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Yonex Co (7906) AI Stock Analysis

3 Followers
JP:7906

Yonex Co

(TSE/TYO:7906)

Select Model
Rating:70Outperform
Price Target:JPY 2,618.00â–²(5.61% Upside)
Action:upgraded
Date:08/17/26

Solid financial performance with revenue growth and stable balance sheet outweighs cash flow risks, while technicals show short-term strength but overbought signals, and fair valuation supports a balanced outlook.

Positive Factors
Revenue and ProfitabilityRevenue expanded strongly from 2022–2026, while gross margins stayed around 43–45% and EBIT margins around 10% in 2025–2026. This combination indicates durable demand and profitability resilience, giving Yonex capacity to reinvest in products, marketing, and global distribution.
Negative Factors
Slowing GrowthRevenue growth slowed to 4.2% in 2026 after a stronger multi-year expansion, while margins were slightly softer than the 2024 peak. Slower growth can reduce operating leverage and limit the pace at which Yonex compounds earnings if the moderation persists.

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

-40%-30%-20%-10%0%10%20%30%JP:7906-32.23%EWJ+15.75%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 1.32B
Dividend Yield
0.65%
Average Volume (3M)
615.06K
Price to Earnings (P/E)
15.0
Beta (1Y)
0.81
Revenue Growth
16.64%
EPS Growth
20.89%
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

Strong revenue growth and improving margins drive a solid income statement (85), supported by a stable balance sheet with growing equity and manageable debt (80), though cash flow volatility poses risks (60).

Income Statement

85Very Positive

Balance Sheet

80Positive

Cash Flow

60Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2026Mar 2025Mar 2024Mar 2023
Income Statement
Total Revenue156.99B138.28B163.64B116.44B107.02B74.49B
Gross Profit68.85B60.53B70.90B50.33B45.14B32.67B
EBITDA19.83B18.32B20.89B15.60B12.50B9.59B
Net Income10.95B10.59B12.09B8.86B7.33B5.78B
Balance Sheet
Total Assets123.67B110.91B128.62B92.68B80.70B67.34B
Cash, Cash Equivalents and Short-Term Investments35.37B29.48B34.31B23.55B16.91B17.92B
Total Debt16.74B11.21B18.20B8.80B5.14B2.23B
Total Liabilities46.98B41.48B47.88B31.77B27.60B21.61B
Stockholders Equity76.46B69.20B80.49B60.70B52.92B45.61B
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 SentimentPositive
Last Price2479.00

Price Trends

50DMA2432.70Positive
100DMA2476.91Positive
200DMA2748.87Negative

Market Momentum

MACD14.29Negative
RSI54.28Neutral
STOCH52.33Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7906, the sentiment is Positive. The current price of 2479.00 is above the 20-day moving average (MA) of 2410.00, above the 50-day MA of 2432.70, and below the 200-day MA of 2748.87, indicating a neutral trend. The MACD of 14.29 indicates Negative momentum. The RSI at 54.28 is Neutral, neither overbought nor oversold. The STOCH value of 52.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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:8135JP:813573OutperformJPY 7.95B7.53―4.47%6.27%-62.11%
JP:7906JP:790670OutperformJPY 217.47B15.0516.82%0.65%16.64%20.89%
JP:7990JP:799069NeutralJPY 59.26B12.38―3.39%5.51%-2.16%
JP:4801JP:480167NeutralJPY 25.93B30.11―1.72%2.42%81.45%
JP:7309JP:730964NeutralJPY 1.89T31.576.71%1.65%5.00%17.30%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
JP:7847JP:784757NeutralJPY 4.29B10.37―4.49%20.87%116.29%

* 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 '26Nov '26
JP:7906 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:7906Yonex Co 2479.00-1174.15-32.14%
JP:7309Shimano 21335.005586.3235.47%
JP:4801Central Sports Co., Ltd.2325.00-61.52-2.58%
JP:7847Graphite Design Inc.668.0077.9213.21%
JP:7990GLOBERIDE, Inc.2802.00695.2333.00%
JP:8135ZETT CORP.403.00-43.04-9.65%

Yonex Co Corporate Events

Yonex FY3/27 H1 Financial Results

Nov 10, 2026

Yonex Co., Ltd.’s materials dated November 10, 2026, cover the first half of the fiscal year ending March 31, 2027. The supplied text provides only a contents listing, naming sections on consolidated financial results, segment overview, forecasts, to...

Yonex Announces 17-Yen Interim Dividend Including Commemorative Portion

Nov 10, 2026

Yonex Co., Ltd., listed on the Tokyo Stock Exchange’s Standard Market under securities code 7906, announced an interim dividend of 17 yen per share for the record date of September 30, 2026. The payment comprises a 14-yen ordinary dividend and a 3-ye...

Yonex Reports Six-Month Sales and Profit Growth

Nov 10, 2026

Yonex Co., Ltd. reported net sales of 91,853 million yen for the six months ended September 30, 2026, up 15.5% year over year, while operating profit increased 22.3% to 10,822 million yen, ordinary profit rose 32.9% to 10,897 million yen, and profit...

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 ¥65.34, while t...

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