View ValuationShimano 将来の成長Future 基準チェック /16Shimano利益と収益がそれぞれ年間16.5%と5.2%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に8.4% 17.9%なると予測されています。主要情報16.5%収益成長率17.92%EPS成長率Leisure 収益成長15.3%収益成長率5.2%将来の株主資本利益率8.38%アナリストカバレッジGood最終更新日28 Apr 2026今後の成長に関する最新情報お知らせ • Oct 28Shimano Inc. Provides Consolidated Earnings Guidance for Year Ending December 31, 2025Shimano Inc. provided consolidated earnings guidance for year ending December 31, 2025. For the year, the company expected net sales of JPY 460,000 million; Operating income of JPY 46,000 million; Net income attributable to owners of parent of JPY 30,500 million and Basic earnings per share of JPY 350.88.お知らせ • Oct 29Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024Shimano Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2024. For the year, the company net sales of JPY 450,000 million, Operating income of JPY 66,000 million, Net income attributable to owners of parent of JPY 56,000 million and Basic earnings per share of JPY 626.92 compared to previous guidance of net sales of JPY 450,000 million, Operating income of JPY 66,000 million, Net income attributable to owners of parent of JPY 77,000 million and Basic earnings per share of JPY 862.01.お知らせ • Jul 30+ 1 more updateShimano Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2024Shimano Inc. provided earnings guidance for the full year ending December 31, 2024. For the full year, the company expects net sales of JPY 450,000 million; Operating income of JPY 66,000 million; Net income attributable to owners of parent of JPY 77,000 million, Basic earnings per share of JPY 862.01.お知らせ • Feb 13+ 1 more updateShimano Inc. Provides Earnings Guidance for the First Half and Full Fiscal Year 2024Shimano Inc. provided earnings guidance for the first half and full fiscal year 2024. For the First half, the company expects net sales of JPY 190,000 million; Operating income of JPY 18,000 million; Net income attributable to owners of parent of JPY 21,000 million, Basic earnings per share of JPY 233.42.For the full year, the company expects net sales of JPY 420,000 million; Operating income of JPY 53,000 million; Net income attributable to owners of parent of JPY 54,000 million, Basic earnings per share of JPY 600.23.お知らせ • Oct 27Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Shimano Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales of JPY 462,000 million, operating income of JPY 77,000 million, net income attributable to owners of parent of JPY 66,000 million and basic earnings per share of JPY 730.77 against net sales of JPY 450,000 million, operating income of JPY 70,000 million, net income attributable to owners of parent of JPY 69,000 million and basic earnings per share of JPY 763.24 as previously forecasted.すべての更新を表示Recent updatesDeclared Dividend • 13hDividend of JP¥182 announcedShareholders will receive a dividend of JP¥182. Ex-date: 29th June 2026 Payment date: 2nd September 2026 Dividend yield will be 197%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (172% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 26Shimano Inc. to Report Q1, 2026 Results on Apr 23, 2026Shimano Inc. announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on Apr 23, 2026お知らせ • Feb 11+ 1 more updateShimano Inc. Provides Dividend Guidance for Second Quarter and Full End of the Fiscal Year Ending December 31, 2026Shimano Inc. provides Dividend guidance for second quarter and full year of the fiscal year ending December 31, 2026. For the quarter, the company expects dividend of JPY 181.50 per share compared to JPY 169.50 per share a year ago. For the year end, the company expects dividend of JPY 181.50 per share compared to JPY 169.50 per share a year ago.お知らせ • Feb 10+ 1 more updateShimano Inc., Annual General Meeting, Mar 24, 2026Shimano Inc., Annual General Meeting, Mar 24, 2026.お知らせ • Dec 16Shimano Inc. to Report Fiscal Year 2025 Results on Feb 10, 2026Shimano Inc. announced that they will report fiscal year 2025 results on Feb 10, 2026お知らせ • Oct 28Shimano Inc. Provides Consolidated Earnings Guidance for Year Ending December 31, 2025Shimano Inc. provided consolidated earnings guidance for year ending December 31, 2025. For the year, the company expected net sales of JPY 460,000 million; Operating income of JPY 46,000 million; Net income attributable to owners of parent of JPY 30,500 million and Basic earnings per share of JPY 350.88.お知らせ • Sep 21Shimano Inc. to Report Q3, 2025 Results on Oct 28, 2025Shimano Inc. announced that they will report Q3, 2025 results on Oct 28, 2025お知らせ • Jun 17Shimano Inc. to Report Q2, 2025 Results on Jul 29, 2025Shimano Inc. announced that they will report Q2, 2025 results on Jul 29, 2025お知らせ • Mar 19Shimano Inc. to Report Q1, 2025 Results on Apr 23, 2025Shimano Inc. announced that they will report Q1, 2025 results on Apr 23, 2025お知らせ • Feb 12+ 1 more updateShimano Inc., Annual General Meeting, Mar 27, 2025Shimano Inc., Annual General Meeting, Mar 27, 2025.Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Hiromi Wada was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 19Shimano Inc. to Report Fiscal Year 2024 Results on Feb 12, 2025Shimano Inc. announced that they will report fiscal year 2024 results on Feb 12, 2025Reported Earnings • Oct 30Third quarter 2024 earnings released: JP¥26.43 loss per share (vs JP¥108 profit in 3Q 2023)Third quarter 2024 results: JP¥26.43 loss per share (down from JP¥108 profit in 3Q 2023). Revenue: JP¥118.0b (up 5.3% from 3Q 2023). Net loss: JP¥2.36b (down 124% from profit in 3Q 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • Oct 29Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024Shimano Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2024. For the year, the company net sales of JPY 450,000 million, Operating income of JPY 66,000 million, Net income attributable to owners of parent of JPY 56,000 million and Basic earnings per share of JPY 626.92 compared to previous guidance of net sales of JPY 450,000 million, Operating income of JPY 66,000 million, Net income attributable to owners of parent of JPY 77,000 million and Basic earnings per share of JPY 862.01.Buy Or Sell Opportunity • Oct 23Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to €145. The fair value is estimated to be €183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.1% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.お知らせ • Sep 20Shimano Inc. to Report Q3, 2024 Results on Oct 29, 2024Shimano Inc. announced that they will report Q3, 2024 results on Oct 29, 2024Declared Dividend • Aug 02First half dividend of JP¥155 announcedShareholders will receive a dividend of JP¥155. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 98%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: JP¥224 (vs JP¥334 in 2Q 2023)Second quarter 2024 results: EPS: JP¥224 (down from JP¥334 in 2Q 2023). Revenue: JP¥116.3b (down 15% from 2Q 2023). Net income: JP¥20.0b (down 34% from 2Q 2023). Profit margin: 17% (down from 22% in 2Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • Jul 30+ 1 more updateShimano Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2024Shimano Inc. provided earnings guidance for the full year ending December 31, 2024. For the full year, the company expects net sales of JPY 450,000 million; Operating income of JPY 66,000 million; Net income attributable to owners of parent of JPY 77,000 million, Basic earnings per share of JPY 862.01.Upcoming Dividend • Jun 20Upcoming dividend of JP¥143 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 04 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.5%).お知らせ • Jun 19Shimano Inc. to Report Q2, 2024 Results on Jul 30, 2024Shimano Inc. announced that they will report Q2, 2024 results on Jul 30, 2024Buy Or Sell Opportunity • May 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to €157. The fair value is estimated to be €130, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.6%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.お知らせ • Apr 26Shimano Inc. (TSE:7309) announces an Equity Buyback for 1,000,000 shares, representing 1.11% for ¥26,000 million.Shimano Inc. (TSE:7309) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.11% of its issued share capital (excluding treasury stock), for ¥26,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, and to carry out flexible management that responds to changes in the corporate environment. The program will expire on March 31, 2025. As of March 31, 2024, the company had 89,822,000 issued shares (excluding treasury stock) and 56,057 treasury shares.Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: JP¥264 (vs JP¥223 in 1Q 2023)First quarter 2024 results: EPS: JP¥264 (up from JP¥223 in 1Q 2023). Revenue: JP¥100.6b (down 20% from 1Q 2023). Net income: JP¥23.7b (up 17% from 1Q 2023). Profit margin: 24% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year.Declared Dividend • Apr 11Final dividend of JP¥143 announcedShareholders will receive a dividend of JP¥143. Ex-date: 27th June 2024 Payment date: 4th September 2024 Dividend yield will be 106%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 17Shimano Inc. to Report Q1, 2024 Results on Apr 23, 2024Shimano Inc. announced that they will report Q1, 2024 results on Apr 23, 2024Reported Earnings • Feb 14Full year 2023 earnings released: EPS: JP¥677 (vs JP¥1,408 in FY 2022)Full year 2023 results: EPS: JP¥677 (down from JP¥1,408 in FY 2022). Revenue: JP¥474.4b (down 25% from FY 2022). Net income: JP¥61.1b (down 52% from FY 2022). Profit margin: 13% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.お知らせ • Feb 13+ 1 more updateShimano Inc. Provides Earnings Guidance for the First Half and Full Fiscal Year 2024Shimano Inc. provided earnings guidance for the first half and full fiscal year 2024. For the First half, the company expects net sales of JPY 190,000 million; Operating income of JPY 18,000 million; Net income attributable to owners of parent of JPY 21,000 million, Basic earnings per share of JPY 233.42.For the full year, the company expects net sales of JPY 420,000 million; Operating income of JPY 53,000 million; Net income attributable to owners of parent of JPY 54,000 million, Basic earnings per share of JPY 600.23.お知らせ • Dec 27Shimano Inc., Annual General Meeting, Mar 27, 2024Shimano Inc., Annual General Meeting, Mar 27, 2024.お知らせ • Dec 23Shimano Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024Shimano Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024Upcoming Dividend • Dec 21Upcoming dividend of JP¥143 per share at 1.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.9%).お知らせ • Oct 27Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Shimano Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales of JPY 462,000 million, operating income of JPY 77,000 million, net income attributable to owners of parent of JPY 66,000 million and basic earnings per share of JPY 730.77 against net sales of JPY 450,000 million, operating income of JPY 70,000 million, net income attributable to owners of parent of JPY 69,000 million and basic earnings per share of JPY 763.24 as previously forecasted.New Risk • Oct 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.お知らせ • Oct 26Shimano Inc. Provides Year-End Dividend Guidance for the Fiscal Year Ending December 31, 2023Shimano Inc. provided year-end dividend guidance for the fiscal year ending December 31, 2023. For the year, the company expects to pay year-end dividend of JPY 142.50 per share against JPY 142.50 per share paid for the same period a year ago.お知らせ • Sep 22Shimano Inc. to Report Q3, 2023 Results on Oct 24, 2023Shimano Inc. announced that they will report Q3, 2023 results on Oct 24, 2023New Risk • Aug 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.お知らせ • Jul 26+ 2 more updatesShimano Inc. Provides Dividend Guidance for the Year Ending December 31, 2023Shimano Inc. provided dividend guidance for the year ending December 31, 2023. For the year the company expects to pay the dividend of JPY 142.50 per share against JPY 142.50 per share a year ago.Reported Earnings • Jul 26Second quarter 2023 earnings released: EPS: JP¥334 (vs JP¥437 in 2Q 2022)Second quarter 2023 results: EPS: JP¥334 (down from JP¥437 in 2Q 2022). Revenue: JP¥137.2b (down 14% from 2Q 2022). Net income: JP¥30.2b (down 24% from 2Q 2022). Profit margin: 22% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jun 22Upcoming dividend of JP¥143 per share at 1.2% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.3%).お知らせ • Jun 20Shimano Inc. to Report Q2, 2023 Results on Jul 25, 2023Shimano Inc. announced that they will report Q2, 2023 results on Jul 25, 2023Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: JP¥223 (vs JP¥314 in 1Q 2022)First quarter 2023 results: EPS: JP¥223 (down from JP¥314 in 1Q 2022). Revenue: JP¥126.1b (down 13% from 1Q 2022). Net income: JP¥20.2b (down 30% from 1Q 2022). Profit margin: 16% (down from 20% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 15Full year 2022 earnings released: EPS: JP¥1,408 (vs JP¥1,253 in FY 2021)Full year 2022 results: EPS: JP¥1,408 (up from JP¥1,253 in FY 2021). Revenue: JP¥628.9b (up 15% from FY 2021). Net income: JP¥128.2b (up 11% from FY 2021). Profit margin: 20% (in line with FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 23Shimano Inc., Annual General Meeting, Mar 29, 2023Shimano Inc., Annual General Meeting, Mar 29, 2023.Upcoming Dividend • Dec 22Upcoming dividend of JP¥118 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.9%).お知らせ • Dec 18Shimano Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023Shimano Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: JP¥495 (vs JP¥324 in 3Q 2021)Third quarter 2022 results: EPS: JP¥495 (up from JP¥324 in 3Q 2021). Revenue: JP¥164.0b (up 26% from 3Q 2021). Net income: JP¥44.9b (up 50% from 3Q 2021). Profit margin: 27% (up from 23% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Sadayuki Sakakibara was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: JP¥495 (vs JP¥324 in 3Q 2021)Third quarter 2022 results: EPS: JP¥495 (up from JP¥324 in 3Q 2021). Revenue: JP¥164.0b (up 26% from 3Q 2021). Net income: JP¥44.9b (up 50% from 3Q 2021). Profit margin: 27% (up from 23% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.9% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 27Second quarter 2022 earnings released: EPS: JP¥437 (vs JP¥296 in 2Q 2021)Second quarter 2022 results: EPS: JP¥437 (up from JP¥296 in 2Q 2021). Revenue: JP¥159.6b (up 16% from 2Q 2021). Net income: JP¥39.8b (up 45% from 2Q 2021). Profit margin: 25% (up from 20% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 1.6% compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of JP¥118 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (2.9%).Buying Opportunity • Jun 14Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €192, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is also forecast to grow by 3.1% per annum over the same time period.Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: JP¥314 (vs JP¥308 in 1Q 2021)First quarter 2022 results: EPS: JP¥314 (up from JP¥308 in 1Q 2021). Revenue: JP¥144.0b (up 14% from 1Q 2021). Net income: JP¥28.7b (flat on 1Q 2021). Profit margin: 20% (down from 23% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Sadayuki Sakakibara was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 09Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: JP¥1,253 (up from JP¥685 in FY 2020). Revenue: JP¥546.5b (up 45% from FY 2020). Net income: JP¥115.9b (up 83% from FY 2020). Profit margin: 21% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Over the next year, revenue is expected to shrink by 2.2% compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 23Upcoming dividend of JP¥118 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.5%).Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS JP¥324 (vs JP¥173 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥130.5b (up 26% from 3Q 2020). Net income: JP¥30.0b (up 87% from 3Q 2020). Profit margin: 23% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year.Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS JP¥296 (vs JP¥125 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥138.3b (up 66% from 2Q 2020). Net income: JP¥27.4b (up 138% from 2Q 2020). Profit margin: 20% (up from 14% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year.Upcoming Dividend • Jun 23Upcoming dividend of JP¥77.50 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 02 September 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.6%).Reported Earnings • Apr 29First quarter 2021 earnings released: EPS JP¥308 (vs JP¥212 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: JP¥126.4b (up 64% from 1Q 2020). Net income: JP¥28.6b (up 45% from 1Q 2020). Profit margin: 23% (down from 26% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year.Is New 90 Day High Low • Mar 04New 90-day low: €187The company is down 4.0% from its price of €194 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €70.17 per share.Reported Earnings • Feb 12Full year 2020 earnings released: EPS JP¥685 (vs JP¥559 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥378.0b (up 4.1% from FY 2019). Net income: JP¥63.5b (up 23% from FY 2019). Profit margin: 17% (up from 14% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectationsRevenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the Leisure industry in Germany.Is New 90 Day High Low • Jan 19New 90-day high: €205The company is up 25% from its price of €164 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €75.72 per share.Upcoming Dividend • Dec 22Upcoming Dividend of JP¥77.50 Per ShareWill be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 0.6% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (1.4%).Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS JP¥173The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: JP¥103.9b (up 19% from 3Q 2019). Net income: JP¥16.0b (down 11% from 3Q 2019). Profit margin: 15% (down from 21% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year.Analyst Estimate Surprise Post Earnings • Nov 15Revenue beats expectationsRevenue exceeded analyst estimates by 25%. Over the next year, revenue is forecast to grow 7.3%, compared to a 12% growth forecast for the Leisure industry in Germany.Is New 90 Day High Low • Oct 31New 90-day high: €195The company is up 4.0% from its price of €187 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Leisure industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.58 per share.Analyst Estimate Surprise Post Earnings • Oct 29Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 25% at JP¥103.9b. Revenue is forecast to grow 6.4% over the next year, compared to a 11% growth forecast for the Leisure industry in Germany.Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of JP¥56.3b, largely unchanged from the prior year. Total revenue was JP¥357.9b over the last 12 months, down 1.6% from the prior year.Is New 90 Day High Low • Oct 12New 90-day low: €167The company is down 3.0% from its price of €173 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €68.93 per share.お知らせ • Oct 05Shimano Inc. to Report Q3, 2020 Results on Oct 27, 2020Shimano Inc. announced that they will report Q3, 2020 results on Oct 27, 2020お知らせ • Jun 21Shimano Inc. to Report Q2, 2020 Results on Jul 28, 2020Shimano Inc. announced that they will report Q2, 2020 results on Jul 28, 2020業績と収益の成長予測DB:SHM - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028531,98063,95355,800N/A1012/31/2027505,15358,03853,878N/A1112/31/2026476,65446,09449,603N/A113/31/2026470,34837,019N/AN/AN/A12/31/2025466,24333,99118,01463,780N/A9/30/2025467,13451,091N/AN/AN/A6/30/2025471,51536,58619,53666,086N/A3/31/2025463,97562,428N/AN/AN/A12/31/2024450,99376,32941,45587,032N/A9/30/2024433,97742,316N/AN/AN/A6/30/2024427,99954,46865,567109,624N/A3/31/2024448,84864,626N/AN/AN/A12/31/2023474,36261,14283,252114,567N/A9/30/2023536,50874,861N/AN/AN/A6/30/2023588,473109,99892,453119,470N/A3/31/2023610,933119,641N/AN/AN/A12/31/2022628,909128,17883,172110,684N/A9/30/2022618,993143,399N/AN/AN/A6/30/2022585,507128,48879,487102,147N/A3/31/2022564,136116,081N/AN/AN/A12/31/2021546,515115,93792,405112,439N/A9/30/2021509,053102,265N/AN/AN/A6/30/2021482,47988,27395,369113,351N/A3/31/2021427,54672,405N/AN/AN/A12/31/2020378,04063,47263,48591,050N/A9/30/2020357,88156,265N/AN/AN/A6/30/2020341,53658,27343,44872,672N/A3/31/2020352,43661,446N/AN/AN/A12/31/2019363,23051,833N/A67,897N/A9/30/2019363,63556,718N/AN/AN/A6/30/2019355,25350,979N/A56,653N/A3/31/2019350,51353,188N/AN/AN/A12/31/2018348,03553,931N/A49,593N/A9/30/2018343,75450,351N/AN/AN/A6/30/2018347,45247,433N/A58,249N/A3/31/2018341,11539,699N/AN/AN/A12/31/2017335,80038,443N/A69,265N/A9/30/2017327,29042,243N/AN/AN/A6/30/2017319,64946,770N/A69,193N/A3/31/2017320,75054,146N/AN/AN/A12/31/2016322,99850,964N/A64,034N/A9/30/2016333,48248,300N/AN/AN/A6/30/2016348,48862,580N/A74,894N/A3/31/2016362,79262,102N/AN/AN/A12/31/2015378,64576,190N/A81,309N/A9/30/2015378,99681,282N/AN/AN/A6/30/2015373,43166,985N/A66,417N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SHMの予測収益成長率 (年間16.5% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: SHMの収益 ( 16.5% ) German市場 ( 16.9% ) よりも低い成長が予測されています。高成長収益: SHMの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: SHMの収益 ( 5.2% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: SHMの収益 ( 5.2% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SHMの 自己資本利益率 は、3年後には低くなると予測されています ( 8.4 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 13:13終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Shimano Inc. 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。23 アナリスト機関Yusuke NishizakiBofA Global ResearchGraeme McDonaldCitigroup IncMorten PaulsenCLSA20 その他のアナリストを表示
お知らせ • Oct 28Shimano Inc. Provides Consolidated Earnings Guidance for Year Ending December 31, 2025Shimano Inc. provided consolidated earnings guidance for year ending December 31, 2025. For the year, the company expected net sales of JPY 460,000 million; Operating income of JPY 46,000 million; Net income attributable to owners of parent of JPY 30,500 million and Basic earnings per share of JPY 350.88.
お知らせ • Oct 29Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024Shimano Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2024. For the year, the company net sales of JPY 450,000 million, Operating income of JPY 66,000 million, Net income attributable to owners of parent of JPY 56,000 million and Basic earnings per share of JPY 626.92 compared to previous guidance of net sales of JPY 450,000 million, Operating income of JPY 66,000 million, Net income attributable to owners of parent of JPY 77,000 million and Basic earnings per share of JPY 862.01.
お知らせ • Jul 30+ 1 more updateShimano Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2024Shimano Inc. provided earnings guidance for the full year ending December 31, 2024. For the full year, the company expects net sales of JPY 450,000 million; Operating income of JPY 66,000 million; Net income attributable to owners of parent of JPY 77,000 million, Basic earnings per share of JPY 862.01.
お知らせ • Feb 13+ 1 more updateShimano Inc. Provides Earnings Guidance for the First Half and Full Fiscal Year 2024Shimano Inc. provided earnings guidance for the first half and full fiscal year 2024. For the First half, the company expects net sales of JPY 190,000 million; Operating income of JPY 18,000 million; Net income attributable to owners of parent of JPY 21,000 million, Basic earnings per share of JPY 233.42.For the full year, the company expects net sales of JPY 420,000 million; Operating income of JPY 53,000 million; Net income attributable to owners of parent of JPY 54,000 million, Basic earnings per share of JPY 600.23.
お知らせ • Oct 27Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Shimano Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales of JPY 462,000 million, operating income of JPY 77,000 million, net income attributable to owners of parent of JPY 66,000 million and basic earnings per share of JPY 730.77 against net sales of JPY 450,000 million, operating income of JPY 70,000 million, net income attributable to owners of parent of JPY 69,000 million and basic earnings per share of JPY 763.24 as previously forecasted.
Declared Dividend • 13hDividend of JP¥182 announcedShareholders will receive a dividend of JP¥182. Ex-date: 29th June 2026 Payment date: 2nd September 2026 Dividend yield will be 197%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (172% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 26Shimano Inc. to Report Q1, 2026 Results on Apr 23, 2026Shimano Inc. announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on Apr 23, 2026
お知らせ • Feb 11+ 1 more updateShimano Inc. Provides Dividend Guidance for Second Quarter and Full End of the Fiscal Year Ending December 31, 2026Shimano Inc. provides Dividend guidance for second quarter and full year of the fiscal year ending December 31, 2026. For the quarter, the company expects dividend of JPY 181.50 per share compared to JPY 169.50 per share a year ago. For the year end, the company expects dividend of JPY 181.50 per share compared to JPY 169.50 per share a year ago.
お知らせ • Feb 10+ 1 more updateShimano Inc., Annual General Meeting, Mar 24, 2026Shimano Inc., Annual General Meeting, Mar 24, 2026.
お知らせ • Dec 16Shimano Inc. to Report Fiscal Year 2025 Results on Feb 10, 2026Shimano Inc. announced that they will report fiscal year 2025 results on Feb 10, 2026
お知らせ • Oct 28Shimano Inc. Provides Consolidated Earnings Guidance for Year Ending December 31, 2025Shimano Inc. provided consolidated earnings guidance for year ending December 31, 2025. For the year, the company expected net sales of JPY 460,000 million; Operating income of JPY 46,000 million; Net income attributable to owners of parent of JPY 30,500 million and Basic earnings per share of JPY 350.88.
お知らせ • Sep 21Shimano Inc. to Report Q3, 2025 Results on Oct 28, 2025Shimano Inc. announced that they will report Q3, 2025 results on Oct 28, 2025
お知らせ • Jun 17Shimano Inc. to Report Q2, 2025 Results on Jul 29, 2025Shimano Inc. announced that they will report Q2, 2025 results on Jul 29, 2025
お知らせ • Mar 19Shimano Inc. to Report Q1, 2025 Results on Apr 23, 2025Shimano Inc. announced that they will report Q1, 2025 results on Apr 23, 2025
お知らせ • Feb 12+ 1 more updateShimano Inc., Annual General Meeting, Mar 27, 2025Shimano Inc., Annual General Meeting, Mar 27, 2025.
Board Change • Dec 30Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Hiromi Wada was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 19Shimano Inc. to Report Fiscal Year 2024 Results on Feb 12, 2025Shimano Inc. announced that they will report fiscal year 2024 results on Feb 12, 2025
Reported Earnings • Oct 30Third quarter 2024 earnings released: JP¥26.43 loss per share (vs JP¥108 profit in 3Q 2023)Third quarter 2024 results: JP¥26.43 loss per share (down from JP¥108 profit in 3Q 2023). Revenue: JP¥118.0b (up 5.3% from 3Q 2023). Net loss: JP¥2.36b (down 124% from profit in 3Q 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 29Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024Shimano Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2024. For the year, the company net sales of JPY 450,000 million, Operating income of JPY 66,000 million, Net income attributable to owners of parent of JPY 56,000 million and Basic earnings per share of JPY 626.92 compared to previous guidance of net sales of JPY 450,000 million, Operating income of JPY 66,000 million, Net income attributable to owners of parent of JPY 77,000 million and Basic earnings per share of JPY 862.01.
Buy Or Sell Opportunity • Oct 23Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to €145. The fair value is estimated to be €183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.1% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
お知らせ • Sep 20Shimano Inc. to Report Q3, 2024 Results on Oct 29, 2024Shimano Inc. announced that they will report Q3, 2024 results on Oct 29, 2024
Declared Dividend • Aug 02First half dividend of JP¥155 announcedShareholders will receive a dividend of JP¥155. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 98%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: JP¥224 (vs JP¥334 in 2Q 2023)Second quarter 2024 results: EPS: JP¥224 (down from JP¥334 in 2Q 2023). Revenue: JP¥116.3b (down 15% from 2Q 2023). Net income: JP¥20.0b (down 34% from 2Q 2023). Profit margin: 17% (down from 22% in 2Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 30+ 1 more updateShimano Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2024Shimano Inc. provided earnings guidance for the full year ending December 31, 2024. For the full year, the company expects net sales of JPY 450,000 million; Operating income of JPY 66,000 million; Net income attributable to owners of parent of JPY 77,000 million, Basic earnings per share of JPY 862.01.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥143 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 04 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.5%).
お知らせ • Jun 19Shimano Inc. to Report Q2, 2024 Results on Jul 30, 2024Shimano Inc. announced that they will report Q2, 2024 results on Jul 30, 2024
Buy Or Sell Opportunity • May 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to €157. The fair value is estimated to be €130, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.6%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.
お知らせ • Apr 26Shimano Inc. (TSE:7309) announces an Equity Buyback for 1,000,000 shares, representing 1.11% for ¥26,000 million.Shimano Inc. (TSE:7309) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.11% of its issued share capital (excluding treasury stock), for ¥26,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, and to carry out flexible management that responds to changes in the corporate environment. The program will expire on March 31, 2025. As of March 31, 2024, the company had 89,822,000 issued shares (excluding treasury stock) and 56,057 treasury shares.
Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: JP¥264 (vs JP¥223 in 1Q 2023)First quarter 2024 results: EPS: JP¥264 (up from JP¥223 in 1Q 2023). Revenue: JP¥100.6b (down 20% from 1Q 2023). Net income: JP¥23.7b (up 17% from 1Q 2023). Profit margin: 24% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year.
Declared Dividend • Apr 11Final dividend of JP¥143 announcedShareholders will receive a dividend of JP¥143. Ex-date: 27th June 2024 Payment date: 4th September 2024 Dividend yield will be 106%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 17Shimano Inc. to Report Q1, 2024 Results on Apr 23, 2024Shimano Inc. announced that they will report Q1, 2024 results on Apr 23, 2024
Reported Earnings • Feb 14Full year 2023 earnings released: EPS: JP¥677 (vs JP¥1,408 in FY 2022)Full year 2023 results: EPS: JP¥677 (down from JP¥1,408 in FY 2022). Revenue: JP¥474.4b (down 25% from FY 2022). Net income: JP¥61.1b (down 52% from FY 2022). Profit margin: 13% (down from 20% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
お知らせ • Feb 13+ 1 more updateShimano Inc. Provides Earnings Guidance for the First Half and Full Fiscal Year 2024Shimano Inc. provided earnings guidance for the first half and full fiscal year 2024. For the First half, the company expects net sales of JPY 190,000 million; Operating income of JPY 18,000 million; Net income attributable to owners of parent of JPY 21,000 million, Basic earnings per share of JPY 233.42.For the full year, the company expects net sales of JPY 420,000 million; Operating income of JPY 53,000 million; Net income attributable to owners of parent of JPY 54,000 million, Basic earnings per share of JPY 600.23.
お知らせ • Dec 27Shimano Inc., Annual General Meeting, Mar 27, 2024Shimano Inc., Annual General Meeting, Mar 27, 2024.
お知らせ • Dec 23Shimano Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024Shimano Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024
Upcoming Dividend • Dec 21Upcoming dividend of JP¥143 per share at 1.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.9%).
お知らせ • Oct 27Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Shimano Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales of JPY 462,000 million, operating income of JPY 77,000 million, net income attributable to owners of parent of JPY 66,000 million and basic earnings per share of JPY 730.77 against net sales of JPY 450,000 million, operating income of JPY 70,000 million, net income attributable to owners of parent of JPY 69,000 million and basic earnings per share of JPY 763.24 as previously forecasted.
New Risk • Oct 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
お知らせ • Oct 26Shimano Inc. Provides Year-End Dividend Guidance for the Fiscal Year Ending December 31, 2023Shimano Inc. provided year-end dividend guidance for the fiscal year ending December 31, 2023. For the year, the company expects to pay year-end dividend of JPY 142.50 per share against JPY 142.50 per share paid for the same period a year ago.
お知らせ • Sep 22Shimano Inc. to Report Q3, 2023 Results on Oct 24, 2023Shimano Inc. announced that they will report Q3, 2023 results on Oct 24, 2023
New Risk • Aug 15New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
お知らせ • Jul 26+ 2 more updatesShimano Inc. Provides Dividend Guidance for the Year Ending December 31, 2023Shimano Inc. provided dividend guidance for the year ending December 31, 2023. For the year the company expects to pay the dividend of JPY 142.50 per share against JPY 142.50 per share a year ago.
Reported Earnings • Jul 26Second quarter 2023 earnings released: EPS: JP¥334 (vs JP¥437 in 2Q 2022)Second quarter 2023 results: EPS: JP¥334 (down from JP¥437 in 2Q 2022). Revenue: JP¥137.2b (down 14% from 2Q 2022). Net income: JP¥30.2b (down 24% from 2Q 2022). Profit margin: 22% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥143 per share at 1.2% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.3%).
お知らせ • Jun 20Shimano Inc. to Report Q2, 2023 Results on Jul 25, 2023Shimano Inc. announced that they will report Q2, 2023 results on Jul 25, 2023
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: JP¥223 (vs JP¥314 in 1Q 2022)First quarter 2023 results: EPS: JP¥223 (down from JP¥314 in 1Q 2022). Revenue: JP¥126.1b (down 13% from 1Q 2022). Net income: JP¥20.2b (down 30% from 1Q 2022). Profit margin: 16% (down from 20% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 15Full year 2022 earnings released: EPS: JP¥1,408 (vs JP¥1,253 in FY 2021)Full year 2022 results: EPS: JP¥1,408 (up from JP¥1,253 in FY 2021). Revenue: JP¥628.9b (up 15% from FY 2021). Net income: JP¥128.2b (up 11% from FY 2021). Profit margin: 20% (in line with FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 23Shimano Inc., Annual General Meeting, Mar 29, 2023Shimano Inc., Annual General Meeting, Mar 29, 2023.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥118 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 31 March 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.9%).
お知らせ • Dec 18Shimano Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023Shimano Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: JP¥495 (vs JP¥324 in 3Q 2021)Third quarter 2022 results: EPS: JP¥495 (up from JP¥324 in 3Q 2021). Revenue: JP¥164.0b (up 26% from 3Q 2021). Net income: JP¥44.9b (up 50% from 3Q 2021). Profit margin: 27% (up from 23% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Sadayuki Sakakibara was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: JP¥495 (vs JP¥324 in 3Q 2021)Third quarter 2022 results: EPS: JP¥495 (up from JP¥324 in 3Q 2021). Revenue: JP¥164.0b (up 26% from 3Q 2021). Net income: JP¥44.9b (up 50% from 3Q 2021). Profit margin: 27% (up from 23% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.9% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 27Second quarter 2022 earnings released: EPS: JP¥437 (vs JP¥296 in 2Q 2021)Second quarter 2022 results: EPS: JP¥437 (up from JP¥296 in 2Q 2021). Revenue: JP¥159.6b (up 16% from 2Q 2021). Net income: JP¥39.8b (up 45% from 2Q 2021). Profit margin: 25% (up from 20% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 1.6% compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥118 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (2.9%).
Buying Opportunity • Jun 14Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €192, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is also forecast to grow by 3.1% per annum over the same time period.
Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: JP¥314 (vs JP¥308 in 1Q 2021)First quarter 2022 results: EPS: JP¥314 (up from JP¥308 in 1Q 2021). Revenue: JP¥144.0b (up 14% from 1Q 2021). Net income: JP¥28.7b (flat on 1Q 2021). Profit margin: 20% (down from 23% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Sadayuki Sakakibara was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 09Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: JP¥1,253 (up from JP¥685 in FY 2020). Revenue: JP¥546.5b (up 45% from FY 2020). Net income: JP¥115.9b (up 83% from FY 2020). Profit margin: 21% (up from 17% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Over the next year, revenue is expected to shrink by 2.2% compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 23Upcoming dividend of JP¥118 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.5%).
Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS JP¥324 (vs JP¥173 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥130.5b (up 26% from 3Q 2020). Net income: JP¥30.0b (up 87% from 3Q 2020). Profit margin: 23% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year.
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS JP¥296 (vs JP¥125 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥138.3b (up 66% from 2Q 2020). Net income: JP¥27.4b (up 138% from 2Q 2020). Profit margin: 20% (up from 14% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year.
Upcoming Dividend • Jun 23Upcoming dividend of JP¥77.50 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 02 September 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.6%).
Reported Earnings • Apr 29First quarter 2021 earnings released: EPS JP¥308 (vs JP¥212 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: JP¥126.4b (up 64% from 1Q 2020). Net income: JP¥28.6b (up 45% from 1Q 2020). Profit margin: 23% (down from 26% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year.
Is New 90 Day High Low • Mar 04New 90-day low: €187The company is down 4.0% from its price of €194 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €70.17 per share.
Reported Earnings • Feb 12Full year 2020 earnings released: EPS JP¥685 (vs JP¥559 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥378.0b (up 4.1% from FY 2019). Net income: JP¥63.5b (up 23% from FY 2019). Profit margin: 17% (up from 14% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectationsRevenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the Leisure industry in Germany.
Is New 90 Day High Low • Jan 19New 90-day high: €205The company is up 25% from its price of €164 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €75.72 per share.
Upcoming Dividend • Dec 22Upcoming Dividend of JP¥77.50 Per ShareWill be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 0.6% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (1.4%).
Reported Earnings • Nov 15Third quarter 2020 earnings released: EPS JP¥173The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: JP¥103.9b (up 19% from 3Q 2019). Net income: JP¥16.0b (down 11% from 3Q 2019). Profit margin: 15% (down from 21% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year.
Analyst Estimate Surprise Post Earnings • Nov 15Revenue beats expectationsRevenue exceeded analyst estimates by 25%. Over the next year, revenue is forecast to grow 7.3%, compared to a 12% growth forecast for the Leisure industry in Germany.
Is New 90 Day High Low • Oct 31New 90-day high: €195The company is up 4.0% from its price of €187 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Leisure industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.58 per share.
Analyst Estimate Surprise Post Earnings • Oct 29Third-quarter earnings released: Revenue beats expectationsThird-quarter revenue exceeded analyst estimates by 25% at JP¥103.9b. Revenue is forecast to grow 6.4% over the next year, compared to a 11% growth forecast for the Leisure industry in Germany.
Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of JP¥56.3b, largely unchanged from the prior year. Total revenue was JP¥357.9b over the last 12 months, down 1.6% from the prior year.
Is New 90 Day High Low • Oct 12New 90-day low: €167The company is down 3.0% from its price of €173 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €68.93 per share.
お知らせ • Oct 05Shimano Inc. to Report Q3, 2020 Results on Oct 27, 2020Shimano Inc. announced that they will report Q3, 2020 results on Oct 27, 2020
お知らせ • Jun 21Shimano Inc. to Report Q2, 2020 Results on Jul 28, 2020Shimano Inc. announced that they will report Q2, 2020 results on Jul 28, 2020