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Japanese sporting goods maker, world-leading badminton and tennis racquet/string brand, also golf clubs.
Japanese sporting goods maker, world-leading badminton and tennis racquet/string brand, also golf clubs.
Sells to sporting-goods retailers and its own shops, with badminton equipment the base on which its brand is built, and a large share of sales now coming from outside Japan. It supplies and sponsors professional players and tournaments, and consumables such as shuttlecocks and strings are bought repeatedly.
In one line: The Wilson/Head of badminton, with a strong tennis presence too.
Moat: narrow (brand, IP / patents). Dominant badminton brand sponsoring top professionals, with a strong materials/engineering reputation.
Headquarters: Tokyo, Japan · Founded: 1946 · Employees: 2,980
Size Yonex (7906.T) is a Japan Consumer Discretionary company (Recreational Products) with a market value of $1.31B, the 622nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,380 on 6 Nov 2026.
Performance Over six months the shares fell 10.1%, against -8.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 15.1% over the last twelve months (peer median +8.1%); the operating margin is 10.1% (peer median 8.4%).
Valuation It trades at 14.6× forward earnings against a peer median of 12.4× (8th most expensive of 16).
Capital Return on invested capital runs 11.6 points above its cost of capital (5.7% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥169B | ¥164B | ¥138B | ¥116B | ¥107B |
| Revenue growth | — | +18% | +19% | +9% | — |
| Gross profit | ¥74.6B | ¥71.1B | ¥60.5B | ¥50.3B | ¥45.1B |
| EBITDA | ¥20.9B | ¥20.2B | ¥17.5B | ¥14.4B | ¥12.2B |
| Net income | ¥13.4B | ¥12.1B | ¥10.6B | ¥8.86B | ¥7.33B |
| Free cash flow | n/a | ¥0 | ¥7.18B | ¥5.92B | -¥483M |
| Capital expenditure | n/a | ¥9.93B | ¥5.95B | ¥7.47B | ¥4.33B |
| Total debt | ¥16.5B | ¥18.2B | ¥11.2B | ¥8.80B | ¥5.14B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Yonex 7906.T | $1.31B | -10% | +15% | 10% | 14.6× | n/a |
| Li Ning 2331.HK | $5.10B | -21% | +7% | 13% | 14.4× | -5.4% |
| Amer Sports AS | $18.3B | -13% | +30% | 13% | 21.9× | 23.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7906.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.3% | +0.4% | 11th highest of 21 |
| 6-month return | -10.1% | -8.8% | 11th highest of 21 |
| Distance from 52-week high | -43.2% | -24.3% | 6th lowest of 21 |
| Revenue growth (TTM) | +15.1% | +8.1% | 7th highest of 21 |
| Operating margin | 10.1% | 8.4% | 5th highest of 21 |
| Forward P/E | 14.6× | 12.4× | 8th most expensive of 16 |
| ROIC minus cost of capital | +11.6 pp | -0.3 pp | 6th highest of 20 |
| EV / EBITDA | 9.1× | 7.6× | 5th most expensive of 13 |
| Net debt / EBITDA | -0.8× | -0.6× | 7th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yonex 7906.T | Japan | $1.31B | -10% | +15% | 10% | 14.6× | n/a | n/a |
| New Gonow Recreational Vehicles 0805.HK | Hong Kong | $1.36B | +491% | +13% | 2% | n/a | n/a | n/a |
| Mips MIPS.ST | Sweden | $1.24B | +75% | +41% | 37% | 47.3× | 32.9% | +7.9% |
| Sanlorenzo SL.MI | Italy | $1.46B | -7% | +2% | 14% | 11.8× | -2.0% | +13.7% |
| Spin Master TOY.TO | Canada | $1.52B | +6% | -2% | 9% | 9.6× | -11.5% | +7.0% |
| Bloks 0325.HK | Hong Kong | $1.56B | -23% | +30% | 21% | 12.4× | -1.0% | +102.8% |
| Fusheng Precision 6670.TW | Taiwan | $1.07B | -1% | +1% | 15% | 9.3× | -14.6% | +15.9% |
| GoldLok Holdings (Guangdong) 002348.SZ | China | $1.03B | -38% | +77% | -14% | n/a | n/a | n/a |
| Johnson Health Tech 1736.TW | Taiwan | $1.01B | -12% | +8% | 8% | 8.5× | -8.0% | +13.9% |
| VTech 0303.HK | Hong Kong | $1.72B | -15% | -7% | 9% | 11.9× | -9.7% | -3.0% |
| Ferretti YACHT.MI | Italy | $967M | -27% | +1% | 7% | 11.6× | 3.2% | +15.9% |
| tonies TNIE.DE | Germany | $1.86B | +24% | +36% | 4% | 37.4× | n/a | n/a |
| Winnebago Industries WGO | United States | $892M | -1% | -3% | 2% | 15.8× | 6.9% | -5.7% |
| Guangzhou Pearl River Piano 002678.SZ | China | $852M | -30% | +14% | -54% | n/a | n/a | n/a |
| Alpha 002292.SZ | China | $2.08B | +13% | +2% | 9% | 72.3× | 28.4% | +0.9% |
| Sturm, Ruger & RGR | United States | $798M | +28% | +8% | 2% | 26.8× | 21.9% | -0.8% |
| Tron TRON | United States | $669M | -37% | +20% | -45% | n/a | n/a | n/a |
| Thunder Tiger 8033.TW | Taiwan | $647M | -14% | +11% | -5% | n/a | n/a | n/a |
| Shuhua Sports 605299.SS | China | $642M | -60% | +20% | 9% | 32.8× | n/a | n/a |
| Tomy 7867.T | Japan | $2.74B | +89% | +7% | 9% | 20.2× | 2.5% | +13.9% |
| Roland 7944.T | Japan | $605M | -11% | +8% | 9% | 10.6× | -8.3% | +9.5% |