FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 本間高爾夫有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2026年3月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06858 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | USD | 0.0000025 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 20,000,000,000 | USD | 0.0000025 | USD | | 50,000 | ...

截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 本間高爾夫有限公司（於開曼群島註冊成立的有限公司） FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06858 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 20,000,000,000 | USD | 0.0000025 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | USD | | 0 | | 本月底結存 | | 20,000,000,000 | USD | 0.0000025 | USD | | 50,000 | 本月底法定/註冊股本總額： USD ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 本間高爾夫有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06858 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | USD | 0.0000025 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 20,000,000,000 | USD | 0.0000025 | USD | | 50,000 | 本月底法 ...

Revenue and Sales Performance - As of September 30, 2025, HONMA's revenue from BERES golf clubs accounted for over 50% of total golf club sales and nearly 40% of total sales, demonstrating strong brand value and resilience since its establishment in 1959[11]. - Golf clubs generated 69.0% of total revenue for the company for the six months ending September 30, 2025[13]. - Total revenue decreased by 19.8% from ¥9,814.5 million for the six months ended September 30, 2024, to ¥7,867.5 million for the six months ended September 30, 2025[37]. - Revenue from golf clubs decreased by 18.3% to ¥5,449.5 million, primarily due to a 35.0% drop in sales in Japan, while Korea and China saw growth of 115.3% and 4.6%, respectively[41]. - Revenue from golf balls fell by 18.9% to ¥737.6 million, with a 26.6% decline in Japan, although sales in China increased by 57.5% due to new product launches[41]. - Revenue from apparel decreased by 16.6% to ¥1,118.2 million, attributed to weak consumer confidence in China[42]. - Revenue from accessories and other related products dropped by 36.8% to ¥562.1 million, reflecting a significant decline in sales[42]. - Revenue from Japan decreased by 33.1% to ¥2,782.0 million, as the company focused on high-margin self-operated channels[44]. - Revenue from Korea increased by 40.1% to ¥962.6 million, supported by successful direct sales operations[44]. - Revenue from North America decreased by 43.2% to ¥235.2 million, primarily due to negative impacts from product discontinuation[45]. - Revenue from Europe fell by 56.8% to ¥112.8 million, with a similar decline in fixed exchange rate terms[45]. - Revenue from the company's home markets (Japan, Korea, and China) accounted for 85.6% of total revenue[45]. Brand Strategy and Market Positioning - The company is focusing on the ultra-high-end and ultra-performance consumer segments, which are expected to drive growth, with a streamlined product strategy enhancing the TOUR WORLD product line[10]. - HONMA has initiated multiple plans to improve global brand positioning and communication with target consumers, resulting in increased digital engagement metrics such as conversion rates and website dwell time[11]. - HONMA's ongoing brand revitalization aims to position itself as a vibrant and fashionable premium golf lifestyle brand for younger golfers[11]. - The company is actively collaborating with coaches and key opinion leaders in major Asian markets to strengthen its brand presence[9]. - The company aims to target affluent consumers in the ultra-high-end and ultra-performance segments with its BERES and TOUR WORLD golf clubs[19]. - The company is focused on recruiting young golfers with significant social media presence to strengthen brand image and attract passionate golf enthusiasts[17]. Retail and Distribution Network - The company opened 14 new sales points in North America, bringing the total to 384 sales points as of September 30, 2025[13]. - The company maintained a stable sales network in Europe with 136 sales points, with no new openings or closures[13]. - The company operates 91 self-owned stores, all located in Asia, as of September 30, 2025[23]. - The company plans to enhance the design and consumer experience of its self-owned stores to create a consistent brand image[23]. - As of September 30, 2025, the group has approximately 3,584 sales points, including 1,289 large sports retail stores in Japan[24]. - The group continues to evaluate existing channels and explore new ones to enhance its sales and distribution network[24]. Financial Performance and Challenges - Operating loss increased by 310.4% from ¥351.5 million for the six months ended September 30, 2024, to ¥1,442.9 million for the same period in 2025[35]. - The company anticipates continued challenges in the golf industry due to oversupply, labor shortages, and rising raw material costs, impacting short-term performance[34]. - The company reported a net loss of ¥2,398.3 million for the six months ended September 30, 2025, compared to a net loss of ¥845.6 million for the same period in 2024, reflecting an increase of 183.6%[35]. - The company’s other income and gains increased significantly by 421.8% from ¥56.9 million in 2024 to ¥296.9 million in 2025[35]. - The effective tax rate increased from a negative 47.5% to a positive 95.6%, with tax expenses of ¥1,171.9 million for the period[63]. - The company reported a total comprehensive loss of ¥2,320,919 thousand, compared to a loss of ¥527,267 thousand in the same period last year, indicating a significant increase in overall losses[126]. Investment and Capital Expenditures - Capital expenditures for the six months ended September 30, 2025, were ¥190.6 million, mainly for purchasing machinery and office equipment[79]. - The planned use of proceeds from the global offering includes 29.4% for potential strategic acquisitions, 15.1% for sales and marketing activities in North America and Europe, and 13.0% for capital expenditures[85]. - The company has fully repaid interest-bearing bank loans intended to be settled with the global offering proceeds, with a minor difference due to foreign exchange rate fluctuations[90]. Employee and Management Information - Employee benefits expenditure for the six months ended September 30, 2025, amounted to ¥2,401.0 million[29]. - The group employs 680 employees globally, with most based in Japan, and offers competitive compensation and training programs[29]. - The total remuneration for key management personnel was ¥83,934 thousand for the six months ended September 30, 2025, compared to ¥86,808 thousand for the same period in 2024, showing a decline of approximately 3.2%[191]. Corporate Governance and Shareholder Information - The company has established an audit committee consisting of three independent non-executive directors to oversee compliance with corporate governance standards[112]. - The board of directors has conducted one regular meeting during the six months ended September 30, 2025, to approve the annual results for the year ended March 31, 2025[110]. - The company has adhered to the corporate governance code, with the roles of chairman and CEO held by the same individual, Liu Jian Guo, supported by presidents for Japan and China operations[109]. - The board of directors and senior management hold a total of 38.72% of the company's shares as of September 30, 2025[92].

Key Points - As of December 19, 38 stocks reached their 52-week highs, with Li Gao Health Life (02370), Ginkgo Education (01851), and Kangqiao Yuelife (02205) leading the high rate at 36.36%, 18.72%, and 8.70% respectively [1] - The top three stocks that achieved new highs are as follows: - Li Gao Health Life (02370) closed at 0.670, with a peak of 0.750, marking a 36.36% increase - Ginkgo Education (01851) closed at 2.430, with a peak of 2.600, marking an 18.72% increase - Kangqiao Yuelife (02205) closed at 1.200, with a peak of 1.250, marking an 8.70% increase [1] - Other notable stocks that reached new highs include Liangqing Holdings (1,000) at 7.14%, Jinxing International Holdings (02307) at 7.04%, and Wuxi Life (08148) at 6.21% [1] 52-Week Low Summary - The 52-week low rankings show that Haowen Holdings (08019) had the largest decline at -16.13%, closing at 0.130 [2] - Other significant declines include NIU Holdings (08619) at -11.86%, closing at 0.156, and Hashkey HLDGS (03887) at -9.59%, with a low of 5.090 [2] - Additional stocks with notable declines include Songdu Service (09608) at -9.09%, closing at 0.068, and Ruike Bio-B (02179) at -5.41%, closing at 5.070 [2]

Group 1 - The core viewpoint of the news is that Hong Kong sportswear stocks have been active recently, with Li Ning leading the gains, reflecting positive market sentiment driven by government policies aimed at boosting domestic consumption [1] - Li Ning's stock price increased by approximately 5%, with a cumulative rise of over 11% in the past four days, reaching a new high in over three months [1] - Other companies such as Anta Sports, Yue Yuen Industrial, and Xtep International also saw stock price increases of nearly 2%, 1.5%, and 1.4% respectively, indicating a broader positive trend in the sector [1] Group 2 - The Central Economic Work Conference held on December 11 emphasized the importance of domestic demand and building a strong domestic market as key tasks for economic work in 2026 [1] - Analysts believe that the consumption outlook for the apparel industry may continue to improve due to substantial policy support for end-consumer spending and expectations of rising household income [1] - The textile and apparel sector is experiencing a rebound in export performance, aided by recent improvements in US-China tariff policies, which is contributing to a recovery in the export chain's overall health [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 本間高爾夫有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06858 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | USD | 0.0000025 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 20,000,000,000 | USD | 0.0000025 | USD | | 50,000 ...

HONMA GOLF LIMITED 本間高爾夫有限公司 審核委員會的職權範圍 （本公司乃根據二零二五年十一月二十八日通過的董事會決議案所採納） 構成 會議議程及決議案 2 7. 委員會至少每年開會兩次。必要時另外召開會議。 8. 委員會應至少每年與外聘核數師開會兩次。委員會應每年與外聘核數師在管 理層不在場的情況下單獨會面至少一次。倘有需要時，外聘核數師可要求召 開會議。 App C1 D.3.3(e)(i) 9. 委員會會議可由任何一位成員或委員會秘書召開。 10. 除非委員會全體成員一致同意，否則載明會議的時間、日期及地點的每次會 議通告應於會議日期至少七日前向委員會各成員及獲邀出席會議的任何其他 人士發出。 11. 議程及任何支持文據及文件將會於會議日期前至少三日（或成員可議定的其 他期間）提交予委員會各成員及獲邀出席會議的任何其他人士。 12. 除非有法定人數出席會議，否則委員會的任何會議均不可處理任何事項。委 員會的兩名成員（至少其中一名應為獨立非執行董事）構成會議的法定人數。 13. 委員會成員方才有權出席委員會會議。其他人士（包括但不限於任何董事、 管理人員、外聘顧問或諮詢師）可於必要時，獲委 ...

Core Insights - The company reported a revenue of 7.868 billion yen for the six months ending September 30, 2025, representing a year-on-year decrease of 19.8% [1] - The loss attributable to shareholders widened to 2.398 billion yen, an increase of 183.62% compared to the previous year [1] - The basic loss per share was 3.96 yen [1]

Group 1 - The company reported revenue of 7.868 billion yen for the six months ending September 30, 2025, representing a year-on-year decrease of 19.8% [1] - The loss attributable to the company's owners was 2.398 billion yen, which expanded by 183.62% year-on-year [1] - The basic loss per share was 3.96 yen [1]