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Consumer Durables

Yonex Co., Ltd.

Business Summary

Yonex Co., Ltd. engages in the manufacture, sale, and distribution of sporting goods. It operates through the following segments: Sporting Goods and Sports Facilities. The Sporting Goods segment offers badminton, tennis, and golf equipment and accessories in Japan, North America, Europe, and Asia. The Sports Facilities segment manages tennis courts, golf courses, and golf practice fields. The company was founded by Minoru Yoneyama in April 1946 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue51,554.08M486.09M
Gross Profit20,599.36M194.22M
Operating income1,032.38M9.73M
Income before tax2,108.49M19.88M
Net income1,102.09M10.39M
EBITDA2,711.29M25.56M
Diluted EPS12.580.11
Dividends Per Share4.500.04
Total Assets55,612.28M503.27M
Total liabilities15,961.27M144.44M
Total equity39,651.01M358.83M
Operating cash flow4,537.68M42.78M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 61,042.81M 62,188.00M 61,097.94M 61,967.10M 51,554.08M
Gross Profit 26,257.38M 25,541.87M 25,268.66M 25,447.41M 20,599.36M
Operating income 4,148M 2,925.25M 2,482.53M 2,421.39M 1,032.38M
Income before tax 4,108.80M 2,859.34M 2,572.36M 2,454.90M 2,108.49M
Net income 3,037.74M 1,862.53M 1,722.84M 1,652.89M 1,102.09M
EBITDA 5,557.28M 4,313.79M 3,972.23M 4,150.34M 2,711.29M
Diluted EPS 34.72 21.29 19.69 18.89 12.58
Dividends Per Share 5 5 5 5 4.50
Total Assets 52,530.82M 53,612.21M 54,640.96M 54,519.02M 55,612.28M
Total liabilities 17,542.18M 16,796.81M 17,146.25M 15,761.01M 15,961.27M
Total equity 34,988.63M 36,815.40M 37,454.88M 38,758.01M 39,651.01M
Operating cash flow 3,241.22M 2,783.97M 2,283.05M 2,967.92M 4,537.68M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 563.71M 561.09M 550.95M 569.93M 486.09M
Gross Profit 242.47M 230.45M 227.86M 234.05M 194.22M
Operating income 38.30M 26.39M 22.38M 22.27M 9.73M
Income before tax 37.94M 25.79M 23.19M 22.57M 19.88M
Net income 28.05M 16.80M 15.53M 15.20M 10.39M
EBITDA 51.31M 38.92M 35.81M 38.17M 25.56M
Diluted EPS 0.32 0.19 0.17 0.17 0.11
Dividends Per Share 0.04 0.04 0.04 0.04 0.04
Total Assets 471.42M 504.11M 493.66M 505.01M 503.27M
Total liabilities 157.42M 157.93M 154.91M 145.99M 144.44M
Total equity 313.99M 346.17M 338.39M 359.02M 358.83M
Operating cash flow 29.93M 25.11M 20.58M 27.29M 42.78M

Valuation Measures

Mar 2021
PER50.04
ROA2.00%
ROE2.81%
Operating margin2.00%
Profit margin2.13%

Key executives

  • Executive President & Representative Director: Kusaki Hayashida
  • Director, General Manager-Production & Technology: Kazuo Kobayashi
  • Executive Officer & Manager-Tokyo Plant: Toshiaki Mori
  • Director, Executive Officer & GM-Marketing: Wataru Hirokawa
  • Director, Executive Officer & GM-Overseas Sales: Hiroaki Ebihara

Shareholders

  • Yonex Sports Foundation (10.1%)
  • BNY Mellon Investment Management Japan Ltd. (6.7%)
  • Yonex Co., Ltd. (6.3%)
  • YONEYAMA FAMILY (6.1%)
  • YONEYAMA SHUICHI (4.5%)
  • Niigataken Indoor Sport Shinko Yonex Zaidan (4.2%)
  • Yonex Business Association (3.9%)
  • YONEYAMA MIEKO (3.5%)
  • Baillie Gifford & Co. (2.8%)
  • YONEYAMA TSUTOMU (2.7%)

Contact Details

  • Website:http://www.yonex.co.jp
  • Address: 3-23-13 Yushima, Bunkyo-Ku, Tokyo, 113-8543, Japan
  • Phone: +81.3.3836.1221

Related Companies

  • Y GmbH
  • Yonex Restricted Stock Compensation Plan
  • ToyoZouki Co. Ltd.
  • Yonex India Pvt Ltd.
  • Yonex Employee Incentive Plan 2
  • Yonex Canada Ltd.
  • Yonex Employee Incentive Plan
  • Yonex Taiwan Co., Ltd.
  • Yonex U.K. Ltd.
  • Yonex GmbH
  • Yonex Sports Hong Kong Ltd.
  • Yonex Corp.
  • Yonex Sports Ltd.
  • Niigataken Indoor Sport Shinko Yonex Zaidan
  • Yonex Sports Foundation
  • Yonex Business Association
  • Yonex Employee Stock Ownership Plan

Competitors

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