View Future GrowthHonma Golf 過去の業績過去 基準チェック /06Honma Golfの収益は年間平均-17.3%の割合で減少していますが、 Leisure業界の収益は年間 増加しています。収益は年間16.3% 2.5%割合で 減少しています。主要情報-17.25%収益成長率-17.26%EPS成長率Leisure 業界の成長17.07%収益成長率-2.54%株主資本利益率-7.16%ネット・マージン-9.21%前回の決算情報30 Sep 2025最近の業績更新お知らせ • Nov 14Honma Golf Limited to Report First Half, 2026 Results on Nov 28, 2025Honma Golf Limited announced that they will report first half, 2026 results on Nov 28, 2025お知らせ • Jun 16Honma Golf Limited to Report Fiscal Year 2025 Results on Jun 26, 2025Honma Golf Limited announced that they will report fiscal year 2025 results on Jun 26, 2025お知らせ • Nov 15Honma Golf Limited to Report First Half, 2025 Results on Nov 29, 2024Honma Golf Limited announced that they will report first half, 2025 results on Nov 29, 2024Reported Earnings • Jul 01Full year 2024 earnings released: EPS: JP¥7.97 (vs JP¥5.38 in FY 2023)Full year 2024 results: EPS: JP¥7.97 (up from JP¥5.38 in FY 2023). Revenue: JP¥26.2b (down 11% from FY 2023). Net income: JP¥4.83b (up 48% from FY 2023). Profit margin: 18% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Jun 18Honma Golf Limited to Report Fiscal Year 2024 Results on Jun 28, 2024Honma Golf Limited announced that they will report fiscal year 2024 results on Jun 28, 2024Reported Earnings • Nov 26First half 2024 earnings released: EPS: JP¥5.50 (vs JP¥5.10 in 1H 2023)First half 2024 results: EPS: JP¥5.50 (up from JP¥5.10 in 1H 2023). Revenue: JP¥13.2b (down 12% from 1H 2023). Net income: JP¥3.33b (up 7.8% from 1H 2023). Profit margin: 25% (up from 21% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.すべての更新を表示Recent updatesBoard Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Qing Tian was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 14Honma Golf Limited to Report First Half, 2026 Results on Nov 28, 2025Honma Golf Limited announced that they will report first half, 2026 results on Nov 28, 2025お知らせ • Jun 26+ 1 more updateHonma Golf Limited, Annual General Meeting, Sep 19, 2025Honma Golf Limited, Annual General Meeting, Sep 19, 2025.お知らせ • Jun 16Honma Golf Limited to Report Fiscal Year 2025 Results on Jun 26, 2025Honma Golf Limited announced that they will report fiscal year 2025 results on Jun 26, 2025お知らせ • Jan 01Honma Golf Limited Did Not Declare Interim Dividend for the Six Months Ended September 30, 2024Honma Golf Limited did not declare any interim dividend for the six months ended 30 September 2024. On 24 November 2023, the board of directors declared the payment of an interim dividend of JPY1.50 per ordinary share totaling approximately JPY908,464,000 for the six months ended 30 September 2023.お知らせ • Dec 21Honma Golf Limited Appoints Tian Qing as Independent Non-Executive DirectorHonma Golf appointed Limited Tian Qing has been appointed as an independent non-executive director of the Company with effect from 20 December 2024. Ms. Tian Qing, aged 40, has served at Commerce & Finance Law Offices since April 2007, where she currently takes the role as consultant. Ms. Tian has also worked at Konpeidou Co. Ltd. since September 2021, where she is currently the chief operating officer. She obtained a bachelor s degree in civil, commercial and economic law from China University of Political Science and Law, the PRC, in July 2007.お知らせ • Nov 29Honma Golf Limited Appoints Soopakij Chearavanont as Non-Executive DirectorHonma Golf Limited announced that Mr. Soopakij Chearavanont has been appointed as a non-executive director of the Company with effect from 29 November 2024. Mr. Soopakij Chearavanont, aged 60, is responsible for providing strategic advice on the business development of the Group. Mr. Chearavanont is the chairman of Charoen Pokphand Group Company Limited. He is a director and the chairman of CP ALL Public Company Limited and Charoen Pokphand Foods Public Company Limited; the chairman and a non-executive director of Chia Tai Enterprises International Limited; a non-executive director of Ping An Insurance (Group) Company of China, Ltd; and an executive director and the chairman of C.P. Pokphand Co. Ltd. Mr. Chearavanont was previously a director of True Corporation Public Company Limited; and an executive director and the chairman of C.P. Lotus Corporation until its withdrawal from listing in October 2019) from April 2000 to November 2024. He obtained a Bachelor of Science degree from the College of Business and Public Administration of New York University, United States, in October 1987, and has extensive multinational investment and management experience in various industries.お知らせ • Nov 15Honma Golf Limited to Report First Half, 2025 Results on Nov 29, 2024Honma Golf Limited announced that they will report first half, 2025 results on Nov 29, 2024お知らせ • Sep 20Honma Golf Limited Approves Final Dividend for the Year Ended 31 March 2024Honma Golf Limited at its AGM held on September 20, 2024 approved to declare a final dividend of JPY 1.5 per share for the year ended 31 March 2024.お知らせ • Sep 19Honma Golf Limited Announces Demise of Ho Ping-Hsien Robert, Non-Executive DirectorHonma Golf Limited announced that Mr. Ho Ping-hsien Robert, a non-executive director of the Company, passed away on 18 September 2024. The late Mr. Ho had been a non-executive director of the Company since 2018.Upcoming Dividend • Sep 18Upcoming dividend of JP¥1.50 per shareEligible shareholders must have bought the stock before 25 September 2024. Payment date: 10 October 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.8%).Declared Dividend • Jul 01Final dividend of JP¥1.50 announcedShareholders will receive a dividend of JP¥1.50. Ex-date: 25th September 2024 Payment date: 10th October 2024 Dividend yield will be 422%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has not increased over the past 7 years but payments have been stable during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 01Full year 2024 earnings released: EPS: JP¥7.97 (vs JP¥5.38 in FY 2023)Full year 2024 results: EPS: JP¥7.97 (up from JP¥5.38 in FY 2023). Revenue: JP¥26.2b (down 11% from FY 2023). Net income: JP¥4.83b (up 48% from FY 2023). Profit margin: 18% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Jun 29Honma Golf Limited, Annual General Meeting, Sep 20, 2024Honma Golf Limited, Annual General Meeting, Sep 20, 2024.お知らせ • Jun 28Honma Golf Limited Proposes Final Dividend for the Year Ended 31 March, 2024, Payable on 10 October 2024Honma Golf Limited proposed final dividend of JPY 1.5 per share for the year ended 31 March, 2024. Date of shareholders' approval is 20 September 2024. Ex-dividend date is 25 September 2024. Record date is 27 September 2024. Payment date is 10 October 2024.お知らせ • Jun 18Honma Golf Limited to Report Fiscal Year 2024 Results on Jun 28, 2024Honma Golf Limited announced that they will report fiscal year 2024 results on Jun 28, 2024New Risk • Jun 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (13% net profit margin).Buy Or Sell Opportunity • Feb 15Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.3% to €0.36. The fair value is estimated to be €0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Jan 23Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 2.2% to €0.37. The fair value is estimated to be €0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Jan 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).お知らせ • Jan 18Honma Golf Redefines Luxury with Beres 09 CollectionHonma Golf announced the latest addition to its luxury BERES line of game-enhancing woods, irons, and hybrids.Japan's original golf manufacturer's new BERES 09 carries forward six decades of Japanese tradition, innovation, meticulous craftsmanship, and beautiful artistry. BERES 09's gold and silver design represents Honma's harmonious balance between tradition and innovation—a club that not only looks and feels exceptional but performs at the highest level as well. The line also adheres to traditional BERES 2- to 5-Star grading, with more advanced shaft technology as the grades progress. PRICING Drivers start at $900, Fairways/Hybrids at $400, and Irons start at $3,150 for a set of 5-11, AW, PW. Driver: Honma's Distance Technology features a new CG design and clubhead construction, which retains the signature BERES feel plus optimization for maximum yardage. High-strength lightweight carbon material on the toe side of the sole empowers the typical golfer with a draw bias, providing a significant advantage. The surplus weight resulting from the incorporation of carbon is expertly positioned on the heel side for superior performance. Fairway Wood and Hybrid: Honma's engineers constructed a tungsten nickel weight positioned near the back heel, enhancing impact efficiency and achieving a CG angle of +5.0 degrees. A new unique face and crown design featuring uneven thicknesses improves repulsion performance by thinning the face and crown. Furthermore, the repulsion area has been expanded. These new BERES 09 features create an extraordinary synergy, delivering unparalleled ball speed and launching the ball high with a controlled draw. Irons: The face design of the BERES 09 irons features a combination of uneven semicircles and a L cup face that delivers remarkable distance performance and forgiveness while effectively dampening impact shock for a soft feel and satisfying sound. The revolutionary groove pattern structure delivers exceptional repulsion performance, resisting hitting point variation in both vertical and horizontal directions.Upcoming Dividend • Dec 05Upcoming dividend of JP¥1.50 per share at 5.0% yieldEligible shareholders must have bought the stock before 12 December 2023. Payment date: 28 December 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.0%).Reported Earnings • Nov 26First half 2024 earnings released: EPS: JP¥5.50 (vs JP¥5.10 in 1H 2023)First half 2024 results: EPS: JP¥5.50 (up from JP¥5.10 in 1H 2023). Revenue: JP¥13.2b (down 12% from 1H 2023). Net income: JP¥3.33b (up 7.8% from 1H 2023). Profit margin: 25% (up from 21% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Nov 25Honma Golf Limited Announces Interim Dividend for the Six Months Ended September 30, 2023, Payable on December 28, 2023Honma Golf Limited announced interim dividend of JPY 1.5 per share for the six months ended September 30, 2023. Ex-dividend date is December 12, 2023. Record date is December 14, 2023. Payment date is December 28, 2023.お知らせ • Nov 07Honma Golf Limited to Report First Half, 2024 Results on Nov 24, 2023Honma Golf Limited announced that they will report first half, 2024 results on Nov 24, 2023お知らせ • Sep 17Honma Golf Limited Announces Board ChangesHonma Golf Limited at its AGM held on 15 September 2023 announced that Mr. MURAI Yuji has retired from office as an executive director of the Company with effect from the conclusion of the AGM; and Mr. LIU Hongli has been appointed as an executive director of the Company with effect from the conclusion of the AGM. Mr. LIU Hongli (), aged 29, has been appointed as an executive director of the Company with effect from 15 September 2023. He is mainly responsible for overseeing the sales strategies and operations of the Group in China. Mr. Liu has been the General Manager for apparel of World Power International Trading (Shanghai) Company Limited since May 2019. He has over four years of experience in business management and operations. Prior to joining the Group, Mr. Liu worked as an intern at advisory department of Ernst & Young (China) Advisory Limited from October 2016 to July 2017. Mr. Liu graduated from Fisher College, the United States, with an associate degree in science in May 2016. He also obtained a bachelor's degree in sports science from Nippon Sport Science University, Japan, in March 2018.お知らせ • Sep 16Honma Golf Limited Approves Final Dividend for the Year Ended 31 March 2023Honma Golf Limited approves final dividend of JPY 1.5 per share for the year ended 31 March 2023, at its Annual General Meeting held on 15 September 2023.Upcoming Dividend • Sep 13Upcoming dividend of JP¥1.50 per share at 4.8% yieldEligible shareholders must have bought the stock before 20 September 2023. Payment date: 10 October 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.9%).Reported Earnings • Jul 27Full year 2023 earnings released: EPS: JP¥5.38 (vs JP¥10.22 in FY 2022)Full year 2023 results: EPS: JP¥5.38 (down from JP¥10.22 in FY 2022). Revenue: JP¥29.5b (up 1.8% from FY 2022). Net income: JP¥3.26b (down 47% from FY 2022). Profit margin: 11% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 26Honma Golf Limited, Annual General Meeting, Sep 15, 2023Honma Golf Limited, Annual General Meeting, Sep 15, 2023, at 11:00 China Standard Time. Location: 31F, SWFC, 100 Century Avenue Pudong New Area Shanghai Province China Agenda: To consider and receive the audited consolidated financial statements of the Company and the reports of the directors of the Company and auditors of the Company for the year ended 31 March 2023; to consider and approve declaration of final dividend; to consider the re-election of the retiring Directors Mr. Ito Yasuki and Mr. Wang Jianguo; to consider the election of Mr. Liu Hongli as Director; to consider and approve the board of Directors to fix the Directors' remuneration; to consider re-appointment of Ernst & Young as Auditors and to authorize the Board to fix their remuneration; and to transact any other matters.New Risk • Jun 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin).お知らせ • Jun 22Honma Golf Limited Recommends Final Dividend for the Year Ended 31 March 2023, Payable on 10 October 2023Honma Golf Limited recommended final dividend of JPY 1.5 per share for the Year Ended 31 March 2023. Record date is 22 September 2023, Payment date is 10 October 2023, Ex-dividend date is 20 September 2023.Reported Earnings • Jun 22Full year 2023 earnings released: EPS: JP¥5.38 (vs JP¥10.22 in FY 2022)Full year 2023 results: EPS: JP¥5.38 (down from JP¥10.22 in FY 2022). Revenue: JP¥29.5b (up 1.8% from FY 2022). Net income: JP¥3.26b (down 47% from FY 2022). Profit margin: 11% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 09Honma Golf Limited to Report Fiscal Year 2023 Results on Jun 21, 2023Honma Golf Limited announced that they will report fiscal year 2023 results on Jun 21, 2023Reported Earnings • Dec 30First half 2023 earnings released: EPS: JP¥5.10 (vs JP¥2.23 in 1H 2022)First half 2023 results: EPS: JP¥5.10 (up from JP¥2.23 in 1H 2022). Revenue: JP¥14.9b (up 26% from 1H 2022). Net income: JP¥3.09b (up 129% from 1H 2022). Profit margin: 21% (up from 11% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 05Upcoming dividend of JP¥1.50 per shareEligible shareholders must have bought the stock before 12 December 2022. Payment date: 28 December 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%).Reported Earnings • Nov 30First half 2023 earnings released: EPS: JP¥5.10 (vs JP¥2.23 in 1H 2022)First half 2023 results: EPS: JP¥5.10 (up from JP¥2.23 in 1H 2022). Revenue: JP¥14.9b (up 26% from 1H 2022). Net income: JP¥3.09b (up 129% from 1H 2022). Profit margin: 21% (up from 11% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.お知らせ • Nov 30Honma Golf Limited Announces an Interim Dividend Payable on 28 December 2022Honma Golf Limited announced an interim dividend of JPY 1.5 per share for the six months ended 30 September 2022. The record date is on 14 December 2022 and the payment date is on 28 December 2022. The ex-dividend date is on 12 December 2022.お知らせ • Nov 18Honma Golf Limited to Report Q2, 2023 Results on Nov 29, 2022Honma Golf Limited announced that they will report Q2, 2023 results on Nov 29, 2022Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Jianguo Wang was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Sep 16Honma Golf Limited Approves Final Dividend for the Year Ended 31 March 2022Honma Golf Limited at the annual general meeting held on 15 September 2022, approved to declare a final dividend of JPY 2.0 per share for the year ended 31 March 2022.Upcoming Dividend • Sep 13Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 20 September 2022. Payment date: 10 October 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.1%).お知らせ • Jul 28Honma Golf Limited, Annual General Meeting, Sep 15, 2022Honma Golf Limited, Annual General Meeting, Sep 15, 2022, at 11:00 China Standard Time. Location: 31F, SWFC, 100 Century Avenue, Pudong New District Shanghai China Agenda: To receive the audited consolidated financial statements of the company and the reports of the directors of the company and auditors of the company for the year ended 31 March 2022; to declare a final dividend of JPY 2.0 per share for the year ended 31 March 2022; to re-elect Mr. Zuo Jun as Director; to re-elect Mr. Ho Ping-hsien Robert as Director; to re-elect Mr. Lu Pochin Christopher as Director; to authorise the board of Directors to fix the Directors' remuneration; to re-appoint Ernst & Young as Auditors and to authorise the Board to fix their remuneration; and to consider others.Reported Earnings • Jun 29Full year 2022 earnings released: EPS: JP¥10.22 (vs JP¥3.07 in FY 2021)Full year 2022 results: EPS: JP¥10.22 (up from JP¥3.07 in FY 2021). Revenue: JP¥29.0b (up 27% from FY 2021). Net income: JP¥6.19b (up 233% from FY 2021). Profit margin: 21% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.お知らせ • Jun 29Honma Golf Limited Recommends Final Dividend for the Year Ended March 31, 2022, Payable on October 10, 2022Honma Golf Limited proposed to declare a final dividend of JPY 2 per share for the year ended March 31, 2022, payable on October 10, 2022. Date of shareholders' approval is 15 September 2022. Ex-dividend date is September 20, 2022. Record date is September 22, 2022.お知らせ • Jun 16Honma Golf Limited to Report Fiscal Year 2022 Results on Jun 28, 2022Honma Golf Limited announced that they will report fiscal year 2022 results on Jun 28, 2022Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Jianguo Wang was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Feb 18Honma Golf to Be Deleted from Other OTCHonma Golf Ltd. Ordinary Shares (Cayman Islands) will be deleted from Other OTC effective February 18, 2022. The deletion is due to Inactive Security.Reported Earnings • Dec 29First half 2022 earnings: EPS in line with expectations, revenues disappointFirst half 2022 results: EPS: JP¥2.23 (up from JP¥1.33 loss in 1H 2021). Revenue: JP¥11.9b (up 31% from 1H 2021). Net income: JP¥1.35b (up JP¥2.15b from 1H 2021). Profit margin: 11% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 14%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Dec 02Upcoming dividend of JP¥1.50 per shareEligible shareholders must have bought the stock before 09 December 2021. Payment date: 28 December 2021. Trailing yield: 6.7%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.4%).Reported Earnings • Nov 28First half 2022 earnings: EPS in line with expectations, revenues disappointFirst half 2022 results: EPS: JP¥2.23 (up from JP¥1.33 loss in 1H 2021). Revenue: JP¥11.9b (up 31% from 1H 2021). Net income: JP¥1.35b (up JP¥2.15b from 1H 2021). Profit margin: 11% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 14%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 14Upcoming dividend of JP¥1.70 per shareEligible shareholders must have bought the stock before 21 September 2021. Payment date: 11 October 2021. Trailing yield: 6.5%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.4%).Reported Earnings • Aug 03Full year 2021 earnings released: EPS JP¥3.07 (vs JP¥1.20 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥22.7b (down 4.4% from FY 2020). Net income: JP¥1.86b (up JP¥2.59b from FY 2020). Profit margin: 8.2% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.Reported Earnings • Jun 29Full year 2021 earnings released: EPS JP¥3.07 (vs JP¥1.20 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥22.7b (down 4.4% from FY 2020). Net income: JP¥1.86b (up JP¥2.59b from FY 2020). Profit margin: 8.2% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Feb 06New 90-day high: €0.58The company is up 49% from its price of €0.39 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 8.0% over the same period.お知らせ • Jan 19HONMA Golf Announces Partnership with Six JLPGA GolfersHONMA Golf Limited announced a partnership with six uprising athletes from The Ladies Professional Golfers' Association of Japan (JLPGA), including multiple-time JLPGA champion Misuzu Narita, top 50 seeded player of this season Rumi Yoshiba, and uprising players Shina Kanazawa, Momo Yoshikawa, Minami Hiruta and Nanoko Hayashi. The new partnership aims to further enhance HONMA's tour presence in its Asia home base showcasing its exquisite club-making craftsmanship while reinforcing the 62-year-old premium brand with its performance-driven consumers, especially young millennial golfers amid the promising trend of golf development in Asia. The new joiners, aged between 22 and 28, will be seen using HONMA clubs and apparels from Spring 2021 anchoring HONMA's most recent WOW! CHALLENGERS campaign, created in conjunction with the newly launched T//WORLD GS club series featuring extraordinary speed and surprising distance to "WOW" the golfers. Together with the existing Team HONMA pros, they are challenged to achieve 10 JLPGA wins in 2021, equipped with not just HONMA gears but also the unique support from master craftsmen at HONMA's R&D and manufacturing base in Sakata, Japan. Already on Team HONMA Japan are five existing members, including renowned golfer LEE Bo-mee, a new talent Goto Miyu, and three male players from Japan Golf Tour Organization (JGTO) -- Hideto Tanihara, Koumei Oda and Shintaro Kobayashi.Is New 90 Day High Low • Dec 30New 90-day high: €0.51The company is up 31% from its price of €0.39 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 15% over the same period.Reported Earnings • Dec 30First half 2021 earnings released: JP¥1.33 loss per shareThe company reported a poor first half result with increased losses and weaker revenues and control over expenses. First half 2021 results: Revenue: JP¥9.05b (down 14% from 1H 2020). Net loss: JP¥803.5m (loss widened JP¥752.3m from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Dec 15New 90-day high: €0.49The company is up 25% from its price of €0.39 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 10.0% over the same period.Reported Earnings • Nov 29First half 2021 earnings released: JP¥1.33 loss per shareThe company reported a poor first half result with increased losses and weaker revenues and control over expenses. First half 2021 results: Revenue: JP¥9.05b (down 14% from 1H 2020). Net loss: JP¥803.5m (loss widened JP¥752.3m from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Nov 24New 90-day high: €0.44The company is up 16% from its price of €0.38 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 12% over the same period.お知らせ • Nov 18Honma Golf Limited to Report First Half, 2021 Results on Nov 27, 2020Honma Golf Limited announced that they will report first half, 2021 results on Nov 27, 2020収支内訳Honma Golf の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史DB:HF5 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費30 Sep 2519,725-1,81711,476030 Jun 2520,699-1,04111,437031 Mar 2521,672-26411,397031 Dec 2422,25719411,149030 Sep 2422,84365310,901030 Jun 2424,5332,74110,717031 Mar 2426,2234,82810,532031 Dec 2326,9934,16310,498030 Sep 2327,7623,49810,464030 Jun 2328,6293,37710,742031 Mar 2329,4953,25511,020031 Dec 2230,7615,59310,947030 Sep 2232,0277,93010,875030 Jun 2230,4997,06110,524031 Mar 2228,9716,19110,173031 Dec 2127,2635,10110,051030 Sep 2125,5544,0119,929030 Jun 2124,1452,93510,039031 Mar 2122,7351,85910,149031 Dec 2022,49218710,519030 Sep 2022,249-1,48510,890030 Jun 2023,018-1,10910,974031 Mar 2023,787-73211,058031 Dec 1925,32364611,214030 Sep 1926,8582,02411,370030 Jun 1927,3153,11711,118031 Mar 1927,7714,20910,866031 Dec 1827,5244,58310,477030 Sep 1827,2784,95710,087030 Jun 1826,7874,44610,010031 Mar 1826,2963,9349,932031 Dec 1725,4274,6549,581030 Sep 1724,5595,3739,229030 Jun 1724,4004,9719,540031 Mar 1724,2424,5709,850031 Dec 1623,4713,8589,941030 Sep 1622,7003,14710,033030 Jun 1622,5343,3589,727031 Mar 1622,3693,5699,4210質の高い収益: HF5は現在利益が出ていません。利益率の向上: HF5は現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: HF5は利益が出ておらず、過去 5 年間で損失は年間17.3%の割合で増加しています。成長の加速: HF5の過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: HF5は利益が出ていないため、過去 1 年間の収益成長をLeisure業界 ( 3% ) と比較することは困難です。株主資本利益率高いROE: HF5は現在利益が出ていないため、自己資本利益率 ( -7.16% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-durables 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 08:44終値2026/05/22 00:00収益2025/09/30年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Honma Golf Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Carlton LaiDaiwa Securities Co. Ltd.Terence ChengMorgan StanleyAndrew John OrchardNomura Securities Co. Ltd.
お知らせ • Nov 14Honma Golf Limited to Report First Half, 2026 Results on Nov 28, 2025Honma Golf Limited announced that they will report first half, 2026 results on Nov 28, 2025
お知らせ • Jun 16Honma Golf Limited to Report Fiscal Year 2025 Results on Jun 26, 2025Honma Golf Limited announced that they will report fiscal year 2025 results on Jun 26, 2025
お知らせ • Nov 15Honma Golf Limited to Report First Half, 2025 Results on Nov 29, 2024Honma Golf Limited announced that they will report first half, 2025 results on Nov 29, 2024
Reported Earnings • Jul 01Full year 2024 earnings released: EPS: JP¥7.97 (vs JP¥5.38 in FY 2023)Full year 2024 results: EPS: JP¥7.97 (up from JP¥5.38 in FY 2023). Revenue: JP¥26.2b (down 11% from FY 2023). Net income: JP¥4.83b (up 48% from FY 2023). Profit margin: 18% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Jun 18Honma Golf Limited to Report Fiscal Year 2024 Results on Jun 28, 2024Honma Golf Limited announced that they will report fiscal year 2024 results on Jun 28, 2024
Reported Earnings • Nov 26First half 2024 earnings released: EPS: JP¥5.50 (vs JP¥5.10 in 1H 2023)First half 2024 results: EPS: JP¥5.50 (up from JP¥5.10 in 1H 2023). Revenue: JP¥13.2b (down 12% from 1H 2023). Net income: JP¥3.33b (up 7.8% from 1H 2023). Profit margin: 25% (up from 21% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Qing Tian was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 14Honma Golf Limited to Report First Half, 2026 Results on Nov 28, 2025Honma Golf Limited announced that they will report first half, 2026 results on Nov 28, 2025
お知らせ • Jun 26+ 1 more updateHonma Golf Limited, Annual General Meeting, Sep 19, 2025Honma Golf Limited, Annual General Meeting, Sep 19, 2025.
お知らせ • Jun 16Honma Golf Limited to Report Fiscal Year 2025 Results on Jun 26, 2025Honma Golf Limited announced that they will report fiscal year 2025 results on Jun 26, 2025
お知らせ • Jan 01Honma Golf Limited Did Not Declare Interim Dividend for the Six Months Ended September 30, 2024Honma Golf Limited did not declare any interim dividend for the six months ended 30 September 2024. On 24 November 2023, the board of directors declared the payment of an interim dividend of JPY1.50 per ordinary share totaling approximately JPY908,464,000 for the six months ended 30 September 2023.
お知らせ • Dec 21Honma Golf Limited Appoints Tian Qing as Independent Non-Executive DirectorHonma Golf appointed Limited Tian Qing has been appointed as an independent non-executive director of the Company with effect from 20 December 2024. Ms. Tian Qing, aged 40, has served at Commerce & Finance Law Offices since April 2007, where she currently takes the role as consultant. Ms. Tian has also worked at Konpeidou Co. Ltd. since September 2021, where she is currently the chief operating officer. She obtained a bachelor s degree in civil, commercial and economic law from China University of Political Science and Law, the PRC, in July 2007.
お知らせ • Nov 29Honma Golf Limited Appoints Soopakij Chearavanont as Non-Executive DirectorHonma Golf Limited announced that Mr. Soopakij Chearavanont has been appointed as a non-executive director of the Company with effect from 29 November 2024. Mr. Soopakij Chearavanont, aged 60, is responsible for providing strategic advice on the business development of the Group. Mr. Chearavanont is the chairman of Charoen Pokphand Group Company Limited. He is a director and the chairman of CP ALL Public Company Limited and Charoen Pokphand Foods Public Company Limited; the chairman and a non-executive director of Chia Tai Enterprises International Limited; a non-executive director of Ping An Insurance (Group) Company of China, Ltd; and an executive director and the chairman of C.P. Pokphand Co. Ltd. Mr. Chearavanont was previously a director of True Corporation Public Company Limited; and an executive director and the chairman of C.P. Lotus Corporation until its withdrawal from listing in October 2019) from April 2000 to November 2024. He obtained a Bachelor of Science degree from the College of Business and Public Administration of New York University, United States, in October 1987, and has extensive multinational investment and management experience in various industries.
お知らせ • Nov 15Honma Golf Limited to Report First Half, 2025 Results on Nov 29, 2024Honma Golf Limited announced that they will report first half, 2025 results on Nov 29, 2024
お知らせ • Sep 20Honma Golf Limited Approves Final Dividend for the Year Ended 31 March 2024Honma Golf Limited at its AGM held on September 20, 2024 approved to declare a final dividend of JPY 1.5 per share for the year ended 31 March 2024.
お知らせ • Sep 19Honma Golf Limited Announces Demise of Ho Ping-Hsien Robert, Non-Executive DirectorHonma Golf Limited announced that Mr. Ho Ping-hsien Robert, a non-executive director of the Company, passed away on 18 September 2024. The late Mr. Ho had been a non-executive director of the Company since 2018.
Upcoming Dividend • Sep 18Upcoming dividend of JP¥1.50 per shareEligible shareholders must have bought the stock before 25 September 2024. Payment date: 10 October 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.8%).
Declared Dividend • Jul 01Final dividend of JP¥1.50 announcedShareholders will receive a dividend of JP¥1.50. Ex-date: 25th September 2024 Payment date: 10th October 2024 Dividend yield will be 422%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has not increased over the past 7 years but payments have been stable during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 01Full year 2024 earnings released: EPS: JP¥7.97 (vs JP¥5.38 in FY 2023)Full year 2024 results: EPS: JP¥7.97 (up from JP¥5.38 in FY 2023). Revenue: JP¥26.2b (down 11% from FY 2023). Net income: JP¥4.83b (up 48% from FY 2023). Profit margin: 18% (up from 11% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Jun 29Honma Golf Limited, Annual General Meeting, Sep 20, 2024Honma Golf Limited, Annual General Meeting, Sep 20, 2024.
お知らせ • Jun 28Honma Golf Limited Proposes Final Dividend for the Year Ended 31 March, 2024, Payable on 10 October 2024Honma Golf Limited proposed final dividend of JPY 1.5 per share for the year ended 31 March, 2024. Date of shareholders' approval is 20 September 2024. Ex-dividend date is 25 September 2024. Record date is 27 September 2024. Payment date is 10 October 2024.
お知らせ • Jun 18Honma Golf Limited to Report Fiscal Year 2024 Results on Jun 28, 2024Honma Golf Limited announced that they will report fiscal year 2024 results on Jun 28, 2024
New Risk • Jun 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (13% net profit margin).
Buy Or Sell Opportunity • Feb 15Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.3% to €0.36. The fair value is estimated to be €0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Jan 23Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 2.2% to €0.37. The fair value is estimated to be €0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Jan 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).
お知らせ • Jan 18Honma Golf Redefines Luxury with Beres 09 CollectionHonma Golf announced the latest addition to its luxury BERES line of game-enhancing woods, irons, and hybrids.Japan's original golf manufacturer's new BERES 09 carries forward six decades of Japanese tradition, innovation, meticulous craftsmanship, and beautiful artistry. BERES 09's gold and silver design represents Honma's harmonious balance between tradition and innovation—a club that not only looks and feels exceptional but performs at the highest level as well. The line also adheres to traditional BERES 2- to 5-Star grading, with more advanced shaft technology as the grades progress. PRICING Drivers start at $900, Fairways/Hybrids at $400, and Irons start at $3,150 for a set of 5-11, AW, PW. Driver: Honma's Distance Technology features a new CG design and clubhead construction, which retains the signature BERES feel plus optimization for maximum yardage. High-strength lightweight carbon material on the toe side of the sole empowers the typical golfer with a draw bias, providing a significant advantage. The surplus weight resulting from the incorporation of carbon is expertly positioned on the heel side for superior performance. Fairway Wood and Hybrid: Honma's engineers constructed a tungsten nickel weight positioned near the back heel, enhancing impact efficiency and achieving a CG angle of +5.0 degrees. A new unique face and crown design featuring uneven thicknesses improves repulsion performance by thinning the face and crown. Furthermore, the repulsion area has been expanded. These new BERES 09 features create an extraordinary synergy, delivering unparalleled ball speed and launching the ball high with a controlled draw. Irons: The face design of the BERES 09 irons features a combination of uneven semicircles and a L cup face that delivers remarkable distance performance and forgiveness while effectively dampening impact shock for a soft feel and satisfying sound. The revolutionary groove pattern structure delivers exceptional repulsion performance, resisting hitting point variation in both vertical and horizontal directions.
Upcoming Dividend • Dec 05Upcoming dividend of JP¥1.50 per share at 5.0% yieldEligible shareholders must have bought the stock before 12 December 2023. Payment date: 28 December 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.0%).
Reported Earnings • Nov 26First half 2024 earnings released: EPS: JP¥5.50 (vs JP¥5.10 in 1H 2023)First half 2024 results: EPS: JP¥5.50 (up from JP¥5.10 in 1H 2023). Revenue: JP¥13.2b (down 12% from 1H 2023). Net income: JP¥3.33b (up 7.8% from 1H 2023). Profit margin: 25% (up from 21% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Nov 25Honma Golf Limited Announces Interim Dividend for the Six Months Ended September 30, 2023, Payable on December 28, 2023Honma Golf Limited announced interim dividend of JPY 1.5 per share for the six months ended September 30, 2023. Ex-dividend date is December 12, 2023. Record date is December 14, 2023. Payment date is December 28, 2023.
お知らせ • Nov 07Honma Golf Limited to Report First Half, 2024 Results on Nov 24, 2023Honma Golf Limited announced that they will report first half, 2024 results on Nov 24, 2023
お知らせ • Sep 17Honma Golf Limited Announces Board ChangesHonma Golf Limited at its AGM held on 15 September 2023 announced that Mr. MURAI Yuji has retired from office as an executive director of the Company with effect from the conclusion of the AGM; and Mr. LIU Hongli has been appointed as an executive director of the Company with effect from the conclusion of the AGM. Mr. LIU Hongli (), aged 29, has been appointed as an executive director of the Company with effect from 15 September 2023. He is mainly responsible for overseeing the sales strategies and operations of the Group in China. Mr. Liu has been the General Manager for apparel of World Power International Trading (Shanghai) Company Limited since May 2019. He has over four years of experience in business management and operations. Prior to joining the Group, Mr. Liu worked as an intern at advisory department of Ernst & Young (China) Advisory Limited from October 2016 to July 2017. Mr. Liu graduated from Fisher College, the United States, with an associate degree in science in May 2016. He also obtained a bachelor's degree in sports science from Nippon Sport Science University, Japan, in March 2018.
お知らせ • Sep 16Honma Golf Limited Approves Final Dividend for the Year Ended 31 March 2023Honma Golf Limited approves final dividend of JPY 1.5 per share for the year ended 31 March 2023, at its Annual General Meeting held on 15 September 2023.
Upcoming Dividend • Sep 13Upcoming dividend of JP¥1.50 per share at 4.8% yieldEligible shareholders must have bought the stock before 20 September 2023. Payment date: 10 October 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.9%).
Reported Earnings • Jul 27Full year 2023 earnings released: EPS: JP¥5.38 (vs JP¥10.22 in FY 2022)Full year 2023 results: EPS: JP¥5.38 (down from JP¥10.22 in FY 2022). Revenue: JP¥29.5b (up 1.8% from FY 2022). Net income: JP¥3.26b (down 47% from FY 2022). Profit margin: 11% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 26Honma Golf Limited, Annual General Meeting, Sep 15, 2023Honma Golf Limited, Annual General Meeting, Sep 15, 2023, at 11:00 China Standard Time. Location: 31F, SWFC, 100 Century Avenue Pudong New Area Shanghai Province China Agenda: To consider and receive the audited consolidated financial statements of the Company and the reports of the directors of the Company and auditors of the Company for the year ended 31 March 2023; to consider and approve declaration of final dividend; to consider the re-election of the retiring Directors Mr. Ito Yasuki and Mr. Wang Jianguo; to consider the election of Mr. Liu Hongli as Director; to consider and approve the board of Directors to fix the Directors' remuneration; to consider re-appointment of Ernst & Young as Auditors and to authorize the Board to fix their remuneration; and to transact any other matters.
New Risk • Jun 22New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin).
お知らせ • Jun 22Honma Golf Limited Recommends Final Dividend for the Year Ended 31 March 2023, Payable on 10 October 2023Honma Golf Limited recommended final dividend of JPY 1.5 per share for the Year Ended 31 March 2023. Record date is 22 September 2023, Payment date is 10 October 2023, Ex-dividend date is 20 September 2023.
Reported Earnings • Jun 22Full year 2023 earnings released: EPS: JP¥5.38 (vs JP¥10.22 in FY 2022)Full year 2023 results: EPS: JP¥5.38 (down from JP¥10.22 in FY 2022). Revenue: JP¥29.5b (up 1.8% from FY 2022). Net income: JP¥3.26b (down 47% from FY 2022). Profit margin: 11% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 09Honma Golf Limited to Report Fiscal Year 2023 Results on Jun 21, 2023Honma Golf Limited announced that they will report fiscal year 2023 results on Jun 21, 2023
Reported Earnings • Dec 30First half 2023 earnings released: EPS: JP¥5.10 (vs JP¥2.23 in 1H 2022)First half 2023 results: EPS: JP¥5.10 (up from JP¥2.23 in 1H 2022). Revenue: JP¥14.9b (up 26% from 1H 2022). Net income: JP¥3.09b (up 129% from 1H 2022). Profit margin: 21% (up from 11% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 05Upcoming dividend of JP¥1.50 per shareEligible shareholders must have bought the stock before 12 December 2022. Payment date: 28 December 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%).
Reported Earnings • Nov 30First half 2023 earnings released: EPS: JP¥5.10 (vs JP¥2.23 in 1H 2022)First half 2023 results: EPS: JP¥5.10 (up from JP¥2.23 in 1H 2022). Revenue: JP¥14.9b (up 26% from 1H 2022). Net income: JP¥3.09b (up 129% from 1H 2022). Profit margin: 21% (up from 11% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
お知らせ • Nov 30Honma Golf Limited Announces an Interim Dividend Payable on 28 December 2022Honma Golf Limited announced an interim dividend of JPY 1.5 per share for the six months ended 30 September 2022. The record date is on 14 December 2022 and the payment date is on 28 December 2022. The ex-dividend date is on 12 December 2022.
お知らせ • Nov 18Honma Golf Limited to Report Q2, 2023 Results on Nov 29, 2022Honma Golf Limited announced that they will report Q2, 2023 results on Nov 29, 2022
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Jianguo Wang was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Sep 16Honma Golf Limited Approves Final Dividend for the Year Ended 31 March 2022Honma Golf Limited at the annual general meeting held on 15 September 2022, approved to declare a final dividend of JPY 2.0 per share for the year ended 31 March 2022.
Upcoming Dividend • Sep 13Upcoming dividend of JP¥2.00 per shareEligible shareholders must have bought the stock before 20 September 2022. Payment date: 10 October 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.1%).
お知らせ • Jul 28Honma Golf Limited, Annual General Meeting, Sep 15, 2022Honma Golf Limited, Annual General Meeting, Sep 15, 2022, at 11:00 China Standard Time. Location: 31F, SWFC, 100 Century Avenue, Pudong New District Shanghai China Agenda: To receive the audited consolidated financial statements of the company and the reports of the directors of the company and auditors of the company for the year ended 31 March 2022; to declare a final dividend of JPY 2.0 per share for the year ended 31 March 2022; to re-elect Mr. Zuo Jun as Director; to re-elect Mr. Ho Ping-hsien Robert as Director; to re-elect Mr. Lu Pochin Christopher as Director; to authorise the board of Directors to fix the Directors' remuneration; to re-appoint Ernst & Young as Auditors and to authorise the Board to fix their remuneration; and to consider others.
Reported Earnings • Jun 29Full year 2022 earnings released: EPS: JP¥10.22 (vs JP¥3.07 in FY 2021)Full year 2022 results: EPS: JP¥10.22 (up from JP¥3.07 in FY 2021). Revenue: JP¥29.0b (up 27% from FY 2021). Net income: JP¥6.19b (up 233% from FY 2021). Profit margin: 21% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
お知らせ • Jun 29Honma Golf Limited Recommends Final Dividend for the Year Ended March 31, 2022, Payable on October 10, 2022Honma Golf Limited proposed to declare a final dividend of JPY 2 per share for the year ended March 31, 2022, payable on October 10, 2022. Date of shareholders' approval is 15 September 2022. Ex-dividend date is September 20, 2022. Record date is September 22, 2022.
お知らせ • Jun 16Honma Golf Limited to Report Fiscal Year 2022 Results on Jun 28, 2022Honma Golf Limited announced that they will report fiscal year 2022 results on Jun 28, 2022
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Jianguo Wang was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Feb 18Honma Golf to Be Deleted from Other OTCHonma Golf Ltd. Ordinary Shares (Cayman Islands) will be deleted from Other OTC effective February 18, 2022. The deletion is due to Inactive Security.
Reported Earnings • Dec 29First half 2022 earnings: EPS in line with expectations, revenues disappointFirst half 2022 results: EPS: JP¥2.23 (up from JP¥1.33 loss in 1H 2021). Revenue: JP¥11.9b (up 31% from 1H 2021). Net income: JP¥1.35b (up JP¥2.15b from 1H 2021). Profit margin: 11% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 14%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Dec 02Upcoming dividend of JP¥1.50 per shareEligible shareholders must have bought the stock before 09 December 2021. Payment date: 28 December 2021. Trailing yield: 6.7%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.4%).
Reported Earnings • Nov 28First half 2022 earnings: EPS in line with expectations, revenues disappointFirst half 2022 results: EPS: JP¥2.23 (up from JP¥1.33 loss in 1H 2021). Revenue: JP¥11.9b (up 31% from 1H 2021). Net income: JP¥1.35b (up JP¥2.15b from 1H 2021). Profit margin: 11% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 14%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 14Upcoming dividend of JP¥1.70 per shareEligible shareholders must have bought the stock before 21 September 2021. Payment date: 11 October 2021. Trailing yield: 6.5%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.4%).
Reported Earnings • Aug 03Full year 2021 earnings released: EPS JP¥3.07 (vs JP¥1.20 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥22.7b (down 4.4% from FY 2020). Net income: JP¥1.86b (up JP¥2.59b from FY 2020). Profit margin: 8.2% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jun 29Full year 2021 earnings released: EPS JP¥3.07 (vs JP¥1.20 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥22.7b (down 4.4% from FY 2020). Net income: JP¥1.86b (up JP¥2.59b from FY 2020). Profit margin: 8.2% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Feb 06New 90-day high: €0.58The company is up 49% from its price of €0.39 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 8.0% over the same period.
お知らせ • Jan 19HONMA Golf Announces Partnership with Six JLPGA GolfersHONMA Golf Limited announced a partnership with six uprising athletes from The Ladies Professional Golfers' Association of Japan (JLPGA), including multiple-time JLPGA champion Misuzu Narita, top 50 seeded player of this season Rumi Yoshiba, and uprising players Shina Kanazawa, Momo Yoshikawa, Minami Hiruta and Nanoko Hayashi. The new partnership aims to further enhance HONMA's tour presence in its Asia home base showcasing its exquisite club-making craftsmanship while reinforcing the 62-year-old premium brand with its performance-driven consumers, especially young millennial golfers amid the promising trend of golf development in Asia. The new joiners, aged between 22 and 28, will be seen using HONMA clubs and apparels from Spring 2021 anchoring HONMA's most recent WOW! CHALLENGERS campaign, created in conjunction with the newly launched T//WORLD GS club series featuring extraordinary speed and surprising distance to "WOW" the golfers. Together with the existing Team HONMA pros, they are challenged to achieve 10 JLPGA wins in 2021, equipped with not just HONMA gears but also the unique support from master craftsmen at HONMA's R&D and manufacturing base in Sakata, Japan. Already on Team HONMA Japan are five existing members, including renowned golfer LEE Bo-mee, a new talent Goto Miyu, and three male players from Japan Golf Tour Organization (JGTO) -- Hideto Tanihara, Koumei Oda and Shintaro Kobayashi.
Is New 90 Day High Low • Dec 30New 90-day high: €0.51The company is up 31% from its price of €0.39 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 15% over the same period.
Reported Earnings • Dec 30First half 2021 earnings released: JP¥1.33 loss per shareThe company reported a poor first half result with increased losses and weaker revenues and control over expenses. First half 2021 results: Revenue: JP¥9.05b (down 14% from 1H 2020). Net loss: JP¥803.5m (loss widened JP¥752.3m from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Dec 15New 90-day high: €0.49The company is up 25% from its price of €0.39 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 10.0% over the same period.
Reported Earnings • Nov 29First half 2021 earnings released: JP¥1.33 loss per shareThe company reported a poor first half result with increased losses and weaker revenues and control over expenses. First half 2021 results: Revenue: JP¥9.05b (down 14% from 1H 2020). Net loss: JP¥803.5m (loss widened JP¥752.3m from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Nov 24New 90-day high: €0.44The company is up 16% from its price of €0.38 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 12% over the same period.
お知らせ • Nov 18Honma Golf Limited to Report First Half, 2021 Results on Nov 27, 2020Honma Golf Limited announced that they will report first half, 2021 results on Nov 27, 2020