Media OutReach
HONMA Golf Announces Interim Results for FY2025/26 Strong Growth in Korea While Other Markets under Pressure
Financial Highlights
- In the face of a slowing global economy, heightened policy uncertainty and intensified competition across the global golf industry, the Group’s revenue for the Period declined by 18.1% year-on-year to JPY7,867.5 million (equivalent to USD53.9 million), on a constant currency basis.
- Korea delivered an exceptional performance, achieving comparable sales growth of 44.9% during the Period. Retail sales in Korea surged by 70.8%, on a constant currency basis, driven by continued improvements in retail operations.
- Outside Korea, sales in China (including Hong Kong and Macau) remained subdued, recording a marginal decline of 0.4% on a constant currency basis. Japan posted a 33.1% decrease on a constant currency basis, reflecting the impact of wholesale channel restructuring.
- Gross profit margin remained resilient, improving by 0.5 percentage points to 53.5% compared with the same period last year, supported by notable margin gains in Korea and China (including Hong Kong and Macau).
- Net operating cash flow remained positive at JPY1922.9 million (equivalent to USD13.2 million).
Major Achievements
During the six months ended 30 September 2025, the golf industry faced intensified competition and shifting dynamics in player participation and purchasing behaviour, driven by a slowing global economy and regional challenges. Despite these headwinds, HONMA remained firmly committed to executing its long-term strategy. The group continued to invest in product innovation, expand its distribution network, and strengthen brand marketing initiatives, while maintaining a robust financial position and healthy cash flow.
Korea Market Bucks Trend with Growth
Despite subdued market conditions and weak sentiment, Korea delivered an exceptional performance during the Period, defying broader industry headwinds. Supported by the Group’s continued success in its DTC operations and the renewal of its distribution arrangement, Korea achieved strong growth across both retail and wholesale channels. Sales from self-operated stores surged by 70.8%, while distributor sales rose by 41.5%, both on a constant currency basis. Enhanced consumer experiences and refined merchandising strategies provided additional momentum, driving a marked improvement in profitability. During the Period, gross profit margin expanded to 65.6%, underscoring the effectiveness of HONMA’s channel strategy and its ability to capture demand in this dynamic, premium-performance golf market.
Newly Launched Products Achieved Good Performance
HONMA’s latest product introductions have resonated strongly with golfers, reinforcing the brand’s reputation for Japanese craftsmanship and product performance. On a constant currency basis, country-specific clubs recorded solid comparable growth of 36.9%, while putter sales rose by 39.0%, reaffirming HONMA’s strong brand equity. The Tour World series also gained traction, with sales in the Chinese Mainland, the US and Europe increasing by 19.3%, 130.4% and 19.1% respectively, all on a constant currency basis. In addition, golf balls achieved notable success in China, posting a 52.3% increase following the launch of a multipack series tailored to consumer preferences. These results underscore HONMA’s ongoing commitment to product innovation and its ability to capture demand across key markets.
Re-defining the HONMA Brand
HONMA continued to implement a range of initiatives to reinforce its global brand positioning and deepen engagement with target consumers. To re-establish HONMA as a dynamic, relevant, and premium golf lifestyle brand among digitally savvy younger golfers, the Group has consistently enhanced its global website and social media presence through regular, high-quality visual and content updates, driving brand awareness and product appeal.
Supported by a full-channel approach and increased investment in digital marketing, HONMA’s e-commerce sales grew by 5.1% in the Chinese Mainland and 25.6% in the Taiwan market.
Business Outlook
In the years ahead, HONMA will continue executing its long-term growth strategy to position itself as a world-leading golf lifestyle brand. This strategy builds on the Group’s rich heritage, expanding distribution network, cutting-edge technologies, and traditional Japanese craftsmanship. Key priorities include enhancing and transforming brand value to strengthen customer loyalty, consolidating leadership in the super-premium segment, and driving meaningful progress in the fast-growing premium-performance category. HONMA also aims to deliver sustainable growth in North America and Europe through an updated product and distribution strategy, while expanding complementary non-club product lines to offer a complete golf lifestyle experience. Additionally, the Group will maintain its focus on product innovation to align with evolving market trends and consumer preferences.
Mr. LIU Jianguo, Chairman of the Board, President, and Executive Director of HONMA Golf Limited, stated: “Despite ongoing market challenges, HONMA has demonstrated resilience, maintained strong gross margins, and expanded its direct-to-consumer channels. By anchoring our strategy around the super-premium and premium-performance segments, enhancing digital capabilities, and optimizing our distribution network, we have established a solid foundation for sustainable growth and are well-positioned to deliver long-term value for our stakeholders.”
Hashtag: #HONMAGolf
The issuer is solely responsible for the content of this announcement.
About HONMA Golf Limited
HONMA is one of the most prestigious and iconic brands in the golfing industry. Founded in 1959, HONMA combines the latest innovative technologies with traditional Japanese craftsmanship to offer golfers around the world premium, high-tech, and high-performance golf clubs, balls, apparel, and accessories.
As the only vertically integrated golf company with extensive in-house design, development, and manufacturing capabilities, as well as a broad retail footprint in Asia, HONMA is perfectly positioned to continuously grow its business in Asia and beyond, benefitting from the return of golfers in mature golf markets such as the US and Japan, and from increased participation in emerging markets such as Korea and China.
In recent years, HONMA has actively undertaken brand and marketing campaigns with the goal of redefining the HONMA brand as a dynamic, relevant, and premium golf lifestyle brand among today’s golfers. HONMA maintains a team of young professional players from Asia who are considered rising stars or upcoming challengers in the golf industry. HONMA has also collaborated extensively with coaches and key opinion leaders in major Asian markets and made significant investments in its retail distribution network and digital capabilities in Japan and China to unify and elevate the consumer experience and purchase journey for its loyal consumers and the younger golfing community.
Media OutReach
Andrea Bocelli Celebrates 30 Years Anniversary Tour of Romanza with Two Spectacular Concerts in Indonesia
JAKARTA, INDONESIA – Media OutReach Newswire – 20 August 2026 – Shoemaker Live and Jakarta International Expo are pleased to announce an extraordinary celebration of music and legacy as the incomparable Andrea Bocelli returns to Indonesia with Bank SMBC Indonesia and BNI present: Andrea Bocelli Romanza 30th Anniversary World Tour Indonesia. Two Wonders, One Voice, the concerts commemorate three decades of the world’s most celebrated classical crossover albums. The highly anticipated Indonesia leg will present two distinctive performances, beginning at the majestic Borobudur Temple in Magelang on October 31, followed by a second performance at Jakarta International Expo (JIExpo) Kemayoran, Jakarta, on November 3. These two concerts will be Andrea Bocelli’s only public performances in the Asia Pacific region in 2026, making Indonesia the exclusive destination in the region to experience this milestone celebration. Together, the two performances will offer audiences an extraordinary journey through music, artistry, and Indonesia’s diverse cultural landscape.
These two concerts will be Andrea Bocelli’s only public performances in Southeast Asia in 2026, making Indonesia the exclusive destination in the region to experience this milestone celebration. Presented across two remarkable settings, the concerts offer audiences from Indonesia and across Southeast Asia a rare opportunity to witness one of the world’s most celebrated voices live.
“It is truly an honor to bring a world-class maestro like Andrea Bocelli to Indonesia. Music and craftsmanship share a deep connection, both shaped by dedication, patience, and attention to detail. Romanza concert is especially meaningful as it brings this timeless artistry to two remarkable settings, Borobudur and Jakarta, creating moments audiences can cherish long after the music ends,” said Prajna Murdaya, Founder of Shoemaker.
Released 30 years ago, The Romanza album became a defining milestone in Andrea Bocelli’s illustrious career, introducing audiences worldwide to his signature voice and timeless repertoire, including the iconic “Con Te Partirò.” The anniversary tour celebrates the enduring legacy of an album that continues to resonate with audiences across generations.
More than a celebration of an iconic album, Bank SMBC Indonesia and BNI present: Andrea Bocelli Romanza 30th Anniversary World Tour Indonesia brings together two remarkable destinations and one legendary voice to create an immersive cultural experience. From the historic grandeur of Borobudur to the dynamic atmosphere of Jakarta, the performances reflect the meeting point between global artistry and Indonesia’s rich cultural identity, also to celebrating 30 years of Andrea Bocelli’s musical legacy and creating an unforgettable night that will be remembered and talked about for years to come.
The Indonesia tour also marks an important moment for the country’s growing cultural and entertainment landscape, demonstrating its ability to welcome internationally acclaimed artists while offering audiences The Borobudur performance is envisioned as a once in a lifetime cultural experience, continuing the tradition of Andrea Bocelli’s landmark performance staged at globally renowned heritage sites around the world, from the Pyramids of Giza, the Acropolis, to the Vatican, where extraordinary music, iconic locations and historic settings come together to create truly memorable experiences.
As part of the Borobudur experience, audiences will also discover a cultural village showcasing the best of culturally rich Magelang and Central Java, bringing together the region’s cultural heritage, traditions, and local character. Ticket holders will receive exclusive access to the cultural village on the day of the concert, allowing the experience to extend beyond the performance and into the cultural landscape surrounding Borobudur.
“InJourney plays a strategic role in connecting Indonesia’s aviation and tourism ecosystem from airport and aviation services to hospitality, destinations, and retail to create a seamless, world-class journey for every traveler. International events such as Andrea Bocelli at Borobudur demonstrate the power of this integrated ecosystem to bring Indonesia’s heritage, hospitality, and global connectivity together on the world stage, while strengthening Indonesia’s nation branding through culture and tourism. For us, Borobudur is more than a destination. It is a UNESCO World Heritage Site and a powerful national asset to elevate Indonesia’s position in global tourism. Our ambition is to develop Borobudur as a world-class spiritual, cultural, and pilgrimage destination, also creating meaningful, high-value experiences while preserving its legacy for generations to come,” explained Maya Watono, President Director of InJourney, PT Aviasi Pariwisata Indonesia (Persero).
The Borobudur performance comes amid a growing calendar of cultural experiences around the destination, following Orchestra Month by InJourney and Borobudur Moon, organized by the Magelang Regency Government. Together, these initiatives contribute to a broader effort to position Borobudur and Central Java as destinations where cultural heritage and world-class artistic experiences can come together.
Bank SMBC Indonesia supports Andrea Bocelli’s Landmark Indonesia performance as presenting partner. Commenting on the partnership, Deputy President Director of Bank SMBC Indonesia, Michellina Laksmi Triwardhany, explained that the collaboration reflects Bank SMBC Indonesia’s commitment to bringing together meaningful experiences for its customers and the Indonesian community.
“As Presenting Partner, Bank SMBC Indonesia is proud to support Andrea Bocelli’s performance in Indonesia, particularly at Borobudur, one of Indonesia’s most significant cultural heritage sites. We believe in bringing together masterpieces, moments, and experiences that are meaningful to the Indonesian people. This collaboration is a celebration of extraordinary music, Indonesian’s rich cultural heritage, and the experiences that connect us, “said Dhany
She added that the partnership is aligned with Bank SMBC Indonesia’s commitment to continuously delivering meaningful services, experiences, and innovations that create a positive impact for customers, businesses, society, and the broader Indonesian economy.
Alexandra Askandar, Deputy President Director of Bank Negara Indonesia (Persero) Tbk. (BNI), said, “The arrival of Andrea Bocelli’s Romanza 30th Anniversary World Tour in Indonesia is a special moment that further strengthens Indonesia’s position as a destination for world-class cultural experiences. We are proud to be part of bringing this exceptional international performance to audiences in Indonesia.”
Beyond the concert itself, BNI believes an international event of this caliber can create a meaningful multiplier effect for Indonesia’s tourism and creative economy, benefiting sectors ranging from hospitality, transportation, and culinary businesses to MSMEs, while further strengthening Indonesia’s position as a destination for world-class events.
“For BNI, supporting this event is also about creating greater value for our customers. Through various exclusive offers and seamless payment solutions, we aim to make this world-class performance more accessible and enjoyable for BNI customers. We are also pleased to offer our Priority customers special privileges that reflect our commitment to providing a more personalized experience when enjoying this exceptional performance,” said Alexandra
Tickets range for Bank SMBC Indonesia and BNI present: Andrea Bocelli Romanza 30th Anniversary World Tour Indonesia starts from IDR 1,000,000 to over IDR 15,000,000 for premium categories. The highest priced ticket categories will also include access to an exclusive pre-event VIP lounge, offering guests a more elevated concert experience. An exclusive 72-hour presale for Jenius and BNI debit and credit cardholders will be held from Friday, August 21, 2026, at 1:00 PM WIB to Monday, August 24, 2026, at 1:00 PM WIB, offering up to 20% off. Tickets are available exclusively via Tiket.com during this period.
To complement the concert experience, ticket purchasers can also access travel bundles combining concert tickets with transportation and hotel stays through Tiket.com. Visitors can further explore curated experiences around Borobudur through InJourney’s MyCandiGuide app and website, making it easier to extend their visit into a broader cultural and destination experience.
Bank SMBC Indonesia and BNI present: Andrea Bocelli Romanza 30th Anniversary World Tour Indonesia invites audiences to celebrate three decades of timeless music across two extraordinary destinations in Indonesia. More than an evening of iconic songs, it is an experience to be deeply felt, as Bocelli’s voice brings people together through moments of emotion, connection and wonder. Long after the final note, audiences will not only remember the performance, but carry the feeling of that extraordinary night with them for years to come.
For more information, please visit the official websites andreabocelli.id, and Instagram @shoemakerstudios.
Hashtag: #ShoemakerStudios
The issuer is solely responsible for the content of this announcement.
About – Andrea Bocelli
Proclaimed around the world as the icon of the highest Italian vocal tradition, Bocelli has sold in-excess of 90 million albums to date. He improved his singing skills under the guidance of his mentor, Franco Corelli, and initially became widely famous for winning the Sanremo Music Festival in 1994 as the Newcomers section. At the same time, he started his dazzling classical career, performing masterpieces from the opera repertoire on stage – conducted by Lorin Maazel, Seiji Ozawa and Zubin Mehta. The more recent recordings of the Tuscan tenor include Manon Lescaut conducted by Plácido Domingo, Turandot and – released in 2016 – Aida conducted by Zubin Mehta. In 2017, Bocelli recorded La forza del destino and in 2018 he recorded – and performed in theatre – Lucia di Lammermoor.
About – Shoemaker Studios
Shoemaker Studios was founded by Prajna Murdaya, Harmoko Aguswan, and Nikita Dompas and Melon Lemon as a recording studio for world-class artists. It has since grown into a creative platform spanning live event production and live session content, bringing high-caliber music and cultural programming to Indonesian audiences.
In 2019, Shoemaker produced Yo-Yo Ma: The Bach Project Jakarta, the cellist’s first-ever Jakarta concert, setting a new benchmark for international performances in Indonesia. Its live session series, Hearafter, captures artists in unedited, one-take performances: no cuts, no retakes, just a song as it’s actually played.
Shoemaker is now expanding beyond recording and content production into live music, creative lifestyle experiences, and original IP — a shift anchored by its role in Andrea Bocelli’s Romanza 30th Anniversary Tour. The goal: spaces where artists, audiences, and communities meet, exchange inspiration, and experience creativity’s transformative power.
About – Bank Negara Indonesia (Persero) Tbk. (BNI)
PT Bank Negara Indonesia (Persero) Tbk (BNI), one of Indonesia’s leading banks, is committed to offering a wide range of financial solutions for individuals and supporting the growth and success of businesses—both domestically and globally. Dedicated to building long-term partnerships, BNI provides a comprehensive suite of financial services, including capital loans, trade finance, cash management, project financing, and treasury services. BNI supports Indonesian companies in expanding their global reach while also assisting multinational corporations in entering the Indonesian market.
To learn more about BNI’s products and services, please visit: 
https://www.bni.co.id/
Mr Munafò joined Allianz Trade in 2015 as part of the Multinationals team and has spent over a decade shaping the company’s commercial strategy across four regions. Rising through key account management roles spanning MMEA, APAC, and Northern Europe – including his appointment as Regional Account Director for Northern Europe in 2021 – he was named Group Head of Broker Management and Partnerships in 2025, where he was responsible for defining and executing Allianz Trade’s global commercial and distribution strategy and strengthening broker partnerships across multiple regions. Mr Munafò holds an MBA from POLIMI Graduate School of Management (Politecnico di Milano) and a degree in Law from Università Bocconi with a major in Public Sector and Law.
On this appointment, Rodrigo Jimenez, Regional CEO at Allianz Trade in Asia Pacific, says: “Over the past decade, Scott has built extensive experience across various regions, demonstrating a strong track record in growing commercial portfolios, building strategic partnerships, and maintaining exceptional customer retention. His international experience, commercial leadership, and deep understanding of our business make him exceptionally well positioned to lead our China operations. I am confident that, together with the local management team, Scott will successfully drive our growth ambitions and deliver continued success in this important and fast-growing market.”
Mr Munafò remarks: “Allianz Trade has been part of China’s trade story for nearly two decades – built on the strength of our team, our partners, and our customers who have trusted us through every cycle. I am honoured to be entrusted with what so many have built together. My commitment is simple: to keep listening, to keep creating lasting value and to ensure the next chapter sets a new standard.”
Hashtag: #allianztrade #tradecreditinsurance
https://www.allianz-trade.com/en_HK.html
https://www.linkedin.com/company/allianz-trade-apac/
The issuer is solely responsible for the content of this announcement.
About Allianz Trade
Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network is based on instant access to data of 289 million corporates. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in over 40 countries with 5,900 employees. In 2025, our consolidated turnover was EUR4 billion and insured global business transactions represented EUR1,400 billion in exposure. For more information, please visit allianz-trade.com.
A Broader Range of Functional Jelly Concepts
This year, Wel-Bloom will show how varied jelly can be, with examples including visible fruit pieces, whole chia seeds, and high-calcium and collagen-rich formulations. As gummies remain popular, jelly offers greater flexibility in serving size, sweetness and active-ingredient loading, while also allowing for lower-sugar concepts using natural flavoring ingredients.
Taking Jelly Beyond Conventional Formulations
Wel-Bloom’s patented Tri-Safe Jelly Technology forms the foundation of its functional jelly development, demonstrating 97.8% active-ingredient retention and a shelf life of up to two years without added preservatives.
Building on this foundation, Wel-Bloom expanded into oil-based nutrients through NutriOne® Micronized Oil-Fusion Technology. Oil-based nutrients are commonly delivered in capsules or softgels, but swallowable formats may not suit every consumer. NutriOne® provides another option by incorporating oil-based ingredients into a stable, easy-to-consume jelly. The technology received a Gold Award at the World Genius Convention 2026.
Supporting Development with Trusted Manufacturing
As a Taiwan-based CDMO, Wel-Bloom supports projects from formulation and sensory development through stability assessment, pilot testing, scale-up and commercial manufacturing. For brands, choosing a CDMO affects product reliability and the responsibility of their supply chain. Wel-Bloom’s ISO/IEC 17025-accredited laboratory provides technical assurance, while its LEED Silver-certified facility, ISO 14064-1 greenhouse gas management and 2026 B Corp certification reflect its commitment to responsible manufacturing.
At Vitafoods Asia, visitors will be able to sample selected products and discuss product concepts, formulation possibilities and CDMO opportunities with Wel-Bloom’s sales team.
Vitafoods Asia 2026 will take place September 2–4 at the Queen Sirikit National Convention Center in Bangkok. Wel-Bloom will exhibit at Hall 2 Booth #F01.
Hashtag: #WelbloomBioTech
The issuer is solely responsible for the content of this announcement.
About Wel-Bloom Bio-Tech
Wel-Bloom is a globally recognized CDMO expert in the health food industry, dedicated to delivering innovative, one-stop solutions. Guided by forward-looking market insights and supported by robust R&D capabilities, Wel-Bloom empowers clients to develop highly competitive, differentiated health food products.
For partnership opportunities and functional ingredient solutions, visit 
https://welbloom.com/ or search for Wel-Bloom online.
See Wel-Bloom in action — watch the latest highlights from our Malaysia forum on market insights and industry conversations: https://youtu.be/Y0VVoyV-NXU?si=lo9JbaI_Cjw5Cb4B
