Shimano Inc.

Shimano Inc.

7309.T
Shimano Inc.JP flagTokyo Stock Exchange
17,110.00
JPY
-270.00
- -
1.47TMarket Cap
Shimano Inc.
7309.T
(Tokyo Stock Exchange)

Recent

price

17,110.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2,265.21
2,365.09
2,651.83
2,923.62
3,593.85
4,084.45
3,484.22
3,622.36
3,754.34
3,918.3
4,078.1
5,904.7
6,909.44
5,250.51
5,042.11
5,324.48
4,764.6
Revenue per Share
202.78
211.82
296.49
378.49
552.69
821.86
549.76
414.69
581.77
559.14
684.7
1,252.61
1,408.21
676.75
853.36
388.18
606.35
Basic EPS, GAAP
227.24
132.59
159.59
248.33
252.03
558.96
340.18
572.49
270.73
451.11
681.69
993.7
906.88
907.31
462.5
203.62
- -
Free Cash Flow per Basic Share
61.15
59.66
68.34
81.02
95.99
129.94
154.96
154.94
154.97
154.98
155.03
395.39
236.17
285.61
297.72
326.71
- -
Dividend per Share
1,922.43
2,081.84
2,291.32
2,588.84
3,045.56
3,741.55
4,136.36
4,396.1
4,822.86
5,227.06
5,756.84
6,502.83
7,402.12
7,557.46
7,948.81
7,609.46
7,897.71
Book Value per Share
1,743.64
1,852.09
2,235.8
2,788.13
3,432.14
3,865.88
4,049.59
4,470.67
4,733.52
5,130.75
5,550.57
6,488.2
7,923.97
8,637.97
9,599.73
9,594.8
9,558.74
Tangible Book Value per Share
94
94
93
93
93
93
93
93
93
93
93
93
91
90
89
88
90
Basic Weighted Avg Shares
213,596
221,770
245,843
271,037
333,168
378,645
322,998
335,800
348,035
363,230
378,040
546,515
628,909
474,362
450,993
466,243
427,999
Sales/Revenue/Turnover
15.34
14.31
16.66
15.41
19.75
22.46
19.98
19.16
18.87
18.72
21.88
27.13
26.9
17.64
14.43
11.08
14.18
Operating Margin (%)
9,764
9,925
10,222
12,203
13,505
15,565
15,534
18,805
17,512
18,130
18,270
18,749
20,992
23,937
25,037
27,208
- -
Depreciation Expense
19,121
19,862
27,487
35,088
51,237
76,190
50,964
38,443
53,931
51,833
63,472
115,937
128,178
61,142
76,329
33,991
54,468
Net Income, GAAP
30.8
32.52
28.4
22.32
25.41
24.08
25.6
29.5
24.27
27.36
25.1
24.46
26.23
26.47
22.34
39.39
22.81
Effective Tax Rate (%)
8.95
8.96
11.18
12.95
15.38
20.12
15.78
11.45
15.5
14.27
16.79
21.21
20.38
12.89
16.92
7.29
12.73
Profit Margin (%)
113,419
124,039
140,133
175,181
213,641
245,388
253,475
293,468
310,279
337,590
369,522
447,016
550,146
590,919
655,659
607,202
648,424
Working Capital
669
2,953
1,436
3,179
2,707
2,109
1,525
1,049
528
960
1,608
2,300
2,298
2,370
2,319
2,607
- -
LT Debt
173,600
181,773
216,364
270,913
331,193
371,296
391,380
430,465
453,457
489,236
529,786
616,650
741,094
802,394
883,610
869,501
882,590
Total Equity
12.87
11.44
13.86
12.56
15.31
17.25
12
10.62
10.94
10.26
11.87
18.85
17.64
7.79
5.92
3.52
5.43
Return on Invested Capital (%)
10.76
10.34
13.07
15
18.9
23.38
13.62
9.52
12.51
11.07
12.38
20.23
19.87
8.93
10.86
4.89
7.71
Return on Capital (%)
10.81
10.55
13.49
15.51
19.62
24.22
13.96
9.72
12.62
11.13
12.47
20.42
20.1
9.01
10.95
4.94
7.76
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
1,022
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
2,370
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
90
90
89
Market Capitalization
1,977,228
2,052,592
2,231,801

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
652,753
675,984
719,524
Cash, Cash Equivalents & STI
493,933
506,586
548,981
Accounts Receivable, Net
31,602
39,101
41,692
Inventories
112,488
114,591
115,136
Total Current Liabilities
61,834
64,350
71,100
Payables & Accruals
- -
- -
- -
ST Debt
1,022
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.03%
10.67%
-1.6%
Free Cash Flow
2.23%
-14.37%
-56.9%
Net Income, GAAP
1.15%
2.06%
-55.47%
Sales/Revenue/Turnover
3.49%
6.71%
3.38%
Total Cash Common Dividend
16.34%
28.81%
7.43%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
100,557
116,330
- -
- -
450,993
2025
- -
- -
- -
- -
466,243
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
263.69
- -
- -
- -
853.36
2025
- -
- -
- -
- -
388.18
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
297.72
2025
- -
- -
- -
- -
326.71
2026
- -
- -
- -
- -
- -
Business
Shimano Inc. is a global leader in the design, manufacture, and distribution of precision-engineered components for bicycles, fishing tackle, and rowing equipment. Founded in 1921 and headquartered in Sakai, Osaka, Japan, the company develops and sells bicycle components including drivetrains, brakes, wheels, pedals, and electronic shifting systems; fishing tackle such as reels, rods, and accessories; and rowing equipment alongside lifestyle gear products including footwear, apparel, and bags. Shimano operates in over 50 countries with a broad geographic footprint spanning Oceania, Asia, Europe, North America, and Latin America. The bicycle components segment constitutes over 80% of the company's sales, reflecting its dominance in global cycling component markets. In recent years, Shimano has advanced its product portfolio notably with the introduction of fully wireless and semi-wireless electronic groupsets such as the XTR, Deore XT Di2, and GRX series, integrating intelligent shifting technologies to enhance user experience and ride customization. A major update in 2025 includes the refreshed EP Series e-bike drive units with improved heat management and connectivity features, enabling superior performance and compatibility with third-party accessories. In terms of corporate developments, Shimano revised its 2025 financial forecasts following a favorable but cost-increased second quarter and addressed a U.S. class action settlement regarding crank inspections and warranties. The company also continues its environmental commitment by increasing recyclable packaging and targeting a 30% reduction in CO2 emissions by 2030, alongside steady investments in R&D with expenditures exceeding ¥13 billion annually. Shimano’s product innovation spans high-performance mechanical and electronic bicycle components; advanced fishing reel mechanisms and rods; and other related outdoor sporting goods. The company sustains a strong competitive position through continuous technological enhancements, global expansion efforts focused on emerging markets in Asia-Pacific, and strategic partnerships in cycling and fishing sports. Shimano employs over 12,000 individuals worldwide and reported consolidated net sales of approximately ¥520 billion in fiscal year 2023, underpinning its status as a foundational and innovative player in the global cycling and fishing industries.