Honma Golf Limited logo

Honma Golf Limited

6858.HK

HKSEConsumer CyclicalLeisure

Latest quote

HK$2.94

HK$0.00 · 0.00%

Aug 17, 3:59 PM HKT

6858.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Honma Golf Limited functions as an investment holding company, focusing on the design, development, manufacturing, and global sales of a diverse selection of golf club equipment. Its operations span across Asia, North America, Europe, and other international markets. The company's extensive product portfolio includes various clubs, such as drivers, fairway woods, utilities, irons, wedges, and putters. Furthermore, they offer golf balls, bags, club head covers, gloves, footwear, belts, socks, and a range of other golf-related accessories, alongside apparel for both men and women. These products are sold under prominent brands like BERES, TOUR WORLD, Be ZEAL, and HONMA. Distribution occurs through its network of HONMA-branded self-operated stores, independent third-party retailers (including major sports equipment chains), and wholesale distributors who then supply other resellers. As of March 31, 2022, Honma Golf operated 80 proprietary HONMA retail outlets. Established in 1959, the company is headquartered in Tokyo, Japan.

Industry
Leisure
Sector
Consumer Cyclical
Headquarters
JP
CEO
Jianguo Liu
Listed since
Oct 6, 2016
Employees
648

Market position

Day range

Current HK$2.94

52-week range

Current HK$2.94

Open
HK$2.95
Previous close
HK$2.94
Volume
4.5K
0.36× average
Average volume
12.39K
Average daily volume
Market cap
1.78B HKD
Beta
0.03
Market reference 1
50-day average
HK$2.8612
+2.75% above average
200-day average
HK$3.0416
-3.34% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
26.83B JPY
P/E (TTM)
30.61×
P/B (TTM)
1.26×
P/S (TTM)
1.6×
EV / EBITDA
12.6×
Earnings yield
3.21%
Free cash flow yield
1.89%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
50.57%
Operating margin
-0.57%
Net margin
5.30%
Return on equity
4.11%
Return on assets
2.86%
Return on invested capital
0.03%

Financial health

Debt / equity
0.29×
Current ratio
2.9×
Altman Z-score
3.34
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends60%38%15%-7%Gross margin, FY2021: 54.14%Gross margin, FY2022: 50.82%Gross margin, FY2023: 51.23%Gross margin, FY2024: 54.37%Gross margin, FY2025: 47.69%Operating margin, FY2021: 19.03%Operating margin, FY2022: 13.45%Operating margin, FY2023: 11.10%Operating margin, FY2024: 2.84%Operating margin, FY2025: 0.09%Net margin, FY2021: 21.37%Net margin, FY2022: 11.04%Net margin, FY2023: 18.41%Net margin, FY2024: -1.22%Net margin, FY2025: 5.03%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 54.14%. Gross margin FY2022 50.82%. Gross margin FY2023 51.23%. Gross margin FY2024 54.37%. Gross margin FY2025 47.69%. Operating margin FY2021 19.03%. Operating margin FY2022 13.45%. Operating margin FY2023 11.10%. Operating margin FY2024 2.84%. Operating margin FY2025 0.09%. Net margin FY2021 21.37%. Net margin FY2022 11.04%. Net margin FY2023 18.41%. Net margin FY2024 -1.22%. Net margin FY2025 5.03%.

Income trends

Revenue

23.5B JPY+8.43%

Operating income

21.97M JPY-96.44%

Net income

1.18B JPY+1.45B JPY
Income trends across reported periods32.47B JPY20.57B JPY8.66B JPY−3.24B JPYRevenue, FY2021: 28.97B JPYRevenue, FY2022: 29.49B JPYRevenue, FY2023: 26.22B JPYRevenue, FY2024: 21.67B JPYRevenue, FY2025: 23.5B JPYOperating income, FY2021: 5.51B JPYOperating income, FY2022: 3.97B JPYOperating income, FY2023: 2.91B JPYOperating income, FY2024: 616.53M JPYOperating income, FY2025: 21.97M JPYNet income, FY2021: 6.19B JPYNet income, FY2022: 3.26B JPYNet income, FY2023: 4.83B JPYNet income, FY2024: −264.23M JPYNet income, FY2025: 1.18B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 28.97B JPY. Revenue FY2022 29.49B JPY. Revenue FY2023 26.22B JPY. Revenue FY2024 21.67B JPY. Revenue FY2025 23.5B JPY. Operating income FY2021 5.51B JPY. Operating income FY2022 3.97B JPY. Operating income FY2023 2.91B JPY. Operating income FY2024 616.53M JPY. Operating income FY2025 21.97M JPY. Net income FY2021 6.19B JPY. Net income FY2022 3.26B JPY. Net income FY2023 4.83B JPY. Net income FY2024 −264.23M JPY. Net income FY2025 1.18B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue23.5B JPY21.67B JPY26.22B JPY29.49B JPY28.97B JPY
Cost of goods sold12.29B JPY9.89B JPY12.79B JPY14.51B JPY13.29B JPY
Gross profit11.21B JPY11.78B JPY13.43B JPY14.99B JPY15.69B JPY
Research and development368.2M JPY12.29M JPY12.4M JPY199.7M JPY186.76M JPY
Selling, general, and administrative10.82B JPY5.99B JPY5.47B JPY10.99B JPY5.31B JPY
Operating expenses11.19B JPY11.17B JPY10.52B JPY10.99B JPY10.15B JPY
Interest income20.05M JPY22.63M JPY11.13M JPY12.95M JPY10.29M JPY
Interest expense285.59M JPY224.43M JPY190.44M JPY124.99M JPY66.41M JPY
Depreciation and amortization2.11B JPY2.26B JPY1.94B JPY1.76B JPY1.68B JPY
Operating income21.97M JPY616.53M JPY2.91B JPY3.97B JPY5.51B JPY
Net income1.18B JPY−264.23M JPY4.83B JPY3.26B JPY6.19B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 2 misses, 0 met estimates
Average EPS surprise
-95.07%
2 comparable reports
Latest EPS result
0.29

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.350.15-0.05-0.25Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q2 '25Q4 '25Q2 '26
Q4 2022, reported Nov 29, 2022: actual 0.276, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 21, 2023: actual 0.312, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 24, 2023: actual 0.288, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 28, 2024: actual 0.128, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 29, 2024: actual -0.076, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 26, 2025: actual 0.05, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 28, 2025: actual -0.208, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 26, 2026: actual 0.287, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates840.27M687.42M534.58M381.73MQ4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q2 '25Q4 '25Q2 '26
Q4 2022, reported Nov 29, 2022: actual 807.95M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 21, 2023: actual 749.34M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 24, 2023: actual 691.68M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 28, 2024: actual 673.79M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 29, 2024: actual 530.91M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 26, 2025: actual 615.17M HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 28, 2025: actual 414.05M HKD, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 26, 2026: actual 710.75M HKD, estimate —, surprise —, Comparison unavailable.

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