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Electronic Technology

Shimadzu Corp.

Business Summary

Shimadzu Corp. engages in the manufacture and sale of testing, measuring, medical, aircraft and analytical instruments. It operates through the following segments: Analytical Instruments, Medical Systems, Aircraft Equipment, Industrial Machinery & Equipment, and Others. The Analytical Instruments segment handles the general analytical and environmental measurement instruments such as mass spectrometers, chromatographs, spectrophotometers, surface analysis and observation systems, water quality analyzers, and continuous emission monitoring systems. The Medical System segment offers diagnostic systems and services to medical facilities such as fluoroscopy, angiography, radiography, near-infrared imaging, and medical information systems. The Aircraft Equipment segment provides aircraft and ground support equipment which includes flight control, air management, cockpit display systems, aircraft equipment functional testers, and aircraft medical training equipment. The Industrial Machinery & Equipment segment offers advanced-level manufacturing and testing equipment for the industrial field such as turbo molecular pumps, anti-reflective coating systems for solar cells, hydraulic gear pumps, power packages, diffraction gratings, and laser modules. The Others segment handles the leasing and management of real estate, software development, product design, and pavement construction business. The company was founded by Genzo Shimadzu Sr. on March 31, 1875 and is headquartered in Kyoto, Japan.

Financial Highlights

Mar 2019 JPYUSD
Gross Profit157,169M1,417.28M
Operating income44,481M401.11M
Income before tax44,652M402.65M
Net income32,524M293.28M
Diluted EPS110.400.99
Dividends Per Share280.25
Total Assets437,190M3,949.85M
Total liabilities149,246M1,348.38M
Total equity287,894M2,601.02M
Operating cash flow29,454M265.60M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 314,702M 342,236M 342,479M 376,530M 391,213M
Gross Profit 127,028M 140,386M 136,409M 149,833M 157,169M
Operating income 27,189M 35,701M 37,090M 42,822M 44,481M
Income before tax 26,803M 34,021M 36,113M 41,775M 44,652M
Net income 18,445M 23,899M 26,473M 29,838M 32,524M
EBITDA 35,175M 45,140M 46,673M 53,460M 56,117M
Diluted EPS 62.55 81.05 89.79 101.26 110.40
Dividends Per Share 13 18 20 24 28
Total Assets 339,832M 349,798M 375,354M 418,548M 437,190M
Total liabilities 129,815M 129,827M 133,722M 150,484M 149,246M
Total equity 209,769M 219,694M 241,332M 267,694M 287,894M
Operating cash flow 40,245M 32,348M 29,608M 41,215M 29,454M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 2,864.66M 2,849.96M 3,162.68M 3,397.29M 3,527.78M
Gross Profit 1,156.30M 1,169.06M 1,259.69M 1,351.88M 1,417.28M
Operating income 247.49M 297.29M 342.51M 386.36M 401.11M
Income before tax 243.98M 283.30M 333.49M 376.92M 402.65M
Net income 167.90M 199.01M 244.46M 269.21M 293.28M
EBITDA 320.19M 375.90M 431.01M 482.34M 506.03M
Diluted EPS 0.56 0.67 0.82 0.91 0.99
Dividends Per Share 0.11 0.14 0.18 0.21 0.25
Total Assets 2,833.70M 3,112.22M 3,368.51M 3,935.57M 3,949.85M
Total liabilities 1,082.46M 1,155.09M 1,200.05M 1,414.98M 1,348.38M
Total equity 1,749.16M 1,954.65M 2,165.77M 2,517.10M 2,601.02M
Operating cash flow 366.34M 269.37M 273.42M 371.86M 265.60M

Valuation Measures

Mar 2019
Operating margin11.37%
Profit margin8.31%

Key executives

  • President, CEO & Representative Director: Teruhisa Ueda
  • Manager-Finance & Accounting: Shin Bandai
  • Head-Information Systems & Manufacturing: Yasunori Yamamoto
  • Executive Officer: Koyoshi Aoyama
  • Executive Officer & Manager-Legal Affairs: Kenichiro Hirata


  • Meiji Yasuda Life Insurance Co. (7.0%)
  • FIL Investments (Japan) Ltd. (5.0%)
  • Mitsubishi UFJ Financial Group, Inc. (4.0%)
  • Nomura Asset Management Co., Ltd. (2.6%)
  • T&D Holdings, Inc. (2.5%)
  • The Vanguard Group, Inc. (2.4%)
  • Tokio Marine Holdings, Inc. (2.1%)
  • National Mutual Insurance Fed. of Agricultural Cooperatives (2.0%)
  • The Bank of Kyoto, Ltd. (1.6%)
  • Capital Research & Management Co. (World Investors) (1.4%)

Contact Details

  • Website:
  • Address: 1 Nishinokyo Kuwabara-cho, Nakagyo-Ku, Kyoto, 604-8511, Japan
  • Phone: +81.75.823.1111

Related Companies

  • Shimazu Board Incentive Plan
  • Shimadzu (Guangzhou) Analysis & Technology Services Co. Ltd.
  • Shimadzu Latin America SA
  • Shimadzu Medical Systems (Oceania) Pty Ltd.
  • Shimadzu Korea Vacuum Equipment Co. Ltd.
  • Shimadzu Analytical (India) Pvt Ltd.
  • Shimadzu Scientific Instruments (Taiwan) Co. Ltd.
  • Shimadzu Scientific Instruments (Oceania) Pty Ltd.
  • Shimadzu (China) Co. Ltd.
  • SHIMADZU Philippines Corp.
  • Shimadzu Medical India Pvt. Ltd.
  • Shimadzu do Brasil Comercio Ltda.
  • Shimadzu Research Laboratory (Europe) Ltd.
  • Shimadzu Middle East & Africa FZE
  • Shimadzu South Africa (Pty) Ltd.
  • Shimadzu Taiwan Industrial Machinery Co. Ltd.
  • Shimadzu International Trading (Shanghai) Co. Ltd.
  • Shimadzu Scientific Instruments, Inc. (Pennsylvania)
  • Shimadzu Scientific Instruments, Inc. (Texas)
  • Shimadzu (Hong Kong) Ltd.
  • Medical Imaging Technologies Pty Ltd.
  • Shimadzu Trust
  • Shimadzu Medical Systems USA
  • Shimadzu (Asia Pacific) Pte Ltd.
  • Shimadzu Medical Systems Corp.
  • Shimadzu Device Corp.
  • Shimadzu Precision TechnologyLtd
  • Shimadzu Science East Corp.
  • Shimadzu Logistics Service Corp.
  • Shimane Shimazu KK


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Last Updated on 23 Oct, 2019

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