Asics : Notice Concerning the Amendments to the Forecast of Consolidated Business Results for the Second Quarter Ending June 30, 2016 and the Forecast of Consolidated Business Results for the Fiscal Year Ending December 31, 2016

b6b767bb-1b36-4bb1-93bd-53113fabcdb8.pdf 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. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

Name of the Company: ASICS Corporation

June 17, 2016

President and CEO, Representative Director: Motoi Oyama Code Number: 7936 Listing Exchanges: Tokyo

Notice Concerning the Amendments to the Forecast of Consolidated Business Results for the Second Quarter Ending June 30, 2016 and the Forecast of Consolidated Business Results for the Fiscal Year Ending December 31, 2016

ASICS Corporation (hereinafter, the "Company" or "we"), hereby announce amendments to the forecast of consolidated business results for the Second Quarter Ending June 30, 2016, and the forecast of consolidated business results for the Fiscal Year Ending December 31, 2016, previously announced on February 12, 2016.

1. The Amendment to the Forecast of Consolidated Business Results for the Second Quarter Ending June 30, 2016 (January 1, 2016 - June 30, 2016)

   (Amount: million yen)

   Net Sales	Operating Income	Ordinary Income	Profit attributable to owners of parent	Net Income Per Share
   Previous Forecast (A)	219,000	16,000	15,000	10,500	55.32yen
   New Forecast (B)	210,000	16,000	14,000	9,500	50.05yen
   Amount Changed (B-A)	(9,000)	-	(1,000)	(1,000)	-
   Percentage of Change (%)	(4.1)	-	(6.7)	(9.5)	-
   (Reference) Actual Results for the Second Quarter Ended June 30, 2015	221,658	21,269	19,899	14,527	76.53yen

2. The Amendment to the Forecast of Consolidated Business Results for the Fiscal Year Ending December 31, 2016 (January 1, 2016 - December 31, 2016)

   (Amount: million yen)

   Net Sales	Operating Income	Ordinary Income	Profit attributable to owners of parent	Net Income Per Share
   Previous Forecast (A)	437,000	29,000	27,000	18,500	97.46yen
   New Forecast (B)	403,000	23,000	20,000	13,500	71.12yen
   Amount Changed (B-A)	(34,000)	(6,000)	(7,000)	(5,000)	-
   Percentage of Change (%)	(7.8)	(20.7)	(25.9)	(27.0)	-
   (Reference) Actual Results for the FY Ended December 31, 2015	428,496	27,448	22,533	10,237	53.93yen

3. Reasons for the Amendments

4. Reasons for the Amendment to the Forecast of Consolidated Business Results for the Second Quarter Ending June 30, 2016

   Net sales are expected to fall short of the previous forecast. In addition to the yen strengthening against foreign currencies more than we previously predicted as a result of the recently fluctuating foreign exchange rate, which negatively influenced the financial statements of overseas subsidiaries, this is also due to the sales in the U.S. being lower than the previous forecast, although the net sales of the sales subsidiaries in China and Japan are predicted to exceed the previous forecast.

   Operating income is predicted to be in line with the previous forecast. This is due to improving profitability in Japan and shifting the execution of expenses of head quarter and subsidiaries in some areas to the second half of the Fiscal Year Ending December 31, 2016, despite the above-mentioned lower net sales and the influence of a U.S. subsidiary's recording of allowance for doubtful receivables deriving from bankruptcy and credit uncertainty associated with specific accounts.

   Ordinary income and profit attributable to owners of parent are predicted to fall short of the previous forecast due to a recording of exchange loss for evaluation of foreign currency denominated deposits, receivables and payables.

5. Reasons for the Amendment to the Forecast of Consolidated Business Results for the Fiscal Year Ending December 31, 2016

Net sales are expected to fall short of the previous forecast. This is due to the yen strengthening against foreign currencies more than we previously predicted and

continuously lower sales in the U.S. than the previous forecast.

Operating income is also expected to fall short of the previous forecast. In addition to the above-mentioned lower net sales, this is also due to the influence of a U.S. subsidiary's recording of allowance for doubtful receivables deriving from bankruptcy and credit uncertainty associated with specific accounts, despite improving profitability in Japan.

Ordinary income and profit attributable to owners of parent are predicted to be under the previous forecast, due to a recording of exchange loss for evaluation of foreign currency denominated deposits, receivables and payables, in addition to the above-mentioned reasons.

The Company's dividend forecast for the Fiscal Year Ending December 31, 2016 (23.5 yen per share) will remain unchanged.

(Reference)

USD	EUR	AUD	RMB	KRW	SEK
Previous Predicted Exchange Rate (A)	¥120.0	¥130.0	¥86.0	¥18.0	¥0.1000	¥14.0
New Predicted Exchange Rate (B)	¥110.0	¥123.0	¥81.0	¥16.8	¥0.0937	¥13.3
Amount Changed (B-A)	¥ (10.0)	¥ (7.0)	¥ (5.0)	¥ (1.2)	¥ (0.0063)	¥ (0.7)
Percentage of Change (%)	(8.3)	(5.4)	(5.8)	(6.7)	(6.3)	(5.0)

*The performance forecast and other forward-looking statements are based on information available to us at the present time, and on certain assumptions judged by us to be reasonable. Due to various factors, actual results may differ materially from the forecast.