YONEX (7906) Q3 2026 earnings summary

Executive summary

• Net sales for Q1-3 FY3/26 reached 120.4 billion yen, up 18.4% year-over-year, with operating profit at 12.9 billion yen (+13.5%) and net profit at 9.6 billion yen (+3.9%).

• Basic earnings per share increased to 112.41 yen from 107.14 yen year-over-year.

• Growth driven by strong global sports market, enhanced marketing, and athlete achievements, especially in badminton and tennis.

Financial highlights

• Gross profit rose 14.6% to 53.3 billion yen, despite a decline in gross margin due to higher SGA expenses.

• Ordinary profit rose 11.0% to 12.7 billion yen, and profit before income taxes reached 13.6 billion yen.

• Total assets grew to 123.7 billion yen as of December 31, 2025, up from 109.6 billion yen at the previous fiscal year-end.

• Net assets increased to 76.7 billion yen, with an equity-to-asset ratio of 61.8%.

• Record-high consolidated net sales and operating profit for the cumulative Q1-3 period.

Outlook and guidance

• FY3/26 full-year forecasts maintained: net sales 162 billion yen (+17.2% YoY), operating profit 16.2 billion yen (+14.3%), net profit 11.6 billion yen (+9.5%).

• Earnings per share for the full year expected to reach 135.76 yen.

• Annual dividend forecast raised to 24.00 yen per share, up from 22.00.

• Continued strategic investments under the Global Growth Strategy, with the sports market expected to remain solid.