Implied net income at Asics Corp. was ¥3,008 million($33.2 mm) versus ¥2,185 million for the period ended Dec. 31. Revenuesimproved 11% in Q3 to ¥53,503 million ($591.2 mm) versus ¥60,416 million. Forthe nine months ended Dec. 31, the Japanese company reported a 42% drop inyear-over-year net income to ¥5,628 million ($62.2 mm) on an 11% revenuedecline to ¥164,272 million ($1.82 bb).
At Asics America, Q3 revenues rose 7%. Management saidyear-to-date sales were up more than expected and the company continuespreparing for growth. Last year, Asics America saw its market ... Log in to view full article.