アシックス: 26年度1Q決算：OP YoY+37%増益、4月も通期計画達成にむけ好発進　

研报英文原文证据摘录

アシックス: 26年度1Q決算：OP YoY+37%増益、4月も通期計画達成にむけ好発進

UpdateM

図表2: Earnings summary (mn yen, %)

Summary 1Q24 2Q24 3Q24 4Q24 F24 1Q25 2Q25 3Q25 4Q25 F25 1Q26 F26CE

Japan

Sales 40,079 39,799 44,314 42,240 166,432 50,559 48,704 52,832 52,141 204,236 59,274 180,000

(Performance running) 4,300 2,300 4,600 2,900 14,100 6,300 3,400 6,800 4,000 20,500 7,000 -

(Sports style) 1,300 900 1,400 1,300 4,900 1,900 1,200 1,800 1,700 6,600 2,100 -

(Core performance sports) 8,900 5,200 7,300 3,100 24,500 7,900 4,900 7,900 4,000 24,700 8,300 -

(Apparel equipment) 2,700 2,500 2,500 1,800 9,500 2,300 2,100 2,300 1,300 8,000 2,800 -

(Onitsuka Tiger) 6,300 9,900 10,400 14,100 40,700 13,100 17,700 16,300 20,000 67,100 18,200 -

(Walking) - - - - - 3,700 - - - - 4,300 -

(Adjustment/Others) 16,579 18,999 18,114 19,040 72,732 19,059 19,404 17,732 21,141 77,336 20,874 -

Operating profit 6,599 6,415 7,864 6,796 27,674 10,677 10,958 11,909 11,190 44,734 14,502 45,000

OP margin% 16.5% 16.1% 17.7% 16.1% 16.6% 21.1% 22.4% 22.5% 21.5% 21.9% 24.5% 25.0%

Asics Japan

Sales 23,800 21,300 26,300 23,100 94,500 31,700 29,400 34,900 31,200 127,200 38,600 138,000

Operating profit 5,200 5,200 6,400 5,300 22,100 9,000 9,300 10,500 9,300 38,100 12,200 43,000

OP margin% 21.8% 24.4% 24.3% 22.9% 23.4% 28.4% 31.6% 30.1% 29.8% 30.0% 31.6% 31.2%

Inbound sales 3,600 6,400 6,500 9,200 25,700 9,100 12,500 11,200 14,600 47,400 13,100 51,400

Domestic demand 20,200 14,900 19,800 13,900 68,800 22,600 16,900 23,700 16,600 79,800 25,500 86,600

N.America

Sales 33,078 34,670 36,497 30,796 135,041 39,133 34,781 38,559 28,719 141,192 48,153 168,000

(Performance running) 24,200 25,100 25,300 21,800 96,400 26,300 23,100 23,700 19,100 92,200 28,000 -

(Sports style) 4,400 5,400 6,200 4,800 20,800 8,000 7,600 10,100 5,800 31,500 14,600 -