Yonex Sets Record Revenues to Finish Year
Net income grew 21% at the Japanese racquet sports and golf brand to ¥116,442 million ($59.7 mm) against ¥7,331 million as the weakened yen helped revenues grow 9% to a record high ¥116,442 million ($785.0 mm) from ¥107,019 million for the fiscal year ended Mar. 31. The resumption of various tournaments and an increase in general sports activities as well as grassroots sales promotions resulted in strong demand across most categories. Badminton sales improved 11%, but tennis inched down 1%, while apparel and accessories increased 11%, and the small golf ... Log in to view full article.