Overview
Other Products

YONEX CO.,LTD.

YONEX is a leading sports equipment manufacturer specializing in badminton, tennis, soft tennis, and golf products, including rackets, clubs, shuttlecocks, strings, footwear, and apparel. The company manufactures and sells its proprietary branded products globally through consolidated subsidiaries and distributor networks across multiple countries. In addition to its core sports equipment business, YONEX operates sports facilities including golf courses and tennis clubs in Japan.

Market Cap
¥203B
US$1.29B
EV
¥188B
US$1.20B
Stock¥2,372▼-0.71%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.0
x
LTM EV/EBIT
10.9
x
LTM PER
15.1
x
LTM PBR
2.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-61.4%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 12, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
203BUS$1.29BMarket Cap18.3BUS$117M+ Debt33.6BUS$215M− Cash0.16BUS$1.04M− Inv. Sec.0.25BUS$1.59M+ NCI188BUS$1.20BEV
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Performance & Balance
Revenue 5Y (¥B)
74.5US$475M'22/3107US$683M'23/3116US$743M'24/3138US$882M'25/3164US$1.04B'26/3
EBITDA 5Y (¥B)
8.34US$53.2M'22/312.0US$76.8M'23/314.3US$91.1M'24/317.5US$111M'25/320.2US$129M'26/3
Net Income 5Y (¥B)
5.78US$36.9M'22/37.33US$46.8M'23/38.86US$56.5M'24/310.6US$67.5M'25/312.1US$77.1M'26/3
Capital Structure
82%
EquityD/E 0.21xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
18.1US$116M2.45US$15.6M'22/317.1US$109M5.14US$32.8M'23/323.8US$152M8.80US$56.1M'24/329.8US$190M11.2US$71.5M'25/334.5US$220M18.2US$116M'26/3
Shareholders
Top 10 hold 44.9%
1
Yonex Sports Promotion Foundation
11.06%
2
NATIONAL FINANCIAL SERVICES LLC (Standing Proxy: Citibank, N.A., Tokyo Branch)
6.77%
3
Shuichi YONEYAMA
4.93%
4
Niigata Prefecture Sports Promotion Minoru Yoneyama Foundation
4.66%
5
YONEX CO.,LTD. Business Partners' Stock Ownership Association
3.71%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.44%
7
Tsutomu YONEYAMA
2.97%
8
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.80%
9
Custody Bank of Japan, Ltd. (Trust Account)
2.29%
10
Hideaki YONEYAMA
2.24%
Management
11 officers
Alisa YONEYAMA
Representative Director, President and Executive Officer
Aug 2010 Project Coordinator, Japan Studies Center, East Asian Studies Center, University of California, Berkeley Jan 2014 Joined XYZ.COM LLC Jun 2014 Marketing Coordinator, XYZ.COM LLC Jun 2015 Marketing Manager, XYZ.COM LLC Mar 2016 Joined YONEX CORPORATION as Marketing Manager Jan 2018 Senior Marketing Manager, YONEX CORPORATION Jun 2019 Appointed Executive Officer; Deputy General Manager, Marketing Division Apr 2021 Director, YONEX CORPORATION (current) Jun 2021 Director; General Manager, Marketing Division; General Manager, Global Strategy Office Apr 2022 Representative Director, President (current); Executive Officer, President (current) Apr 2023 Director, YONEX SPORTS (CHINA) CO., LTD. (current); Director, YONEX TAIWAN CO., LTD. (current) Jan 2026 Director, YONEX U.K. LIMITED (current); Director, YONEX GmbH (current)
1987-06-28
Shuichi YONEYAMA
Managing Director, Managing Executive Officer; General Manager, General Affairs Division; President, Yonex Japan
Mar 1983 Joined the Company Jan 2000 General Manager, Development Department Jun 2005 Appointed Director Jun 2007 Appointed Managing Director (current); Overall Responsibility for Product Development; General Manager, Product Development Department Oct 2011 President, YONEX GmbH; Head of European Operations Jun 2013 Appointed Managing Executive Officer (current) May 2016 Deputy General Manager, Sales Division; Overall Responsibility for Overseas Sales; Director, YONEX CORPORATION; Director, YONEX TAIWAN CO., LTD. Apr 2017 Director, YONEX U.K. LIMITED Jun 2017 Overall Responsibility for General Affairs; General Manager, Legal Office Jun 2019 General Manager, General Affairs Division (current) Apr 2022 President, Yonex Japan (current)
1960-12-31
Yoshiyuki IWANO
Director, Executive Officer; General Manager, Production and Technology Division
Mar 1991 Joined the Company Apr 2014 General Manager, Technology Development Department No. 1, Niigata Production Division Apr 2016 Overall Responsibility for Technology Development; General Manager, Technology Development Department No. 1, Niigata Production Division Jun 2019 Appointed Executive Officer (current); Overall Responsibility for Technology Development, Niigata Plant Jun 2021 Director (current); General Manager, Production and Technology Division (current); Director, YONEX TAIWAN CO., LTD. (current); Director, YONEX INDIA PRIVATE LIMITED (current); Director, Toyo Zoki Co., Ltd. (now YONEX SEIKI Co., Ltd.) (current) Dec 2021 Director, YONEX TECNIFIBRE CO., LTD. (current)
1966-04-28
KC YONEYAMA
Director, Executive Officer; General Manager, Marketing Division; General Manager, Global Strategy Office
Aug 2012 Joined NOK-Freudenberg Group Trading Shanghai Co., Ltd. May 2013 Joined Seven Seas Marketing Research Co., Ltd. Jan 2015 Joined Wieden+Kennedy Japan LLC as Assistant Account Executive Jun 2016 Account Executive, Wieden+Kennedy Japan LLC Jun 2018 Account Supervisor, Wieden+Kennedy Japan LLC Sep 2019 Joined the Company; Deputy Manager, Advertising Department Apr 2022 General Manager, Global Strategy Office (current) Jun 2023 Appointed Executive Officer (current); General Manager, Marketing Division (current) Jun 2025 Director (current) Jan 2026 Director, YONEX CORPORATION (current); Director, YONEX U.K. LIMITED (current); Director, YONEX GmbH (current)
1989-07-12
Shinichi OSADA
Full-time Audit and Supervisory Board Member
May 2004 Joined the Company Jun 2007 General Manager, General Affairs Department, Niigata Plant Apr 2016 General Manager, General Affairs Department, Tokyo Plant; concurrently General Manager, General Affairs Department, Niigata Plant Apr 2019 General Manager, President's Office Apr 2022 Special Assignment Manager, President's Office Jun 2024 Appointed Full-time Audit and Supervisory Board Member of the Company (current)
1964-06-22
Michael MORIZUMI
Director
May 1987 Joined Merrill Lynch Securities Apr 1990 Joined Lehman Brothers Securities Jun 1993 Joined Baring Securities Aug 1995 Joined Merrill Lynch Securities Jun 2000 Joined UBS Warburg Securities Jul 2002 Representative Director, Pacific IR Co., Ltd. (current) Jul 2009 Outside Audit and Supervisory Board Member, Asraport Dining Co., Ltd. Jun 2016 Outside Director of the Company (current) Jan 2022 Audit and Supervisory Board Member, Yaesu Musen Co., Ltd. (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Sanwa Holdings Corporation (current)
1959-11-09
Fukiko OTSUBO
Director
Apr 1982 Joined Taisei Corporation Jan 1993 Joined Toyo Steel Venture Capital Corporation, USA Apr 1997 Joined Takefuji Corporation; Deputy General Manager, International Finance Department, Finance Division Apr 2002 Representative Director, Alpha Biotech Co., Ltd. (now smartData Japan Co., Ltd.) (current) Aug 2008 Outside Audit and Supervisory Board Member, Fuji Biomedix Co., Ltd. Jun 2016 Outside Director of the Company (current) Mar 2019 Outside Director, Mitsufuji Corporation (current)
1959-11-13
Duncan Takamasa WILLIAMS
Director
Aug 2005 Associate Professor of East Asian Buddhism and Culture, University of California, Irvine Aug 2006 Associate Professor of East Asian Languages and Cultures/Religion, University of California, Berkeley Aug 2007 Director, Japan Studies Center, University of California, Berkeley Aug 2011 Associate Professor of East Asian Languages and Cultures/Religion, University of Southern California; Dean, School of Religion, University of Southern California; Director, Center for Japanese Religions and Culture, University of Southern California (current) Aug 2018 Professor, University of Southern California (current) Jun 2023 Outside Director of the Company (current)
1969-09-19
Sarah L. CASANOVA
Director
Jan 1991 Joined McDonald's Canada Jan 1997 Senior Director of Marketing, McDonald's Russia/Ukraine Jul 2001 Senior Director of Marketing, McDonald's Canada Oct 2004 Executive Officer, Marketing Division, Japan McDonald's Co., Ltd. Apr 2007 Senior Executive Officer, Business Development Department, Japan McDonald's Co., Ltd. Jul 2009 Managing Director, McDonald's Malaysia May 2012 Managing Director, McDonald's Malaysia; Regional Manager, McDonald's Singapore and McDonald's Malaysia Aug 2013 Representative Director, President and CEO, Japan McDonald's Co., Ltd. Mar 2014 Representative Director, President and CEO, Japan McDonald's Holdings Co., Ltd. Mar 2019 Representative Director, Chairman, Japan McDonald's Co., Ltd. Mar 2021 Representative Director, Chairman, Japan McDonald's Holdings Co., Ltd. Jun 2023 Outside Director, Mitsui & Co., Ltd. (current) Mar 2025 Outside Director, Kao Corporation (current); Outside Director, Yamaha Motor Co., Ltd. (current) Jun 2026 Outside Director of the Company (scheduled to take office)
1965-04-06
Haruhiko MARUYAMA
Audit and Supervisory Board Member
Aug 1988 Registered as Certified Public Tax Accountant Jun 2012 Outside Audit and Supervisory Board Member of the Company (current)
1958-04-04
Ritsuko OTA
Audit and Supervisory Board Member
Apr 1981 Joined the Tokyo Regional Taxation Bureau, National Tax Agency Jul 2017 Director, Third Investigation Department, Tokyo Regional Taxation Bureau Jul 2018 Retired from the National Tax Agency Aug 2018 Registered as Certified Public Tax Accountant Jun 2019 Outside Audit and Supervisory Board Member of the Company (current); Outside Audit and Supervisory Board Member, Yamatane Corporation Jun 2023 Outside Director (Audit and Supervisory Committee Member), Yamatane Corporation
1957-11-19
Large Shareholding Reports
Fidelity Investments Japan Limited
2025-08-22
5.11%→4.05%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-17
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-08-22
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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