Yonex reported a 9 percent drop in revenues to 14.5 billion yen (€115.1m-$131.3m) for its first fiscal quarter, ended June 30. Sales fell by 9 percent in the Japanese domestic market, down to ¥9.25 billion (€73.4m-$83.7m), with declines in tennis as well as badminton. Sales in China drifted down by 13 percent to ¥3.82 billion (€30.3m-$34.6m), as the formerly booming badminton market has become stagnant in the country. Sales were up by 7 percent in North America, driven by tennis, and they were also up slightly in Europe. The quarterly gross margin improved by 1.4 percentage points to 43.1 percent, thanks to a stronger yen, but the company's comprehensive net income declined by 34 percent to ¥299 million (€2.4m-$2.7m).