YONEX Co., Ltd. Reports Earnings Results for the Financial Year Ended March 31, 2021
May 18, 2021 at 02:00 am EDT
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YONEX Co., Ltd. reported earnings results for the financial year ended March 31, 2021. For the period the company reported net sales totaled JPY 51,554 million, down 16.8% year on year, operating income was JPY 1.032 billion, down 57.4% year on year, net income attributable to the owner of the parent company decreased by 33.3% year on year to JPY 1,102 million.
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.