1. Japan Stocks

  2. •

    Consumer durables

  3. •

    Recreational products
Honma Golf Ltd.

Honma Golf Ltd.

HHKEX:6858
2.88
HKD
+0.02
(+0.70%)
1.84BMarket Cap
Nov 27Next Earn
Honma Golf Ltd.
HKEX:6858
(Hong Kong Exchange)

Recent

price

2.88

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
25.8
30.42
36.73
44.92
43.18
45.6
39.08
37.54
47.84
48.7
43.3
35.78
36.75
- -
Revenue per Share
4.26
3.78
5.86
8.47
6.46
6.91
-1.2
3.07
10.22
5.38
7.97
-0.44
1.85
- -
Basic EPS, GAAP
2.21
-0.89
1.48
5.71
2.53
3.18
-1.04
5.58
9.32
4.97
7.79
6.5
1.08
- -
Free Cash Flow per Basic Share
1.64
0.76
2.03
3.7
2.99
5.02
11.66
2.99
3.2
3.52
3.06
1.5
- -
- -
Dividend per Share
14.83
6.47
9.78
42.32
46.06
48.01
35.18
35.28
41.94
43.06
47.42
45.78
47.27
47.27
Book Value per Share
14.65
6.22
9.53
41.76
45.39
47.46
34.7
34.94
41.74
42.84
47.27
45.62
47.14
47.14
Tangible Book Value per Share
609
609
609
540
609
609
609
606
606
606
606
606
606
606
Basic Weighted Avg Shares
15,713
18,525
22,369
24,242
26,296
27,771
23,787
22,735
28,971
29,495
26,223
21,672
22,260
- -
Sales/Revenue/Turnover
12.07
10.57
16.88
18.43
22.99
18.8
1.62
6.05
19.12
13.46
11.19
1.86
0.16
- -
Operating Margin (%)
388
351
361
367
365
437
1,489
1,883
1,677
1,756
1,942
2,265
1,996
- -
Depreciation Expense
2,594
2,304
3,569
4,570
3,934
4,209
-732
1,859
6,191
3,255
4,828
-264
1,120
- -
Net Income, GAAP
4.37
- -
9.97
10.98
26.81
24.9
- -
23.19
18.11
20.46
6.29
- -
51.54
- -
Effective Tax Rate (%)
16.51
12.44
15.96
18.85
14.96
15.16
-3.08
8.18
21.37
11.04
18.41
-1.22
5.03
- -
Profit Margin (%)
6,340
416
2,442
21,566
23,992
24,822
14,453
14,815
19,763
20,024
21,968
19,135
20,875
20,875
Working Capital
- -
- -
- -
- -
- -
- -
1,205
1,544
1,747
1,642
1,998
1,633
1,484
1,484
LT Debt
8,609
3,516
5,527
25,729
28,005
29,193
21,264
21,321
25,353
26,031
28,672
27,680
28,584
28,584
Total Equity
- -
- -
58.67
29.05
14.34
11.71
- -
2.46
13.32
8.35
6.84
- -
-0.22
- -
Return on Invested Capital (%)
- -
- -
63.92
25.3
13.98
13.3
- -
6.02
18.68
9.52
13.55
- -
3.41
- -
Return on Capital (%)
- -
35.53
72.16
28.81
14.62
14.7
-2.9
8.71
26.48
12.65
17.62
-0.94
3.97
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
7,206
6,821
6,780
LT Borrowings
494
452
409
LT Finance Leases
1,138
1,245
1,075
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
606
606
606
Market Capitalization
42,007
40,385
37,164

Working Capital

JPY

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
29,789
29,213
31,855
Cash, Cash Equivalents & STI
17,350
18,243
18,159
Accounts Receivable, Net
3,981
2,022
4,289
Inventories
6,883
7,071
7,309
Total Current Liabilities
10,654
11,464
10,980
Payables & Accruals
- -
- -
- -
ST Debt
7,206
6,821
6,780
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
38.32%
6.31%
3.26%
Free Cash Flow
-56.98%
-4.61%
-83.36%
Net Income, GAAP
-84.54%
-79.06%
-523.75%
Sales/Revenue/Turnover
0.72%
0.7%
2.71%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
26,223
2025
- -
- -
21,672
2026
- -
- -
22,260

Semi-annual Earnings Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
7.97
2025
- -
- -
-0.44
2026
- -
- -
1.85

Semi-annual Dividends Per Share

JPY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.06
2025
- -
- -
1.5
2026
- -
- -
- -
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Business
Honma Golf Limited (6858.HK) designs, develops, manufactures and sells premium golf equipment under the HONMA brand, including golf clubs such as drivers, fairway woods, utilities, irons, wedges and putters; golf balls; bags and headcovers; apparel for men and women; and accessories including gloves, shoes, belts, socks and other gear. The company operates through HONMA-branded stores, third-party retailers and wholesale distributors, targeting premium golfers with products emphasizing craftsmanship from its in-house manufacturing facility in Sakata, Japan, where skilled artisans produce clubs with advanced features like ARMRQ carbon shafts and specialized sole grinds. Founded in 1959 and headquartered with key offices in Shanghai, China and Tokyo, Japan, Honma Golf conducts R&D and production primarily in Japan while maintaining regional operations across Asia (including Hong Kong, South Korea, Taiwan), Europe (Switzerland), and North America (USA). Recent developments include the launch of upgraded T//World W5 wedges in enhanced chrome and brushed copper finishes during 2024 for improved spin and forgiveness; introduction of the T//World 767 collection with preorder availability in late 2025; strong revenue growth from direct-to-consumer channels and in the Korean market as reported in interim FY2025/26 results; and a change of principal place of business address in Hong Kong effective January 2025, alongside ongoing channel optimization in North America and Europe.