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YONEX, 5% Increase in Ordinary Profit, Update Record High for Fifth Consecutive Term, Increased Previous Year's Dividend by 1 yen, This Fiscal Year to Increase Dividend by 2 yen

Fri May 9, 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 May 9th (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 increased 14.5% from the previous period to 13.9 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to grow by 4.6% to 14.6 billion yen, marking the fifth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and profit growth.

At the same time, the company increased the annual dividend for the previous term from 21 yen to 22 yen (compared to 16 yen in the prior term), and has decided to increase the dividend this fiscal year to 24 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit dropped to 2.51 billion yen, a 30.3% decrease compared to the same period last year. The operating profit margin significantly dropped from 10.9% in the same period last year to 7.6%.

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Actual Results

Historical Performance
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 138,276 14,176 13,964 10,591 123.0 22 May 9, 2025 J-GAAP
YoY +18.8% +22.1% +14.5% +19.6% +20.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 134,000 13,100 13,100 10,000 117.0 21 Nov 8, 2024 J-GAAP
Mar, 2025 Results 138,276 14,176 13,964 10,591 123.0 22 May 9, 2025 J-GAAP
Revision Rate +3.2% +8.2% +6.6% +5.9% +5.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 66,942 7,691 7,344 5,425 62.7 11 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 Guidance 75,000 8,600 8,500 6,300 73.7 12 May 9, 2025 J-GAAP
YoY +12.0% +11.8% +15.7% +16.1% +17.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 116,442 11,611 12,195 8,859 102.5 16 May 10, 2024 J-GAAP
Mar, 2025 138,276 14,176 13,964 10,591 123.0 22 May 9, 2025 J-GAAP
Mar, 2026 Guidance 148,000 14,800 14,600 10,800 126.4 24 May 9, 2025 J-GAAP
YoY +7.0% +4.4% +4.6% +2.0% +2.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 36,518 2,785 2,518 1,342 15.6 7.6 May 9, 2025 J-GAAP
YoY +16.8% -18.3% -30.3% -48.0% -47.8%

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