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YONEX, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 7%, Raises Record High Profit Forecast

Fri Nov 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 November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 11.6% from the same period last year, reaching 8.19 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 6.8%, from the previous forecast of 14.6 billion yen to 15.6 billion yen (compared to 13.9 billion yen in the previous period), increasing the growth rate from 4.6% to 11.7%, further surpassing the previous forecast of record-high profits for five consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 11.8% from the same period last year, reaching 7.40 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 2.24 billion yen, a 37.8% decrease compared to the same period last year. The operating profit margin significantly dropped from 12.2% in the same period last year to 6.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 57,725 5,612 6,220 4,396 50.4 51.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 66,942 7,691 7,344 5,425 62.7 52.6 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 79,532 8,847 8,199 6,371 74.6 52.6 Nov 7, 2025 J-GAAP
YoY +18.8% +15.0% +11.6% +17.4% +18.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 75,000 8,600 8,500 6,300 73.7 12 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 79,532 8,847 8,199 6,371 74.6 12 Nov 7, 2025 J-GAAP
Revision Rate +6.0% +2.9% -3.5% +1.1% +1.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 148,000 14,800 14,600 10,800 126.2 24 May 9, 2025 J-GAAP
Mar, 2026 New 162,000 16,200 15,600 11,600 135.6 24 Nov 7, 2025 J-GAAP
Revision Rate +9.5% +9.5% +6.8% +7.4% +7.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 71,334 6,485 6,620 5,166 60.0 11 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 82,468 7,353 7,401 5,229 61.1 12 Nov 7, 2025 J-GAAP
YoY +15.6% +13.4% +11.8% +1.2% +1.9%

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 162,000 16,200 15,600 11,600 135.6 24 Nov 7, 2025 J-GAAP
YoY +17.2% +14.3% +11.7% +9.5% +10.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 39,856 6,277 5,954 4,237 49.6 15.7 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 39,676 2,570 2,245 2,134 25.0 6.5 Nov 7, 2025 J-GAAP
YoY +10.6% -41.2% -37.8% -18.8% -17.8%

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