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Producer Manufacturing

Shima Seiki Mfg. Ltd.

Business Summary

Shima Seiki Mfg. Ltd. engages in the development, manufacture, sale, marketing and service of computerized flat knitting machines. Its operations are carried out through the following segments: Flat Knitting Machines, Design Systems, Glove and Sock Knitting Machines, and Others. The Flat Knitting Machines segment carries out the manufacture and sale of computerized knitting machines and semi-jacquard knitting machines. The Design Systems segment deals with the manufacture and sale of computer design systems and apparel CAD/CAM systems. The Glove and Sock Knitting Machines segment engages in the manufacture and sale of seamless glove and sock knitting machines. The Others segment includes knitting machine and design system parts business as well as repair and maintenance business. The company was founded by Masahiro Shima on February 4, 1962 and is headquartered in Wakayama, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue24,489M230.90M
Gross Profit5,962M56.21M
Operating income-9,172M-86.48M
Income before tax-17,610M-166.04M
Net income-17,866M-168.45M
EBITDA-6,440M-60.72M
Diluted EPS-517.69-4.88
Dividends Per Share200.18
Total Assets110,140M996.74M
Total liabilities20,100M181.90M
Total equity90,021M814.66M
Operating cash flow5,937M55.97M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 62,432M 71,858M 51,352M 33,206M 24,489M
Gross Profit 29,048M 33,439M 23,156M 11,629M 5,962M
Operating income 11,159M 14,857M 4,590M -5,644M -9,172M
Income before tax 9,979M 15,443M 5,099M -6,552M -17,610M
Net income 7,198M 11,279M 3,836M -8,427M -17,866M
EBITDA 13,390M 17,365M 7,187M -2,795M -6,440M
Diluted EPS 209.66 316.81 105.53 -239.66 -517.69
Dividends Per Share 45 60 55 35 20
Total Assets 141,931M 154,672M 145,356M 130,695M 110,140M
Total liabilities 37,048M 31,179M 24,186M 22,741M 20,100M
Total equity 104,871M 123,478M 121,152M 107,936M 90,021M
Operating cash flow 6,988M 9,397M 9,935M 3,776M 5,937M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 576.53M 648.34M 463.07M 305.41M 230.90M
Gross Profit 268.24M 301.70M 208.81M 106.95M 56.21M
Operating income 103.04M 134.04M 41.39M -51.91M -86.48M
Income before tax 92.15M 139.33M 45.98M -60.26M -166.04M
Net income 66.47M 101.76M 34.59M -77.50M -168.45M
EBITDA 123.65M 156.67M 64.80M -25.70M -60.72M
Diluted EPS 1.93 2.85 0.95 -2.20 -4.88
Dividends Per Share 0.41 0.54 0.49 0.32 0.18
Total Assets 1,273.72M 1,454.36M 1,313.24M 1,210.64M 996.74M
Total liabilities 332.47M 293.17M 218.51M 210.65M 181.90M
Total equity 941.13M 1,161.05M 1,094.56M 999.82M 814.66M
Operating cash flow 64.53M 84.78M 89.58M 34.72M 55.97M

Valuation Measures

Mar 2021
PER--
ROA-14.83%
ROE-18.05%
Operating margin-37.45%
Profit margin-72.95%

Key executives

  • Executive President & Representative Director: Mitsuhiro Shima
  • Director, Head-Personnel & Administration: Takashi Nanki
  • Director, Head-Information Systems & Personnel: Shosaku Kitagawa
  • MD, Executive Officer & Materials Manager: Reiji Arikita
  • Director, Executive Officer & GM-Production: Akihiro Otani

Shareholders

  • SHIMA FAMILY (8.3%)
  • SHIMA MITSUHIRO (5.1%)
  • Templeton Investment Counsel LLC (5.1%)
  • The Kiyo Bank, Ltd. (3.8%)
  • Shima Seiki Mfg. Ltd. (3.5%)
  • SHIMA MASAHIRO /SHIMA SEIKI/ (2.9%)
  • Nomura Asset Management Co., Ltd. (2.4%)
  • Mitsubishi UFJ Financial Group, Inc. (2.4%)
  • The Vanguard Group, Inc. (1.9%)
  • UMEDA CHIHIRO (1.7%)

Contact Details

Related Companies

  • Shima Seiki Win Win Shanghai Ltd.
  • Shima Seiki (Thailand) Co., Ltd.
  • Kainan Seimitsu KK
  • Shima Seiki Korea, Inc.
  • Shima Seiki Portugal, Unipessoal Lda.
  • Shima Seiki Spain SAU
  • Shima Seiki (Hong Kong) Ltd.
  • Shima Seiki Italia SpA
  • Shima Fine Press KK
  • Shima Seiki Europe Ltd.
  • Knit Mac KK
  • Haruki Boseki KK /Spinnign Ops/
  • Toyo Aqua KK /Dyeing Ops/
  • Toyoboshi Kogyo Co. Ltd. /Spinning & Dyeing Ops/
  • Shima Seiki Win Win Ltd.
  • Shima Seiki U.S.A., Inc.
  • Shima-Orsi SRL
  • Shima Seiki Employee Stock Ownership Plan
  • Toyoboshi Kogyo Co., Ltd

Competitors

    Last Updated on 3 Dec, 2021

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