Honma Golf Limited announced consolidated revenue results for the third fiscal quarter ended December 31, 2016. For the quarter, the company reported revenue for the three months ended 31 December 2016 amounted to approximately JPY 5,727.8 million, representing growth of 15.2% as compared to revenue for the three months ended 31 December 2015 (being approximately JPY 4,971.1 million).

The company newly launched TW737 series earned three silver medals in its very first entry into the U.S. Golf Digest's Hot List for 2017. Meanwhile, the company has established a dedicated U.S. sales team, which is based in Los Angeles, and completed its channel reorganization in the North American market. The Board believes that the above events represented an important milestone in the company's strategy to gain meaningful market share outside its home markets and would like to keep the shareholders of the company and potential investors informed. The Board does not however intend to release monthly or quarterly revenue updates in the future.