Reported Earnings • Apr 24
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥148 (up from JP¥110 in 1Q 2025). Revenue: JP¥117.6b (up 3.6% from 1Q 2025). Net income: JP¥12.8b (up 31% from 1Q 2025). Profit margin: 11% (up from 8.6% in 1Q 2025). Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 11
Final dividend of JP¥182 announced Shareholders will receive a dividend of JP¥182. Ex-date: 29th June 2026 Payment date: 2nd September 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (174% 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 74% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 26
Shimano Inc. to Report Q1, 2026 Results on Apr 23, 2026 Shimano Inc. announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on Apr 23, 2026 New Risk • Feb 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.3% Last year net profit margin: 17% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (174% cash payout ratio). Profit margins are more than 30% lower than last year (7.3% net profit margin). Reported Earnings • Feb 11
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥388 (down from JP¥853 in FY 2024). Revenue: JP¥466.2b (up 3.4% from FY 2024). Net income: JP¥34.0b (down 56% from FY 2024). Profit margin: 7.3% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥170 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.2%). Announcement • Dec 16
Shimano Inc. to Report Fiscal Year 2025 Results on Feb 10, 2026 Shimano Inc. announced that they will report fiscal year 2025 results on Feb 10, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: JP¥139 (up from JP¥26.43 loss in 3Q 2024). Revenue: JP¥113.6b (down 3.7% from 3Q 2024). Net income: JP¥12.1b (up JP¥14.5b from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Oct 28
Shimano Inc. Provides Consolidated Earnings Guidance for Year Ending December 31, 2025 Shimano 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. Announcement • Sep 21
Shimano Inc. to Report Q3, 2025 Results on Oct 28, 2025 Shimano Inc. announced that they will report Q3, 2025 results on Oct 28, 2025 Declared Dividend • Sep 03
First half dividend of JP¥170 announced Shareholders will receive a dividend of JP¥170. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not covered by cash flows (152% cash payout ratio). The dividend has increased by an average of 12% 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 94% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥16,265, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Leisure industry in Japan. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥26,824 per share. Price Target Changed • Aug 02
Price target decreased by 7.8% to JP¥20,751 Down from JP¥22,495, the current price target is an average from 10 analysts. New target price is 25% above last closing price of JP¥16,590. Stock is down 34% over the past year. The company is forecast to post earnings per share of JP¥435 for next year compared to JP¥853 last year. Reported Earnings • Jul 30
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: JP¥66.46 loss per share (down from JP¥224 profit in 2Q 2024). Revenue: JP¥123.9b (up 6.5% from 2Q 2024). Net loss: JP¥5.83b (down 129% from profit in 2Q 2024). Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 25
Now 20% undervalued Over the last 90 days, the stock has risen 6.2% to JP¥21,290. The fair value is estimated to be JP¥26,757, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 32%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥170 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 03 September 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (1.9%). Announcement • Jun 17
Shimano Inc. to Report Q2, 2025 Results on Jul 29, 2025 Shimano Inc. announced that they will report Q2, 2025 results on Jul 29, 2025 Reported Earnings • Apr 24
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: JP¥110 (down from JP¥264 in 1Q 2024). Revenue: JP¥113.5b (up 13% from 1Q 2024). Net income: JP¥9.79b (down 59% from 1Q 2024). Profit margin: 8.6% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 11
Final dividend of JP¥170 announced Shareholders will receive a dividend of JP¥170. Ex-date: 27th June 2025 Payment date: 3rd September 2025 Dividend yield will be 1.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 12% 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 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 19
Shimano Inc. to Report Q1, 2025 Results on Apr 23, 2025 Shimano Inc. announced that they will report Q1, 2025 results on Apr 23, 2025 Price Target Changed • Feb 21
Price target decreased by 7.3% to JP¥22,550 Down from JP¥24,328, the current price target is an average from 9 analysts. New target price is 12% above last closing price of JP¥20,120. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of JP¥829 for next year compared to JP¥853 last year. Buy Or Sell Opportunity • Feb 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.3% to JP¥20,200. The fair value is estimated to be JP¥25,260, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period. Reported Earnings • Feb 13
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥853 (up from JP¥677 in FY 2023). Revenue: JP¥451.0b (down 4.9% from FY 2023). Net income: JP¥76.3b (up 25% from FY 2023). Profit margin: 17% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥155 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.6%). Announcement • Dec 19
Shimano Inc. to Report Fiscal Year 2024 Results on Feb 12, 2025 Shimano Inc. announced that they will report fiscal year 2024 results on Feb 12, 2025 Buy Or Sell Opportunity • Nov 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to JP¥20,965. The fair value is estimated to be JP¥26,386, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Major Estimate Revision • Nov 05
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥860 to JP¥697 per share. Revenue forecast steady at JP¥456.4b. Net income forecast to grow 83% next year vs 7.3% growth forecast for Leisure industry in Japan. Consensus price target of JP¥25,521 unchanged from last update. Share price was steady at JP¥23,335 over the past week. Reported Earnings • Oct 30
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind 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 exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Leisure industry in Japan. 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 12% per year, which means it has not declined as severely as earnings. Announcement • Oct 29
Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024 Shimano 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 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.1% to JP¥24,100. The fair value is estimated to be JP¥30,585, 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. Announcement • Sep 20
Shimano Inc. to Report Q3, 2024 Results on Oct 29, 2024 Shimano Inc. announced that they will report Q3, 2024 results on Oct 29, 2024 Price Target Changed • Aug 07
Price target increased by 8.2% to JP¥24,854 Up from JP¥22,980, the current price target is an average from 9 analysts. New target price is 7.5% below last closing price of JP¥26,860. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥869 for next year compared to JP¥677 last year. Buy Or Sell Opportunity • Aug 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.3% to JP¥23,565. The fair value is estimated to be JP¥29,864, 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. Declared Dividend • Aug 02
First half dividend of JP¥155 announced Shareholders will receive a dividend of JP¥155. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.6%. 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 31
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Leisure industry in Japan. 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 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥143 per share Eligible 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 Japanese dividend payers (3.4%). Lower than average of industry peers (1.6%). Announcement • Jun 19
Shimano Inc. to Report Q2, 2024 Results on Jul 30, 2024 Shimano Inc. announced that they will report Q2, 2024 results on Jul 30, 2024 Announcement • Apr 26
Shimano 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. Major Estimate Revision • Apr 25
Consensus EPS estimates increase by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥673 to JP¥796. Revenue forecast steady at JP¥440.2b. Net income forecast to grow 13% next year vs 12% growth forecast for Leisure industry in Japan. Consensus price target up from JP¥21,780 to JP¥22,797. Share price rose 5.9% to JP¥25,350 over the past week. Reported Earnings • Apr 24
First quarter 2024 earnings: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 143%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Apr 11
Final dividend of JP¥143 announced Dividend of JP¥143 is the same as last year. Ex-date: 27th June 2024 Payment date: 4th September 2024 Dividend yield will be 1.2%, which is lower than the industry average of 1.6%. 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. Announcement • Mar 17
Shimano Inc. to Report Q1, 2024 Results on Apr 23, 2024 Shimano Inc. announced that they will report Q1, 2024 results on Apr 23, 2024 Major Estimate Revision • Feb 21
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥485.8b to JP¥458.1b. EPS estimate also fell from JP¥833 per share to JP¥740 per share. Net income forecast to grow 10% next year vs 12% growth forecast for Leisure industry in Japan. Consensus price target broadly unchanged at JP¥21,780. Share price rose 3.8% to JP¥20,800 over the past week. Reported Earnings • Feb 14
Full year 2023 earnings: EPS misses analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Leisure industry in Japan. 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 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 05
Now 22% overvalued Over the last 90 days, the stock has fallen 4.9% to JP¥21,600. The fair value is estimated to be JP¥17,635, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Announcement • Dec 27
Shimano Inc., Annual General Meeting, Mar 27, 2024 Shimano Inc., Annual General Meeting, Mar 27, 2024. Announcement • Dec 23
Shimano Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024 Shimano Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥143 per share at 1.3% yield Eligible 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 Japanese dividend payers (3.5%). Lower than average of industry peers (1.7%).