1. Japan Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Footwear & Accessories
Shoei Co., Ltd.

Shoei Co., Ltd.

SHOFF
Shoei Co., Ltd.US flagOther OTC
11.43
USD
+0.23
- -
569.31MMarket Cap
Shoei Co., Ltd.
SHOFF
(Other OTC)

Recent

price

11.43

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
182.95
164.24
156.23
202.56
243.37
258.59
256.66
283.95
311.32
337.95
360.36
442.45
539.68
626.47
678.7
615.78
653.55
Revenue per Share
11.6
3.95
1.2
14.51
30.3
36.25
39.81
42.83
46.81
53.29
61.94
82.1
112.18
131.73
139.9
120.22
137.82
Basic EPS, GAAP
32.94
2.94
0.41
19.56
39.81
20
42.16
13.16
39.18
43.08
60.49
74.07
80.61
75.63
123.04
159.51
- -
Free Cash Flow per Basic Share
7.51
5.75
2.02
0.52
7.26
14.98
18
19.75
21.24
23.28
26.96
31.04
40.98
55.96
67.01
69.94
- -
Dividend per Share
135.85
134.05
133.25
134.97
158.02
178.66
200.47
223.55
249.1
279.13
295.43
348.57
419.87
495.42
578.23
630.42
503.55
Book Value per Share
115.88
117.45
109.42
136.53
161.48
182.16
189.29
221.32
246.73
272.3
287.24
342.98
424.23
502.89
556.79
609.98
472.04
Tangible Book Value per Share
55
55
55
55
55
55
55
55
55
55
54
54
54
54
53
53
53
Basic Weighted Avg Shares
10,078
9,047
8,607
11,159
13,407
14,244
14,138
15,641
17,149
18,616
19,480
23,753
28,954
33,617
35,791
32,364
34,855
Sales/Revenue/Turnover
13.73
9.99
1.13
12.01
20.63
22.54
22.25
22.13
21.77
22.58
24.33
25.36
28.95
29.23
28.86
27.5
29.2
Operating Margin (%)
707
454
543
502
398
509
615
606
953
868
907
1,092
1,014
1,486
1,737
1,464
- -
Depreciation Expense
639
218
66
799
1,669
1,997
2,193
2,359
2,578
2,935
3,348
4,407
6,019
7,069
7,378
6,318
7,350
Net Income, GAAP
33.88
36.67
60.46
38.48
36.79
33.92
32.16
31.97
31.2
29.78
29.48
27.68
29.22
28.3
29.56
28.88
28.69
Effective Tax Rate (%)
6.34
2.41
0.77
7.16
12.45
14.02
15.51
15.08
15.03
15.77
17.19
18.55
20.79
21.03
20.61
19.52
21.09
Profit Margin (%)
4,734
4,967
4,773
6,417
7,790
8,684
8,953
10,221
11,221
12,439
12,553
14,948
18,116
20,853
21,928
24,683
17,597
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
227
339
346
358
426
383
510
LT Debt
6,427
6,499
6,058
7,547
8,933
10,101
10,489
12,256
13,660
15,066
15,631
18,529
22,895
27,145
29,546
32,236
25,353
Total Equity
13.68
8.73
0.61
11.67
19.83
20.95
19.62
19.74
18.96
19.65
20.58
23.67
26.41
25.82
24.02
19.6
27.53
Return on Invested Capital (%)
8.68
2.93
0.89
10.82
20.69
21.53
21
20.2
19.81
20.18
21.21
24.94
28.62
28.29
25.46
19.6
28.96
Return on Capital (%)
8.67
2.93
0.89
10.82
20.69
21.53
21
20.2
19.81
20.18
21.36
25.41
29.19
28.79
25.85
19.86
29.5
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'23
Dec'24
Mar'24
ST Debt
101
91
90
LT Borrowings
- -
- -
- -
LT Finance Leases
358
518
510
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
53
53
53
Market Capitalization
151,072
141,777
152,169

Working Capital

FRC

•

in mil. unless spec.
Sep'23
Dec'24
Mar'24
Total Current Assets
25,558
21,916
22,733
Cash, Cash Equivalents & STI
14,767
7,673
9,600
Accounts Receivable, Net
2,638
3,348
3,046
Inventories
6,221
8,159
8,993
Total Current Liabilities
4,706
4,031
5,136
Payables & Accruals
- -
- -
- -
ST Debt
101
91
90
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.48%
15.72%
9.1%
Free Cash Flow
40.07%
22.66%
29.2%
Net Income, GAAP
13.02%
15.13%
-14.36%
Sales/Revenue/Turnover
8.96%
11.37%
-9.58%
Total Cash Common Dividend
16.52%
20.91%
4.03%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,146
8,309
- -
- -
35,791
2025
- -
- -
- -
- -
32,364
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
35.88
- -
- -
- -
139.9
2025
- -
- -
- -
- -
120.22
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
67.01
2025
- -
- -
- -
- -
69.94
2026
- -
- -
- -
- -
- -
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Business
Shoei Co., Limited Shoei Co., Ltd. manufactures and sells premium motorcycle helmets under the SHOEI brand worldwide; the company offers full-face helmets such as the X-Fifteen, RF-1400, Z-8, and GT-Air 3; system or flip-up helmets including the NEOTEC 3; open-face or jet helmets like the J-Cruise 3; off-road helmets such as the VFX-WR and Glamster; and neo-classic models including the RYD and RFS-R, along with select helmets for government use, BMX competition, and accessories like visors and cheek pads. Founded on March 17, 1959, and headquartered at 1-31-7 Taito, Taito-ku, Tokyo, Japan, Shoei Co., Limited operates factories in Ibaraki and Iwate prefectures with made-in-Japan production emphasizing safety, comfort, fashion, and just-in-time processes using high-functionality Japanese materials; it serves more than 60 countries across Europe, North America, Asia, Oceania, and Japan through consolidated subsidiaries including SHOEI (EUROPA) GMBH in Germany, SHOEI EUROPE DISTRIBUTION SARL in France, SHOEI ITALIA S.R.L. in Italy, SHOEI ASIA CO., LTD. in Thailand, and SHOEI (SHANGHAI) CO., LTD. in China, commanding over 60% share of the global premium helmet market. Recent developments include the global launch of flagship models NEOTEC 3 in late 2023 and GT-Air 3 in 2024, alongside the J-Cruise 3 open-face helmet in September 2024 and BMX competition helmet X-GRID in September 2024; in April 2024, the company acquired land adjacent to the Ibaraki Factory for expansion, initiating construction of a new warehouse set for completion in December 2024 to streamline production and inventory; it renewed endorsement contracts with MotoGP riders Marc Márquez and Álex Márquez through 2026; authorized a share buyback plan on November 14, 2025; plans a SHOEI HELMET PARK museum, showroom, shop, and dining facility on the new site for spring 2026 to bolster brand strength; and continues PFS custom-fit services with growing adoption while targeting production of 650,000 units in fiscal year ending September 2025.