Bicycle retailer Asahi keeps annual outlook as repairs and e-bikes lift sales, costs bite
First-quarter sales rose 2.5% to ¥27.8bn, helped by electric-assist bicycles and repair demand, while operating profit fell 5.3% to ¥3.1bn. Management left its full-year sales target at ¥86.3bn and operating profit target at ¥4.3bn unchanged.