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Article Date: February 2018
Word Count: 120

Yonex Profit Doubles despite Margin Pressure

A ¥1.2 billion positive swing in comprehensive items, most of it from foreign exchange, boosted comprehensive net income to ¥1,283.1 million ($11.4 mm) from ¥650.2 million for the nine months ended Dec. 31, as revenues climbed 2% to ¥46,201.0 million ($409.2 mm) from ¥45,239.1 million. Gross margins contracted 330 basis points to 40.5% blamed on increased raw materials prices and ... Log in to view full article.


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