Yonex’ revenues went down by 5.9 percent to 15,377 million yen (€128.8m-$143.4m) in the fourth quarter of its financial year, ended on March 31. In Japan, which accounted for 60 percent of the company’s total turnover, sales declined by 13 percent from the year-ago quarter. In North America, they dropped by 9 percent. However, European sales – which represented only 3.5 percent of the turnover – declined by 6 percent. The Rest of Asia jumped by 9 percent, as several economies were affected less by the coronavirus pandemic or reopened earlier. The gross margin expanded by 1.1 percentage points to 44.3 percent. Yonex’ net income inched down by 1.2 percent to ¥592 million (€5.0m-$5.5m). For the full year, revenues rose by 1.4 percent to ¥61,967 (€519.3m-$578.0m) and the gross margin progressed by 0.2 percentage points to 42.3 percent, while net income narrowed by 4.1 percent to ¥1,653 million (€13.9m-$15.4m). Sales improved in North America and China, but declined in Japan. In Europe, tennis sales improved, but badminton was down. The company has not released any guidance for the current financial year.