Yonex, the Japanese maker of golf, tennis and badminton equipment, reported that annual turnover for the year ended March 31 grew by 2 percent to ¥37.4 billion (€282.5m-$394.4m), though this was short of the ¥39.0 billion earlier predicted. Consolidated annual net income was ¥559 million (€4.2m-$5.9m), under the forecast of ¥850 million. The operating income for the year came in at ¥1.4 billion (€10.6m-$14.8m), not making the corporate forecast of ¥1.65 billion. Yonex is forecasting 7 percent net income growth in the current fiscal year to approximately ¥600 million (€4.5m-$6.3m) and revenue growth of nearly 2 percent to ¥38.0 billion (€287.0m-$400.7m).

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