Interim report
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Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) August 10 , 2026 Company name : Yonex Co. , Ltd. Listing : Tokyo Stock Exchange Securities code : 7906 URL : https://www.yonex.co.jp Representative : Inquiries : Telephone : 03-3839-7112 President Executive Managing Director Scheduled date to commence dividend payments : Preparation of supplementary material on financial results : Holding of financial results briefing : Alyssa Yoneyama Shuichi Yoneyama Yes None ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the three months ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Profit attributable to Net sales Operating profit Ordinary profit owners of parent Three months ended Millions of yen % June 30 , 2026 June 30 , 2025 45,468 39,856 14.1 28.3 Millions of yen 6,867 6,277 % Millions of yen % Millions of yen % 9.4 89.1 7,096 19.2 5,590 31.9 5,954 59.4 4,237 51.5 Basic earnings per share Diluted earnings per share Three months ended Yen Yen June 30 , 2026 June 30 , 2025 65.34 49.60 ( 2 ) Consolidated financial position As of June 30 , 2026 March 31 , 2026 Total assets Millions of yen 133,453 128,620 Net assets Equity - to - asset ratio Millions of yen % 85,654 64.0 80,740 62.6
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2. Cash dividends Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended March 31, 2026 － 12.00 － 13.00 25.00 Fiscal year ending March 31, 2027 － Fiscal year ending March 31, 2027 (Forecast) 14.00 － 14.00 28.00 Note: Revisions to the forecast of cash dividends most recently announced: None 3. Forecast of consolidated financial results for the year ending March 31, 2027 (from April 1, 2026 to March 31, 2027) (Percentages indicate year-on-year changes) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Six months ending September 30, 2026 90,500 13.8 10,500 18.7 10,800 31.7 8,100 27.1 94.68 Full year 181,000 10.6 18,900 14.2 19,100 17.1 14,200 17.4 165.98 Note: Revisions to the forecast of consolidated financial results most recently announced: Yes
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* Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 92,870,800shares As of March 31, 2026 92,870,800shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 7,318,047shares As of March 31, 2026 7,319,247shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026 85,551,853shares Three months ended June 30, 2025 85,443,385shares * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None * Proper use of earnings forecasts, and other special matters The earnings forecasts and other forward-looking statements herein are based on information currently available and certain assumptions deemed reasonable by the Company, and actual results may differ significantly from these forecasts due to various factors. Presentation documents on the financial results will be posted on the Company's website on August 10, 2026.
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Quarterly consolidated financial statements Consolidated balance sheets (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 34,312 33,646 Notes and accounts receivable - trade 22,655 24,370 Merchandise and finished goods 17,336 20,078 Work in process 2,988 3,121 Raw materials and supplies 3,870 4,380 Other 4,617 5,672 Allowance for doubtful accounts (87) (147) Total current assets 85,693 91,122 Non-current assets Property, plant and equipment Buildings, net 12,877 12,692 Land 15,114 15,079 Other, net 9,431 9,854 Total property, plant and equipment 37,423 37,627 Intangible assets Software 1,213 1,086 Software in progress 223 458 Other 14 14 Total intangible assets 1,452 1,559 Investments and other assets Investment securities 151 163 Long-term time deposits 440 － Deferred tax assets 2,615 2,115 Other 846 868 Allowance for doubtful accounts (1) (2) Total investments and other assets 4,050 3,144 Total non-current assets 42,926 42,330 Total assets 128,620 133,453
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Accounts payable - trade 11,115 10,658 Accounts payable - other 4,578 5,339 Current portion of long-term borrowings 1,322 1,318 Income taxes payable 1,412 1,884 Accrued consumption taxes 7 3 Provision for bonuses 2,496 1,279 Provision for bonuses for directors (and other officers) 71 14 Provision for point card certificates 7 7 Other 5,595 5,806 Total current liabilities 26,607 26,313 Non-current liabilities Long-term borrowings 15,018 15,170 Retirement benefit liability 2,721 2,692 Provision for share awards 163 190 Asset retirement obligations 159 162 Long-term guarantee deposits 2,006 2,014 Other 1,203 1,254 Total non-current liabilities 21,273 21,485 Total liabilities 47,880 47,798 Net assets Shareholders' equity Share capital 4,706 4,706 Capital surplus 8,033 8,033 Retained earnings 67,191 71,666 Treasury shares (4,998) (4,997) Total shareholders' equity 74,932 79,409 Accumulated other comprehensive income Valuation difference on available -for-sale securities 33 41 Foreign currency translation adjustment 5,690 6,105 Remeasurements of defined benefit plans (163) (151) Total accumulated other comprehensive income 5,560 5,995 Non-controlling interests 247 249 Total net assets 80,740 85,654 Total liabilities and net assets 128,620 133,453
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative) (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Net sales 39,856 45,468 Cost of sales 21,033 24,579 Gross profit 18,823 20,888 Selling, general and administrative expenses 12,546 14,021 Operating profit 6,277 6,867 Non-operating income Interest income 29 32 Rental income 5 37 Foreign exchange gains － 246 Other 18 37 Total non-operating income 54 354 Non-operating expenses Interest expenses 54 97 Commission expenses 1 0 Foreign exchange losses 313 － Other 6 27 Total non-operating expenses 376 125 Ordinary profit 5,954 7,096 Extraordinary income National subsidies － 992 Total extraordinary income － 992 Profit before income taxes 5,954 8,088 Income taxes - current 1,557 1,972 Income taxes - deferred 154 517 Total income taxes 1,711 2,489 Profit 4,242 5,598 Profit attributable to non-controlling interests 4 8 Profit attributable to owners of parent 4,237 5,590
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Consolidated statements of comprehensive income (cumulative) (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 4,242 5,598 Other comprehensive income Valuation difference on available -for-sale securities (13) 8 Foreign currency translation adjustment (1,395) 409 Remeasurements of defined benefit plans, net of tax 30 12 Total other comprehensive income (1,378) 429 Comprehensive income 2,864 6,028 Comprehensive income attributable to Comprehensive income attributable to owners of parent 2,868 6,025 Comprehensive income attributable to non - controlling interests (4) 2