Bean’s sales were roughly flat last year, amounting to about $1.7 billion for the third year in a row coming out of the pandemic, with seven new stores added to the fleet.

Net profit attributable to owners increased 9% in the first quarter to KRW 89,222 million ($60.9 mm) from KRW 81,801 million, driven by 4% higher revenues of KRW 1,289,035 million ($880.4 mm), up from KRW 1,237,499 million.

Sumitomo Rubber’s sports division revenues ticked down 1% to ¥32,180 million ($205.1 mm) from ¥32,423 million in the first quarter, and operating income slid 47% to just ¥914 million ($5.8 mm) from ¥1,736 million.

S&P Global assigned the A-3 short-term issuer credit rating to GIL’s new CP program, and maintained its BBB- long-term issuer credit rating and stable outlook.

ASO closed its private placement of $500 million of 5.875% senior secured notes due in 2031, and used the proceeds to redeem its existing $400 million senior secured notes due Nov. 2027 and fully repay the remaining $85 million balance under its term loan B due Nov. 2027.