Asahi Co., Ltd. Provides Non-Consolidated Financial Forecast for the First Half of 2024 and Fiscal Year Ending February 20, 2024
June 25, 2023
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Asahi Co., Ltd. provided a non-consolidated financial forecast for the first half of 2024 and fiscal year ending February 20, 2024. For the first half of 2024, the company expects net sales of ¥45,000 million, an operating profit of ¥4,300 million, Profit of ¥2,950 million and Basic earnings per share of ¥112.96.
For the year, the company expects net sales of ¥80,000 million, an operating profit of ¥5,200 million, Profit of ¥3,400 million and Basic earnings per share of ¥130.19.
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).