🇯🇵 日本語 🇺🇸 English
3,814 companies 11,280 AI summaries 8,381 risk analyses 4,171 growth scores Register free — watchlist & alerts →
EDINET 7906 Positive Risk Analyzed 📈 Growth 8/10

YONEX CO.,LTD.

Annual Securities Report - 69th Term(2025/04/01 - 2026/03/31) ／ 2026-06-17 13:18

Covers EDINET statutory filings (TDNET timely disclosures / earnings flashes are not included).

EarningsDemandCapacityNew MarketPricingVolume
AI Summary 2026-06-17 13:20

YONEX posted record-high revenue and operating profit for FY3/2026, driven by robust demand for badminton and tennis products, particularly in Asia. Aggressive capex including a new tennis racket factory and planned Toyama plant underpins the GGS mid-term growth strategy.

KEY POINTS
  • Revenue +18.3% (¥138.3B → ¥163.6B) and OP +16.7% (¥14.2B → ¥16.5B), both all-time highs
  • Asia segment surged: revenue +25.8%, OP +22.2%; new Nagaoka tennis racket factory online; Toyama plant groundbreaking planned for FY3/2027
  • GGS 2030 targets: revenue CAGR 7–10%, OP margin ≥10%, ROE ≥13%, with DTC/digital expansion, IT transformation, and India production ramp-up
📊 Revenue
Revenue +18.3% (¥138.3B → ¥163.6B)
💰 Operating profit
OP +16.7% (¥14.2B → ¥16.5B)
🔮 Outlook
FY3/2027 outlook: Revenue +8.8%, OP +7.6%, net profit +9.2% YoY growth expected
📈 Growth outlook 📈 Growth 8/10
Global demand for badminton and tennis products continues to expand; GGS-driven capex and DTC investment support sustained double-digit growth momentum. FY3/2027 guidance implies ~9% revenue and profit growth.
Growth drivers
  • Growing badminton and tennis participation in Asia (China, India) driving volume expansion
  • New Nagaoka tennis racket factory and planned Toyama plant increasing production capacity
  • DTC/EC expansion and Head-to-Toe strategy lifting brand recognition and average unit pricing
  • India local manufacturing ramp-up and North America tennis market investment opening new markets
Risk and growth scores and tags are AI-generated estimates from analyzing the disclosure. They are not guarantees of fact, nor investment advice or recommendations. Make investment decisions at your own discretion.
⚠️ Extracted Risk Factors
CategoryDescriptionScoreNew
Customer Concentration Risk China accounts for ~50% of consolidated revenue; any geopolitical tension, trade restriction, or regulatory change in China could severely impact YONEX's earnings and operations. 8/10
Foreign Exchange Risk With ~70% of revenue from overseas markets, JPY appreciation against key currencies (CNY, USD, EUR) could materially reduce reported yen-denominated earnings and asset values. 7/10
Market Risk Domestic youth population decline and accelerating shifts in consumer preferences in mature markets may reduce demand for school/club sports equipment and erode market share. 6/10
Supply Chain Risk Heavy reliance on manufacturing in China, Taiwan, India, and Thailand means that natural disasters, pandemics, or human rights violations in the supply chain could halt production and disrupt global sales. 6/10
Regulatory Risk Changes in trade policies, export/import regulations, or local laws in key markets (especially China and the US) could restrict YONEX's business activities and reduce profitability. 6/10
Competitive Risk Low entry barriers in emerging markets attract new competitors, while slow responses to evolving consumer needs in mature markets risk ceding market share to rivals. 5/10
Other Business Risk Counterfeit YONEX products are growing in China and Southeast Asia; inadequate IP protection could damage brand equity and reduce genuine product sales. 5/10
M&A Risk Significant capex commitments (new tennis racket factory, upcoming Toyama plant) may not yield expected returns if market conditions shift, potentially triggering asset impairments. 4/10
8/10 Customer Concentration Risk
China accounts for ~50% of consolidated revenue; any geopolitical tension, trade restriction, or regulatory change in China could severely impact YONEX's earnings and operations.
7/10 Foreign Exchange Risk
With ~70% of revenue from overseas markets, JPY appreciation against key currencies (CNY, USD, EUR) could materially reduce reported yen-denominated earnings and asset values.
6/10 Market Risk
Domestic youth population decline and accelerating shifts in consumer preferences in mature markets may reduce demand for school/club sports equipment and erode market share.
6/10 Supply Chain Risk
Heavy reliance on manufacturing in China, Taiwan, India, and Thailand means that natural disasters, pandemics, or human rights violations in the supply chain could halt production and disrupt global sales.
6/10 Regulatory Risk
Changes in trade policies, export/import regulations, or local laws in key markets (especially China and the US) could restrict YONEX's business activities and reduce profitability.
5/10 Competitive Risk
Low entry barriers in emerging markets attract new competitors, while slow responses to evolving consumer needs in mature markets risk ceding market share to rivals.
5/10 Other Business Risk
Counterfeit YONEX products are growing in China and Southeast Asia; inadequate IP protection could damage brand equity and reduce genuine product sales.
4/10 M&A Risk
Significant capex commitments (new tennis racket factory, upcoming Toyama plant) may not yield expected returns if market conditions shift, potentially triggering asset impairments.
X LinkedIn Threads Bluesky Facebook
Track Japanese disclosures with JSIGNAL

AI summaries, risk & growth analysis, watchlist alerts and a screener for every Japanese listed company.

Start free — 30-day trial Login