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Financial results presentation7906YONEX CO.,LTD.Information and Communications, Services and Others

Earnings Presentation Materials for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027

For the first half of the fiscal year ending March 2027, revenue, operating profit, and interim net income attributable to owners of the parent all exceeded the previous year's corresponding period. The Company stated that the increase in gross profit from higher revenue and an improved gross margin exceeded the increase in selling, general and administrative expenses, including marketing investments.

Worth reading
77Important
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
15.5
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter (interim period) of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥91,853 million+15.5%
Operating profit¥10,822 million+22.3%
Ordinary income¥10,897 million+32.9%
Net income¥8,213 million+28.9%
Gross Profit Margin44.8%
Operating profit margin11.8%
Selling, general and administrative expenses¥30,371 million
Full-year earnings forecast
Net Sales
¥181,000 million
Operating profit
¥18,900 million
Ordinary income
¥19,100 million
Profit attributable to owners of the parent
¥14,200 million
Operating profit margin
10.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is broadly in line with the plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in gross profit from higher revenue¥5,402 million
  • Improving Gross Margin¥915 million
  • Increase in personnel expenses¥-1,183 million
  • Higher Advertising Expenses¥-2,089 million
  • Increase in R&D expenses¥-199 million
  • Increase in other SG&A expenses¥-871 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
1RMB¥23.0
1TWD¥4.9
1USD¥155
1EUR¥180
1GBP¥210
OtherContinue growth investment based on GGS, while carefully assessing demand trends by region and the external environment
New initiatives
  • Planned acquisition of shares in SUNRISE SPORTS (INDIA) PRIVATE LIMITED, with the company expected to become an equity-method affiliate at a 50.0% voting-rights ownership ratio
  • Opening of the YONEX TAIPEI SHOWROOM
  • Limited-time YONEX COFFEE HOUSE pop-up
  • Continue amateur tournaments by competitive level and grassroots promotional activities in China
Key KPIsA metric the company considers important as a management benchmark.
  • Overseas revenue ratio75.9%
  • Overseas revenue ratio for badminton83.0%
    Year on year against the same period last year+1.6pt
  • Overseas revenue ratio for tennis67.2%
    Year on year against the same period last year+2.8pt
  • Overseas revenue ratio for golf51.9%
    Year on year against the same period last year+12.6pt
  • Overseas revenue ratio for other equipment64.8%
    Year on year against the same period last year+2.4pt
  • Badminton participation population3.84 100 million people
  • BWF World Championships video views2.08 Hundred million authentications
    Year on year against the same period last year+206%
  • BWF World Championships impressions2.74 Hundred million authentications
    Year on year against the same period last year+112%
  • New BWF followers16.1 10,000 people
    Year on year against the same period last year+50%
Segment results
  • Japan
    Net Sales¥35,794 million
    Year-on-year change in revenue14.4
    Operating profit¥3,514 million
    Year-on-year change in operating profit69.4
  • Asia
    Net Sales¥47,339 million
    Year-on-year change in revenue15.7
    Operating profit¥6,963 million
    Year-on-year change in operating profit15.2
  • North America
    Net Sales¥4,744 million
    Year-on-year change in revenue22.4
    Operating profit¥412 million
    Year-on-year change in operating profit43.7
  • Europe
    Net Sales¥3,612 million
    Year-on-year change in revenue17.1
    Operating profit¥475 million
    Year-on-year change in operating profit108.7
  • Sports Facilities Business
    Net Sales¥362 million
    Operating profit¥46 million
Financial targets
DOE2.9% (actual for the fiscal year ended March 2026)
Market Size / Share
  • Badminton participation population3.84 100 million people
  • Percentage of players in the US Open men's and women's singles main draws using the Company's racketsNo. 1 for the first time
Annual Dividend
¥31 per share
Interim17
End of period14
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending March 2027
Net Sales¥91,853 million (YoY +15.5%)
Operating profit¥10,822 million (YoY +22.3%)
Ordinary income¥10,897 million (YoY +32.9%)
Net income¥8,213 million (YoY +28.9%)
Gross Profit Margin44.8%
Operating profit margin11.8%
Selling, general and administrative expenses¥30,371 million
Full-year earnings forecastNet Sales ¥181,000 million / Operating profit ¥18,900 million / Ordinary income ¥19,100 million / Profit attributable to owners of the parent ¥14,200 million / Operating profit margin 10.4%
Self-assessment against the planProgress is broadly in line with the plan
Segment resultsSegment Japan / Net Sales ¥35,794 million / Year-on-year change in revenue 14.4 / Operating profit ¥3,514 million / Year-on-year change in operating profit 69.4, Segment Asia / Net Sales ¥47,339 million / Year-on-year change in revenue 15.7 / Operating profit ¥6,963 million / Year-on-year change in operating profit 15.2, Segment North America / Net Sales ¥4,744 million / Year-on-year change in revenue 22.4 / Operating profit ¥412 million / Year-on-year change in operating profit 43.7, Segment Europe / Net Sales ¥3,612 million / Year-on-year change in revenue 17.1 / Operating profit ¥475 million / Year-on-year change in operating profit 108.7, Segment Sports Facilities Business / Net Sales ¥362 million / Operating profit ¥46 million
Breakdown of Factors Affecting the ChangeIncrease in gross profit from higher revenue ¥5,402 million, Improving Gross Margin ¥915 million, Increase in personnel expenses ¥-1,183 million, Higher Advertising Expenses ¥-2,089 million, Increase in R&D expenses ¥-199 million, Increase in other SG&A expenses ¥-871 million
Key KPIsOverseas revenue ratio 75.9%, Overseas revenue ratio for badminton 83.0%, Overseas revenue ratio for tennis 67.2%, Overseas revenue ratio for golf 51.9%, Overseas revenue ratio for other equipment 64.8%, Badminton participation population 3.84 100 million people, BWF World Championships video views 2.08 Hundred million authentications, BWF World Championships impressions 2.74 Hundred million authentications, New BWF followers 16.1 10,000 people
Assumptions Underlying the Business OutlookExchange rate 1RMB ¥23.0 / 1TWD ¥4.9 / 1USD ¥155 / 1EUR ¥180 / 1GBP ¥210 / Other Continue growth investment based on GGS, while carefully assessing demand trends by region and the external environment
Financial targetsDOE 2.9% (actual for the fiscal year ended March 2026) / Other Not disclosed
Annual Dividend¥31 per share
Market Size / ShareBadminton participation population 3.84 100 million people, Percentage of players in the US Open men's and women's singles main draws using the Company's rackets No. 1 for the first time
New initiativesPlanned acquisition of shares in SUNRISE SPORTS (INDIA) PRIVATE LIMITED, with the company expected to become an equity-method affiliate at a 50.0% voting-rights ownership ratio, Opening of the YONEX TAIPEI SHOWROOM, Limited-time YONEX COFFEE HOUSE pop-up, Continue amateur tournaments by competitive level and grassroots promotional activities in China
Items this document does not state (12)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

As the sports market remained firm, products attracted greater attention due to the strong performance of contracted athletes in international competitions. Revenue increased on growth in sales of badminton and tennis equipment and the impact of foreign exchange translation from the weaker yen. Operating profit increased because the increase in gross profit from higher revenue and an improved gross margin exceeded the increase in selling, general and administrative expenses, including advertising and personnel costs.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Earnings Presentation Materials for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 | YONEX CO.,LTD. (7906) timely disclosure | Komori