trending Market Intelligence /marketintelligence/en/news-insights/trending/OSa-JO5wsddKridrXGOtdA2 content esgSubNav
In This List

Yonex fiscal Q4 profit falls YOY

Blog

Investment Banking Essentials Newsletter: October Edition, Part - 2

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

Blog

Global M&A By the Numbers: Q3 2021

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors


Yonex fiscal Q4 profit falls YOY

Yonex Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥3.66 per share, a decrease of 38.5% from ¥5.94 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥318.8 million, a decrease of 38.2% from ¥515.6 million in the year-earlier period.

The normalized profit margin dropped to 2.6% from 4.6% in the year-earlier period.

Total revenue grew 9.0% on an annual basis to ¥12.31 billion from ¥11.29 billion, and total operating expenses grew 11.8% from the prior-year period to ¥11.74 billion from ¥10.50 billion.

Reported net income decreased 26.0% on an annual basis to ¥396.0 million, or ¥4.54 per share, from ¥535.0 million, or ¥6.16 per share.

For the year, the company's normalized net income totaled ¥17.24 per share, a gain of 11.9% from ¥15.40 per share in the prior year.

Normalized net income was ¥1.50 billion, a gain of 12.2% from ¥1.34 billion in the prior year.

Full-year total revenue grew 11.1% on an annual basis to ¥47.62 billion from ¥42.85 billion, and total operating expenses increased 10.5% year over year to ¥45.54 billion from ¥41.22 billion.

The company said reported net income grew 48.2% on an annual basis to ¥1.69 billion, or ¥19.48 per share, in the full year, from ¥1.14 billion, or ¥13.18 per share.

As of June 23, US$1 was equivalent to ¥123.88.