Shimano Second Quarter 2024 Earnings: Beats Expectations

Shimano (TSE:7309) Second Quarter 2024 Results

Key Financial Results

• 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).
• EPS: JP¥224 (down from JP¥334 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shimano Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, 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.

Performance of the Japanese Leisure industry.

The company's shares are up 3.7% from a week ago.

Valuation

Following the latest earnings results, Shimano may be overvalued based on 6 different valuation benchmarks we assess. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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