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Article Date: June 2023
Word Count: 300

Honma Profits Slip as Sales Inch Higher


The bottom line decreased 47% at the high-end Japanese golf brand for the fiscal year ended Mar. 31, tallying ¥3,255.6 million ($24.8 mm) compared to ¥6,191.2 million, as sales posted a 2% gain to ¥29,495.0 million ($224.5 mm) from ¥28,971.1 million. New product development and improved merchandise planning boosted club sales 3% to ¥21,512.9 million and apparel by 2% to ¥3,009.1 million. Ball sales were down 1% to ¥2,942.3 million on continued raw material challenges. Accessories dropped 7% to ¥2,030.7 million, dinged ... Log in to view full article.

 


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