YONEX, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 33%, Oct-Dec Ordinary Profit Increases by 74%

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Fri Feb 7, 2025 3:30 pm JST Earnings

7906 YONEX CO.,LTD. 【J-GAAP】

Earnings Report

YONEX CO.,LTD. <7906> [TSE Std] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 11.4 billion yen, an increase 33.4% compared to the same period last year. The progress rate toward the full-year plan of 13.1 billion yen was 87.4%, also surpassing the five-year average of 69.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to significant drop 54.2% from the same period last year to 1.65 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 73.6% from the same period last year, reaching 4.1 billion yen. The operating profit margin improved from 9.4% in the same period last year to 10.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	79,632	9,317	9,152	6,703	76.8	91.9	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	85,172	8,204	8,583	6,279	72.6	70.4	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	101,758	11,391	11,446	9,249	107.1	87.4	Feb 7, 2025	J-GAAP
YoY	+19.5%	+38.8%	+33.4%	+47.3%	+47.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	58,717	5,999	5,975	4,463	51.6	9	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	67,058	5,409	5,756	4,575	53.6	10	Nov 8, 2024	J-GAAP
YoY	+14.2%	-9.8%	-3.7%	+2.5%	+3.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	107,019	10,063	9,961	7,331	84.1	13	May 11, 2023	J-GAAP
Mar, 2024	116,442	11,611	12,195	8,859	102.5	16	May 10, 2024	J-GAAP
Mar, 2025 Guidance	134,000	13,100	13,100	10,000	117.0	21	Nov 8, 2024	J-GAAP
YoY	+15.1%	+12.8%	+7.4%	+12.9%	+14.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	27,447	2,592	2,363	1,883	21.8	9.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	31,270	3,407	3,612	2,580	29.8	10.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	31,067	3,319	3,734	2,797	32.3	10.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	35,875	4,372	3,610	2,628	30.4	12.2	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	34,816	3,700	4,102	3,824	44.3	10.6	Feb 7, 2025	J-GAAP
YoY	+26.8%	+42.7%	+73.6%	+103.1%	+103.4%