Yonex Co., Ltd. Provides Earnings Guidance for the Second Half and Financial Year Ended March 31, 2022
May 18, 2021 at 02:00 am EDT
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YONEX Co., Ltd. provided earnings guidance for the second half and financial year ended March 31, 2022. For the fiscal year ending March 31, 2022, the company have set the level of the fiscal year ending March 31, 2020, before COVID-19, as one of targets. For the period the company expected net sales will be JPY63 billion, operating income to be JPY 2.2 billion, and operating margin 3.5%. The company also forecasted ordinary income of JPY 2.2 billion and net income of JPY 1.4 billion.
In terms of sales, the company expected the second half of the fiscal year to be on a recovery track, although they expected to be affected by the suspension of club activities in some schools due to the declaration of a state of emergency in some areas in Japan since late April.
YONEX CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of sporting goods, and the operation of sports facilities. The Company operates through two business segments. The Sporting Goods segment is mainly engaged in the manufacture, purchase and sale of sporting goods, including badminton rackets, soft tennis rackets, tennis rackets, golf clubs, snowboards, shuttlecocks and strings. The Company distributes it's products within the domestic market and to overseas markets, including Americas, Europe, and Asia. The Sports Facilities segment is mainly engaged in the management and operation of golf courses, tennis driving ranges and golf driving ranges.
YONEX CO., LTD. 
