Yonex Raises Guidance after Blowout Quarter
Net income nearly quintupled to ¥1,737 million ($15.3 mm) from ¥363 million in fiscal Q3, on a 41% improvement in sales to ¥19,188 million ($168.8 million) against ¥13,622 million. North America is a small market for Yonex, but sales here soared 69% to ¥993 million ($8.7 mm) on strong tennis sales and some growth in badminton. Revenues in Japan were up just 8% to ¥8,471 million due to the state of emergency that wasn’t lifted until Oct. Rest of ... Log in to view full article.