Yonex Co., Ltd. · TSE:7906
Yonex — Q1 FY3/27 Earnings Presentation
22 slides from Yonex's earnings presentation, Aug 10, 2026
Slide 1: Fiscal Year Ending March 31, 2027 Q1 Financial Results
Fiscal Year Ending March 31, 2027 Q1 Financial Results Yonex Co., Ltd. Tokyo Stock Exchange Code: 7906 August 10, 2026
Slide 2: Table of Contents
Table of Contents 1. Consolidated Financial Results for FY3/27 Q1 ・・・・・・・・・・・・ 3 2. Segment Overview ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 7 3. Forecasts for FY3/27 ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 14 4. Topics ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 15 5. Appen
Slide 3: Highlights
Highlights Net Sales Operating Profit Net Profit Attributable to owners of parent 45.4 billion yen 6.8 billion yen 5.5 billion yen YoY YoY YoY + 14.1％ + 9.4％ + 31.9％ ⚫ Amid firm sports markets, interest in Yonex products grew further as Team Yonex athletes performed strongly in international tournam
Slide 4: Consolidated Income Statement
Consolidated Income Statement (Million yen) FY3/26 Q1 FY3/27 Q1 FY3/27 Forecasts* YoY Results Results Margins H1 Full Year Net Sales 39,856 45,468 ― +14.1% 90,500 181,000 （+5,611） Gross Profit 18,823 20,888 45.9％ +11.0% ― ― （+2,065） SGA 12,546 14,021 30.8％ +11.8% ― ― （+1,475） Operating Profit 6,277
Slide 5: Factors behind Operating Profit Changes
Factors behind Operating Profit Changes Gross profit rose on higher sales, though the margin declined against an exceptionally high prior-year base and on higher raw material prices. SGA increased mainly on higher advertising expenses from stronger global marketing and personnel expenses. (Million y
Slide 6: Consolidated Balance Sheets
Consolidated Balance Sheets Notes and accounts receivable - trade increased in line with sales growth. Inventories also rose, partly reflecting slower sales growth in China. （Million yen） ⚫ Assets ⚫ Liabilities End FY3/27 End FY3/27 End FY3/26 Change End FY3/26 Change Q1 Q1 Cash and Deposits 34,312
Slide 7: Segment Information
Segment Information Our business consists of the Sporting Goods Division, which is divided into the four regional segments of Japan, Asia, North America, and Europe, and the Sports Facilities Division. (Million yen) FY3/27 Q1 Results Related Entities Sales Segment Composition Net Sales Operating Pro
Slide 8: Net Sales Changes and Forex Impact (Reported Segments)
Net Sales Changes and Forex Impact (Reported Segments) The yen depreciated against all major currencies, contributing to higher consolidated net sales. In the North America segment, although sales declined slightly on a local currency basis, reported sales increased due to the positive effect of cur
Slide 9: Japan Segment
Japan Segment YoY （Million yen） Net Sales 17,481 million yen +12.5 % 17,481 15,539 13,133 Badminton demand remained solid, with sales exceeding the previous Domestic year's high level, supported by spring seasonal demand. Tennis sales Sales held at the previous year's high level, driven by new produ
Slide 10: Asia Segment
Asia Segment YoY （Million yen） Net Sales 23,714 million yen +16.1 % 23,714 20,421 Badminton demand remained solid and sales increased, though growth moderated after the substantial gains through the previous fiscal year. 14,685 China Other products such as apparel and bags also continued to grow, an
Slide 11: North America Segment
North America Segment 2,185 2,215 （Million yen） YoY 2,215 million yen +1.4 % 1,627 Net Sales Tennis products remained solid, sustaining the prior year's high level. In badminton, racquet sales rose while overall sales held steady. Segment sales declined slightly on a local currency basis, but report
Slide 12: Europe Segment
Europe Segment （Million yen） YoY 1,851 1,851 million yen +23.3 % 1,406 1,501 Net Sales Sales of badminton products remained solid, and tennis product sales also increased, supported by improved brand recognition resulting from the success of Team Yonex athletes. For the Europe segment as a whole, ne
Slide 13: Consolidated Net Sales by Sports Categories
Consolidated Net Sales by Sports Categories In the Sporting Goods Division, overseas sales grew and net sales increased across all sports. Our strengthened "Head-to- Toe" approach also drove higher sales of footwear and apparel. （Million yen） Sporting Goods Division Sports Facilities Division Badmin
Slide 14: Earnings Forecasts for FY3/27 (Upward Revision)
Earnings Forecasts for FY3/27 (Upward Revision) We made upward revisions to our forecasts announced on May 12, 2026. While the sports market is expected to remain solid, we will carefully assess demand trends by region and the external environment. ⚫ Forex Rate (average) (Yen) ⚫ Reasons for the Revi
Slide 15: Badminton: Thomas & Uber Cup Finals 2026 – China and Korea Triumph
Badminton: Thomas & Uber Cup Finals 2026 – China and Korea Triumph The men's and women's national/regional team competitions were held in Denmark, with China winning the men's event and Korea the women's. Thomas & Uber Cup Finals 2026 (April 24 – May 3, 2026 / Horsens, Denmark) China took the men's
Slide 16: Tennis: Wimbledon 2026 – Team Yonex Shines
Tennis: Wimbledon 2026 – Team Yonex Shines Linda Noskova won her first Grand Slam (GS) title. Of the 15 events, Team Yonex captured titles in 5. Champion Champion Women's Singles Men's Doubles Team Yonex won in 5 events Linda Noskova Harri Heliovaara Women's Linda Noskova (Czech Republic) (Finland)
Slide 17: Tennis: Launch of the New MUSE Racquet Series
Tennis: Launch of the New MUSE Racquet Series MUSE, a new tennis racquet series crafted for effortless, stress-free rallying — on sale from April 2026. MUSE MUSE "Feel the rally and forget everything else" Capsule Collection ⚫ Smooth handling and efficient power transfer let you focus on The collect
Slide 18: Appendix
fs Appendix
Slide 19: Reference: Fiscal Year End for Domestic and Overseas Businesses
Reference: Fiscal Year End for Domestic and Overseas Businesses Our Japan segment, including domestic sales and sales to overseas distributors, closes their fiscal year in March, while our overseas subsidiaries close their fiscal year in December. ⚫ Period Covered in Consolidated Financial Results f
Slide 20: Net Sales by Reported Segments
Net Sales by Reported Segments (Million yen) FY3/23 Q1 FY3/24 Q1 FY3/25 Q1 FY3/26 Q1 FY3/27 Q1 Japan (Domestic sales and sales to 11,294 12,974 13,133 15,539 17,481 overseas distributors) Asia 10,056 11,908 14,685 20,421 23,714 (Subsidiaries) North America 1,292 1,731 1,627 2,185 2,215 (Subsidiaries
Slide 21: Net Sales by Geographic Region
Net Sales by Geographic Region (Million yen) FY3/23 Q1 FY3/24 Q1 FY3/25 Q1 FY3/26 Q1 FY3/27 Q1 Japan 8,388 8,532 9,206 10,217 10,411 Overseas 15,306 19,460 21,860 29,638 35,056 Asia 11,620 14,982 17,261 23,770 28,430 North America 1,292 1,731 1,627 2,212 2,215 Europe 1,988 2,318 2,534 2,972 3,808 Ot
Slide 22: Disclaimer
Disclaimer Statements made in these materials with respect to plans, strategies and future performances are forward-looking statements based on information and assumptions available to Yonex when these materials were prepared. Investors are cautioned that various unforeseen factors could cause actua