YONEX (7906) Q1 2027 earnings summary

Executive summary

• Net sales rose 14.1% year-over-year to 45.4 billion yen, driven by strong demand in sports markets and favorable currency effects.

• Operating profit increased 9.4% year-over-year to 6.8 billion yen.

• Net profit attributable to owners of parent grew 31.9% year-over-year to 5.59 billion yen.

• Comprehensive income surged to 6.03 billion yen from 2.86 billion yen a year earlier.

• Growth was supported by athlete successes in international tournaments and expanded brand recognition, especially in badminton and tennis.

Financial highlights

• Gross profit increased 11.0% year-over-year to 20.9 billion yen, though margin declined due to higher raw material costs.

• Ordinary profit climbed 19.2% year-over-year to 7.1 billion yen.

• Basic earnings per share increased to 65.34 yen from 49.60 yen year-over-year.

• Total assets grew to 133.5 billion yen as of June 30, 2026.

• Net assets rose to 85.7 billion yen, with an equity-to-asset ratio of 64.0%.

Outlook and guidance

• Full-year net sales forecast revised upward to 181 billion yen, with operating profit expected at 18.9 billion yen.

• Net profit for the year projected at 14.2 billion yen, up 17.4% from the previous year.

• Earnings per share forecasted at 165.98 yen for the full year.

• Dividend forecast raised to 28.00 yen per share for the fiscal year ending March 31, 2027.

• Forecasts assume continued yen weakness and strategic investments under the Global Growth Strategy.