# Yonex vs Goldwin

> Unit: JPY millions (ratios in %)
> Periods: Yonex = FY ending Mar 2026, consolidated, J-GAAP / Goldwin = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T17:55:10.201Z

| Metric | Yonex | Goldwin |
| --- | ---: | ---: |
| Revenue | 163,643 | 137,516 |
| Operating income | 16,546 | 25,859 |
| Net income | 12,092 | 24,094 |
| COGS ratio | 55.7% | 47.0% |
| Operating margin | 10.1% | 18.8% |
| Net margin | 7.4% | 17.5% |
| FCF margin | -0.2% | 14.7% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YCTQ | S100YGJI |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Yonex | Goldwin |
| --- | ---: | ---: |
| Revenue growth | 86.1 (18 peers) | 47.2 (18 peers) |
| Profitability | 72.5 (20 peers) | 87.5 (20 peers) |
| Cash conversion | 26.5 (17 peers) | 55.9 (17 peers) |
| Efficiency | 72.5 (20 peers) | 22.5 (20 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/yonex/md
- https://vizora.meequs.com/en/company/goldwin/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).