1. Japan Stocks

  2. •

    Consumer Cyclical

  3. •

    Leisure
YONEX Co., Ltd.

YONEX Co., Ltd.

YONXF
YONEX Co., Ltd.US flagOther OTC
15.90
USD
- -
- -
1.36BMarket Cap
YONEX Co., Ltd.
YONXF
(Other OTC)

Recent

price

15.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
425.36
433.31
444.78
497.47
548.56
622.29
699.78
712.29
699.16
708.26
588.86
851.87
1,226.8
1,346.59
1,605.36
1,913.73
678.7
Revenue per Share
8.33
6.74
8.03
13.18
19.52
25.59
34.82
21.33
19.71
18.89
12.59
66.1
84.04
102.45
122.96
141.41
51.59
Basic EPS, GAAP
-6.54
-16.43
8.13
5.79
-10.36
0.18
5.49
19.41
6.74
16.81
39.98
65.57
-15.36
57.98
81.59
-5.19
- -
Free Cash Flow per Basic Share
3.75
3.75
3.74
3.74
4.36
3.75
5.12
4.93
5.07
5.05
4.51
7.5
11
14.2
19.97
23.24
- -
Dividend per Share
258.65
260.68
264.32
273.74
289.06
310.16
339.16
355.18
369.56
383.01
390.84
445.14
519.2
612.04
717.22
840.8
665.41
Book Value per Share
310.04
308.39
315.72
332.02
352.42
369.97
396.03
417.03
423.58
436.74
445.1
507.5
585.84
677.31
786
927.24
767.25
Tangible Book Value per Share
86
87
87
87
87
87
87
87
87
87
88
87
87
86
86
86
87
Basic Weighted Avg Shares
36,688
37,512
38,600
43,174
47,620
54,160
61,043
62,188
61,098
61,967
51,554
74,485
107,019
116,442
138,276
163,643
58,717
Sales/Revenue/Turnover
14.27
3.3
2.15
4.53
4.37
6.06
6.8
4.7
4.06
3.91
2
9.05
9.41
9.98
10.25
10.12
10.23
Operating Margin (%)
713
870
944
996
1,048
1,181
1,353
1,335
1,385
1,650
1,596
1,661
2,034
2,720
3,275
3,631
- -
Depreciation Expense
718
583
697
1,144
1,695
2,227
3,038
1,863
1,723
1,653
1,102
5,780
7,331
8,859
10,591
12,092
4,463
Net Income, GAAP
36.14
55.71
48.14
41.45
- -
25.65
26.07
34.86
32.6
32.75
47.73
26.1
28.61
30.06
28.75
28.67
31.08
Effective Tax Rate (%)
1.96
1.56
1.8
2.65
3.56
4.11
4.98
3
2.82
2.67
2.14
7.76
6.85
7.61
7.66
7.39
7.6
Profit Margin (%)
15,719
16,387
18,137
19,583
21,383
21,438
24,536
25,526
25,827
25,878
26,403
31,192
36,123
39,634
48,285
59,086
49,968
Working Capital
45
- -
- -
- -
1,200
2,044
4,196
3,631
3,065
2,500
1,659
1,699
3,858
4,782
9,682
16,120
8,730
LT Debt
27,644
27,830
28,536
29,734
31,261
32,688
34,989
36,815
37,495
38,758
39,651
45,729
53,099
60,901
69,426
80,740
68,313
Total Equity
11.86
1.95
1.48
3.8
- -
7.12
8.06
4.65
4.02
3.87
1.27
10.86
13.27
12.47
13.15
12.92
5.81
Return on Invested Capital (%)
3.27
2.62
3.06
4.86
- -
8.04
9.58
5.37
4.82
4.64
3.05
14.82
15.92
15.81
15.81
15.02
7.5
Return on Capital (%)
3.25
2.6
3.06
4.9
6.94
8.55
10.74
6.15
5.44
5.02
3.25
15.81
17.41
18.04
18.47
18.09
8.37
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
4,014
- -
787
LT Borrowings
3,542
- -
8,730
LT Finance Leases
1,240
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
87
- -
87
Market Capitalization
98,990
111,276
195,487

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
59,952
- -
71,188
Cash, Cash Equivalents & STI
23,549
- -
31,164
Accounts Receivable, Net
17,135
- -
19,189
Inventories
16,742
- -
16,887
Total Current Liabilities
20,318
- -
21,220
Payables & Accruals
- -
- -
- -
ST Debt
4,014
- -
787
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.62%
15.29%
16.3%
Free Cash Flow
289.84%
-119.98%
-106.32%
Net Income, GAAP
45.86%
101.17%
14.17%
Sales/Revenue/Turnover
13.15%
26.81%
18.35%
Total Cash Common Dividend
22.14%
39.2%
15.52%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
27,992
29,733
27,447
31,270
116,442
2025
- -
- -
- -
- -
138,276
2026
- -
- -
- -
- -
163,643

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
27.81
- -
- -
- -
102.45
2025
- -
- -
- -
- -
122.96
2026
- -
- -
- -
- -
141.41

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
14.2
2025
- -
- -
- -
- -
19.97
2026
- -
- -
- -
- -
23.24
Similar Companies
Brogent Technologies Inc. (5263.TWO)
tonies SE (TNIE.DE)
Li Ning Company Limited (2331.HK)
Dogness (International) Corporation (DOGZ)
Technogym S.p.A. (TCCHF)
TRB Systems International Inc. (TRBX)
Business
YONEX Co., Ltd. manufactures and sells sporting goods worldwide, with a primary focus on badminton, tennis, and golf equipment; badminton products include racquets, shuttlecocks, strings, apparel, shoes, and bags; tennis and soft tennis offerings comprise racquets, strings, apparel, shoes, bags, and balls; golf equipment encompasses woods, irons, putters, shafts, apparel, shoes, bags, and accessories; the company also engages in golf course management. Founded in April 1946 and incorporated in June 1958, YONEX maintains its head office in Tokyo, Japan, and operates through subsidiaries including YONEX Corporation in North America, YONEX U.K. Limited, YONEX GmbH in Germany, YONEX Taiwan Co., Ltd., YONEX Sports (China) Co., Ltd., YONEX India Private Limited, YONEX Tecnifibre Co., Ltd. in Thailand, and YONEX Precision Machinery Co., Ltd. in Japan. The company serves professional athletes, tennis fans, and sports enthusiasts across Japan, Asia, North America, and Europe, where revenue derives predominantly from badminton equipment followed by tennis, golf, and apparel segments. In recent developments, YONEX completes construction of the Yonex Performance Innovation Center (Blue Lab) research facility in Nagaoka, Niigata, which began operations in July 2025 to enhance sports performance analysis, and opens a new adjacent tennis racquet factory in June 2025 with operations starting in December 2025 to boost production capacity under its Global Growth Strategy, targeting tennis as a second core pillar especially in North America. President Alyssa Yoneyama leads these expansions amid rising demand, as evidenced by Yonex tennis racquets ranking second in usage at the 2025 French Open.