Asics Corporation · TSE:7936

Asics — Q2 2024 Earnings Presentation

52 slides from Asics's earnings presentation, August 2024

  1. Slide 1: © 2024 ASICS Corporation. All Rights Reserved.

    © 2024 ASICS Corporation. All Rights Reserved. ©

  2. Slide 2: © 2022 ASICS Corporation. All Rights Reserved.

    © 2022 ASICS Corporation. All Rights Reserved. ©

  3. Slide 3: © 2022 ASICS Corporation. All Rights Reserved.

    © 2022 ASICS Corporation. All Rights Reserved. ©

  4. Slide 4: FY2024 Q2 results overview

    REINAF gsera 7th (Bet = BF) S20HeIH FY23 Q2 AEC ed LR: (1-6) Ea Eu! a: ae maine PPL A eat KES Ree Bias hae SOE 6.8% +0.2ppt 69 410.6% Oy 160% 509 HET 589 whe 422 1© 2024 ASICS Corporation Alfights Reserved. sound minds dy FY23 Q2 | FY24Q2 - . ee ze UR Re BASLE 2,330 2,778 +448 +19.2% BAL 80.4% 81.2%

  5. Slide 5: FY2024 Q2 results summary by category

    82024412 S204 (PAR) BRAT Y ho QO Stk: SAF AV — + BU —-Yay + SF vy AICHE, ZOGR, BERBOEHM SHUNMEESM, SER: 3,42 148F9 (BIEDIMBLL : +18.0%, BBBBIR< : 48.7%) HEFUZSEE : 55.5% (AICERIMALL : +4.5ppt) Sella : S8ORA] (BEIBALE :+75.5%) / Se Flaeas : 17.2% (AIAEIRIRALL : +5.6ppt) PRM AAS: 42208 (AIEIIBALL : +7

  6. Slide 6: FY2024 Q2 results summary by region

    202412588 ROUEN (HAIN) MARTY KO ASKS QO iS : Seeriticas CA NIEA PYYIAIV KY : BRA 23.1% BINA +9.7 ppt PRISM LRPDICHROML kSMANRROUE, SSICMEBKOET 6H 0 BRANBRSAMICKE BRIN : SSSEAURESS 16.5% BISEMIHALL +6.3 ppt LYK Y—EF ILO RATE lek SIA AEROWBI £1 BABE AMICME TRE: SARS 22.5% BIEIBALL +1.4 ppt BVRAREMNASN

  7. Slide 7: Brand initiatives and athlete sponsorship

    PAV Vey Wc SdR—-hBFORRLT YY 7ZOMEM + M300ZO7 YyIAUHh-hBEOW (MEASLH +#150%) + ISUTHAT TASICS HOUSE; @HRL. BEPRMREARRA. XT 47. TYALYY-€OASa=F—-YaveRit PIT ANE) Yjokovic (#/LE ) BFYYINA Jasmine Paolini (4 9 0?) BL=hY = PUT (FXUA) FaRKFETINA BTIIVY q \ = J t af RE (BA) KL-K-)) BF (AA) Bi (BA) FFIP KIbDL

  8. Slide 8: Initiatives and summary

    FRARAANARVERALL + PLYIATN— TORR RAD E2024 ACS CH + BARUABE SO BIC TH BRN OTH LER OasIcs sound mind, sound body + FO-NIVAEOI-ML-KANFYASERL, BAPBICHWTEIOVK IVI -KBSC CERT Buy @ atHen LRoRAHEe\ORMBEERET @ so wenanecemmcmess © sasusaxomo as © wrktonsKconeasicsezowe @ axazonn iR REERe REA RMNGP Uy 7ZORMR

  9. Slide 9: Initiatives and topics

    Jee akAmweH fae @ aoa THO D—AEAR—Y ICD, DE SAAR TEM SN SHR, ERR @ unonz + Zi > —iRMBKA ASICS Foundation ({R#n) + BILEA : 2025445 (FE) * AMAR: TOIL. HAN ECARANAMEKRICHSBLE BAWA. KES. BH: AKR-Y SLIERRERHS SHAA OM © sare + PY yYTAORATSACRAEMD (MICH) . MLA ERR + BUI SSA BAOVSE SEL, BUENA TINABOMD + SRRE

  10. Slide 10: • • 1,800 1,600 1,400 1,200 1,000 ©

    • • 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 ©

  11. Slide 11: © 2022 ASICS Corporation. All Rights Reserved.

    © 2022 ASICS Corporation. All Rights Reserved. ©

  12. Slide 12: FY2024 Q2 results summary

    OasIcs sound mind, sound body § 2024120 S20 (PR) Re = " MRM : +5218 +18.0% soba 3,421 {FA (airs 2.900889) BUEBR< | 1251087) 48.7% WAR. BFR T+18.0%, ABR eR CT H+8.7%OMR. Y TSPUE CB EREIRE +27 ONO KIER C, Shieh CHIC LIND AVY RADY AY Ti+ 15 CHORE, VINTAGE TECHO#E NIE RIC ED. IK CHAZ, PRE CAMZEOMME RD,

  13. Slide 13: FY2024 Q2 income statement (first half)

    Bsexre157h | a8 (S60: 4879) 2H FY23 Q2 FY24 Q2 lait EB: SRS (1-6A) RH Ri te gee KSSRes 6.6% 6.8% +0.2ppt waite 62 69 10.60. ames 85 97 aston oo rome 0 187%. malas 336 589 +785% Proud AAA ES ae 470.3% 1© 2024 ASICS Corporation Alfights Reserved. 12 sound minds dy FY23 Q2 | FY24Q2 - . ee ze UR Re BASL

  14. Slide 14: FY2024 Q2 income statement (second quarter)

    PSeee\757h (37 A) a. fame (Bf : #5) 2G FY23 Q2 FY24 Q2 lait (4-6) Ea Rw ae ee ee a aoe wee 1,109} 1,377} +4268 | +24.1% OL 80.5% | 81.9% - | +14ppt AEVER< Bana +168 +12.2% KeSees 7.6% 7.6% +0.0ppt GE SAR +119 +103.5% (4 +4 aes 32 36 113% y +5 pest tibass po +47 +56.0% Butz 44 49 413.09 +46 LOWER 230

  15. Slide 15: Operating profit change analysis

    greeonn + RAWSTBLbIS. SEL AETBL+7.9%OIMCBot—A, MBBISA3.0% (UTHEMBRBER<) « OasIcs sound mind, sound body + BURRIS. 16S FBOS AH (+11 10) SPR< COTAUEMICRES. ERAMSHBALE FOI 1 yh Yr? (218A) SEOANBARBO CICK SAR ROM, AVY EYI/NIVVEy TBE, FIFI ABOKLSS FROMM, BLBHAAZLOMMCLSbO, (AL, MBBWHS38.3%%. (7 : (FA) 125

  16. Slide 16: © 2022 ASICS Corporation. All Rights Reserved.

    © 2022 ASICS Corporation. All Rights Reserved. ©

  17. Slide 17: Net sales by category

    OasIcs £ [=I ‘sound min, sound body alt Barsy—see7 + PRUNIS, LY KY—EFIORARSTVGNS SE, Silt THM, + SPSISS HIN TAHIR. ICAL Td 2 1818, PHBH 2 OBL <AR. + OTIS TAME. He. TUNDYERLORBMAZWAACMA, PHB. RH HP UP CARR. 1,709 1,478 FY23Q2 Mi FY24Q2 (Bf : fF) BE +231 +16 +179 +156 404 420 +0 459 438 280 L| “Zz Ly

  18. Slide 18: Net sales by category analysis

    Bossy —aas—s ASKS + AFAV—FlRSCPSER< SATAY —THBH. + AFAV-HAAKG. BSS (+139A) SRWNCRSSAOWM. AAhKA-—F+—HOF, TBEMAOKRRICSWT SMEAR MU SRIETIY KOI. (4st : #3) P.RUN cps APEQ SPS oT Others Total She 1,709 420 187 459 438 208 3,421 ae (+231) (+16) (+7) (+179) (+156) (A68) (+521) = 410 80 21 128 166 az t)— Fi

  19. Slide 19: Operating profit by category

    Besser (nr tyU—m) ASKS HRSA Cs B2O MICS COOMA SBA SAR ME. P.RUN, SPS, OTISEICHUN- PHB FREE Om lc FO AMBRE. (Sz : 89) +88 ERE : SERA C&) FE: BEE +74 Aq 48 +136.8%, Others +118 +60.1% +40.3%, ATT% oT cps APEQ SPS 336 AF AVY —WSRAMR PRUN FY23Q2 FY24Q2 AFA PATA ATA (orang ‘ee P.RUN 292 410 24.0% / cPs 8

  20. Slide 20: +4.5ppt

    • . • +27.9% . • 2 3 +7.4% . • 52.9% +4.5ppt . • . • . ©

  21. Slide 21: +0.9ppt

    METARISE 2 DNA • • 44.9% +0.9ppt . • • ©

  22. Slide 22: Motion Muscle Support

    MOTION MUSCLE SUPPORT • . • 2 3 • 52.6% +3.8ppt . • • MOTION MUSCLE SUPPORT ©

  23. Slide 23: Vintage Tech

    2008 GEL-NIMBUS10 . • . • 2 3 1 VINTAGE TECH . . • 51.5% +3.0ppt . • . • SNS EC . ©

  24. Slide 24: Delecity

    DELECITY DELECITY L • • 2 3 1 3 . • 73.4% +5.2ppt . • • 75 7 8 • 9 ©

  25. Slide 25: © 2022 ASICS Corporation. All Rights Reserved.

    © 2022 ASICS Corporation. All Rights Reserved. ©

  26. Slide 26: Regional results: Japan, Americas, Europe

    | eae (4st : #3) OasIcs ‘sound min, sound body PYIIAD# Nid, PRUNPTYNIYEESOREMG ASOT ORR £4+24.2%ORR. AEKIS, FYVIYVTSPUETOAMMAR (+27.9%) ESPSeHilc, BAGRR SHS. PHBld. SURAREDASNSAHCh, SATAV—THMEMRL, +21.1%OIM. "ZO tts Hee HE TCH L cHagléfs ABEER< CABRE CRAM. FY23 Q2 MB FY24 Q2 915 SBIYNIYE 10084 RE AP

  27. Slide 27: Regional results detail

    SSS FAIR (tee) + PYYIAP eld, Rot RMHOLAPDICHEOALI SHURE ONS, SSCMREREORT ESO SRUBRSARICKE, + BONIS, BRN? AIY hORODARESARICBUEOLAL, BIER L+89.6% c ARIS. + PHB. SATIV—THM. MTMMOLAGEIS SHMREOKBEHO, AWBH. AEB : JETER FRR : UK +10 +17 46 +33.2%, +64.3% 42 +18.6% - yap EO alae VET RP BSP Sosa al ESS FS Ab

  28. Slide 28: Sales channels and mix

    Batekitistic si See @ sy =r FSM SEV AAMALTY hU-EFILOB 2022 2023 2024 FYaVTSPUA 13.1% Dur 9.1% 11.0% oe) LYKY-EFIL [pac 26.3% 22.2% aa (LBS—A) ARS O RICE. T—9 Eb CIMA THER © wieceMBBOs ec, AH-Y2AITNORRTER 2022 (BMA) 2023 (EHB) 2024 (EHR) SPS EARLS +16.2% 432.0% +155.1% © sze0unrcaee 2022 (8) 2023 (HB

  29. Slide 29: Direct-to-consumer and e-commerce

    Bsr vleta + WK-ILE—ILId, Jb, PRB. RB PUP O2TMRBLEOO, WAN R BUR + ils CORB B0+0.1%. 28 + UF—Ibid, BRP PHAGE TOME £04+24.8% (PYYIAL v NY +53.1%, PHB +17.3%) . OasIcs ‘sound min, sound body + EClst, OneASICS#EOS &, AIFRIHH+23.6%C, ARR. IC. PHA (+28.9%) PRIN (428.6%) A'zE5I. (847 : #3) Fv RIVE TLE +8.9%

  30. Slide 30: Monthly sales trend

    — FY 24 TLR gees (Abi - PS¢HARl) wy23 MATERIA Ibo CAMEARERRC set 245 7A BADLISBARAOC TIA. MFRAL+19.3% BERBSRWTH+12.6%C BOT HOMR SHS. 2X1 P.RUN/SPS/OTIs sia M835. $31C, SPSISAIFRIAH+55.8% (ERX +44.9%) . OTISAIFRIAH+44.1% (BBAR<+38.8%) CAMIM. SHE TIS, SH CRAICHEB. BIC, PY YIAY PNY, IK. ALP IP, RB BPYP

  31. Slide 31: © 2022 ASICS Corporation. All Rights Reserved.

    © 2022 ASICS Corporation. All Rights Reserved. ©

  32. Slide 32: Gross profit analysis

    Pecseume PASKS HACHLPAREE FSHEROWMMCETHRAAMS, HAEALITORAN. FRASER. ACRAMSSECEAL., WARK IYbO-I. BEHBK LOBRESHSAMHLbOO, MANROWMICLO, AOAAL RISA. 2pptKBO48.3%. @e 5,169 cimaxtises) zene ERG ceive AR ULF ERORHSO HM +122 RRAORD ATB DAE 2 652 EASON 464 PHPOWA +310 3,606 65 HOD A200 HNBEOWM +69 (HURBAR LE

  33. Slide 33: SG&A expense trend

    P@a+7yya70- GEIS, PAGRMER Rl, PMC LTBAREOER+ py Y17O— (43208) ealik. VRPFACEANC LICR, RIN TOMRABOBBl FO, Rem cee, AMORLFICMAEBBELOMEMEMGRL, RRRAPRERTOLOOX + y Y 3 SHIRL TU < Fst. B¥4+yyYa70- me By yYaz7o— 7 Fr yya7o- (Hii: (FB) 432 329 293 240 98 AQ1 47 A168 | | DS AST ASI ASB A53 A103 A142 A226 FY2

  34. Slide 34: Inventories and balance sheet items

    Pscunaers OasIcs sound mind, sound body HARERRAB HE FSMRLEFICEO, MERU CRAZ20GARY (BBVA+OSA) . MAL TSRASSRAMY (B+ 10718F) . HARES, MERRCZTARS, AMAL TSS AE. PASTEL PHAIY KOMIK O aE CHOY, PRIMACY ERIM t REO. [Best (B44 : 187) FY23 Q2 FY2304 FY24 Q2 eal cled AURAL eta 1,408 1,212 1,281 Al27 +69 AL SEE T

  35. Slide 35: Key financial indicators

    BROAY Uv —3 8% FOIDK Fre: V-YavsyI7AOMB MMIC EO. TLR AMIC LF. TLOMPREEGAASRY L, PRARMGECAS < ue. 34 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2: FY23 Q2 FY24 Q2: FY23 Q2 FY24 Q2: FY23 Q2 FY24 Q2: : 440f8Fa :4.08) :3.2(5] :4.4f8] FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 : :3,42118A : 2,900(8F 7152148 > 14

  36. Slide 36: © 2022 ASICS Corporation. All Rights Reserved.

    © 2022 ASICS Corporation. All Rights Reserved. ©

  37. Slide 37: FY2024 full-year forecast

    § 202412 Beer + 20247 12AMId. N7A-YYADYIVIEMI, AN-YAY A IVEALYNIA H-ORTOWPMERRESR LCR, TLABLVERMMBSWINEBARE CES ALAM, + MRROMA, YMORMP+ yy Ya + TO-ORRERANICMRL CR, PMEION, HARE 1ON (testowle) SRD. BS. RAABEERLEWRAOMANMO FBS. WAR Y4OAOBMSONE RAD. OasIcs sound mind, sound body a FY23 FY24 . (28H) es P

  38. Slide 38: Operating profit forecast change

    [20244 12AM SRERNAP MEM : BRT! 37 (S400 : fi8F3) “\// Ee FY24 AIEPAS +157 Roos MAZES A19 ee Al2 ANBAND ! yy KRESS Re fem RAS == |___, alate (F1R-SEFAB) F 52.8% > 55.3% (+2.5ppt) 25R RMN TEAL +1.6ppt FRRIVSYIA +0.4ppt JFL-kAARK 32 422 = . Z0H8 ae or OasIcs ‘sound min, sound body 950 FY24 Sil PAR

  39. Slide 39: Net sales forecast change by category

    OasIcs 8202441 2A Sea RAP MER : HTT —Bl ctr (8342 > $379) +110 +0 580 FY24 BIEL AR 38 +150 +5 950 Others +90 +15 APEQ | SPS Paul 429 | IK 423 | FY24 SEPA

  40. Slide 40: © 2022 ASICS Corporation. All Rights Reserved.

    © 2022 ASICS Corporation. All Rights Reserved. ©

  41. Slide 41: Mid-term plan 2023 progress

    asics BeEscicos Smee R ASKS PATFFEVT1ALM—h2023K1T (CE SDS CHBUCETES) Cs es + BAY TITFI-VIESUS HOR ORRCEOLOOMMM - ERROR ICA CEO SF I1 VT, OLED, HOA OBA HOA AEROBREBBL, EYRAN-BF—-E Cb BNC BRATEHBET SC LE CO xm - TOAHCHE, AF-IRILIY-COMBYP, THORP THES OWE Meh D D PABAIIC RO HD + REBRE6A, AAR 7AICHT + SE

  42. Slide 42: Mid-term plan 2023 initiatives

    Savwecms oman ASKS srs mat 2023, MARMRB2023KT (CsspscwRickeses) PCBS COM TORAREBLRO, HYU—F—Y yy TXYN-PSOIASY KAY HK EBT PYYIADBREN THK, BRIS LODO CMS, BBCI BE @ cooxsapit croc ose "FO-WNIxF IY Ibi EF —VICSRE RHE SAPHD5 BEEP YY JAOFIY IL/ITIC OW CHE RE © croxizsiae ste + BHOPC PY yIAICHT SMLURHE ENTS

  43. Slide 43: © 2022 ASICS Corporation. All Rights Reserved.

    © 2022 ASICS Corporation. All Rights Reserved. ©

  44. Slide 44: Management changes

    asics BiRaLyy— PG ESKS ERPE SA (FE) 11888 20247 12AMRSOHARR RAR COO BK CFO # 54 Fits RARBR, PIUAK, MERA 11R198 #118 TURARAYE TA RE F-YV: UHH StB20260 REL, RU 'SPSHER, (PE) 2024 12AMRA REAR 20252A RARAS MAASAI CEO ff, COO Bx, CFO tk RAMS BBRBAR PUA, ERMA 43 1© 2024 ASICS Corporation Alfights Reserved

  45. Slide 45: Operating profit margin by category

    OasIcs Barty alas Lm (2024e8204K) aSICS | ePYYIAI VY wick OR PHB API RA BPYP Oth 2th P.RUN CPS ZOU ppl PRION RE RPYP 8.2% 13.9% 4.2%, 9.1% y 5.5% ALPXIP 6.4% 6.6% 9.6% 7.7% 16.4% 15.5% pee APEQ SPS OT a” 8.4% 4.9% 3,496, 10.0% 9.4% >, eg 128% 10.4% 12.7% 34.5% 44

  46. Slide 46: Sales composition ratio

    g2zen sy asm cozeem2meM PASI mP.Run mCPS wAPEQ SPS OT s@Otth Bes PYIYIAZIRKY abaK 1.0% 36.1% He ALrPuiyP Re: mrvP 0.8% 28.6% 31.8% 11.0% 8.8% 37 5.2! 45

  47. Slide 47: FY2024 Q2 results by region and category

    [20242 12A8i S208 (ARTHA) Hest RUSSH 46 ot 2 Aa + a AEB x Al i Seles PYIIALRINY (EAsitbsEE OPA) = ad fig ot + a AEB = Al a Seles ALK + a AREER x Al i BAe BR + B AEB x Al i Seles FY23 Q2 (1-68) 691 80 11.6% FY23 Q2 (1-68) 363 48 13.4% FY23 Q2 (1-68) 559 5 0.9% FY23 Q2 (1-68) 783 79 10.2% FY24 Q2 (1-6

  48. Slide 48: FY2024 Q2 quarterly results by region

    [20242 12A8i S208 (ARTHA) Hest RUSSH 47 Aa £ ia AEB SB fl i Seles ot PYIIALRINY (EAsitbsEE OPA) a + a AEB x Fl tt Seles fig ab + a AREER SB fl i BAe ot BRN cad £ a AEB SB fl i Seles FY23 Q2 FY24 Q2 (4-68) (46R) 328 398 398 33 65 10.0% 16.1% FY23 Q2 FY24 Q2 (4-6R) (46R) 166 213 213 21 52 12.7% 24.4%

  49. Slide 49: FY2024 forecast by category

    20241 2m we PAR: HT IU—B OasIcs ‘sound min, sound body BLS 3,000 3,220 47.3% +1.6% 2,859 +12.6% +8.0% PRUN = AF AV—Alze 570 680 +19.3% +14.5% 500 +36.0% +32.0% AF AY AEE 19.0% 21.1% +2.1ppt - 17.5% +3.6ppt - LS 800 790 A1.3% 15.2% 721 +9.5% +6.3% cps PF AY Alas 130 130 +0.0% A3.4% 128 +1.5% 0.9% AF

  50. Slide 50: FY2024 forecast by region

    9820242 1 2A) Bese FAS : Hbsetal OasIcs ‘sound min, sound body LB 1,380 1,620 417.4% - 1,358 +19.2% - BAAR Stbiat KT eesealak 140 270 +92,9% - 127 +111.0% - BAAS 10.1% 16.7% +6.6ppt - 9.4% +7.3ppt - TL 750 920 +22.7% - 708 +29.8% - DB. PUY PRIVY sepa 95 220 +131.6% - 72 4+208.2% - EP ees 12.7% 23.9%

  51. Slide 51: ASICS vs TOPIX share price

    70 ASICS 60 50 TOPIX 40 30 20 10 0 -10 2018 2019 2020 2021 2022 2023 2024 -20 -30 -40 8 7 6 2018 2019 2020 2021 2022 2023 2024 5 4 3 2 1 0 ©

  52. Slide 52: © 2024 ASICS Corporation. All Rights Reserved.

    © 2024 ASICS Corporation. All Rights Reserved. ©

ASICS — Q2 2024 Earnings Presentation on 6ix