Yonex Profits Slump, but Sales Remain Strong in Q2
Profits were down 23% in fiscal Q2 ended Sep. 30 to ¥1,972 million ($13.6 mm) from ¥2,570 million, as revenues increased 13% to ¥29,733 million ($205.8 mm) from ¥26,398 million last year. North America grew by 4% to ¥1,328 million ($9.2 mm), driven by strong demand from badminton, offset by declining sales in tennis due to a bloated inventory environment. The home Japan market inched up 1% to ¥ 13,104 million, Rest of Asia grew 26% to ... Log in to view full article.
