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Article Date: June 2022
Word Count: 248

Honma Golf’s Profits Soar in FY22


The high-end Japanese golf brand said profits more than tripled to ¥6,191.2 million ($53.3 mm) for the year ended Mar. 31 from ¥1,859.1 million last year, as sales jumped 27% to ¥28,971.1 million ($249.3 mm) from ¥22,735.1 million. The top line benefitted from the global golf participation boom, Revenues grew in every category, as club sales increased 24% to ¥20,843.1 million driven by the Beres and Tour World product lines. Ball sales were up 12% to ¥2,974.1 million, sales of the re-launched apparel line were 72% higher at ¥2,963.4 million, and accessories increased 43% to ¥2,190.5 million.

 

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