actual results to differ from the
stated projections due to changing business conditions or other factors.
ASICS Corporation is a Japan-based company mainly engaged in the manufacture and sale of sports products, such as sports shoes, sportswear, sports equipment and others. The Company operates through six business segments. The Japan Region, Americas Region, Europe Region (including the Middle East and Africa), Oceania/Southeast and South Asia Region, and the East Asia Region segment mainly sell sporting goods. The Others segment is engaged in the manufacture and sale of HAGLOFS brand outdoor products.
ASICS CORPORATION 
