Announcement • Apr 28
Shimadzu Corporation (TSE:7701) acquired 75% stake in Plasmion GmbH. Shimadzu Corporation (TSE:7701) acquired 75% stake in Plasmion GmbH on March 23, 2026. Thomas Wolf and Jan-Christoph Wolf, will continue to hold 25% of the company's shares and remain involved in management.
Shimadzu Corporation (TSE:7701) completed the acquisition of 75% stake in Plasmion GmbH on March 23, 2026. Announcement • Apr 08
Shimadzu Corporation to Report Fiscal Year 2026 Results on May 12, 2026 Shimadzu Corporation announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). New Risk • Mar 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Feb 25
Now 22% overvalued Over the last 90 days, the stock has fallen 2.1% to JP¥4,338. The fair value is estimated to be JP¥3,554, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥53.50 (vs JP¥50.62 in 3Q 2025) Third quarter 2026 results: EPS: JP¥53.50 (up from JP¥50.62 in 3Q 2025). Revenue: JP¥142.4b (up 7.0% from 3Q 2025). Net income: JP¥15.5b (up 4.2% from 3Q 2025). Profit margin: 11% (in line with 3Q 2025). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Announcement • Jan 06
Shimadzu Corporation to Report Q3, 2026 Results on Feb 05, 2026 Shimadzu Corporation announced that they will report Q3, 2026 results on Feb 05, 2026 Announcement • Dec 26
Shimadzu Corporation (TSE:7701) agreed to acquire Tescan Group, A.S. from The Carlyle Group Inc. (NasdaqGS:CG) for approximately $680 million. Shimadzu Corporation (TSE:7701) agreed to acquire Tescan Group, A.S. from The Carlyle Group Inc. (NasdaqGS:CG) for approximately $680 million on December 25, 2025. The transaction will be funded though cash on hand and external borrowings, with no expected share dilution.
The expected completion of the transaction is during the first half of calendar year 2026.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor for Shimadzu Corporation. Clifford Chance Law Office acted as legal advisor for Shimadzu Corporation. Declared Dividend • Dec 03
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 1.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 12
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to JP¥4,394. The fair value is estimated to be JP¥3,600, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period. Reported Earnings • Nov 08
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥54.37 (up from JP¥38.49 in 2Q 2025). Revenue: JP¥138.0b (up 2.7% from 2Q 2025). Net income: JP¥15.7b (up 39% from 2Q 2025). Profit margin: 11% (up from 8.4% in 2Q 2025). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%). Announcement • Sep 01
Shimadzu Corporation to Report Q2, 2026 Results on Nov 07, 2025 Shimadzu Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: JP¥27.42 (down from JP¥33.89 in 1Q 2025). Revenue: JP¥118.4b (up 1.2% from 1Q 2025). Net income: JP¥7.92b (down 21% from 1Q 2025). Profit margin: 6.7% (down from 8.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 09
Final dividend of JP¥26.00 announced Shareholders will receive a dividend of JP¥26.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (34% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 01
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥184 (down from JP¥194 in FY 2024). Revenue: JP¥539.0b (up 5.3% from FY 2024). Net income: JP¥53.8b (down 5.7% from FY 2024). Profit margin: 10.0% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic 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 7% per year, which means it is significantly lagging earnings. Board Change • Jun 26
High number of new directors Independent Outside Part Time Director Kitano Mie was the last director to join the board, commencing their role in 2024. Announcement • Jun 05
Shimadzu Corporation to Report Q1, 2026 Results on Aug 07, 2025 Shimadzu Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • May 15
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 13
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥184 (down from JP¥194 in FY 2024). Revenue: JP¥539.0b (up 5.3% from FY 2024). Net income: JP¥53.8b (down 5.7% from FY 2024). Profit margin: 10.0% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electronic 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 • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to JP¥3,456. The fair value is estimated to be JP¥4,435, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 5.7%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%). Announcement • Mar 01
Shimadzu Corporation to Report Fiscal Year 2025 Results on May 12, 2025 Shimadzu Corporation announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 06
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥50.62 (up from JP¥42.43 in 3Q 2024). Revenue: JP¥133.0b (up 5.5% from 3Q 2024). Net income: JP¥14.8b (up 19% from 3Q 2024). Profit margin: 11% (up from 9.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 24
Now 21% overvalued Over the last 90 days, the stock has fallen 1.1% to JP¥4,455. The fair value is estimated to be JP¥3,685, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 7.6%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period. Buy Or Sell Opportunity • Jan 08
Now 20% overvalued Over the last 90 days, the stock has fallen 9.1% to JP¥4,452. The fair value is estimated to be JP¥3,703, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 7.6%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 8.2% per annum over the same time period. Buy Or Sell Opportunity • Dec 10
Now 21% overvalued Over the last 90 days, the stock has fallen 2.6% to JP¥4,414. The fair value is estimated to be JP¥3,652, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 7.6%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period. Declared Dividend • Dec 04
First half dividend of JP¥36.00 announced Shareholders will receive a dividend of JP¥36.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 30
Shimadzu Corporation to Report Q3, 2025 Results on Feb 05, 2025 Shimadzu Corporation announced that they will report Q3, 2025 results on Feb 05, 2025 Board Change • Nov 15
Less than half of directors are independent Following 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. 4 non-independent directors. Independent Outside Director Nami Hamada was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 08
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: JP¥38.49 (down from JP¥52.42 in 2Q 2024). Revenue: JP¥134.3b (up 3.1% from 2Q 2024). Net income: JP¥11.3b (down 27% from 2Q 2024). Profit margin: 8.4% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Oct 04
Shimadzu Corporation to Report First Half, 2025 Results on Nov 07, 2024 Shimadzu Corporation announced that they will report first half, 2025 results on Nov 07, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.5%). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥33.89 (vs JP¥37.67 in 1Q 2024) First quarter 2025 results: EPS: JP¥33.89 (down from JP¥37.67 in 1Q 2024). Revenue: JP¥116.9b (up 7.1% from 1Q 2024). Net income: JP¥9.99b (down 10.0% from 1Q 2024). Profit margin: 8.5% (down from 10% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to JP¥4,442. The fair value is estimated to be JP¥3,657, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥26.00 announced Shareholders will receive a dividend of JP¥26.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 1.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 08
Shimadzu Corporation to Report Q1, 2025 Results on Aug 07, 2024 Shimadzu Corporation announced that they will report Q1, 2025 results on Aug 07, 2024 Buy Or Sell Opportunity • May 27
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.2% to JP¥4,288. The fair value is estimated to be JP¥3,522, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 5.9% per annum over the same time period. Reported Earnings • May 12
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥194 (up from JP¥177 in FY 2023). Revenue: JP¥511.9b (up 6.1% from FY 2023). Net income: JP¥57.0b (up 9.6% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Shimadzu Corporation, Annual General Meeting, Jun 26, 2024 Shimadzu Corporation, Annual General Meeting, Jun 26, 2024. Announcement • May 11
Shimadzu Corporation (TSE:7701) announces an Equity Buyback for 12,500,000 shares, representing 4.24% for ¥25,000 million. Shimadzu Corporation (TSE:7701) announces a share repurchase program. Under the program, the company will repurchase 12,500,000 shares, representing 8.89% of its share capital, for ¥25,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until March 31, 2025. As of March 31, 2024, the company had 294,814,624 shares outstanding (excluding treasury shares) and 1,255,603 shares in treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%). Announcement • Mar 02
Shimadzu Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Shimadzu Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Buy Or Sell Opportunity • Mar 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.0% to JP¥4,135. The fair value is estimated to be JP¥3,405, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Reported Earnings • Feb 08
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: JP¥42.43 (up from JP¥38.76 in 3Q 2023). Revenue: JP¥126.1b (up 7.3% from 3Q 2023). Net income: JP¥12.5b (up 9.5% from 3Q 2023). Profit margin: 9.9% (in line with 3Q 2023). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 4.8%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Nov 29
Shimadzu Corporation to Report Q3, 2024 Results on Feb 06, 2024 Shimadzu Corporation announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥52.42 (down from JP¥53.67 in 2Q 2023). Revenue: JP¥130.3b (up 5.7% from 2Q 2023). Net income: JP¥15.5b (down 2.3% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥23.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.4%). Announcement • Aug 27
Shimadzu Corporation to Report Q2, 2024 Results on Nov 07, 2023 Shimadzu Corporation announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥37.67 (up from JP¥29.48 in 1Q 2023). Revenue: JP¥109.2b (up 11% from 1Q 2023). Net income: JP¥11.1b (up 28% from 1Q 2023). Profit margin: 10% (up from 8.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jun 10
Shimadzu Corporation (TSE:7701) acquired Biomaneo. Shimadzu Corporation (TSE:7701) acquired Biomaneo on May 31, 2023.Shimadzu Corporation (TSE:7701) completed the acquisition of Biomaneo on May 31, 2023. Announcement • Jun 02
Shimadzu Corporation to Report Q1, 2024 Results on Aug 04, 2023 Shimadzu Corporation announced that they will report Q1, 2024 results on Aug 04, 2023 Announcement • May 12
Shimadzu Corporation, Annual General Meeting, Jun 28, 2023 Shimadzu Corporation, Annual General Meeting, Jun 28, 2023. Reported Earnings • May 12
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥177 (up from JP¥160 in FY 2022). Revenue: JP¥482.2b (up 13% from FY 2022). Net income: JP¥52.0b (up 10% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 09
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: JP¥38.76 (down from JP¥45.45 in 3Q 2022). Revenue: JP¥117.6b (up 13% from 3Q 2022). Net income: JP¥11.4b (down 15% from 3Q 2022). Profit margin: 9.7% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Dec 14
Shimadzu Corporation to Report Nine Months, 2023 Results on Feb 06, 2023 Shimadzu Corporation announced that they will report nine months, 2023 results on Feb 06, 2023 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Senior Managing Executive Officer, CFO & Director Akira Watanabe was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: JP¥53.67 (up from JP¥39.91 in 2Q 2022). Revenue: JP¥123.3b (up 14% from 2Q 2022). Net income: JP¥15.8b (up 35% from 2Q 2022). Profit margin: 13% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.6%). Announcement • Sep 07
Shimadzu Corporation to Report First Half, 2023 Results on Nov 07, 2022 Shimadzu Corporation announced that they will report first half, 2023 results on Nov 07, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: EPS: JP¥29.48 (down from JP¥29.62 in 1Q 2022). Revenue: JP¥98.6b (up 4.6% from 1Q 2022). Net income: JP¥8.69b (flat on 1Q 2022). Profit margin: 8.8% (down from 9.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 7.5%, compared to a 9.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 18
Shimadzu Corporation to Report Q1, 2023 Results on Aug 05, 2022 Shimadzu Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Announcement • May 12
Shimadzu Corporation, Annual General Meeting, Jun 28, 2022 Shimadzu Corporation, Annual General Meeting, Jun 28, 2022. Reported Earnings • May 11
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥160 (up from JP¥123 in FY 2021). Revenue: JP¥428.2b (up 8.8% from FY 2021). Net income: JP¥47.3b (up 31% from FY 2021). Profit margin: 11% (up from 9.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 5.2%, compared to a 8.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Yoshiyuki Nakanishi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 02
Shimadzu Corporation to Report Fiscal Year 2022 Results on May 10, 2022 Shimadzu Corporation announced that they will report fiscal year 2022 results on May 10, 2022