View ValuationYONEX 将来の成長Future 基準チェック /36YONEX利益と収益がそれぞれ年間11%と9.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.8% 10.9%なると予測されています。主要情報11.0%収益成長率10.85%EPS成長率Leisure 収益成長11.5%収益成長率9.4%将来の株主資本利益率15.80%アナリストカバレッジLow最終更新日22 May 2026今後の成長に関する最新情報分析記事 • Feb 12YONEX Co., Ltd. (TSE:7906) Analysts Are Pretty Bullish On The Stock After Recent ResultsInvestors in YONEX Co., Ltd. ( TSE:7906 ) had a good week, as its shares rose 9.1% to close at JP¥3,605 following the...Price Target Changed • Jan 16Price target increased by 18% to JP¥4,100Up from JP¥3,467, the current price target is an average from 2 analysts. New target price is 23% above last closing price of JP¥3,345. Stock is up 70% over the past year. The company is forecast to post earnings per share of JP¥143 for next year compared to JP¥123 last year.Price Target Changed • Jun 10Price target increased by 17% to JP¥2,800Up from JP¥2,393, the current price target is an average from 3 analysts. New target price is 5.2% below last closing price of JP¥2,955. Stock is up 59% over the past year. The company is forecast to post earnings per share of JP¥131 for next year compared to JP¥123 last year.Price Target Changed • May 27Price target increased by 10% to JP¥2,493Up from JP¥2,260, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,570. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥127 for next year compared to JP¥123 last year.Price Target Changed • Nov 27Price target increased by 7.6% to JP¥2,260Up from JP¥2,100, the current price target is an average from 3 analysts. New target price is 15% above last closing price of JP¥1,968. Stock is up 43% over the past year. The company is forecast to post earnings per share of JP¥115 for next year compared to JP¥102 last year.Price Target Changed • Jun 06Price target increased by 11% to JP¥1,867Up from JP¥1,675, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥1,811. Stock is up 37% over the past year. The company is forecast to post earnings per share of JP¥106 for next year compared to JP¥102 last year.すべての更新を表示Recent updates分析記事 • May 19YONEX's (TSE:7906) Profits May Not Reveal Underlying IssuesThe recent earnings posted by YONEX Co., Ltd. ( TSE:7906 ) were solid, but the stock didn't move as much as we...Reported Earnings • May 13Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥141 (up from JP¥123 in FY 2025). Revenue: JP¥163.6b (up 18% from FY 2025). Net income: JP¥12.1b (up 14% from FY 2025). Profit margin: 7.4% (down from 7.7% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year.お知らせ • May 12YONEX Co., Ltd., Annual General Meeting, Jun 24, 2026YONEX Co., Ltd., Annual General Meeting, Jun 24, 2026.お知らせ • May 10YONEX Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026YONEX Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%).Buy Or Sell Opportunity • Mar 19Now 22% undervaluedOver the last 90 days, the stock has risen 1.6% to JP¥3,265. The fair value is estimated to be JP¥4,210, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.分析記事 • Feb 12YONEX Co., Ltd. (TSE:7906) Analysts Are Pretty Bullish On The Stock After Recent ResultsInvestors in YONEX Co., Ltd. ( TSE:7906 ) had a good week, as its shares rose 9.1% to close at JP¥3,605 following the...Reported Earnings • Feb 11Third quarter 2026 earnings released: EPS: JP¥37.86 (vs JP¥44.51 in 3Q 2025)Third quarter 2026 results: EPS: JP¥37.86 (down from JP¥44.51 in 3Q 2025). Revenue: JP¥40.9b (up 18% from 3Q 2025). Net income: JP¥3.24b (down 15% from 3Q 2025). Profit margin: 7.9% (down from 11% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Jan 16Price target increased by 18% to JP¥4,100Up from JP¥3,467, the current price target is an average from 2 analysts. New target price is 23% above last closing price of JP¥3,345. Stock is up 70% over the past year. The company is forecast to post earnings per share of JP¥143 for next year compared to JP¥123 last year.お知らせ • Dec 25YONEX Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026YONEX Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026Declared Dividend • Dec 09First half dividend of JP¥12.00 announcedShareholders will receive a dividend of JP¥12.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 59%.分析記事 • Nov 17We Think You Should Be Aware Of Some Concerning Factors In YONEX's (TSE:7906) EarningsThe stock price didn't jump after YONEX Co., Ltd. ( TSE:7906 ) posted decent earnings last week. We think that...Reported Earnings • Nov 08Second quarter 2026 earnings released: EPS: JP¥24.96 (vs JP¥30.35 in 2Q 2025)Second quarter 2026 results: EPS: JP¥24.96 (down from JP¥30.35 in 2Q 2025). Revenue: JP¥39.7b (up 11% from 2Q 2025). Net income: JP¥2.13b (down 19% from 2Q 2025). Profit margin: 5.4% (down from 7.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 25YONEX Co., Ltd. to Report Q2, 2026 Results on Nov 07, 2025YONEX Co., Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025Upcoming Dividend • Sep 22Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%).Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 34%After last week's 34% share price gain to JP¥4,150, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 13x in the Leisure industry in Japan. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,970 per share.分析記事 • Aug 12YONEX Co., Ltd. (TSE:7906) Stock Rockets 26% As Investors Are Less Pessimistic Than ExpectedYONEX Co., Ltd. ( TSE:7906 ) shares have continued their recent momentum with a 26% gain in the last month alone...Buy Or Sell Opportunity • Aug 12Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 52% to JP¥3,790. The fair value is estimated to be JP¥2,992, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 4.1% per annum over the same time period.Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥49.59 (vs JP¥32.33 in 1Q 2025)First quarter 2026 results: EPS: JP¥49.59 (up from JP¥32.33 in 1Q 2025). Revenue: JP¥39.9b (up 28% from 1Q 2025). Net income: JP¥4.24b (up 52% from 1Q 2025). Profit margin: 11% (up from 9.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year.分析記事 • Aug 07Here's Why We Think YONEX (TSE:7906) Is Well Worth WatchingIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Board Change • Jul 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Duncan Ryuken Williams was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • Jul 09Final dividend of JP¥12.00 announcedShareholders will receive a dividend of JP¥12.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 29%.分析記事 • Jul 02Estimating The Fair Value Of YONEX Co., Ltd. (TSE:7906)Key Insights YONEX's estimated fair value is JP¥3,268 based on 2 Stage Free Cash Flow to Equity YONEX's JP¥2,990 share...お知らせ • Jun 25YONEX Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025YONEX Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025分析記事 • Jun 12There's Reason For Concern Over YONEX Co., Ltd.'s (TSE:7906) Massive 28% Price JumpYONEX Co., Ltd. ( TSE:7906 ) shareholders have had their patience rewarded with a 28% share price jump in the last...分析記事 • Jun 11Returns At YONEX (TSE:7906) Are On The Way UpIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...Price Target Changed • Jun 10Price target increased by 17% to JP¥2,800Up from JP¥2,393, the current price target is an average from 3 analysts. New target price is 5.2% below last closing price of JP¥2,955. Stock is up 59% over the past year. The company is forecast to post earnings per share of JP¥131 for next year compared to JP¥123 last year.Price Target Changed • May 27Price target increased by 10% to JP¥2,493Up from JP¥2,260, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,570. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥127 for next year compared to JP¥123 last year.Reported Earnings • May 10Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥123 (up from JP¥102 in FY 2024). Revenue: JP¥138.3b (up 19% from FY 2024). Net income: JP¥10.6b (up 20% from FY 2024). Profit margin: 7.7% (up from 7.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 09YONEX Co., Ltd., Annual General Meeting, Jun 25, 2025YONEX Co., Ltd., Annual General Meeting, Jun 25, 2025.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,988, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Leisure industry in Japan. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,245 per share.分析記事 • Apr 03Here's Why YONEX (TSE:7906) Has Caught The Eye Of InvestorsFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...お知らせ • Mar 25YONEX Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025YONEX Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.8%).分析記事 • Mar 20Calculating The Fair Value Of YONEX Co., Ltd. (TSE:7906)Key Insights Using the 2 Stage Free Cash Flow to Equity, YONEX fair value estimate is JP¥2,615 With JP¥2,367 share...分析記事 • Feb 14YONEX Co., Ltd.'s (TSE:7906) 26% Share Price Surge Not Quite Adding UpYONEX Co., Ltd. ( TSE:7906 ) shareholders would be excited to see that the share price has had a great month, posting a...Reported Earnings • Feb 08Third quarter 2025 earnings released: EPS: JP¥44.51 (vs JP¥22.15 in 3Q 2024)Third quarter 2025 results: EPS: JP¥44.51 (up from JP¥22.15 in 3Q 2024). Revenue: JP¥34.8b (up 27% from 3Q 2024). Net income: JP¥3.82b (up 103% from 3Q 2024). Profit margin: 11% (up from 6.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jan 24These 4 Measures Indicate That YONEX (TSE:7906) Is Using Debt SafelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Buy Or Sell Opportunity • Jan 22Now 21% undervaluedOver the last 90 days, the stock has risen 3.0% to JP¥2,057. The fair value is estimated to be JP¥2,606, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period.分析記事 • Jan 10YONEX (TSE:7906) Will Pay A Dividend Of ¥10.00YONEX Co., Ltd. ( TSE:7906 ) has announced that it will pay a dividend of ¥10.00 per share on the 26th of June. Even...お知らせ • Jan 03YONEX Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025YONEX Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025分析記事 • Dec 27YONEX (TSE:7906) Will Pay A Dividend Of ¥10.00YONEX Co., Ltd.'s ( TSE:7906 ) investors are due to receive a payment of ¥10.00 per share on 26th of June. Even though...分析記事 • Dec 12YONEX (TSE:7906) Has Announced A Dividend Of ¥10.00The board of YONEX Co., Ltd. ( TSE:7906 ) has announced that it will pay a dividend of ¥10.00 per share on the 26th of...Declared Dividend • Dec 07First half dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Nov 27Price target increased by 7.6% to JP¥2,260Up from JP¥2,100, the current price target is an average from 3 analysts. New target price is 15% above last closing price of JP¥1,968. Stock is up 43% over the past year. The company is forecast to post earnings per share of JP¥115 for next year compared to JP¥102 last year.お知らせ • Nov 15YONEX Co., Ltd. (TSE:7906) announces an Equity Buyback for 1,184,000 shares, for ¥2,399.97 million.YONEX Co., Ltd. (TSE:7906) announces a share repurchase program. Under the program, the company will repurchase up to 1,184,000 shares, representing 1.27% of its issued share capital, for ¥2,399.97 million. The repurchases will be made at a price of ¥2,027 per share. The purpose of the buyback is to implement flexible capital policies in response to changes in the business environment. The program will expire on November 15, 2024. As of October 31, 2024, the company had 92,870,800 issued shares excluding treasury shares and 6,245,230 treasury shares.New Risk • Nov 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥30.35 (vs JP¥22.61 in 2Q 2024)Second quarter 2025 results: EPS: JP¥30.35 (up from JP¥22.61 in 2Q 2024). Revenue: JP¥35.9b (up 21% from 2Q 2024). Net income: JP¥2.63b (up 33% from 2Q 2024). Profit margin: 7.3% (up from 6.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 25YONEX Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024YONEX Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024Upcoming Dividend • Sep 20Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.5%).Reported Earnings • Aug 13First quarter 2025 earnings released: EPS: JP¥32.33 (vs JP¥27.81 in 1Q 2024)First quarter 2025 results: EPS: JP¥32.33 (up from JP¥27.81 in 1Q 2024). Revenue: JP¥31.1b (up 11% from 1Q 2024). Net income: JP¥2.80b (up 15% from 1Q 2024). Profit margin: 9.0% (up from 8.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Jul 11Final dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 26YONEX Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024YONEX Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024Price Target Changed • Jun 06Price target increased by 11% to JP¥1,867Up from JP¥1,675, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥1,811. Stock is up 37% over the past year. The company is forecast to post earnings per share of JP¥106 for next year compared to JP¥102 last year.Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥1,792, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Leisure industry in Japan. Total returns to shareholders of 186% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,959 per share.お知らせ • May 23+ 1 more updateYonex Co., Ltd. Provides Dividend Guidance for the Second Quarter End and Year End of Fiscal Year Ending March 31, 2025YONEX Co., Ltd. provided dividend guidance for the second quarter end and year end of fiscal year ending March 31, 2025. For the second quarter end, the company expects a dividend of JPY 10.00 per share against JPY 7.00 per share paid a year ago. For the year-end, the company expects a dividend of JPY 10.00 per share.Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 28%After last week's 28% share price gain to JP¥1,566, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Leisure industry in Japan. Total returns to shareholders of 181% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,154 per share.Buy Or Sell Opportunity • May 13Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to JP¥1,521. The fair value is estimated to be JP¥1,144, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period.Reported Earnings • May 12Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥102 (up from JP¥84.04 in FY 2023). Revenue: JP¥116.4b (up 8.8% from FY 2023). Net income: JP¥8.86b (up 21% from FY 2023). Profit margin: 7.6% (up from 6.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 29% per year.お知らせ • May 11YONEX Co., Ltd. Proposes Dividend for the Year Ended March 31, 2024YONEX Co., Ltd. Proposed dividend for the year ended March 31, 2024. For the year, the company announced dividend of JPY 9.00 per share against a dividend of JPY 7.00 per share paid a year ago. Payable on June 26, 2024. Record date March 31, 2024.お知らせ • Apr 23YONEX Co., Ltd., Annual General Meeting, Jun 25, 2024YONEX Co., Ltd., Annual General Meeting, Jun 25, 2024.お知らせ • Mar 23YONEX Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024YONEX Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.8%).Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥22.15 (vs JP¥12.70 in 3Q 2023)Third quarter 2024 results: EPS: JP¥22.15 (up from JP¥12.70 in 3Q 2023). Revenue: JP¥27.4b (down 7.1% from 3Q 2023). Net income: JP¥1.88b (up 70% from 3Q 2023). Profit margin: 6.9% (up from 3.8% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jan 22Now 20% overvaluedOver the last 90 days, the stock has fallen 21% to JP¥1,247. The fair value is estimated to be JP¥1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.お知らせ • Dec 24YONEX Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024YONEX Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024お知らせ • Nov 15YONEX Co., Ltd. (TSE:7906) announces an Equity Buyback for 780,000 shares, for ¥1,103.7 million.YONEX Co., Ltd. (TSE:7906) announces a share repurchase program. Under the program, the company will repurchase up to 780,000 shares, representing 0.83% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,103.7 million. The shares will be repurchased at a price of ¥1,415 per share. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. As of October 31, 2023, the company had 93,620,800 issued shares (excluding treasury stock) and 6,351,256 treasury shares.New Risk • Nov 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin). Shareholders have been diluted in the past year (6.6% increase in shares outstanding).Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥22.61 (vs JP¥29.44 in 2Q 2023)Second quarter 2024 results: EPS: JP¥22.61 (down from JP¥29.44 in 2Q 2023). Revenue: JP¥29.7b (up 13% from 2Q 2023). Net income: JP¥1.97b (down 23% from 2Q 2023). Profit margin: 6.6% (down from 9.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.New Risk • Oct 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% 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 Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (6.0% net profit margin).お知らせ • Sep 24YONEX Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023YONEX Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023Upcoming Dividend • Sep 21Upcoming dividend of JP¥7.00 per share at 0.9% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.4%).Price Target Changed • Aug 17Price target decreased by 12% to JP¥1,800Down from JP¥2,035, the current price target is provided by 1 analyst. New target price is 39% above last closing price of JP¥1,298. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥95.06 for next year compared to JP¥84.04 last year.New Risk • Aug 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 9.6% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥27.81 (vs JP¥34.67 in 1Q 2023)First quarter 2024 results: EPS: JP¥27.81 (down from JP¥34.67 in 1Q 2023). Revenue: JP¥28.0b (up 18% from 1Q 2023). Net income: JP¥2.42b (down 20% from 1Q 2023). Profit margin: 8.7% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 24YONEX Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023YONEX Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023Reported Earnings • May 15Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥84.04 (up from JP¥66.11 in FY 2022). Revenue: JP¥107.0b (up 44% from FY 2022). Net income: JP¥7.33b (up 27% from FY 2022). Profit margin: 6.9% (down from 7.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.お知らせ • May 12+ 2 more updatesYONEX Co., Ltd. Announces Dividend for the Year Ended March 31, 2023, Payable on June 26, 2023; Provides Dividend Guidance for the Second Quarter End of the Fiscal Ending March 31, 2024YONEX Co., Ltd. announced dividend for the year ended March 31, 2023. For the year, the company announced dividend of JPY 7.00 per share against a dividend of JPY 5.00 per share paid a year ago. Payable on June 26, 2023.For the second quarter end of fiscal year 2024, the company provided dividend guidance of JPY 7.00 per share against a dividend of JPY 6.00 per share paid a year ago.お知らせ • May 11YONEX Co., Ltd., Annual General Meeting, Jun 23, 2023YONEX Co., Ltd., Annual General Meeting, Jun 23, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per share at 0.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 24 June 2023. Payout ratio is a comfortable 9.4% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.4%).Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥12.70 (vs JP¥19.89 in 3Q 2022)Third quarter 2023 results: EPS: JP¥12.70 (down from JP¥19.89 in 3Q 2022). Revenue: JP¥29.5b (up 54% from 3Q 2022). Net income: JP¥1.11b (down 36% from 3Q 2022). Profit margin: 3.8% (down from 9.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 08+ 1 more updateYONEX Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023YONEX Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the period, the company expects Net sales of JPY 106,000 million, Operating profit of JPY 10,000 million, Profit attributable to owners of parent of JPY 7,200 million and Earnings per share of JPY 82.62.Buying Opportunity • Jan 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be JP¥1,448, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 76%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 2.7% in the next 2 years.お知らせ • Dec 26YONEX Co., Ltd. to Report Q3, 2023 Results on Feb 08, 2023YONEX Co., Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023Buying Opportunity • Dec 01Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥1,704, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 76%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 0.4% in the next 2 years.Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥29.44 (vs JP¥27.38 in 2Q 2022)Second quarter 2023 results: EPS: JP¥29.44 (up from JP¥27.38 in 2Q 2022). Revenue: JP¥26.4b (up 42% from 2Q 2022). Net income: JP¥2.57b (up 7.2% from 2Q 2022). Profit margin: 9.7% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Leisure industry in Japan. 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 27% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target increased to JP¥1,800Up from JP¥1,650, the current price target is an average from 2 analysts. New target price is 37% above last closing price of JP¥1,314. Stock is up 46% over the past year. The company is forecast to post earnings per share of JP¥86.87 for next year compared to JP¥66.10 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent External Director Mike Morizumi was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 15YONEX Co., Ltd. (TSE:7906) announces an Equity Buyback for 220,000 shares, representing 0.25% for ¥294.36 million.YONEX Co., Ltd. (TSE:7906) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 0.25% of its issued share capital for ¥294.36 million. The shares will be repurchased at a price ¥1,338 per share. The purpose of the program is to carry out agile capital policies in response to changes in the business environment. As of October 31, 2022, the company had 87,347,830 shares issued (excluding treasury stock) and 6,272,970 shares in treasury.Reported Earnings • Nov 11Second quarter 2023 earnings released: EPS: JP¥29.44 (vs JP¥27.38 in 2Q 2022)Second quarter 2023 results: EPS: JP¥29.44 (up from JP¥27.38 in 2Q 2022). Revenue: JP¥26.4b (up 42% from 2Q 2022). Net income: JP¥2.57b (up 7.2% from 2Q 2022). Profit margin: 9.7% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Leisure industry in Japan. 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 29% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 10+ 2 more updatesYONEX Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023YONEX Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. FOr the year, the company announced dividend of JPY 5.00 per share.お知らせ • Sep 30YONEX Co., Ltd. to Report Q2, 2023 Results on Nov 09, 2022YONEX Co., Ltd. announced that they will report Q2, 2023 results on Nov 09, 2022Upcoming Dividend • Sep 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 6.7% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.2%).Major Estimate Revision • Aug 24Consensus revenue estimates increase by 15%The consensus outlook for revenues in 2023 has improved. 2023 revenue forecast increased from JP¥86.2b to JP¥99.0b. EPS estimate increased from JP¥67.65 to JP¥87.10 per share. Net income forecast to shrink 5.0% next year vs 9.7% decline forecast for Leisure industry in Japan. Consensus price target up from JP¥1,650 to JP¥1,800. Share price was steady at JP¥1,591 over the past week.業績と収益の成長予測TSE:7906 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2029220,03217,49512,39218,39213/31/2028198,53714,5548,52114,86443/31/2027182,91513,7267,71013,61133/31/2026163,64312,092-3429,485N/A12/31/2025156,99210,952N/AN/AN/A9/30/2025150,86611,5373,45413,018N/A6/30/2025147,06512,031N/AN/AN/A3/31/2025138,27610,5917,02812,978N/A12/31/2024133,02811,829N/AN/AN/A9/30/2024125,6599,8886,01914,900N/A6/30/2024119,5179,232N/AN/AN/A3/31/2024116,4428,8595,01412,489N/A12/31/2023112,5596,907N/AN/AN/A9/30/2023114,6526,132-1,8722,889N/A6/30/2023111,3176,730N/AN/AN/A3/31/2023107,0197,331-1,3402,989N/A12/31/2022100,1427,402N/AN/AN/A9/30/202289,7898,0315,9908,311N/A6/30/202282,0017,858N/AN/AN/A3/31/202274,4855,7805,7337,430N/A12/31/202169,8145,894N/AN/AN/A9/30/202164,2494,5195,8357,055N/A6/30/202159,5333,327N/AN/AN/A3/31/202151,5541,1023,5014,537N/A12/31/202051,093880N/AN/AN/A9/30/202052,2404101,6713,097N/A6/30/202055,476327N/AN/AN/A3/31/202061,9671,6521,4712,967N/A12/31/201962,9331,659N/AN/AN/A9/30/201962,3331,465N/A3,841N/A6/30/201961,3301,162N/AN/AN/A3/31/201961,0971,722N/A2,283N/A12/31/201860,7401,935N/AN/AN/A9/30/201860,5401,978N/A2,676N/A6/30/201860,7301,920N/AN/AN/A3/31/201862,1881,862N/A2,783N/A12/31/201762,0042,364N/AN/AN/A9/30/201761,9442,897N/A1,930N/A6/30/201761,6602,989N/AN/AN/A3/31/201761,0423,037N/A3,241N/A12/31/201660,9572,299N/AN/AN/A9/30/201660,2712,592N/A4,853N/A6/30/201657,7812,471N/AN/AN/A3/31/201654,1592,227N/A3,638N/A12/31/201550,7482,048N/AN/AN/A9/30/201549,0491,570N/A678N/A6/30/201547,6711,673N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 7906の予測収益成長率 (年間11% ) は 貯蓄率 ( 0.8% ) を上回っています。収益対市場: 7906の収益 ( 11% ) はJP市場 ( 8.7% ) よりも速いペースで成長すると予測されています。高成長収益: 7906の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 7906の収益 ( 9.4% ) JP市場 ( 5.5% ) よりも速いペースで成長すると予測されています。高い収益成長: 7906の収益 ( 9.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 7906の 自己資本利益率 は、3年後には低くなると予測されています ( 15.8 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance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2026/05/27 23:34終値2026/05/27 00:00収益2026/03/31年間収益2026/03/31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YONEX Co., Ltd. 4 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。5 アナリスト機関null nullDaiwa Securities Co. Ltd.Naoki FurukawaGoldman SachsMasatoshi NagataIchiyoshi Research Institute Inc.2 その他のアナリストを表示
分析記事 • Feb 12YONEX Co., Ltd. (TSE:7906) Analysts Are Pretty Bullish On The Stock After Recent ResultsInvestors in YONEX Co., Ltd. ( TSE:7906 ) had a good week, as its shares rose 9.1% to close at JP¥3,605 following the...
Price Target Changed • Jan 16Price target increased by 18% to JP¥4,100Up from JP¥3,467, the current price target is an average from 2 analysts. New target price is 23% above last closing price of JP¥3,345. Stock is up 70% over the past year. The company is forecast to post earnings per share of JP¥143 for next year compared to JP¥123 last year.
Price Target Changed • Jun 10Price target increased by 17% to JP¥2,800Up from JP¥2,393, the current price target is an average from 3 analysts. New target price is 5.2% below last closing price of JP¥2,955. Stock is up 59% over the past year. The company is forecast to post earnings per share of JP¥131 for next year compared to JP¥123 last year.
Price Target Changed • May 27Price target increased by 10% to JP¥2,493Up from JP¥2,260, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,570. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥127 for next year compared to JP¥123 last year.
Price Target Changed • Nov 27Price target increased by 7.6% to JP¥2,260Up from JP¥2,100, the current price target is an average from 3 analysts. New target price is 15% above last closing price of JP¥1,968. Stock is up 43% over the past year. The company is forecast to post earnings per share of JP¥115 for next year compared to JP¥102 last year.
Price Target Changed • Jun 06Price target increased by 11% to JP¥1,867Up from JP¥1,675, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥1,811. Stock is up 37% over the past year. The company is forecast to post earnings per share of JP¥106 for next year compared to JP¥102 last year.
分析記事 • May 19YONEX's (TSE:7906) Profits May Not Reveal Underlying IssuesThe recent earnings posted by YONEX Co., Ltd. ( TSE:7906 ) were solid, but the stock didn't move as much as we...
Reported Earnings • May 13Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥141 (up from JP¥123 in FY 2025). Revenue: JP¥163.6b (up 18% from FY 2025). Net income: JP¥12.1b (up 14% from FY 2025). Profit margin: 7.4% (down from 7.7% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year.
お知らせ • May 12YONEX Co., Ltd., Annual General Meeting, Jun 24, 2026YONEX Co., Ltd., Annual General Meeting, Jun 24, 2026.
お知らせ • May 10YONEX Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026YONEX Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%).
Buy Or Sell Opportunity • Mar 19Now 22% undervaluedOver the last 90 days, the stock has risen 1.6% to JP¥3,265. The fair value is estimated to be JP¥4,210, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
分析記事 • Feb 12YONEX Co., Ltd. (TSE:7906) Analysts Are Pretty Bullish On The Stock After Recent ResultsInvestors in YONEX Co., Ltd. ( TSE:7906 ) had a good week, as its shares rose 9.1% to close at JP¥3,605 following the...
Reported Earnings • Feb 11Third quarter 2026 earnings released: EPS: JP¥37.86 (vs JP¥44.51 in 3Q 2025)Third quarter 2026 results: EPS: JP¥37.86 (down from JP¥44.51 in 3Q 2025). Revenue: JP¥40.9b (up 18% from 3Q 2025). Net income: JP¥3.24b (down 15% from 3Q 2025). Profit margin: 7.9% (down from 11% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Jan 16Price target increased by 18% to JP¥4,100Up from JP¥3,467, the current price target is an average from 2 analysts. New target price is 23% above last closing price of JP¥3,345. Stock is up 70% over the past year. The company is forecast to post earnings per share of JP¥143 for next year compared to JP¥123 last year.
お知らせ • Dec 25YONEX Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026YONEX Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026
Declared Dividend • Dec 09First half dividend of JP¥12.00 announcedShareholders will receive a dividend of JP¥12.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 59%.
分析記事 • Nov 17We Think You Should Be Aware Of Some Concerning Factors In YONEX's (TSE:7906) EarningsThe stock price didn't jump after YONEX Co., Ltd. ( TSE:7906 ) posted decent earnings last week. We think that...
Reported Earnings • Nov 08Second quarter 2026 earnings released: EPS: JP¥24.96 (vs JP¥30.35 in 2Q 2025)Second quarter 2026 results: EPS: JP¥24.96 (down from JP¥30.35 in 2Q 2025). Revenue: JP¥39.7b (up 11% from 2Q 2025). Net income: JP¥2.13b (down 19% from 2Q 2025). Profit margin: 5.4% (down from 7.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 25YONEX Co., Ltd. to Report Q2, 2026 Results on Nov 07, 2025YONEX Co., Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025
Upcoming Dividend • Sep 22Upcoming dividend of JP¥12.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%).
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 34%After last week's 34% share price gain to JP¥4,150, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 13x in the Leisure industry in Japan. Total returns to shareholders of 178% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,970 per share.
分析記事 • Aug 12YONEX Co., Ltd. (TSE:7906) Stock Rockets 26% As Investors Are Less Pessimistic Than ExpectedYONEX Co., Ltd. ( TSE:7906 ) shares have continued their recent momentum with a 26% gain in the last month alone...
Buy Or Sell Opportunity • Aug 12Now 27% overvalued after recent price riseOver the last 90 days, the stock has risen 52% to JP¥3,790. The fair value is estimated to be JP¥2,992, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 4.1% per annum over the same time period.
Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥49.59 (vs JP¥32.33 in 1Q 2025)First quarter 2026 results: EPS: JP¥49.59 (up from JP¥32.33 in 1Q 2025). Revenue: JP¥39.9b (up 28% from 1Q 2025). Net income: JP¥4.24b (up 52% from 1Q 2025). Profit margin: 11% (up from 9.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year.
分析記事 • Aug 07Here's Why We Think YONEX (TSE:7906) Is Well Worth WatchingIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Board Change • Jul 25Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Duncan Ryuken Williams was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • Jul 09Final dividend of JP¥12.00 announcedShareholders will receive a dividend of JP¥12.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 29%.
分析記事 • Jul 02Estimating The Fair Value Of YONEX Co., Ltd. (TSE:7906)Key Insights YONEX's estimated fair value is JP¥3,268 based on 2 Stage Free Cash Flow to Equity YONEX's JP¥2,990 share...
お知らせ • Jun 25YONEX Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025YONEX Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025
分析記事 • Jun 12There's Reason For Concern Over YONEX Co., Ltd.'s (TSE:7906) Massive 28% Price JumpYONEX Co., Ltd. ( TSE:7906 ) shareholders have had their patience rewarded with a 28% share price jump in the last...
分析記事 • Jun 11Returns At YONEX (TSE:7906) Are On The Way UpIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Price Target Changed • Jun 10Price target increased by 17% to JP¥2,800Up from JP¥2,393, the current price target is an average from 3 analysts. New target price is 5.2% below last closing price of JP¥2,955. Stock is up 59% over the past year. The company is forecast to post earnings per share of JP¥131 for next year compared to JP¥123 last year.
Price Target Changed • May 27Price target increased by 10% to JP¥2,493Up from JP¥2,260, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,570. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥127 for next year compared to JP¥123 last year.
Reported Earnings • May 10Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥123 (up from JP¥102 in FY 2024). Revenue: JP¥138.3b (up 19% from FY 2024). Net income: JP¥10.6b (up 20% from FY 2024). Profit margin: 7.7% (up from 7.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 09YONEX Co., Ltd., Annual General Meeting, Jun 25, 2025YONEX Co., Ltd., Annual General Meeting, Jun 25, 2025.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,988, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Leisure industry in Japan. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,245 per share.
分析記事 • Apr 03Here's Why YONEX (TSE:7906) Has Caught The Eye Of InvestorsFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
お知らせ • Mar 25YONEX Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025YONEX Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.8%).
分析記事 • Mar 20Calculating The Fair Value Of YONEX Co., Ltd. (TSE:7906)Key Insights Using the 2 Stage Free Cash Flow to Equity, YONEX fair value estimate is JP¥2,615 With JP¥2,367 share...
分析記事 • Feb 14YONEX Co., Ltd.'s (TSE:7906) 26% Share Price Surge Not Quite Adding UpYONEX Co., Ltd. ( TSE:7906 ) shareholders would be excited to see that the share price has had a great month, posting a...
Reported Earnings • Feb 08Third quarter 2025 earnings released: EPS: JP¥44.51 (vs JP¥22.15 in 3Q 2024)Third quarter 2025 results: EPS: JP¥44.51 (up from JP¥22.15 in 3Q 2024). Revenue: JP¥34.8b (up 27% from 3Q 2024). Net income: JP¥3.82b (up 103% from 3Q 2024). Profit margin: 11% (up from 6.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jan 24These 4 Measures Indicate That YONEX (TSE:7906) Is Using Debt SafelyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Buy Or Sell Opportunity • Jan 22Now 21% undervaluedOver the last 90 days, the stock has risen 3.0% to JP¥2,057. The fair value is estimated to be JP¥2,606, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period.
分析記事 • Jan 10YONEX (TSE:7906) Will Pay A Dividend Of ¥10.00YONEX Co., Ltd. ( TSE:7906 ) has announced that it will pay a dividend of ¥10.00 per share on the 26th of June. Even...
お知らせ • Jan 03YONEX Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025YONEX Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025
分析記事 • Dec 27YONEX (TSE:7906) Will Pay A Dividend Of ¥10.00YONEX Co., Ltd.'s ( TSE:7906 ) investors are due to receive a payment of ¥10.00 per share on 26th of June. Even though...
分析記事 • Dec 12YONEX (TSE:7906) Has Announced A Dividend Of ¥10.00The board of YONEX Co., Ltd. ( TSE:7906 ) has announced that it will pay a dividend of ¥10.00 per share on the 26th of...
Declared Dividend • Dec 07First half dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Nov 27Price target increased by 7.6% to JP¥2,260Up from JP¥2,100, the current price target is an average from 3 analysts. New target price is 15% above last closing price of JP¥1,968. Stock is up 43% over the past year. The company is forecast to post earnings per share of JP¥115 for next year compared to JP¥102 last year.
お知らせ • Nov 15YONEX Co., Ltd. (TSE:7906) announces an Equity Buyback for 1,184,000 shares, for ¥2,399.97 million.YONEX Co., Ltd. (TSE:7906) announces a share repurchase program. Under the program, the company will repurchase up to 1,184,000 shares, representing 1.27% of its issued share capital, for ¥2,399.97 million. The repurchases will be made at a price of ¥2,027 per share. The purpose of the buyback is to implement flexible capital policies in response to changes in the business environment. The program will expire on November 15, 2024. As of October 31, 2024, the company had 92,870,800 issued shares excluding treasury shares and 6,245,230 treasury shares.
New Risk • Nov 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥30.35 (vs JP¥22.61 in 2Q 2024)Second quarter 2025 results: EPS: JP¥30.35 (up from JP¥22.61 in 2Q 2024). Revenue: JP¥35.9b (up 21% from 2Q 2024). Net income: JP¥2.63b (up 33% from 2Q 2024). Profit margin: 7.3% (up from 6.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 25YONEX Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024YONEX Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024
Upcoming Dividend • Sep 20Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.5%).
Reported Earnings • Aug 13First quarter 2025 earnings released: EPS: JP¥32.33 (vs JP¥27.81 in 1Q 2024)First quarter 2025 results: EPS: JP¥32.33 (up from JP¥27.81 in 1Q 2024). Revenue: JP¥31.1b (up 11% from 1Q 2024). Net income: JP¥2.80b (up 15% from 1Q 2024). Profit margin: 9.0% (up from 8.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Jul 11Final dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 26YONEX Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024YONEX Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024
Price Target Changed • Jun 06Price target increased by 11% to JP¥1,867Up from JP¥1,675, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥1,811. Stock is up 37% over the past year. The company is forecast to post earnings per share of JP¥106 for next year compared to JP¥102 last year.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥1,792, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Leisure industry in Japan. Total returns to shareholders of 186% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,959 per share.
お知らせ • May 23+ 1 more updateYonex Co., Ltd. Provides Dividend Guidance for the Second Quarter End and Year End of Fiscal Year Ending March 31, 2025YONEX Co., Ltd. provided dividend guidance for the second quarter end and year end of fiscal year ending March 31, 2025. For the second quarter end, the company expects a dividend of JPY 10.00 per share against JPY 7.00 per share paid a year ago. For the year-end, the company expects a dividend of JPY 10.00 per share.
Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 28%After last week's 28% share price gain to JP¥1,566, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Leisure industry in Japan. Total returns to shareholders of 181% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,154 per share.
Buy Or Sell Opportunity • May 13Now 33% overvalued after recent price riseOver the last 90 days, the stock has risen 32% to JP¥1,521. The fair value is estimated to be JP¥1,144, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period.
Reported Earnings • May 12Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥102 (up from JP¥84.04 in FY 2023). Revenue: JP¥116.4b (up 8.8% from FY 2023). Net income: JP¥8.86b (up 21% from FY 2023). Profit margin: 7.6% (up from 6.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 29% per year.
お知らせ • May 11YONEX Co., Ltd. Proposes Dividend for the Year Ended March 31, 2024YONEX Co., Ltd. Proposed dividend for the year ended March 31, 2024. For the year, the company announced dividend of JPY 9.00 per share against a dividend of JPY 7.00 per share paid a year ago. Payable on June 26, 2024. Record date March 31, 2024.
お知らせ • Apr 23YONEX Co., Ltd., Annual General Meeting, Jun 25, 2024YONEX Co., Ltd., Annual General Meeting, Jun 25, 2024.
お知らせ • Mar 23YONEX Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024YONEX Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.8%).
Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥22.15 (vs JP¥12.70 in 3Q 2023)Third quarter 2024 results: EPS: JP¥22.15 (up from JP¥12.70 in 3Q 2023). Revenue: JP¥27.4b (down 7.1% from 3Q 2023). Net income: JP¥1.88b (up 70% from 3Q 2023). Profit margin: 6.9% (up from 3.8% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jan 22Now 20% overvaluedOver the last 90 days, the stock has fallen 21% to JP¥1,247. The fair value is estimated to be JP¥1,039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.
お知らせ • Dec 24YONEX Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024YONEX Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024
お知らせ • Nov 15YONEX Co., Ltd. (TSE:7906) announces an Equity Buyback for 780,000 shares, for ¥1,103.7 million.YONEX Co., Ltd. (TSE:7906) announces a share repurchase program. Under the program, the company will repurchase up to 780,000 shares, representing 0.83% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,103.7 million. The shares will be repurchased at a price of ¥1,415 per share. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. As of October 31, 2023, the company had 93,620,800 issued shares (excluding treasury stock) and 6,351,256 treasury shares.
New Risk • Nov 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin). Shareholders have been diluted in the past year (6.6% increase in shares outstanding).
Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥22.61 (vs JP¥29.44 in 2Q 2023)Second quarter 2024 results: EPS: JP¥22.61 (down from JP¥29.44 in 2Q 2023). Revenue: JP¥29.7b (up 13% from 2Q 2023). Net income: JP¥1.97b (down 23% from 2Q 2023). Profit margin: 6.6% (down from 9.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% 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 Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (6.0% net profit margin).
お知らせ • Sep 24YONEX Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023YONEX Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023
Upcoming Dividend • Sep 21Upcoming dividend of JP¥7.00 per share at 0.9% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.4%).
Price Target Changed • Aug 17Price target decreased by 12% to JP¥1,800Down from JP¥2,035, the current price target is provided by 1 analyst. New target price is 39% above last closing price of JP¥1,298. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥95.06 for next year compared to JP¥84.04 last year.
New Risk • Aug 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 9.6% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥27.81 (vs JP¥34.67 in 1Q 2023)First quarter 2024 results: EPS: JP¥27.81 (down from JP¥34.67 in 1Q 2023). Revenue: JP¥28.0b (up 18% from 1Q 2023). Net income: JP¥2.42b (down 20% from 1Q 2023). Profit margin: 8.7% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 24YONEX Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023YONEX Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023
Reported Earnings • May 15Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥84.04 (up from JP¥66.11 in FY 2022). Revenue: JP¥107.0b (up 44% from FY 2022). Net income: JP¥7.33b (up 27% from FY 2022). Profit margin: 6.9% (down from 7.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
お知らせ • May 12+ 2 more updatesYONEX Co., Ltd. Announces Dividend for the Year Ended March 31, 2023, Payable on June 26, 2023; Provides Dividend Guidance for the Second Quarter End of the Fiscal Ending March 31, 2024YONEX Co., Ltd. announced dividend for the year ended March 31, 2023. For the year, the company announced dividend of JPY 7.00 per share against a dividend of JPY 5.00 per share paid a year ago. Payable on June 26, 2023.For the second quarter end of fiscal year 2024, the company provided dividend guidance of JPY 7.00 per share against a dividend of JPY 6.00 per share paid a year ago.
お知らせ • May 11YONEX Co., Ltd., Annual General Meeting, Jun 23, 2023YONEX Co., Ltd., Annual General Meeting, Jun 23, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per share at 0.8% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 24 June 2023. Payout ratio is a comfortable 9.4% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.4%).
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥12.70 (vs JP¥19.89 in 3Q 2022)Third quarter 2023 results: EPS: JP¥12.70 (down from JP¥19.89 in 3Q 2022). Revenue: JP¥29.5b (up 54% from 3Q 2022). Net income: JP¥1.11b (down 36% from 3Q 2022). Profit margin: 3.8% (down from 9.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 08+ 1 more updateYONEX Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023YONEX Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the period, the company expects Net sales of JPY 106,000 million, Operating profit of JPY 10,000 million, Profit attributable to owners of parent of JPY 7,200 million and Earnings per share of JPY 82.62.
Buying Opportunity • Jan 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be JP¥1,448, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 76%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 2.7% in the next 2 years.
お知らせ • Dec 26YONEX Co., Ltd. to Report Q3, 2023 Results on Feb 08, 2023YONEX Co., Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023
Buying Opportunity • Dec 01Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥1,704, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 76%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 0.4% in the next 2 years.
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥29.44 (vs JP¥27.38 in 2Q 2022)Second quarter 2023 results: EPS: JP¥29.44 (up from JP¥27.38 in 2Q 2022). Revenue: JP¥26.4b (up 42% from 2Q 2022). Net income: JP¥2.57b (up 7.2% from 2Q 2022). Profit margin: 9.7% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Leisure industry in Japan. 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 27% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target increased to JP¥1,800Up from JP¥1,650, the current price target is an average from 2 analysts. New target price is 37% above last closing price of JP¥1,314. Stock is up 46% over the past year. The company is forecast to post earnings per share of JP¥86.87 for next year compared to JP¥66.10 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent External Director Mike Morizumi was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 15YONEX Co., Ltd. (TSE:7906) announces an Equity Buyback for 220,000 shares, representing 0.25% for ¥294.36 million.YONEX Co., Ltd. (TSE:7906) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 0.25% of its issued share capital for ¥294.36 million. The shares will be repurchased at a price ¥1,338 per share. The purpose of the program is to carry out agile capital policies in response to changes in the business environment. As of October 31, 2022, the company had 87,347,830 shares issued (excluding treasury stock) and 6,272,970 shares in treasury.
Reported Earnings • Nov 11Second quarter 2023 earnings released: EPS: JP¥29.44 (vs JP¥27.38 in 2Q 2022)Second quarter 2023 results: EPS: JP¥29.44 (up from JP¥27.38 in 2Q 2022). Revenue: JP¥26.4b (up 42% from 2Q 2022). Net income: JP¥2.57b (up 7.2% from 2Q 2022). Profit margin: 9.7% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Leisure industry in Japan. 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 29% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 10+ 2 more updatesYONEX Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023YONEX Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. FOr the year, the company announced dividend of JPY 5.00 per share.
お知らせ • Sep 30YONEX Co., Ltd. to Report Q2, 2023 Results on Nov 09, 2022YONEX Co., Ltd. announced that they will report Q2, 2023 results on Nov 09, 2022
Upcoming Dividend • Sep 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 6.7% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.2%).
Major Estimate Revision • Aug 24Consensus revenue estimates increase by 15%The consensus outlook for revenues in 2023 has improved. 2023 revenue forecast increased from JP¥86.2b to JP¥99.0b. EPS estimate increased from JP¥67.65 to JP¥87.10 per share. Net income forecast to shrink 5.0% next year vs 9.7% decline forecast for Leisure industry in Japan. Consensus price target up from JP¥1,650 to JP¥1,800. Share price was steady at JP¥1,591 over the past week.