Group CFO, “Despite mixed overall consumer sentiment in China, the brand’s performance in the market remains solid.”
Sales in Asia excluding Japan rose 26.2% year-on-year to JPY 40.931 billion (approx. USD 270.5 million), with both the Chinese Mainland and Taiwan markets showing growth.
Nicolas Bos pointed out that growth in the Chinese market was indeed driven by improved performance in Hong Kong and Macao, including both tourist and local customers.
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All product categories and regional markets recorded net sales growth, with particularly outstanding performance from Sports Style and Onitsuka Tiger.
Net sales rose 24.9% year-on-year to CHF 794.4 million (up 34.5% at constant currency), while net profit surged 289.8% to CHF 118.9 million—both setting all-time highs.