YONEX Co., Ltd. (TYO:7906)

YONEX Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	150,866	138,276	116,442	107,019	74,485	51,554
Revenue Growth (YoY)	20.06%	18.75%	8.80%	43.68%	44.48%	-16.80%
Cost of Revenue	84,177	76,214	64,830	61,113	41,090	30,270
Gross Profit	66,689	62,062	51,612	45,906	33,395	21,284
Selling, General & Admin	47,518	44,046	36,798	33,309	24,736	18,034
Research & Development	2,185	2,185	1,720	1,593	1,324	1,131
Amortization of Goodwill & Intangibles	-	-	43	58	58	58
Other Operating Expenses	-	-	3	1	-248	267
Operating Expenses	51,356	47,884	40,000	35,842	26,656	20,251
Operating Income	15,333	14,178	11,612	10,064	6,739	1,033
Interest Expense	-203	-148	-92	-56	-27	-35
Interest & Investment Income	145	149	97	101	50	28
Currency Exchange Gain (Loss)	-613	-322	438	-315	341	66
Other Non Operating Income (Expenses)	110	61	108	129	143	731
EBT Excluding Unusual Items	14,772	13,918	12,163	9,923	7,246	1,823
Gain (Loss) on Sale of Investments	-	-	-	-	401	-
Gain (Loss) on Sale of Assets	46	46	32	38	-	-
Asset Writedown	-	-	-	-	-	-3
Other Unusual Items	1,477	927	515	361	174	288
Pretax Income	16,295	14,891	12,710	10,322	7,821	2,108
Income Tax Expense	4,749	4,282	3,820	2,953	2,041	1,006
Earnings From Continuing Operations	11,546	10,609	8,890	7,369	5,780	1,102
Minority Interest in Earnings	-9	-18	-31	-38	-	-
Net Income	11,537	10,591	8,859	7,331	5,780	1,102
Net Income to Common	11,537	10,591	8,859	7,331	5,780	1,102
Net Income Growth	16.68%	19.55%	20.84%	26.83%	424.50%	-33.29%
Shares Outstanding (Basic)	86	86	86	87	87	88
Shares Outstanding (Diluted)	86	86	86	87	87	88
Shares Change (YoY)	-0.66%	-0.40%	-0.87%	-0.23%	-0.13%	0.07%
EPS (Basic)	134.79	122.97	102.45	84.04	66.10	12.59
EPS (Diluted)	134.79	122.97	102.45	84.04	66.10	12.59
EPS Growth	17.45%	20.03%	21.91%	27.13%	425.17%	-33.34%
Free Cash Flow	3,747	7,177	5,915	-483	6,548	3,837
Free Cash Flow Per Share	43.78	83.33	68.40	-5.54	74.89	43.83
Dividend Per Share	10.000	20.000	14.000	10.000	6.000	4.500
Dividend Growth	-41.18%	42.86%	40.00%	66.67%	33.33%	-10.00%
Gross Margin	44.20%	44.88%	44.32%	42.90%	44.84%	41.28%
Operating Margin	10.16%	10.25%	9.97%	9.40%	9.05%	2.00%
Profit Margin	7.65%	7.66%	7.61%	6.85%	7.76%	2.14%
Free Cash Flow Margin	2.48%	5.19%	5.08%	-0.45%	8.79%	7.44%
EBITDA	18,742	17,453	14,409	12,182	8,475	2,711
EBITDA Margin	12.42%	12.62%	12.37%	11.38%	11.38%	5.26%
D&A For EBITDA	3,409	3,275	2,797	2,118	1,736	1,678
EBIT	15,333	14,178	11,612	10,064	6,739	1,033
EBIT Margin	10.16%	10.25%	9.97%	9.40%	9.05%	2.00%
Effective Tax Rate	29.14%	28.76%	30.05%	28.61%	26.10%	47.72%
Advertising Expenses	-	21,608	17,482	16,508	11,624	7,283

Source: S&P Global Market Intelligence. Standard template. Financial Sources.