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

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%

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