Yonex Co Ltd (JP:7906)
:7906
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Yonex Co
(7906)
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Rating:60Neutral
Price Target:
¥2,766.00
▼(-18.77% Downside)
Action:Downgraded
Date:05/14/26
The score is supported by solid underlying profitability and generally conservative leverage, but is held back by weak 2026 cash-flow quality (including zero free cash flow in the provided data) and a clearly bearish technical setup (below key moving averages with negative MACD). Valuation is mixed, with a moderate P/E and a low dividend yield.
Positive Factors
Multi-year revenue growth & stable margins
Sustained top-line expansion with consistently healthy gross margins and steady operating profitability indicate durable product demand and pricing power across Yonex's core categories. This supports reinvestment capacity, competitive positioning, and mid-term earnings resilience even as growth moderates.
Negative Factors
Weak cash-flow quality and zero FCF in 2026
Material deterioration in cash conversion and an absence of free cash flow reduce Yonex's internal funding for capex, dividends or share actions. Over a multi-month horizon this magnifies reliance on external financing if investments or working-capital needs persist, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth & stable margins
Sustained top-line expansion with consistently healthy gross margins and steady operating profitability indicate durable product demand and pricing power across Yonex's core categories. This supports reinvestment capacity, competitive positioning, and mid-term earnings resilience even as growth moderates.
Read all positive factors
Yonex Co (7906) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥210.78B
Dividend Yield0.72%
Average Volume (3M)269.71K
Price to Earnings (P/E)17.5
Beta (1Y)0.88
Revenue Growth18.35%
EPS Growth15.11%
CountryJP
Employees2,633
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)141.41
Shares Outstanding92,870,800
10 Day Avg. Volume219,360
30 Day Avg. Volume269,713
Financial Highlights & Ratios
PEG Ratio1.39
Price to Book (P/B)3.14
Price to Sales (P/S)1.54
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)157.23
Revenue Forecast (FY)¥180.36B
Yonex Co Business Overview & Revenue Model
Company Description
YONEX Co., Ltd. engages in the manufacture and sale of sporting goods in Japan. The company offers badminton and tennis equipment, including racquets, shuttlecocks, strings, apparel, shoes, bags, balls, etc.; and golf equipment, such as woods, iro...
How the Company Makes Money
Yonex primarily makes money by manufacturing and selling sporting goods, with revenue generated from product sales across multiple categories. Key revenue streams include (1) racket sports equipment sales (e.g., badminton and tennis rackets and re...
Yonex Co Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
80
Positive
Cash Flow
56
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 163.64B | 138.28B | 116.44B | 107.02B | 74.49B |
| Gross Profit | 70.90B | 60.53B | 50.33B | 45.14B | 32.67B |
| EBITDA | 20.18B | 17.45B | 14.41B | 12.18B | 8.48B |
| Net Income | 12.09B | 10.59B | 8.86B | 7.33B | 5.78B |
Balance Sheet | |||||
| Total Assets | 128.62B | 110.91B | 92.68B | 80.70B | 67.34B |
| Cash, Cash Equivalents and Short-Term Investments | 34.31B | 29.48B | 23.55B | 16.91B | 17.92B |
| Total Debt | 18.20B | 11.21B | 8.80B | 5.14B | 2.23B |
| Total Liabilities | 47.88B | 41.48B | 31.77B | 27.60B | 21.61B |
| Stockholders Equity | 80.49B | 69.20B | 60.70B | 52.92B | 45.61B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 7.18B | 5.92B | -483.00M | 6.55B |
| Operating Cash Flow | 9.48B | 12.98B | 12.49B | 2.99B | 7.43B |
| Investing Cash Flow | -10.04B | -5.76B | -7.37B | -4.46B | -2.29B |
| Financing Cash Flow | 4.50B | -2.61B | 764.00M | -480.00M | -1.96B |
Yonex Co Technical Analysis
Negative
3405.00
Price Trends
2883.82
Negative
3160.49
Negative
3428.89
Negative
Market Momentum
-136.01
Negative
28.71
Positive
35.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7906, the sentiment is Negative. The current price of 3405 is above the 20-day moving average (MA) of 2555.25, above the 50-day MA of 2883.82, and below the 200-day MA of 3428.89, indicating a bearish trend. The MACD of -136.01 indicates Negative momentum. The RSI at 28.71 is Positive, neither overbought nor oversold. The STOCH value of 35.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7906.
Yonex Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥54.28B | 9.88 | ― | 3.94% | 2.40% | 15.35% | |
66 Neutral | ¥8.20B | 8.49 | ― | 3.96% | 6.05% | -67.41% | |
64 Neutral | ¥25.52B | 20.15 | ― | 1.85% | 4.87% | -5.52% | |
63 Neutral | ¥1.44T | 38.82 | 5.92% | 1.93% | 1.37% | -38.81% | |
63 Neutral | ¥3.93B | 27.54 | ― | 4.78% | -11.78% | -61.69% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥210.78B | 17.52 | 15.93% | 0.72% | 18.35% | 15.11% |
* Consumer Cyclical Sector Average
JP:7906
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Yonex Co Corporate Events
Yonex Outlines FY2026 Results, Forecasts and Dividend Plans
May 12, 2026
Yonex Co., Ltd. announced an outline of its consolidated financial results for the fiscal year ending March 31, 2026, along with a segment overview and forecasts for the following fiscal year. The company also indicated plans regarding dividend pa...
Yonex to Lift Year-End Dividend, Signaling Stronger Shareholder Returns
May 12, 2026
Yonex has proposed raising its year-end dividend for the fiscal year ended March 31, 2026, to 13 yen per share, up from the previously forecast 12 yen and higher than the prior year’s 11 yen payout. The proposal, which would bring total annu...
Yonex Delivers Double-Digit Growth and Raises Dividend as It Guides for Further Gains
May 12, 2026
Yonex reported strong results for the fiscal year ended March 31, 2026, with net sales rising 18.3% to ¥163.6 billion and operating profit up 16.7% to ¥16.5 billion, while profit attributable to owners of the parent grew 14.2% to ¥1...
Yonex Overhauls Executive Pay With Expanded Stock Awards and Performance-Based Plan
Apr 22, 2026
Yonex Co. has approved a comprehensive review of its executive pay system, proposing to maintain the overall cap on directors’ base compensation at ¥250 million while lifting the portion earmarked for external directors to ¥50 mill...
Yonex Taps Former McDonald’s Japan Chief Sarah Casanova as New External Director
Apr 22, 2026
Yonex has nominated seasoned global executive Sarah L. Casanova as a new external director, with formal approval to be sought at the company’s 69th Annual General Meeting of Shareholders scheduled for June 24, 2026. Casanova brings extensive...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.