The parent company, which includes Daiwa and Prince, reported a 10.5 percent Y-O-Y sales growth in Europe to ¥16,295 million (€99.8m) in FY25.
The Japanese group, whose brand portfolio includes Daiwa fishing gear and Prince tennis rackets, was aided by localized products and a weak yen as it reported 10.5 percent year-over-year sales growth in Europe to ¥16,295 million (€99.8m) in FY25. Segment profit was ¥665 million (€4.1m) versus a loss of ¥219 million for the 12 months ended March 31.
Overall, Globeride saw its annual operating profit decline by 13 percent to ¥6,508 million (€39.9 million) in FY25, on a 1.6 percent dip in total revenues to ¥123,983 million (€759.4m). Net profit attributable to the company fell by 14 percent year-over-year to ¥4,873 million (€29.3m).
The company’s current annual outlook for the 12 months ending in March 2026 calls for operating profit to rise by 7.6 percent year-over-year to ¥7,000 million (€42.9m). FY total revenues are forecast to gain 4.9 percent to ¥130,000 million (€796.2m), but profit attributed to the company is projected at essentially flat at ¥4,800 million (€29.4m).
