Asics Corporation · TSE:7936

Asics — Q3 2020 Earnings Presentation

40 slides from Asics's earnings presentation, November 2020

  1. Slide 1: 20205F12A #8 GER

    20205F12A #8 3 3 GER ARR ERABSH RUSHTYYIAZ 20201156

  2. Slide 2: Disclaimer

    = R O asics eae | Si (NTU —Fl)) RAE Spee (Stet hl)) ES RABAT tain PG LE AO PWN bP DISCLAIMER = S258 ices SiatlCOW TORE COPLEYT—YaVAMCRKENTNS, BHOREOHB, Ril. WE. HCCOS 6, BENSR CCS OMGRORMI IS RBLCHO, CN SIREAF REC IRD 5 ES NKYHOREEOMMBIOWCUWES. Leto. CNEORMRILOALCS EBC MLS SC CISBRTCRAWET ES. SRUUKL

  3. Slide 3: Q3 2020 highlights

    20205F12A5 30% 3 EHR RYE OA asics 56 3 POF HARARISHEU (+ 2%) HBR (475%) . Rat Ct, MHIAOTVU(AOVES CMMMMd. FRICSLABE. 53 O+RRRAICHS UC. ATI —ACP.RuNOKRDSAE. Thea CRIN, PREBBLUACLVIT MSS. MAT. Be AY FO-I/LOR( LS HO. BRAM BAB 2 FRE COMFD SOBA. ECsc_EidauBAtt 2 fai lcmek. THT SEB LIE AE OAMRICHUB, 3B 3 E

  4. Slide 4: Key points of the quarter

    MVPIAOFOTIABPLACAS BS A asics (3% 3 RABAT) (~ > V THERA EEE EO Tale k OBB Shieh CEP 4 pl ELD STROOS [CEIRGIE eSleiet a HOES MS ai. NS y, (— > Y AA: SCO CesBH. Y KH: FS COE CEE. ¥ RON (EES COG CES. A aa SJ (- » Y BET ERORHARSDDSOOOD, MNOB5ICKO 55 3 O+RARA Cidtaly. [7 Gua EA SIBRA EES ACEI Ae SSAct i

  5. Slide 5: Monthly sales trend

    icles (Abi ¢ RAs) asics V 2 ALAR IEO USS CHEDAIIGE SAAD, PE + BRIN + Ibe ICRI L, 8 ALARA RURBLCHEUR CHEAS. 5B 3 PO-FERARARIISP. Runa 2851 LABEL LICE. etl RlARIR— FALL % SB 3 CURA Et BURALLA13.3% (Sir : 4255) A\13.5% 304% tee f \f \f \ +20% +8% +6% 45% 410% 0% A10% A20% A30% A40% A50% 15 2A 3A 4B 5A

  6. Slide 6: Year-on-year change by category

    FAs cTlERRS (TAY —F) O asics ¥ 3 HARA SEA C 2 MOEN. v PRunss VIO VAAD OF MeIBU Alc. 3 RAR CRN, PRBS POC. v SPSISS 3 AF RARAI CRIN, ALPIT ADE LIBR. P.Run CPS SPS APEQ OT is FY20 Q2 Sat A15.1% A25.5% A\22.7% A36.3% A31.6% A21.5% FY20 Q3 H A19.3% +2.4% FY20 Q3 Sat A3.6% A18.0% A12.6% A28.8% A274% A13.3

  7. Slide 7: Full-year forecast summary

    A PRAOEIE > KY bk O/asics am ft 3,200 3,000 +7% = Al cas A60 A\140 - x FF) tt A1.9% L\4.T% - AASHMCSVYIVISZEATSAMIBMT SA. ERIN C OMBRICP TYE IVCOMMADSIL. RRP CREE. ARE EO HAAS 73 BU tee AT LS 3 DOE RABA PRIS BURALE CA MEIC HESS. SASS IOF UTA KE SRARHORRESRLEMEPRE Atelc EES. 18L, PHBIAOF UT ABLRORBIC

  8. Slide 8: 1. Q3 2020 consolidated results

    1. 20205-12538 a 3 Fae salen 20205F12A FAS 3 + — sSRA/\1T Ib — WER ROESAR — BER LEAR (W744 —H) OA asics

  9. Slide 9: Q3 2020 results overview

    20205F12AA% 3H RE OA asics BUBALL > A379FA A13.3% (ABR < iid A31308A A11.0%) @ MHAOTFIANAODHEBICE OM. VS 3 POFRARARS IS. —BRH CMH IOS IT IAORBISHSOOO, P.Runldwie HALE +8118 (+19%) CAHBIEUN. VECISeF ae CHES L. BURALL 2 (HROMR. er SEF) oS AUHALE : AO4#8F A74.1% (BBR A908 70.9%) © 63 BRA O SRA ed 7 1c

  10. Slide 10: Consolidated income statement

    WERENT hk O/asics (Hi : 1873) 20194F 2020 AgEALE = _ te ee FY19Q3 FY20Q3 #83838 ALA 2,861 2,482 Aisne 1,901 A186 FL RIZS 1,343 1,161 Alsou FEL A RS 47.0% 46.8% A0.2ppt RE 1,217 1,129 ass Ay BS 42.6% 45.5% +2.9ppt MB 407 370 Aso Kees 241 201 arcane RS eRe 8.4% 8.1% AO.3ppt Sey 97 77 Aron Rima A 89 91

  11. Slide 11: Operating profit variance analysis

    ARS AMOEIR (3 ERASE) asics Y FR CORS SBR BIS 4OH E3268 (2 O+HRERRR) . ¥ B32 YS COBINMEIS31I3EA MHBIOFVUAAZSIC KS GRRKESaA ORBAN ORB24BASC) . Y BURAILICS LY CH88RAOBUIK (Lic - ENT NY LOXNBERUEEE BU RREISIOO(SAA) . (BH: 185) 1,442 gAftB SRSSe mw RHhFRA BSfan - imi O REBSER mtote Sate Rie aie KRIAZ MAR

  12. Slide 12: Gross profit and gross margin

    WecLeAR (ATA —F) O asICs Y PHBIOFVANAZOZSCEATF IU WMS, 4S HHRH SUD He. Y P.Runldin0.4% (ABSRAR<) CBM. ¥ 3 PU RAR CIS BBVRESA, P.Rund*+19%, SPSA+5 WOIBIN. EBS: BR TREE HSS (84fiz : 48F9) M4 AS4 2,861 A04% —Ai6.5% 23 A82 A313 49.3% 27.6% —A88 A25.3% 62 A66 FY19 Q3 FY20 Q3 KR T AY hICSIFSRBERU CREE Rec

  13. Slide 13: 2. Q3 2020 results by category

    2. 20205F12 A #88 3 FRB fake os ALA (ATAY—HF) — ATFAV—WERTLE —- ATFAV—-WRE ~~ OA asics

  14. Slide 14: Results by category

    ATFAY -—WeRTLS <HLE> aA ew GB) MI FY19 Q3 MI FY20Q3 A45/A3.6% A59/A18.0% A32/A12.6% A86/A28.8% ) P.Run CPS SPS APEQ <ATFIAY —HWA NFL Se> mA*A mitk mB aq oP 13.1% P.Run CPS SPS APEQ KR T AY hICSIFS RES RUCRMIBE RI CHD ET. O asics (fz : #274) A96/A2T 4% OT ete ator 13

  15. Slide 15: Performance running (P.Run)

    NIAAVYRZIYIYT (P.Run) ot, ovnastast «= ASICS (Bifiz : (25) <3 3 ORAS ta > <EB HAST Le> AGBBLL ae me mFY19 Q3 m FY20 Q3 . ty =F . 9 FY19Q3 FY20Q3 ese see Ea an 2 we a 0 = £ B 1267 1,222 A455 -A3.6% ANE T% 440 457 388 ABH < Bid 1,263 D4 = A0.4% +28.6% a4 | +23 +25.0% = Al 2 49 95 +46 +92.3% 033 7 136.

  16. Slide 16: Core performance sports (CPS)

    APNI4A—VYARH—-Y (CPS) bees z=2za-2 QaSICS SLe (Bitz : (25) <3 3 +R <EBibiallseLa> FY19Q3 FY20Q3 BURALE - ABP < RE tg tg aaa DES A26/A16.1% = FIdOs P20 Q3 me tL 8 330 271 A59 A18.0% 160 134 ABER < Rial 276 A54 A16.5% A15.0% A29.0% A12/A16.1% Bx Ff # AO A6 A6 - Av/A307™m 3 61 +4.8% , +1/4+2.9% MMAR 03

  17. Slide 17: Sportstyle (SPS)

    AR—YRSTIL (SPS) > JAPAN S A asics (84fiz : #85) <3 3 + RAS > <ER Malloch mFY19Q3 mFY20Q3 FY19Q3 FY20Q3 esse sass ay ae so A6/ATO% % tt B 254 222 A32.—— A12.6% A29/A409% ee 86 ABBE < 231 A23.— A9.3% ie 413.4% BR FR 1 AO Al - +1/44.3% 41 +2/+10.5% BAS 0.6% ADI% - —-Ad.Tppt 1g 19 a K-BNINY NCSU SRBC RU

  18. Slide 18: Apparel and equipment (APEQ)

    PNLIL> LI4Y7FXYb (APEQ) r) uresion — @aSICS (84fiz : #85) <3 3 -SHAR> <EB Ha 7C bi > m FY19 Q3 mi FY20 Q3 FY19Q3 FY20 Q3 BUBEL ane ipl Q Q erga seeps SB / x Lt 8 297 211 A86 = A28.8% ad A25.4% A21/ A26.3% EG ae ABER IB 215 A82 ~—-A27.6% 88 374% 30 Bx Ff # KF KE . . A15 / A38.8% 59 A13.1% 38 A2/ A15.

  19. Slide 19: Onitsuka Tiger

    A=>IASAH— (OT) pe wacevrinocamavanixonrsuraicer @PASICS (84fiz : #85) <8 3 O-FHAR > <EEH 7c bi > mFY19Q3 mFY20Q3 FY1 FY S08 / Se Q O38 seen a AI A8I% aA +t 8 350 254 AIG ~=——- A27.4% 155 - 142 ABLE < ik 262 A88 A25.3% /A41/ A46.6% 87 Ss + Ff) # 75 14 A61 A80.9% A27.4% AS AID 1% 46 A4/ A29.4% BRARR 2

  20. Slide 20: 3. Q3 2020 results by region

    3. 20205F12F HAS 3 FH fae heen (SHEL GI) HERE LaSSLUAT IV —wM BELA (sbtaR) Fv DIVGUEE Ail - GHA LS BESSA (Hota) OA asics

  21. Slide 21: Net sales by region

    =_ =a a — ‘J Mie LaRVUAT IY —iBeRK A asics <Le> A214 ERG : S848 (Hitz : #9) % D+ HSE ($n fg) 9 3 % 20 FR REGED) Og 93 All4 D4.3% % m FY20 Q3 709 sol 714 684 ° 487 +11 ATA +3.8% 414 AB A26.4% 298 309 +11.5% A30.9% 279 106 140 205 OS am 2 Ax cla Ei pee At7=P RE BPI? = tote ROHS 23.1% —— A1T.1% A3.1% +

  22. Slide 22: Regional results overview

    ESTE L SAVER (sesah BN) PasKs Y PHRIOFVTAORBICKE DO RUN. (AL, BS ORAS, ABONBZSt RED MIN+26%, ALPoI7+32%, HHA+11%& 2M. VY Pees 3 ORAM CHEN. E6p : sastan _— FER | SEER GRIM — 2) (fit : fF) A213 2,861 A23.1% A313 ) A102 A\11.0% A379 Al17.1% Ad21 +20 +20 A24 A45 +52 A13.3% A3.1% +7.0% _+16.3% A28.0% Aig

  23. Slide 23: Regional results: Japan and others

    Fr arwelkSe O/asics " AR—-ILE IL ROU F— ILI ES IT KO TUM. (BL, 5B 3 POEBABARI CEN "| #5|LA—JLt —ILISSBMX. v EClSaURALE 2 (RBC ARE. RICILAR-P ERIN CAHRIC HEM. EBS : SERB BER: ESE (Sf : FA) Apr MFY19Q3 MFY20Q3 aR FS62% -J/0 Blag 149.3% 2,035 BRAN 131.49 eed +53.8% +183 +101.6% 363 180 AIL —IL YF—Ib EC

  24. Slide 24: Monthly sales trend by region

    @eALe (Aa - GRA) 6X A asics V 2 ALAR IEO USS CHEDAIIGE SAAD, PE + BRIN + Ibe ICRI L, 8 ALARA RURBLCHEUR CHEAS. 5B 3 PO-FERARARIISP. Runa 2851 LABEL LICE. etl RlARIR— FALL % SB 3 CURA Et BURALLA13.3% (Sir : 4255) A\13.5% 304% tee f \f \f \ +20% +8% +6% 45% 410% 0% A10% A20% A30% A40% A50% 15 2A 3A 4B

  25. Slide 25: Monthly sales trend by region

    EZ4AHROAG! - BFA LS O asics TYNIY RBDSITCE O TUM. V PRBS AL RINT AD SLA SHAS LES. ILKS ERICH SO. BAIS BALS Lee —atHnir% EAM 01) | 3 ERI ATFALLA25.9% AGHK | 8 3 aE HBSREt ATABLLA19.0% (St + 183) A9.1% 50.7% 22.0% A21.1% A33.3% A3.7% rn n 1 n n A +50% H 1% Anon A22% ‘sf » 6% : uf yr 411% +11% A5% A11%

  26. Slide 26: Regional results: Oceania and others

    ie Bete AER (Shia) A asics VY BUNICSUY CHRUBOWBS KUREBIY LO-IAWHESL, 3 RABE lS BUBALL+167%O SAA ER. Y ALVIT (Ss SHA. Y BRIGTY NOY RRONCHO A, CRA AD /BEBRORE GERDA) HHO ite. LEG: HEIRR FER: HBR GLM ES — 2) (3Afiz : 179) +34 AT +5 AT +166.7%% A14.5% +447.4% 83.7% 72H) AKruay RH - mr? tot A10 269.5% A4

  27. Slide 27: 4. Balance sheet and cash flow

    4. 2020SF12 A883 3 FHA Mee AAA RE ~~ OA asics

  28. Slide 28: Balance sheet and cash flow

    GA fata A asics [: BRRUWS BEAM BIRD. Y FPMBLS BOSCOCMAMU ICRA SI FSRSMECRITIL, BRED. (Bz : fA) me AE Bafa 2,359faF 1,937(f8 (BUBBARLL+213(8) (BURA LLE+29918F9) ~4eaoe FEC: een 04s REMoM Ass 3h 7 CH EE seed) SHB ASOWD AT AmRORRORMD A26 AAO Ih 7 +400 ARE MB 985fa 1,407f2 (AURA LE A30faF9) (BUBAARIEA11

  29. Slide 29: 5. FY2020 forecast

    5. 2020F12H HA pe be te | ~~ OA asics

  30. Slide 30: FY2020 forecast summary

    20205F12F Fh maT O asics (84fiz : #85) 20205712F HA 20204F12F HA Hye Shri ET lai als bi + a 3,200 3,000 +7% = ES ral cas A60 A\140 - = 3s Fl @ A1.9% L4.T% - ea ea Rl cas A90 A170 - eee REE RR TS (ic4#) ial BADR 38H [ABL— bh) USD EUR RMB cereal 12.09 12.09 24.0F9 2020412888 | 107.00F9 121.00F4 15.507

  31. Slide 31: FY2020 forecast net sales by category

    2020%12FA 18 Bsc bare: ATAU —F (Hifz : (2A) P.Run CPS SPS APEQ OT 2020%F12A 8A ShFe 1,610 335 290 300 350 315 3,200 202047127 3A BIEIP AR 1,535 316 262 276 333 278 3,000 OA asics ES +5% +6% +11% +9% +5% +13% +7% 30

  32. Slide 32: FY2020 net sales forecast variance

    202012AN HALLS PIR: ATAV—R 6 Oasics Y Fe Eld3,20008A. BERD 5+ 7 MO FAIEIE. VY PYIVIAOOMMICH SIRES, EBMSAL OMB TL ZILCO AHA eC CHEE L. P.RunPicieile BAS. (fiz : 8) 37 3,200 +24 Others 3,000 nm Gad BE] FAR Sel FA8 MPBIOF IAAI ESBEOKMRCRAEMOR REC. BACEAICE ORRORMISAS < RESAAEDHOET. 31

  33. Slide 33: FY2020 forecast net sales by region

    202057127 8A 50 (Bifiz : (fF) AAS tthiah ALK St tay Be (EMEA) stag Cp se By ith tay ALPIP Hoi RR Rr thie EO Ae bm rae : shia arnt ent 935 913 660 636 860 788 415 355 200 178 85 91 275 273 A230 A234 3,200 3,000 32

  34. Slide 34: FY2020 regional forecast variance

    202012FA 88 Sse ler wateie ; Hota O/ asics [y IOP TT IAA SSREMO MK YORE L OH PHILS. v Shea CIAERIN, PRB DZES|. (fiz : 8) 3,200 +2 +4 Loti IRA aa BIEIP AR SElPiR (1) BAISBADS eH (PISBAF SH) AOWSIZSATHOET. (<2) BRIN (EMEA) IAEURB ORE RUBE AAC RIL THOET. (3) THIF IT IAIE SBEOKRMRCRAEMOR REC. BACERICE O

  35. Slide 35: FY2020 operating profit forecast variance

    2020SF12F A BH ESHA BIS : HHR A asics [y SMFI2t ACOA, AUEIFARDS +8080 LGB. VY REAORM Mes Fhe RHL. She CHRMBRONSTHS. (Hitz : 5) BIE] P Aa SEPA Y Peorhinis ieee A140 * (1) BAISBADS eH (PISBAF SH) AOWSIZSATHOET. (<2) BRIN (EMEA) IAEURB ORE RUBE AAC RIL THOET. (3) THIF IT IAIE SBEOKRMRCRAEMOR REC. BACER

  36. Slide 36: 35

    35

  37. Slide 37: IR schedule

    IRBLYF— O asics 20204127 HAS 3 B+HRE 2020512 RARE 11568 2021% 2 A128 20214 2158 15:00 15:30 15:00 15:00 RARK BS MRR THU, ERAT RARER REAR PH Sot BAS MEER, THUR K. BMRA 36

  38. Slide 38: Sports participation trends

    AOFMcCS6WVS65 7-77 hw O asICs Y A CFHRICELOSFIVIVAERHT SADIEM. <RIRIC RHETT SAK—-YORE> Q.Whichof these sports do you participate in in your free time? WIC lIBALIVYIVAe ‘covDon = ~~ LMIScCMSlcase ™ 50% ; 46% of a t Seog ; ' 39% » Se (20194F12F) am a Ss Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

  39. Slide 39: Digital membership and online events

    FYAYVILAVYATLOBWUCAT A asics ¥Y DOSS. LIGHT AMBE* OMAN 5% (BAHN) . Y VIVVYRKSSPRIESNSA, 1,000HON-F VILL —2A & FaRREAE. M68HABI1 (3A-10A) . <SYIVORRAA (BAHN) > <N-F Vv ILL-AORE> MBIOF IT NWABREDLE T LIGU1AMBECHSC#EASESKBOKECAS QD 715% MBIOF 91 WARREOMRES,. os sysmex KOBE MARATHON Online PRunkeeper na

  40. Slide 40: Runkeeper and OneASICS services

    AR-YREA IL AP NDIA-VYRARZHR-Y F=VASAA= DA-eVIV Az Dr-#tVIVA-Z AIODA ASICS Runkeeper OneASICS Race Roster (L-—AO-A4B-) O asics mk DVT —DRBITHES CEMBCE. BNENDA-V YACHTS SES MAME SEKI VIVIVA-A. FYI -DEVAPEASCICMHCE SEVERIVIVIVA-AtBH. FY DVIR BL - LY IEST IZA TINO ANKLE DIP YI T— BDF YIVIVa-REF HA MEI B

Asics — Q3 2020 Earnings Presentation on 6ix