Asahi Co., Ltd. Provides Earnings Guidance for the Period Ended August 2024 and Year Ended February 2025
April 01, 2024 at 02:00 am EDT
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Asahi Co., Ltd. provided earnings guidance for the period ended August 2024 and year ended February 2025. For the period, the company expects net sales to be JPY 46,000 million. Operating profit to be JPY 4,400 million. Profit to be JPY 2,960 million. Basic earnings per share to be JPY 113.34.
For the year, the company expects net sales to be JPY 82,500 million. Operating profit to be JPY 5,500 million. Profit to be JPY 3,680 million. Basic earnings per share to be JPY 140.91.
ASAHI CO., LTD. is a Japan-based company mainly engaged in the sale of bicycles, parts and accessories, as well as the provision of maintenance and repair services for bicycles. Its bicycle products include ordinary bicycles, sports bicycles, children bicycles, electric bicycles and foldable bicycles. It is also involved in the sale of bicycle parts and accessories through the Internet. The Company carries bicycles of original brands as well as private brands manufactured from overseas, and provides its products to home centers (HCs).