YONEX (7906) Q4 2025 earnings summary

Executive summary

• Net sales reached 138.2 billion yen, up 18.8% year-over-year, driven by global sporting events and athlete successes.

• Operating profit rose 22.1% to 14.1 billion yen; net profit attributable to owners increased 19.6% to 10.5 billion yen.

• Comprehensive income was 12.5 billion yen, up from 9.95 billion yen the previous year.

• Growth supported by proactive global marketing, grassroots activities, and strong demand in badminton and tennis.

Financial highlights

• Gross profit margin improved to 44.9%; gross profit reached 62.1 billion yen.

• EPS increased to 122.96 yen; ROE rose to 16.3%.

• Cash and cash equivalents at year-end were 29 billion yen, up from 23.2 billion yen.

• Free cash flow improved to 7.2 billion yen.

• Net assets per share rose to 809.91 yen.

Outlook and guidance

• FY3/26 net sales forecast at 148 billion yen (+7.0% YoY); operating profit projected at 14.8 billion yen (+4.4% YoY).

• Net profit forecast at 10.8 billion yen (+2.0% YoY); assumes yen appreciation and higher marketing and personnel expenses.

• Full-year dividend forecast at 24 yen per share, up from 22 yen.