Yonex had Strong Year, but Struggled in Q4
Net income improved 20% at the Japanese racquet sports and golf brand to ¥10,591 million ($69.4 mm) against ¥8,859 million as the Paris Olympics and other international tournaments sent revenues up 19% to a record high ¥138,276 million ($906.2 mm) from ¥116,442 million for the fiscal year ended Mar. 31. There was strong demand across most categories, as badminton sales grew 17%, tennis was up 9%, while apparel and accessories increased 34%, but the small golf segment was down 13%. North America tennis sales increased, particularly racquets and strings, resulting in ... Log in to view full article.