Yonex Net Declines through Six Months
Comprehensive net income dipped 9% in the racquet sports and golf brand’s fiscal first half to ¥929 million ($8.7 mm) from ¥1,026 million on sales of ¥31,821 million ($296.5 mm), up 4% from ¥30,585 last year. Excluding comprehensive items, net was off 18% to ¥1,169. Gross margin narrowed by 20 basis points to 43.0% and SG&A was up ¥500 million or 10 b.p. as a share of revenue on ... Log in to view full article.