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Article Date: May 2017
Word Count: 239

Asics Net Flat on Modest Sales Decline

Net income was ¥9,328 million ($82.7 mm) compared to ¥9,362 million for the first quarter ended Mar. 31 on a 4% decline in sales to ¥117,769 million ($1,044.2 mm) compared to ¥113,052 million with declines in its three biggest markets, Japan, the Americas and EMEA, as technical running shoe sales continued to struggle. Sales in the Americas were down 5% to ¥29,857 million ($367.4 mm) while Japan declined 3% to ¥35,396 million and EMEA dipped 13% to ¥27,699 million. Asics said sluggish sales of running and lifestyle shoes in the U.S. failed to offset strong sales of running shoes in ... Log in to view full article.


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