FY net income was 7.7 percent higher year-over-year to ¥10,591 million (€64.8m) as gross margin improved by 60 basis points to 44.9 percent.
The Japanese company, bolstered by strong demand for badminton and tennis products, reported a 10.3 percent increase in annual operating income to ¥14,176 million (€86.7m) for the 12 months ended March 31. FY net income was 7.7 percent higher year-over-year to ¥10,591 million (€64.8m) as gross margin improved by 60 basis points to 44.9 percent.
Yonex’s annual revenues rose by 18.8 percent to ¥138,276 million (€845.8m), with badminton, the group’s largest sport category, accounting for 61.5 percent of all sales. Badminton sales swung 17.0 percent higher year-over-year to ¥85,008 million (€520.0m). Tennis sales, meanwhile, increased by nearly 9 percent to ¥18,774 million (€114.8m). Golf sales declined by 13 percent from the previous year to ¥1,653 million (€10.1m).
Regionally, Europe turned a ¥477 million (€2.9m) operating profit for the 12 months from sales of ¥5,359 million (€32.8m). North American sales rose by 4.6 percent to ¥6,354 million (€38.9m) and generated an operating profit of ¥560 million (€3.4m). In the company’s home market, the operating profit was ¥3,694 million (€22.6m) from revenues of ¥58,005 million (€354.8m). The Asia region posted annual revenues of ¥67,999 million (€415.9m) and an operating profit of ¥9,712 million (€59.4m).
Yonex’s current FY26 forecast for the 12 months that began April 1 calls for an operating profit of ¥14,800 million (€90.5m), net profit of ¥10,800 million (€66.1m), and total revenues of ¥148,000 million (€905.3m).
