Yonex has reported a 4 percent drop in net income to 246 million yen (€1.8m-$2.0m) on flat revenues of ¥11.67 billion (€85.7m-$94.0m) for the first quarter of its financial year ended on June 30. Sales were depressed by the termination of a contract with its Chinese agent and the transition to a direct sales mode. Revenues from North America increased by 23 percent due to the strength of the dollar and some progress in tennis.

Topics