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Health 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 2022 JPYUSD
Gross Profit178,616M1,589.49M
Operating income63,807M567.81M
Income before tax65,947M586.85M
Net income47,289M420.82M
Diluted EPS160.491.42
Dividends Per Share480.42
Total Assets560,528M4,618.15M
Total liabilities179,359M1,477.72M
Total equity381,164M3,140.38M
Operating cash flow63,367M563.90M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 376,530M 391,213M 385,443M 393,499M 428,175M
Gross Profit 149,833M 157,169M 152,430M 156,193M 178,616M
Operating income 42,822M 44,481M 41,846M 49,743M 63,807M
Income before tax 41,775M 44,652M 43,113M 49,817M 65,947M
Net income 29,838M 32,524M 31,765M 36,097M 47,289M
EBITDA 53,460M 56,117M 55,258M 65,483M 80,227M
Diluted EPS 101.26 110.40 107.83 122.51 160.49
Dividends Per Share 24 28 30 34 48
Total Assets 418,548M 437,190M 437,618M 497,459M 560,528M
Total liabilities 150,484M 149,246M 134,840M 161,951M 179,359M
Total equity 267,694M 287,894M 302,775M 335,504M 381,164M
Operating cash flow 41,215M 29,454M 39,509M 63,801M 63,367M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 3,397.29M 3,527.78M 3,545.09M 3,710.24M 3,810.31M
Gross Profit 1,351.88M 1,417.28M 1,401.96M 1,472.72M 1,589.49M
Operating income 386.36M 401.11M 384.87M 469.01M 567.81M
Income before tax 376.92M 402.65M 396.52M 469.71M 586.85M
Net income 269.21M 293.28M 292.15M 340.35M 420.82M
EBITDA 482.34M 506.03M 508.23M 617.42M 713.93M
Diluted EPS 0.91 0.99 0.99 1.15 1.42
Dividends Per Share 0.21 0.25 0.27 0.32 0.42
Total Assets 3,935.57M 3,949.85M 4,053.70M 4,501.89M 4,618.15M
Total liabilities 1,414.98M 1,348.38M 1,249.03M 1,465.61M 1,477.72M
Total equity 2,517.10M 2,601.02M 2,804.64M 3,036.23M 3,140.38M
Operating cash flow 371.86M 265.60M 363.38M 601.57M 563.90M

Valuation Measures

Mar 2022
Operating margin14.90%
Profit margin11.04%

Key executives

  • President & Representative Director: Yasunori Yamamoto
  • Manager-Finance & Accounting: Shin Bandai
  • Director & Chief Technology Officer: Mitsuo Kitaoka
  • Executive Officer: Koyoshi Aoyama
  • Director, Head-Sales, Accounting & Finance: Yasuo Miura


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  • Nomura Asset Management Co., Ltd. (2.7%)
  • T&D Holdings, Inc. (2.5%)
  • The Vanguard Group, Inc. (2.3%)
  • BlackRock Fund Advisors (2.3%)
  • Tokio Marine Holdings, Inc. (2.1%)
  • The Bank of Kyoto, Ltd. (1.6%)
  • BlackRock Japan Co., Ltd. (1.6%)

Contact Details

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

Related Companies

  • Shimadzu Scientific Korea Corp.
  • Shimadzu Aerotech Co., Ltd.
  • Shimadzu Malaysia Sdn. Bhd.
  • Shimadzu Access Co., Ltd.
  • Shimadzu Manufacturing Asia Sdn. Bhd.
  • Shimadzu Software Development Canada, Inc.
  • Shimadzu Research Laboratory (Shanghai) Co., Ltd.
  • 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.
  • Beijing Shimadzu Medical Equipment Co., 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.
  • Shimadzu Trust
  • Shimadzu Medical Systems USA
  • Shimadzu (Asia Pacific) Pte Ltd.


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Last Updated on 3 Feb, 2023

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