Financial reporting

Currency and costs weigh on Yonex’s Q1 results

By 2023-08-16T09:48:00

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Higher sponsorship and athlete contract expenses coupled with currency headwinds and a depreciation of the Japanese yen dragged down Yonex’s Q1 operating income, despite an 18 percent revenue growth, to ¥27,992 million (€187.5m) from ¥23,694 million for the three months ended June 30.

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