YONEX announced that it had raised its earnings forecast for the fiscal year ending March 2027 and expects operating profit of ¥18.9 billion, up 14.2% from the previous fiscal year. Operating profit for the first quarter was ¥6.887 billion, up 9.4% year on year, supported by strong sales to overseas distributors and controlled selling, general and administrative expenses.
YONEX, which manufactures badminton and tennis equipment, raised its earnings forecast for the fiscal year ending March 2027. The new operating profit forecast is ¥18.9 billion, representing an increase of approximately 14% from the previous fiscal year.
Operating profit for the first quarter, announced at the same time, was ¥6.887 billion, up approximately 9.4% year on year. The company said strong sales to overseas distributors and selling, general and administrative expenses being kept below plan contributed to the result.