Upcoming Dividend • Jun 22
Upcoming dividend of JP¥182 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 02 September 2026. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.1%. Lower than top quartile of Austrian dividend payers (4.0%). Lower than average of industry peers (2.5%). Tillkännagivande • Jun 16
Shimano Inc. to Report Q2, 2026 Results on Jul 28, 2026 Shimano Inc. announced that they will report Q2, 2026 results at 3:30 PM, Tokyo Standard Time on Jul 28, 2026 Declared Dividend • May 20
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 199%, 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. Tillkännagivande • 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 Tillkännagivande • 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 Declared Dividend • Nov 17
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 197%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (150% 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 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: JP¥139 (vs JP¥26.43 loss in 3Q 2024) 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 is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Leisure industry in Europe. 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 16% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 29
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 183%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (150% cash payout ratio). The dividend has increased by an average of 19% 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 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • 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. Declared Dividend • Sep 22
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 186%, which is higher than the industry average of 2.5%. 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 95% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • 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 176%, which is higher than the industry average of 2.5%. 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 18% After last week's 18% share price decline to €95.15, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Leisure industry in Europe. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €148 per share. Reported Earnings • Aug 01
Second quarter 2025 earnings released: JP¥66.46 loss per share (vs JP¥224 profit in 2Q 2024) 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 is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Leisure industry in Europe. 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 18% per year, which means it has not declined as severely as earnings. 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 Austrian dividend payers (5.1%). Lower than average of industry peers (3.0%). Tillkännagivande • 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 Buy Or Sell Opportunity • Jun 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to €128. The fair value is estimated to be €162, 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. Reported Earnings • Apr 23
Full year 2024 earnings released: EPS: JP¥853 (vs JP¥677 in FY 2023) 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 is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Leisure industry in Europe. 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 10% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to €124. The fair value is estimated to be €157, 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 6.4% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Declared Dividend • Apr 12
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 141%, which is higher than the industry average of 2.5%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 73%. Tillkännagivande • 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 Reported Earnings • Feb 13
Full year 2024 earnings released: EPS: JP¥853 (vs JP¥677 in FY 2023) 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 is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Leisure industry in Europe. 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 14% per year, which means it has not declined as severely as earnings. Board Change • Jan 28
Less than half of directors are independent Following 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. Upcoming Dividend • Dec 21
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 Austrian dividend payers (6.2%). Lower than average of industry peers (3.4%). Tillkännagivande • 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 Board Change • Dec 05
Less than half of directors are independent Following 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. Reported Earnings • Oct 30
Third 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. Tillkännagivande • 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 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.9% to €142. The fair value is estimated to be €181, 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. Tillkännagivande • 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 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 98%, which is higher than the industry average of 2.5%. Payout Ratios Payout ratio: 49%. Cash payout ratio: 42%. Reported Earnings • Jul 31
Second 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. Tillkännagivande • 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 Buy Or Sell Opportunity • Jun 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to €156. The fair value is estimated to be €129, 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 8.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Tillkännagivande • 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. Reported Earnings • Apr 24
First 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 9% per year. Declared Dividend • Apr 11
Final dividend of JP¥143 announced Shareholders 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. Tillkännagivande • 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 Reported Earnings • Feb 14
Full 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. Tillkännagivande • Dec 27
Shimano Inc., Annual General Meeting, Mar 27, 2024 Shimano Inc., Annual General Meeting, Mar 27, 2024. Tillkännagivande • 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 Austrian dividend payers (5.2%). Lower than average of industry peers (2.9%). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: JP¥108 (vs JP¥495 in 3Q 2022) Third quarter 2023 results: EPS: JP¥108 (down from JP¥495 in 3Q 2022). Revenue: JP¥112.0b (down 32% from 3Q 2022). Net income: JP¥9.79b (down 78% from 3Q 2022). Profit margin: 8.7% (down from 27% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Leisure industry in Europe. Tillkännagivande • Oct 27
Shimano Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023 Shimano 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. Tillkännagivande • Oct 26
Shimano Inc. Provides Year-End Dividend Guidance for the Fiscal Year Ending December 31, 2023 Shimano 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. Tillkännagivande • Sep 22
Shimano Inc. to Report Q3, 2023 Results on Oct 24, 2023 Shimano Inc. announced that they will report Q3, 2023 results on Oct 24, 2023 New Risk • Aug 15
New major risk - Revenue and earnings growth Earnings 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (4.2% average weekly change). Reported Earnings • Jul 26
Second 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. New Risk • Jun 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥143 per share at 1.2% yield Eligible 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 Austrian dividend payers (5.5%). Lower than average of industry peers (2.3%). Tillkännagivande • Jun 20
Shimano Inc. to Report Q2, 2023 Results on Jul 25, 2023 Shimano Inc. announced that they will report Q2, 2023 results on Jul 25, 2023 Reported Earnings • Apr 26
First 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. Reported Earnings • Feb 15
Full 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. Tillkännagivande • Dec 23
Shimano Inc., Annual General Meeting, Mar 29, 2023 Shimano Inc., Annual General Meeting, Mar 29, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥118 per share Eligible 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 Austrian dividend payers (5.4%). Lower than average of industry peers (2.9%). Tillkännagivande • Dec 18
Shimano Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 Shimano Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Board Change • Nov 16
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. 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 27
Third 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. Buying Opportunity • Oct 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €184, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings is forecast to decline by 0.4% per annum over the same time period. Buying Opportunity • Sep 27
Now 21% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be €212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings is forecast to decline by 0.2% per annum over the same time period. Tillkännagivande • Sep 18
Shimano Inc. to Report Q3, 2022 Results on Oct 25, 2022 Shimano Inc. announced that they will report Q3, 2022 results on Oct 25, 2022 Reported Earnings • Jul 27
Second 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 Austria. Tillkännagivande • Jun 22
Shimano Inc. to Report Q2, 2022 Results on Jul 26, 2022 Shimano Inc. announced that they will report Q2, 2022 results on Jul 26, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥118 per share Eligible 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 Austrian dividend payers (5.1%). Lower than average of industry peers (2.9%). Buying Opportunity • Jun 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be €190, 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 28
First 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 Austria. Board Change • Apr 28
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. 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. Tillkännagivande • Apr 27
Shimano Inc. (TSE:7309) announces an Equity Buyback for 1,000,000 shares, representing 1.09% for ¥28,000 million. Shimano Inc. (TSE:7309) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.09% of its issued share capital (excluding treasury stock), for ¥28,000 million. The purpose of the program is to to enhance shareholder returns and improve capital efficiency, and to carry out agile management in response to changes in the corporate environment. The program will expire on March 31, 2023. As of March 31, 2022, the company had 91,990,000 issued shares (excluding treasury stock) and 851,019 treasury shares. Tillkännagivande • Mar 29
Shimano Inc. to Report Q1, 2022 Results on Apr 26, 2022 Shimano Inc. announced that they will report Q1, 2022 results on Apr 26, 2022 Reported Earnings • Feb 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full 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 Austria. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥118 per share Eligible 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 Austrian dividend payers (3.7%). Lower than average of industry peers (1.5%). Reported Earnings • Oct 27
Third 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. Reported Earnings • Jul 30
Second 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. Reported Earnings • Apr 28
First 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. 