Yonex Co ( (YONXF) ) has released its Q3 earnings. Here is a breakdown of the information Yonex Co presented to its investors.
Yonex Co., Ltd., a company listed on the Tokyo Stock Exchange, is renowned for its manufacturing and distribution of sports equipment, particularly in the badminton and tennis sectors. Known for its innovation and high-quality products, Yonex has established a global presence in the sports industry.
In its latest earnings report for the nine months ending December 31, 2024, Yonex Co. reported significant growth in both its sales and profits. The company achieved net sales of 101,758 million yen, marking a 19.5% increase from the previous year. The operating profit soared by 38.8% to 11,391 million yen, while the profit attributable to owners of the parent rose by an impressive 47.3% to 9,249 million yen.
The company’s financial health is further highlighted by improved earnings per share, which increased to 107.14 yen from 72.63 yen the previous year. Yonex also noted a strong equity-to-asset ratio of 64.2% as of December 31, 2024. Additionally, Yonex has announced a forecast for continued growth, projecting net sales of 134,000 million yen and an operating profit of 13,100 million yen for the full fiscal year ending March 31, 2025.
Looking ahead, Yonex Co. remains optimistic about its future performance, supported by its strategic initiatives and market expansion efforts. The company maintains a positive outlook on its ability to achieve its financial targets and continue delivering value to its shareholders.