(Stock Code :7825 Tokyo Stock Exchange)
Second Quarter of FY 2017 Financial Results Briefing Material August 7, 2017 2017 First Half EarningsSummary of Consolidated Financial Results
Overseas sales was strong. Operating and pretax profits both rose.
(Billion yen)
2017
Jan-Jun
2016
Jan-Jun
y-o-y
(%)
-0.3
(Reference)
Revenue 36.2 36.4
Forecast Announced 17/2/14 | Change |
36.5 | -0.3 |
1.3 (3.6%) | +1.1 |
0.6 (1.6%) | +0.7 |
Jan-Mar | y-o-y | Apr-Jun | y-o-y |
16.9 | +0.0 | 19.3 | -0.3 |
1.0 (6.1%) | +0.5 | 1.4 (7.1%) | -0.4 |
1.2 (6.8%) | +1.0 | 1.3 (6.9%) | +0.3 |
0.6 (3.6%) | +0.8 | 0.7 (3.5%) | +0.1 |
( -1%)
Operating profit
(%)
Profit
2.4 2.3 +0.1
(6.6%) (6.3%) (+4%)
+1.3
before tax 2.5 1.2
Net profit 1.3 0.3
(+106%)
+0.9
(+278%)
*Amounts less than 100 million yen are rounded off, amounts less than
± 50 million yen are shown as zero.
y-o-y
Japanese golf equipment market -3% Japanese tennis equipment market -2%
■ vs. previous year (y-o-y) ・ vs. forecast
U.S. golf equipment market
-4%
Revenue declined slightly. Operating profit rose because of strong overseas sales, improved gross margin, and reduced expenses. Profit before tax increased as foreign exchange operations in financial revenue mainly turned profitable.
The results significantly exceeded the forecast as well.
Revenue by ProductsGolf club and accessories sales declined. Golf ball sales rose.
(Billion yen)
2017 Jan-Jun | y-o-y | ||||
Amount | % | ||||
Golf clubs | 15.8 | -0.4 | -3% | ||
Golf balls | 7.7 | +0.4 | +5% | ||
Golf others | 3.3 | -0.5 | -13% | ||
Golf equipment | 26.8 | -0.5 | -2% | ||
Tennis equipment | 3.5 | +0.1 | +4% | ||
License revenue | 0.3 | +0.1 | +22% | ||
Sports equipment | 30.5 | -0.3 | -1% | ||
Services | 1.3 | -0.1 | -7% | ||
Wellness | 4.3 | +0.2 | +4% | ||
Total | 36.2 | -0.3 | -1% |
Excluding
Overseas
Japan (excl. currency)
currency effect
Golf clubs
Golf balls Golf others Total
-1.8
-0.2
-0.5
-2.5
+1.4
+0.7
+0.0
+2.0
-0.5
+0.5
-0.5
-0.5
+0.1
+0.1
-0.3
-0.1
+0.2
-0.2
*Amounts less than 100 million yen are rounded off, amounts less than ± 50 million yen are shown as zero.
■ Golf clubs
Revenue in Japan declined because of the market situation and increased competition. Revenue overseas increased for the respective brands.
■ Golf balls
Revenue increased significantly both in Japan and overseas with strong sales of the new Z-STAR product.
■ Wellness
Revenue rose with continuation of opening new compact gym outlets. Membership at existing outlets remained firm.
Dunlop Sports Co. Ltd. published this content on 07 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 August 2017 06:22:03 UTC.
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