HONMAGOLF (ASX: 06858) has announced its financial results for the fiscal year ended March 31, 2026.

The company reported revenue of 22.26 billion yen, representing an increase of 2.71% compared to the previous year.

Annual profit for the period was 1.12 billion yen, marking a significant turnaround from a loss in the prior year.

Earnings per share stood at 1.85 yen.

Performance by Market

The company stated that for the year ended March 31, 2026, sales performance across several of its markets showed positive growth, albeit not robust, when compared to the same period last year.

Revenue from South Korea surged by 55.2%, primarily driven by the company's continued investment in its direct-to-consumer business in the country and the renewal of distributor arrangements.

Sales in North America also increased by 7.5%, attributed to the successful launch of several country-specific club products.

Revenue from China, including Hong Kong and Macau, rebounded from its low point, achieving a 1.3% growth despite the ongoing slowdown in the overall Chinese economy and retail sentiment.

Revenue from Japan declined by 8.7%, a result of the company's continued strategic focus on its own sales channels and the closure of unprofitable and inefficient wholesale accounts and points of sale.