YONEX Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	163,643	138,276	116,442	107,019	74,485
Revenue Growth (YoY)	18.34%	18.75%	8.80%	43.68%	44.48%
Cost of Revenue	91,116	76,214	64,830	61,113	41,090
Gross Profit	72,527	62,062	51,612	45,906	33,395
Selling, General & Admin	51,830	44,046	36,798	33,309	24,736
Research & Development	2,499	2,185	1,720	1,593	1,324
Amortization of Goodwill & Intangibles	-	-	43	58	58
Other Operating Expenses	-	-	3	1	-248
Operating Expenses	55,980	47,884	40,000	35,842	26,656
Operating Income	16,547	14,178	11,612	10,064	6,739
Interest Expense	-285	-148	-92	-56	-27
Interest & Investment Income	142	149	97	101	50
Currency Exchange Gain (Loss)	-140	-322	438	-315	341
Other Non Operating Income (Expenses)	50	61	108	129	143
EBT Excluding Unusual Items	16,314	13,918	12,163	9,923	7,246
Gain (Loss) on Sale of Investments	38	-	-	-	401
Gain (Loss) on Sale of Assets	-	46	32	38	-
Asset Writedown	-212	-	-	-	-
Other Unusual Items	828	927	515	361	174
Pretax Income	16,968	14,891	12,710	10,322	7,821
Income Tax Expense	4,866	4,282	3,820	2,953	2,041
Earnings From Continuing Operations	12,102	10,609	8,890	7,369	5,780
Minority Interest in Earnings	-10	-18	-31	-38	-
Net Income	12,092	10,591	8,859	7,331	5,780
Net Income to Common	12,092	10,591	8,859	7,331	5,780
Net Income Growth	14.17%	19.55%	20.84%	26.83%	424.50%
Shares Outstanding (Basic)	86	86	86	87	87
Shares Outstanding (Diluted)	86	86	86	87	87
Shares Change (YoY)	-0.72%	-0.40%	-0.87%	-0.23%	-0.13%
EPS (Basic)	141.41	122.97	102.45	84.04	66.10
EPS (Diluted)	141.41	122.97	102.45	84.04	66.10
EPS Growth	15.00%	20.03%	21.91%	27.13%	425.17%
Free Cash Flow	102	7,177	5,915	-483	6,548
Free Cash Flow Per Share	1.19	83.33	68.40	-5.54	74.89
Dividend Per Share	-	20.000	14.000	10.000	6.000
Dividend Growth	-	42.86%	40.00%	66.67%	33.33%
Gross Margin	44.32%	44.88%	44.32%	42.90%	44.84%
Operating Margin	10.11%	10.25%	9.97%	9.40%	9.05%
Profit Margin	7.39%	7.66%	7.61%	6.85%	7.76%
Free Cash Flow Margin	0.06%	5.19%	5.08%	-0.45%	8.79%
EBITDA	20,178	17,453	14,409	12,182	8,475
EBITDA Margin	12.33%	12.62%	12.37%	11.38%	11.38%
D&A For EBITDA	3,631	3,275	2,797	2,118	1,736
EBIT	16,547	14,178	11,612	10,064	6,739
EBIT Margin	10.11%	10.25%	9.97%	9.40%	9.05%
Effective Tax Rate	28.68%	28.76%	30.05%	28.61%	26.10%
Advertising Expenses	25,905	21,608	17,482	16,508	11,624

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