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Yonex Co (7906) AI Stock Analysis

JP:7906

Yonex Co

(TSE/TYO:7906)

Select Model
Rating:71Outperform
Price Target:JPY 2,621.00â–²(9.99% Upside)
Action:upgraded
Date:08/17/26

Yonex's strong financial performance, characterized by healthy revenue growth and a solid balance sheet, is the primary driver of the score. Technical indicators show short-term strength but also overbought conditions and a lingering downtrend, adding caution. Valuation is fair. The overall score of 71 reflects a moderately bullish outlook with some risks around cash flow and technical overextension.

Positive Factors
Revenue and ProfitabilityYonex combines multi-year revenue expansion with consistently healthy gross margins and stable operating profitability. This indicates a durable operating model with pricing, product, or brand strength that can support reinvestment and preserve earnings power over the next several quarters.
Negative Factors
Weak Cash ConversionThe sharp weakening in cash conversion means reported earnings are translating less effectively into cash, while zero free cash flow reduces internally generated funding. If sustained, this could constrain investment capacity and make future growth more dependent on balance-sheet resources.

Yonex Co (7906) vs. iShares MSCI Japan ETF (EWJ)

-50%-40%-30%-20%-10%0%10%20%30%JP:7906-40.62%EWJ+17.00%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 1.32B
Dividend Yield
1.14%
Average Volume (3M)
621.48K
Price to Earnings (P/E)
15.1
Beta (1Y)
0.87
Revenue Growth
15.09%
EPS Growth
12.17%
Country
Japan
Employees
2,980
Sector
Consumer Cyclical
Sector Strength
61
Industry
Leisure

Yonex Co Business Overview & Revenue Model

Company Description

YONEX Co., Ltd., a Tokyo-based company established in 1946, specializes in the manufacturing and distribution of athletic goods across Japan. Its diverse product range includes equipment for badminton and tennis, such as racquets, shuttlecocks, strin...

Yonex Co Financial Statement Overview

Summary

Yonex demonstrates strong revenue growth and improving profitability, with a robust balance sheet (low debt-to-equity, high ROE). However, cash flow volatility and recent declines in free cash flow present some risk. Overall, fundamentals are solid.

Income Statement

78Positive

Balance Sheet

85Very Positive

Cash Flow

65Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2026Mar 2025Mar 2024Mar 2023
Income Statement
Total Revenue150.87B138.28B163.64B116.44B107.02B74.49B
Gross Profit66.69B60.53B70.90B50.33B45.14B32.67B
EBITDA19.91B18.32B20.89B15.60B12.50B9.59B
Net Income11.54B10.59B12.09B8.86B7.33B5.78B
Balance Sheet
Total Assets120.84B110.91B128.62B92.68B80.70B67.34B
Cash, Cash Equivalents and Short-Term Investments34.86B29.48B34.31B23.55B16.91B17.92B
Total Debt16.29B11.21B18.20B8.80B5.14B2.23B
Total Liabilities46.84B41.48B47.88B31.77B27.60B21.61B
Stockholders Equity73.78B69.20B80.49B60.70B52.92B45.61B
Cash Flow
Free Cash Flow07.18B05.92B-483.00M6.55B
Operating Cash Flow012.98B9.48B12.49B2.99B7.43B
Investing Cash Flow0-5.76B-10.04B-7.37B-4.46B-2.29B
Financing Cash Flow0-2.61B4.50B764.00M-480.00M-1.96B

Yonex Co Technical Analysis

Technical Analysis SentimentNegative
Last Price2383.00

Price Trends

50DMA2478.31Negative
100DMA2468.27Negative
200DMA2780.59Negative

Market Momentum

MACD-17.09Negative
RSI46.38Neutral
STOCH20.37Neutral

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 2383.00 is above the 20-day moving average (MA) of 2382.30, below the 50-day MA of 2478.31, and below the 200-day MA of 2780.59, indicating a bearish trend. The MACD of -17.09 indicates Negative momentum. The RSI at 46.38 is Neutral, neither overbought nor oversold. The STOCH value of 20.37 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:7906 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:7309JP:730977OutperformJPY 1.77T30.596.71%1.71%5.00%17.30%
JP:8135JP:813573OutperformJPY 8.20B7.61―4.30%6.27%-62.11%
JP:7906JP:790671OutperformJPY 205.92B15.0917.01%1.14%15.09%12.17%
JP:4801JP:480167NeutralJPY 25.25B29.16―1.77%4.34%103.26%
JP:7990JP:799065NeutralJPY 53.69B11.26―3.74%3.84%4.87%
JP:7847JP:784764NeutralJPY 4.29B10.22―4.52%20.87%116.29%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%

* Consumer Cyclical Sector Average

Performance Comparison

-40%-20%0%20%JP:7906JP:7309JP:4801JP:7847JP:7990JP:8135Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:7906 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:7906Yonex Co 2372.00-1533.60-39.27%
JP:7309Shimano 20570.004605.7928.85%
JP:4801Central Sports Co., Ltd.2254.00-104.98-4.45%
JP:7847Graphite Design Inc.663.0074.8412.72%
JP:7990GLOBERIDE, Inc.2537.00270.0211.91%
JP:8135ZETT CORP.419.00-25.12-5.66%

Yonex Co Corporate Events

Yonex Completes Restricted Stock Compensation Disposal to Directors and Executives

Aug 21, 2026

Yonex Co., Ltd. has completed payment procedures for the disposal of 18,500 shares of its treasury stock as restricted stock compensation, following a resolution by its Board of Directors on July 23, 2026. The shares, priced at 2,547 yen each for a t...

Yonex Lifts Full-Year Forecasts on Strong Overseas Demand and Cost Controls

Aug 10, 2026

Yonex has raised its earnings forecasts for the first half and full fiscal year ending March 31, 2027, after stronger-than-expected first-quarter results, particularly from sales to overseas distributors in its Japan segment. The company now expects...

Yonex Lifts Profit Outlook on Strong First-Quarter Results and Higher Dividend Plan

Aug 10, 2026

Yonex reported solid growth for the quarter ended June 30, 2026, with net sales rising 14.1% year on year to ¥45.5 billion and profit attributable to owners of the parent climbing 31.9% to ¥5.6 billion. Earnings per share increased to &#165...

Yonex Probes Cyberattack at Taiwan Unit, Says Earnings Schedule Unchanged

Aug 7, 2026

Yonex Co. has disclosed that its Taiwan subsidiary suffered unauthorized third-party access to certain servers on August 3, prompting immediate isolation of affected systems and notification of authorities. With external cybersecurity experts engaged...

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.

Date of analysis: Aug 17, 2026