Shareholding Structure - Kouunn Holdings Limited holds 234,227,100 shares, representing 38.67% of the total shares[2] - Huang Wenhuan holds 234,512,775 shares, representing 38.72% of the total shares[2] - Charoen Pokphand Group Company Limited holds 181,296,500 shares, representing 29.93% of the total shares[2] - Fosun International Limited holds 35,629,425 shares, representing 5.88% of the total shares[2] - As of September 30, 2024, the total number of issued shares is 605,642,500[9] Restricted Share Unit Plan - The company has a Restricted Share Unit Plan with 3,485,095 units available for grant as of September 30, 2024[12] - The Restricted Share Unit Plan was approved on October 20, 2015, and is valid for ten years[16] - The plan aims to attract and retain skilled personnel for future development and expansion[16] - As of September 30, 2024, there are 18,333,312 shares related to the Restricted Share Unit Plan[12] - The total number of restricted share units granted during the six-month period ending September 30, 2024, is 2,805,387[22] - The total number of restricted share units held by senior management and other executives is 2,291,016[22] - The number of restricted share units granted to the chairman and CEO, Liu Jianguo, is 285,675[22] - The number of restricted share units granted to executive director, Ito Yasuki, is 133,341[22] - The total number of restricted share units exercised during the period is 49,140[22] - The total number of restricted share units that have lapsed during the period is 2,756,247[22] Taxation - The company’s subsidiaries in the U.S. are subject to a federal corporate income tax rate of 21%[14] - The tax provision for the group's Chinese subsidiaries is calculated at a statutory rate of 25%[29] - The effective tax rate for the Hong Kong registered subsidiary is 16.5%, while the effective tax rate for the Japan registered subsidiary is 30.62% for the six months ending September 30, 2024[47] - The company reported a total tax expense of ¥(766,344,000) for the six months ended September 30, 2024, compared to a tax expense of ¥306,257,000 for the same period in 2023[138] Financial Performance - Revenue for the six months ended September 30, 2024, was ¥9,814,533 thousand, a decrease of 25.5% compared to ¥13,194,832 thousand for the same period in 2023[64] - Gross profit for the same period was ¥5,199,266 thousand, down from ¥6,876,979 thousand, reflecting a decline of 24.4%[64] - The company reported a loss before tax of ¥1,611,911 thousand, compared to a profit of ¥3,635,760 thousand in the previous year[64] - The net loss for the period was ¥845,567 thousand, a significant decrease from a profit of ¥3,329,503 thousand in the prior year[64] - Basic and diluted loss per share for the period was ¥(1.40), compared to earnings of ¥5.50 per share in the same period last year[64] - Other income for the six months was ¥56,889 thousand, a sharp decline from ¥2,019,415 thousand in the previous year[64] - Total comprehensive income for the period was ¥(527,267) thousand, compared to ¥2,813,588 thousand in the same period last year[68] Assets and Liabilities - Non-current assets increased to ¥9,642,883 thousand as of September 30, 2024, compared to ¥8,894,695 thousand on March 31, 2024, reflecting a growth of approximately 8.4%[69] - Current assets decreased to ¥30,469,246 thousand from ¥33,650,502 thousand, representing a decline of about 9.4%[69] - Total liabilities decreased from ¥11,682,684 thousand to ¥11,016,611 thousand, a reduction of approximately 5.7%[69] - The net value of current assets is ¥19,452,635 thousand, down from ¥21,967,818 thousand, indicating a decrease of around 11.5%[69] - The company's total equity as of September 30, 2024, is ¥27,236,649 thousand, down from ¥28,672,380 thousand, reflecting a decline of about 5.0%[76] Cash Flow - For the six months ended September 30, 2024, the company reported a cash flow from operating activities of 4,402,189 thousand yen, compared to 3,576,820 thousand yen for the same period in 2023, representing an increase of approximately 23.1%[84] - The net cash flow from investing activities was reported at (386,159) thousand yen for the six months ended September 30, 2024, compared to (196,923) thousand yen in the previous year, indicating a worsening of investment cash flow[88] - The company recorded a net increase in cash and cash equivalents of 2,104,283 thousand yen for the six months ended September 30, 2024, compared to an increase of 1,605,009 thousand yen in the same period of 2023[88] - As of September 30, 2024, the company's cash and cash equivalents totaled 18,054,555 thousand yen, up from 16,659,964 thousand yen at the end of September 2023[88] Revenue Breakdown - Revenue from product sales was ¥9,783,259, down from ¥13,103,514, indicating a decline of 25.5% year-over-year[113] - Revenue from services decreased significantly to ¥31,274 from ¥91,318, reflecting a decline of 65.7%[113] - The Japanese market generated ¥4,156,839 in revenue, slightly down from ¥4,172,787, a decrease of 0.4%[109] - Revenue from China (including Hong Kong and Macau) fell to ¥3,122,951 from ¥3,529,130, a decline of 11.5%[109] - Other regions contributed ¥1,172,714, up from ¥1,079,222, marking an increase of 8.6%[109] - North America saw revenue increase to ¥413,800 from ¥335,024, a growth of 23.4%[109] Operational Strategies - The company aims to enhance its market penetration in the ultra-high-end and super-performance consumer segments by streamlining its product strategy and updating its product lines[123] - The company is investing significantly in retail distribution networks and digital capabilities in Japan and China to provide a consistent and enhanced consumer experience[123] - The company plans to celebrate its 67th anniversary in 2025, emphasizing its commitment to brand revitalization and marketing efforts targeting younger golfers[123] - The company is focusing on enhancing its brand and product awareness among younger golf enthusiasts through digital ecosystem initiatives and advanced e-commerce functionalities[151] - The company continues to apply innovative patented technologies in the design and development of its golf clubs, targeting affluent and passionate golfers[152] Employee and Governance - Employee benefits expenditure for the six months ending September 30, 2024, amounted to ¥2,339.6 million[197] - The group employs 689 employees globally, with a majority based in Japan, and offers competitive compensation packages[197] - The company’s corporate governance practices are in compliance with the applicable code provisions, except for a deviation regarding the roles of the chairman and CEO[44] - The company’s audit committee consists of three independent non-executive directors, ensuring oversight of the financial reporting process[50] Market Challenges - Economic uncertainties and geopolitical tensions continue to pose operational challenges and business uncertainties for the group in the current fiscal year[200] - The group is restructuring its customer relationship management systems in key markets like Japan, China, and the USA to enhance online sales[193]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Honma Golf Limited 本間高爾夫有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6858） 截至二零二四年九月三十日止六個月的 中期業績公告 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - For the fiscal year ending March 31, 2024, the company reported total revenue of ¥26,222.9 million, a decrease from ¥29,494.9 million in the previous year[19] - The net profit for the same period was ¥4,828.1 million, representing a 48.3% increase year-over-year from ¥3,255.6 million[19] - The operating cash flow for the fiscal year was ¥5,416.1 million, reflecting a growth of 47.3% compared to the previous year[19] - The gross profit margin for the fiscal year was 51.2%, slightly up from 50.8% in the previous year[31] - Total assets as of March 31, 2024, amounted to ¥42,545.2 million, an increase from ¥40,367.4 million in the previous year[32] - The total equity increased to ¥28,672.4 million from ¥26,030.9 million year-over-year[32] - Employee benefits expenses amounted to ¥4,492.0 million for the fiscal year ending March 31, 2024, reflecting the company's commitment to competitive compensation[87] - The company's total revenue decreased by 11.1% from ¥29,495.0 million for the year ended March 31, 2023, to ¥26,222.9 million for the year ending March 31, 2024[126] Sales and Revenue Breakdown - Golf clubs contributed 69.6% of the total revenue for the fiscal year ending March 31, 2024[69] - Revenue from Japan decreased by 4.7% to ¥9,363.1 million, primarily due to a 19.2% drop in wholesale revenue, while retail sales increased by 16.0%[135] - Revenue from China (including Hong Kong and Macau) fell by 3.7% to ¥7,508.5 million, attributed to a slowdown in the overall economy and retail market[136] - Revenue from Europe decreased by 18.3% to ¥361.8 million, reflecting a shift to an indirect distribution model[137] - Revenue from golf clubs dropped by 15.1% to ¥18,256.6 million, with sales in Japan, Korea, and China down by 4.5%, 12.5%, and 16.3% respectively[149] - Revenue from Korea decreased by 15.5% to ¥5,988.6 million, reflecting the optimization of the distribution network prior to new product launches[153] - Revenue from North America fell by 38.2% to ¥632.9 million, primarily due to ongoing negative impacts from last year's distribution network adjustments[154] - Revenue from other regions decreased by 28.7% to ¥2,367.9 million, mainly due to unfavorable currency depreciation and weakened purchasing power[155] - Revenue from self-operated stores was ¥10,952,237, accounting for 41.8% of total revenue, with a year-on-year increase of 7.2%[158] - Revenue from third-party retailers and wholesalers was ¥15,270,620, representing 58.2% of total revenue, showing a significant decline of 20.8%[158] Product Performance - Sales of the BeZEAL 3 product increased by 600% year-over-year, while the BERES series sales in Japan grew by 19.6%[20] - Revenue from golf balls slightly declined by 0.2% from ¥2,942.3 million to ¥2,936.3 million, primarily due to a 1.4% decrease in sales volume in Japan[130] - Apparel revenue grew by 4.9% year-on-year, with a remarkable 23.2% growth in mainland China[57] - Revenue from apparel increased by 4.9% from ¥3,009.1 million to ¥3,157.5 million, despite weak consumer confidence in China[132] Market Strategy and Growth - The company plans to continue enhancing its online presence and social media platforms to improve brand engagement and communication[5] - The company is investing in a digital ecosystem to enhance customer relationship management and e-commerce capabilities, aiming for a 360-degree brand experience[45] - The company continues to focus on the ultra-high-end and ultra-performance consumer segments, which are expected to drive future growth[42] - The company is restructuring its growth strategy in North America and Europe to target smaller, high-quality customer segments[70] - HONMA aims to strengthen its market share in the high-performance segment, particularly in Japan, Korea, and China, where significant growth potential remains[91] - The company plans to enhance its direct-to-consumer communication and sales strategy in North America and Europe, which together account for over 60% of the global golf market[93] - HONMA's marketing strategy focuses on transforming its image to appeal to younger, performance-oriented golfers, particularly through the new TOUR WORLD product lines[88] - The company is targeting the high-performance segment in North America with its TOUR WORLD product line to support growth strategies in that market[118] Brand Development and Consumer Engagement - The company has seen a continuous increase in membership numbers in China and Japan, enhancing customer relationship management systems[22] - The company launched products specifically designed for female golfers, including the 65th Anniversary Limited Series and BERES LADYGO[24] - The company sponsors TEAM HONMA, which includes six professional golfers, to enhance brand visibility and drive sales growth, particularly in Japan[50] - The company is focusing on enhancing consumer engagement and retail experience through digital capabilities and brand communication[36] - The company aims to attract younger, passionate golfers by recruiting social media-savvy athletes to strengthen brand repositioning[50] - The group hosted 3,564 customer events across major markets, primarily at golf courses, to enhance brand awareness[73] - The company is focused on enhancing brand exposure in Asia through collaborations with coaches and key opinion leaders[165] Operational Challenges and Sustainability - The company is facing challenges in the golf industry, including increased competition and supply chain issues due to labor shortages and rising raw material costs[95] - HONMA continues to monitor external challenges and will adjust its business strategies as necessary to mitigate risks while ensuring employee health and safety[96] - The company is committed to sustainable business development and creating long-term value for shareholders amid global economic uncertainties[121] - Water resource usage decreased by 5% compared to the previous year, with a density increase of 6.5%[188] Retail Expansion - The company opened 14 new stores in China, 1 in Japan, and 2 in other Asian regions, enhancing the retail experience with a unified brand image[49] - The company plans to continue expanding its self-operated stores, which numbered 95 in Asia as of March 31, 2024[80] - The company expanded its sales and distribution network, increasing the total number of stores from 90 to 95, with significant growth in China[105] - The total number of sales points in North America decreased to 344, with six new openings and seven closures during the year[163] - In Europe, the company reopened 94 new sales points, resulting in a network of 129 locations[163] - A strategic partnership with Itochu Corporation has been established to develop a clothing business, aiming to promote HONMA as a "golf lifestyle brand"[169] Innovation and Development - Research and development expenses for the fiscal years ending March 31, 2023, and March 31, 2024, were ¥199.7 million and ¥228.9 million, respectively, indicating a focus on product innovation[94] - The company is committed to applying innovative technologies and traditional Japanese craftsmanship in its product development[45] - The company aims to provide a comprehensive golf lifestyle experience by developing non-club product lines[169]

就攤薄而言，概無就截至二零二四年及二零二三年三月三十一日止年度所呈列的每股基本 盈利作出調整，原因是本集團截至二零二四年及二零二三年三月三十一日止年度並無已發 行的潛在攤薄普通股。 40 設備、 永久持有土地由日本本間擁有並位於日本。 44 瞻性資料。所有應收融資租賃已分類為第1階段，自初始確認以來信貸風險並未出現顯著 增加。未逾期的應收融資租賃的預期信貸虧損率為極低。 上述舉措將繼續提升HONMA的品牌及產品知名度，並增加更年輕及更熱忱的高 爾夫球手的參與度。 5 本間高爾夫有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公 司（「本集團」）截至二零二四年三月三十一日止年度的綜合年度業績。年度業績乃 根據國際財務報告準則（「國際財務報告準則」）編製。此外，年度業績亦已經由本 公司審核委員會（「審核委員會」）審閱。 於二零一九年一月，HONMA重新推出服裝業務。迄今，服裝系列包括一條 專業及一條時尚運動副線，滿足中國高爾夫球手在球場內外的不同需求。 截至二零二四年三月三十一日止年度大部分焦點落在HONMA的二零二三年 秋╱冬季服裝系列及二零二四年春╱夏季服裝系列。 6 截至二零二四年三月三十一 ...

收益 本集團的總收益由截至二零二二年九月三十日止六個月的14,927.4百萬日圓減少11.6%至截至二零二三年 九月三十日止六個月的13,194.8百萬日圓。 固定匯率收益 按固定匯率基準計，截至二零二二年九月三十日止六個月至截至二零二三年九月三十日止六個月，本集團 總收益減少12.4%。為計算固定匯率收益，本集團已使用截至二零二二年九月三十日止六個月的平均匯率換 算截至二零二三年九月三十日止六個月錄得的銷售額，並以有關銷售額的原貨幣並非日圓為限。 固定匯率收益用於根據國際財務報告準則編製的補充計量。然而，其並非根據國際財務報告準則的財務表 現計量，且不應被認為可替換根據國際財務報告準則呈列的計量。 16 本間高爾夫有限公司 中期報告 2023/2024 管理層討論及分析 財務回顧（續） 收益（續） 按產品類別劃分的收益 附註： (1) 進一步詳情請參閱「－固定匯率收益」。 (2) 包括高爾夫球包、高爾夫球桿頭套、鞋履、手套、帽子及其他高爾夫相關配件。 來自高爾夫球桿的收益由截至二零二二年九月三十日止六個月的11,441.7百萬日圓減少12.5%至截至二零 二三年九月三十日止六個月的10,011.9百萬日圓， ...

按地理區域劃分的收益 14 來自北美的收益由截至二零二二年九月三十日止六個月的565.1百萬日圓減少 40.7%至截至二零二三年九月三十日止六個月的335.0百萬日圓，主要由於去年 分銷網絡調整的持續不利影響。按固定匯率基準計，同期來自北美的收益減少 43.8%。 15 附註： 16 (1) 包括物業、廠房及設備折舊及攤銷、其他製造費用及所提供服務的成本。 下表載列於所示期間按產品類別劃分的毛利及毛利率明細： 高爾夫球桿毛利由截至二零二二年九月三十日止六個月的6,845.9百萬日圓減少 13.3%至二零二三年同期的5,935.9百萬日圓。高爾夫球桿的毛利率由截至二零二 二年九月三十日止六個月的59.8%減少至二零二三年同期的59.3%，主要由於存貨 撥備增加。 配件及其他相關產品的毛利由截至二零二二年九月三十日止六個月的288.4百萬日 圓減少7.7%至二零二三年同期的266.1百萬日圓。配件及其他相關產品的毛利率由 截至二零二二年九月三十日止六個月的25.6%增加至二零二三年同期的32.4%，主 要由於改善產品組合及減少低毛利率產品的銷售貢獻。 18 | --- | --- | --- | --- | -- ...

Revenue and Profit Performance - Revenue for the fiscal year ending March 31, 2023, reached 29,494,999 thousand yen, a slight increase from the previous year's 28,971,099 thousand yen[17] - Gross profit margin for 2023 was 50.8%, down from 54.1% in 2022[17] - Operating profit for 2023 was 3,856,557 thousand yen, a decrease from 5,456,791 thousand yen in 2022[17] - Net profit attributable to the company's owners for 2023 was 3,255,488 thousand yen, compared to 6,191,197 thousand yen in 2022[17] - Revenue increased by 1.8% to 29,495.0 million yen (equivalent to 218.8 million USD) for the fiscal year ending March 31, 2023[107] - Pre-tax profit for the fiscal year ending March 31, 2023, was 4,092.9 million yen[126] - Pre-tax profit decreased by 45.9% to 4,092.9 million yen (equivalent to 30.4 million USD) compared to 7,560.3 million yen in the previous year[131] Regional Revenue Performance - Japan, the company's largest market, contributed 9,841.4 million yen in revenue, a 15.8% year-on-year increase[23] - Revenue from Korea and China increased by 3.8% and 2.0% respectively, despite challenges from COVID-19[23] - North America revenue grew by 3.2% year-on-year, driven by a strategic focus on high-quality customer segments[23] - Revenue from Japan, Korea, China, and North America grew by 15.6%, 3.8%, 2.0%, and 3.2% respectively, benefiting from strong consumer demand rebound and successful marketing activities[31] - North America revenue increased by 3.2% to 1,024.2 million JPY for the fiscal year ending March 31, 2023, but decreased by 11.0% on a constant currency basis[32] - Revenue growth was recorded in Japan (15.6%), Korea (3.8%), China (2.0%), and North America (3.2%) despite COVID-19 impacts[128] - Revenue from Japan and South Korea increased by 15.6% and 3.8% respectively, while China's growth rate was 2.0% due to COVID-19 disruptions, and Europe saw a sales decline of 68.2% due to a shift to an indirect distribution model[129] Product Sales Performance - Golf club sales increased by 3.3% for the fiscal year ending March 31, 2023, driven by the launch of BERES AIZU and TW757 products targeting the ultra-premium and high-performance consumer markets[25] - Apparel sales grew by 1.6% year-over-year, supported by increased investment in professional and fashion sport sub-lines[25] - Golf club revenue grew by 3.2%, while apparel revenue increased by 1.5%, but golf ball sales declined by 1.1% due to raw material supply challenges[108] Financial Position and Cash Flow - Total assets as of March 31, 2023, were 40,367,360 thousand yen, slightly down from 41,427,472 thousand yen in 2022[19] - Net current assets stood at 20,024,291 thousand yen, up from 19,763,221 thousand yen in 2022[19] - The company maintained strong operating cash flow, with net cash inflow of 3,682.9 million yen for the fiscal year[22] - Operating cash flow remained positive at 3,675.9 million yen (equivalent to 27.3 million USD) for the fiscal year ending March 31, 2023[110] - The company held cash and cash equivalents of JPY 14,084.8 million as of March 31, 2023, primarily in RMB, JPY, and USD, consisting mainly of cash on hand and demand deposits[196] Expenses and Costs - Gross profit decreased by 4.4% to 14,988.3 million JPY, with gross margin declining from 54.1% to 50.8%[38] - Apparel gross profit dropped by 44.8% to 802.9 million JPY, with gross margin falling from 49.1% to 26.7%, primarily due to supply chain disruptions in Japan and Korea[40] - Gross margin decreased by 3.3 percentage points to 50.8% due to rising raw material costs, currency pressures, and tighter inventory provisions[109] - Administrative expenses remained stable at 1,381.1 million yen for the fiscal year ending March 31, 2023[123] - Financing costs increased by 88.2% to 125.0 million yen due to higher Japanese borrowing rates[124] - Financing income rose by 25.0% to 13.5 million yen due to increased average bank deposit balances[125] Capital Expenditures and Investments - Capital expenditures for the fiscal year ending March 31, 2023, amounted to 663.5 million JPY, primarily allocated to purchasing factory machinery, office equipment, and leasehold improvements[55] - Potential strategic acquisitions accounted for 29.4% of the intended use of proceeds, with JPY 4,939 million utilized as of March 31, 2023[59] - Sales and marketing activities in North America, Europe, Japan, South Korea, and China (including Hong Kong and Macau) accounted for 15.1% of the intended use of proceeds, with JPY 2,536 million utilized[59] - Capital expenditures accounted for 13.0% of the intended use of proceeds, with JPY 2,184 million utilized[59] - Repayment of interest-bearing bank loans accounted for 17.3% of the intended use of proceeds, with JPY 2,906 million utilized and 0.2% remaining unused[59] - The unused balance of global offering proceeds as of March 31, 2023, was approximately JPY 4,942.2 million, held in reputable banks[61] - The company did not undertake any significant investments, acquisitions, or disposals during the fiscal year ending March 31, 2023, but continues to seek new business development opportunities[86] Debt and Financial Obligations - The company's interest-bearing bank loans as of March 31, 2023, amounted to JPY 7,290.0 million, with interest rates ranging from 0.17% to 3.08%[75] - The company's debt-to-equity ratio as of March 31, 2023, was 36.3%, down from 38.1% on March 31, 2022[76] - The company has fully repaid the interest-bearing bank loans intended to be repaid using the proceeds from the global offering, with the remaining unused balance of 0.2% to be evaluated for appropriate use based on business needs[89] Dividend and Shareholder Returns - The company proposed a final dividend of 1.5 yen per share for the fiscal year ending March 31, 2023, totaling approximately 908.5 million yen, representing 27.9% of the distributable profit for the year[90] - The company's dividend for the fiscal year ending March 31, 2023, is 3.0 yen per share, totaling 1,817.0 million yen, representing approximately 55.8% of the distributable profit[174] - The company's distributable reserves as of March 31, 2023, amounted to 10,006 million yen, down from 11,524 million yen the previous year[154] - The company will evaluate its dividend policy and distributions from time to time, with details provided in the "Corporate Governance Report - Dividend Policy" section of the annual report[200] Tax and Regulatory Compliance - Income tax expenses decreased by 38.8% from 1,369.1 million yen in the fiscal year ending March 31, 2022, to 837.3 million yen in the fiscal year ending March 31, 2023[94] - The company's effective tax rate increased from 18.1% in the fiscal year ending March 31, 2022, to 20.5% in the fiscal year ending March 31, 2023[94] - The company has not experienced any significant legal or regulatory violations in Japan, China, or South Korea during the fiscal year[161] Operational and Strategic Initiatives - The company typically launches new golf clubs, balls, and accessories every 24 months, with additional promotion of older generation products for 12 months[77] - The company plans to strengthen its leadership in the ultra-premium segment and expand into the high-performance consumer segment in Asia[113] - The company plans to focus on high-quality customer segments in North America and Europe, and leverage its R&D capabilities to develop products aligned with market trends[133] - The company's growth strategy focuses on expanding non-club businesses, such as golf balls, bags, gloves, and apparel[166] - The company closed 615 sales points in Europe, reducing the total number of sales points to 35, while opening 8 new sales points in North America, forming a network of 345 sales points[173] - The company aims to reduce emissions and waste through energy-efficient machinery, water-saving equipment, and promoting energy-saving awareness among employees[160] Supply Chain and Inventory Management - The company relies on strategic suppliers in Japan, Taiwan, China, Hong Kong, and the US, with OEM partnerships exceeding five years[135] - The company's inventory aging analysis is based on product launch dates rather than capitalization dates, with some inventory aged 2-3 years reflecting products launched 2-3 years prior to the fiscal year-end[195] - Trade receivables and bills turnover days decreased by 14 days from 68 days in FY2022 to 54 days in FY2023, primarily due to enhanced collection efforts in certain markets[187] - Trade payables and bills turnover days decreased by 11 days from 58 days in FY2022 to 47 days in FY2023, mainly due to reduced procurement caused by high inventory levels throughout the year[187] Corporate Governance and Social Responsibility - The company operates the largest number of self-operated stores among major golf product companies, equipped with golf simulators and specialized fitting centers[135] - The company donated products worth 1.96 million yen during the fiscal year ending March 31, 2023[179] - The company's restricted stock unit plan, effective for 10 years from October 20, 2015, has approximately 2 years and 7 months remaining as of March 31, 2023[183] - The company's pledged deposits increased by 8.89% from 4.75 million yen to 5.17 million yen due to exchange rate fluctuations[178]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 截至二零二三年三月三十一日止年度的 年度業績公告 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Revenue Growth - For the six months ended September 30, 2022, the company's revenue increased by 25.7% compared to the same period in 2021[7]. - Revenue from Japan increased by 3.4%, while Korea saw a significant growth of 97.1% year-on-year due to the rising number of golf participants and successful new product launches[7]. - Revenue from China, North America, and other regions recorded strong growth rates of 11.1%, 31.6%, and 41.2% respectively[7]. - Japan, Korea, and China contributed 81.9% of the company's total revenue[7]. - Total revenue increased by 25.7% from ¥11,871.9 million to ¥14,927.4 million for the six months ending September 30, 2022[37]. - Revenue from Japan increased by 3.4% to ¥3,951.6 million, while revenue from South Korea surged by 97.1% to ¥4,237.6 million[44]. - Revenue from China (including Hong Kong and Macau) rose by 11.1% to ¥4,028.4 million, although it decreased by 4.3% on a constant currency basis due to government lockdowns[44]. - North American revenue increased by 31.6% to ¥565.1 million, with a 9.9% increase on a constant currency basis[45]. - Revenue from self-operated stores was ¥4,566.9 million, a 29.9% increase from ¥3,516.1 million, driven by optimized retail operations[47]. - Revenue from third-party retailers and wholesalers rose by 24.0% to ¥10,360.5 million, attributed to strong demand[47]. Product Performance - Golf club sales increased by 31.2% for the six months ended September 30, 2022, demonstrating strong brand value and resilience since 1959[9]. - Revenue from the BERES and TOUR WORLD product families grew by 37.1% and 17.1% respectively compared to the same period last year[9]. - Golf clubs accounted for 76.6% of total revenue for the six months ended September 30, 2022, with Japan showing a robust growth of 20.3% year-on-year[10]. - The company aims to enrich its TOUR WORLD product family with technology-enhanced series and modern designs to attract contemporary golfers[6]. - The company has launched new product families, including the GS series and TW757 series, aimed at attracting younger, performance-focused golfers[24]. Market Strategy - The company is focusing on two market segments: ultra-high-end and ultra-performance, to simplify and strengthen its product portfolio[6]. - The company has redefined its brand to appeal to younger golfers, enhancing its global brand positioning and communication strategies[8]. - The company aims to enhance its growth strategy in North America and Europe, focusing on smaller, high-quality customer segments[11]. - The company is focusing on sustainable growth in North America and Europe, which account for nearly 70% of the global golf market, by targeting high-quality customer segments[27]. - The company has established a strategic partnership with Itochu Corporation to develop its apparel business, promoting HONMA as a "golf lifestyle brand" in Japan, China, and Korea[28]. Financial Performance - Operating profit increased by 37.5% from ¥1,590.3 million to ¥2,187.5 million[36]. - Net profit attributable to equity holders increased by 129.0% from ¥1,348.4 million to ¥3,087.4 million[36]. - Basic and diluted earnings per share rose by 128.7% from ¥2.23 to ¥5.10[36]. - Gross profit margin decreased from 55.3% to 52.7%, while total sales cost increased by 33.0%[36]. - The company attributes stable revenue growth to ongoing improvements in product development, merchandise planning, and retail operations[41]. Operational Efficiency - The company closed 378 sales points in Europe, reducing the total to 237, while opening eight new sales points in North America, resulting in a network of 345 locations[11]. - The average order value exceeded $1,000, indicating a positive trend in e-commerce activities[12]. - HONMA hosted 1,912 customer events during the six months ended September 30, 2022, enhancing brand and product awareness[14]. - The company continues to evaluate and expand its sales and distribution networks to adapt to local retail landscapes and consumer behaviors[20]. - The company has implemented a customer relationship management system with e-commerce functionalities to provide a comprehensive brand experience[8]. Challenges and Risks - The golf industry is expected to face challenges due to public health uncertainties and supply chain issues, but the company sees positive recovery trends as golf participation increases[29]. - The company is committed to optimizing operational efficiency and maintaining cash reserves to mitigate the impacts of global health challenges[29]. - The company will continue to monitor external challenges related to COVID-19 and adjust its business strategies accordingly to protect employee health and safety[30]. Shareholder Information - The company declared an interim dividend of ¥1.5 per share, totaling approximately ¥908.5 million, which represents 29.4% of the group's distributable profit for the six months ended September 30, 2022[83]. - Kouunn Holdings Limited holds 233,560,525 shares, representing 38.56% of the total shares[90]. - Huang Wenhuan holds 234,512,775 shares, representing 38.72% of the total shares[90]. - The total number of issued shares is 605,642,500[93]. - The company has not yet committed to any acquisition targets as of the reporting date, indicating a cautious approach to potential acquisitions in the golf product industry[82].

非常感谢大家抽时间参加科马奥尔夫2023财年度中期业绩公布媒体线上沟通会首先我会为大家介绍今天在线上参会的管理层包括首席财务官兼首席营运官边卫文女士和投资者关系团队首先 把时间交给投资者关系总监陈丽珠女士介绍一下公司2023财年中期业绩表现之后我们会有一个问答环节到时候各位媒体朋友可以用Zoom的直手功能提问或者以视窗输入问题下面我先将时间交给陈女士有请 好的 谢谢Samantha各位媒体和分析师朋友复途和智通大陆演平台上关注Huma的朋友们大家晚上好非常感谢大家包容参加Huma此次中期业绩沟通会很高兴能有这样的机会和大家进行交流那首先我们用一张图来先简单的介绍一下HumaHuma于1959年创立于日本是高端高尔夫用具的第一品牌 在60多年工匠精神的传承中我们始终追求我们产品的卓越性能和出众的品质在目前HOMA也是全球唯一的一家垂直整合型的高尔夫公司拥有我们自主的研发和生产基地在位于日本九田的研发和生产基地战地 大约有16万平方米我们拥有236名研发人员与能工巧匠在此呢我们开发和研制出覆盖球杆和非球杆的全品类的产品组合那在高尔夫的球杆的方面我们聚焦传统的超高端的这个消费区间并且呢也在逐渐的渗透增速最快的超性能 ...