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Consumer Durables

Shimano, Inc.

Business Summary

Shimano, Inc. engages in the development, production and distribution of bicycle components, fishing tackle, and rowing equipments. It operates through the following segments: Bicycle Components, Fishing Tackle, and Others. The Bicycle Components segment manufactures and sells derailleur gears, brakes, wheel and other related products. The Fishing Tackle segment includes reels, rods, and fishing gears. The Others segment comprises of cold-forged products and rowing equipment. The company was founded by Shozaburo Shimano in February 1921 and is headquartered in Sakai, Japan.

Financial Highlights

Dec 2020 JPYUSD
Revenue378,040M3,540.74M
Gross Profit160,281M1,501.20M
Operating income82,702M774.59M
Income before tax84,820M794.42M
Net income63,473M594.49M
EBITDA100,972M945.70M
Diluted EPS684.706.41
Dividends Per Share3553.32
Total Assets590,420M5,718.63M
Total liabilities60,631M587.25M
Total equity529,287M5,126.51M
Operating cash flow91,050M852.77M
Currency in JPYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 322,998M 335,800M 348,035M 363,230M 378,040M
Gross Profit 131,537M 142,497M 143,744M 146,144M 160,281M
Operating income 64,546M 64,351M 65,688M 68,011M 82,702M
Income before tax 68,402M 54,563M 71,224M 71,393M 84,820M
Net income 50,963M 38,443M 53,932M 51,834M 63,473M
EBITDA 80,080M 83,156M 83,200M 86,141M 100,972M
Diluted EPS 549.76 414.69 581.76 559.14 684.70
Dividends Per Share 155 155 155 155 355
Total Assets 443,954M 488,770M 503,845M 538,769M 590,420M
Total liabilities 52,571M 58,302M 50,386M 49,530M 60,631M
Total equity 390,627M 430,313M 453,318M 489,085M 529,287M
Operating cash flow 64,034M 69,265M 49,593M 67,897M 91,050M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 2,972.58M 2,994.64M 3,151.26M 3,332.05M 3,540.74M
Gross Profit 1,210.54M 1,270.77M 1,301.52M 1,340.63M 1,501.20M
Operating income 594.02M 573.87M 594.76M 623.89M 774.59M
Income before tax 629.51M 486.58M 644.89M 654.91M 794.42M
Net income 469.01M 342.83M 488.32M 475.49M 594.49M
EBITDA 736.98M 741.57M 753.33M 790.20M 945.70M
Diluted EPS 5.05 3.69 5.26 5.12 6.41
Dividends Per Share 1.42 1.38 1.40 1.42 3.32
Total Assets 3,806.35M 4,338.83M 4,592.30M 4,957.61M 5,718.63M
Total liabilities 450.73M 517.54M 459.24M 455.76M 587.25M
Total equity 3,349.14M 3,819.91M 4,131.77M 4,500.43M 5,126.51M
Operating cash flow 589.31M 617.70M 449.03M 622.84M 852.77M

Valuation Measures

Dec 2020
PER35.17
ROA11.24%
ROE12.46%
Operating margin21.87%
Profit margin16.79%

Key executives

  • Chairman & Chief Executive Officer: Yozo Shimano
  • President & Representative Director: Taizo Shimano
  • Representative Director & Vice President: Takashi Toyoshima
  • Senior Managing Director & GM-Administration: Masahiro Tsuzaki
  • Director & Manager-Business Administration: Takuma Kanai

Shareholders

  • Minato Kosan KK (9.1%)
  • Nomura Asset Management Co., Ltd. (3.0%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.9%)
  • First Eagle Investment Management LLC (2.7%)
  • Three S Co. (Osaka) (2.3%)
  • Nippon Life Insurance Co. (2.2%)
  • Mitsubishi UFJ Financial Group, Inc. (2.2%)
  • The Vanguard Group, Inc. (2.1%)
  • Resona Holdings, Inc. (1.8%)
  • BlackRock Fund Advisors (1.5%)

Contact Details

  • Website:http://www.shimano.com
  • Address: 3-77 Oimatsu-cho, Sakai-Ku, Sakai, 590-8577, Japan
  • Phone: +81.72.223.3210

Related Companies

  • Aifie Golf Shop
  • Pioneer Corp. /Cycle Sports Business/
  • PRO (Taiwan) Procurement Co. Ltd.
  • Shimano Menat Spor Etkinlikleri Spor Malzemeleri ve Ekipmanlar
  • Shimano Bisiklet Parca ve Ekipmanlari Satis Servis Ticaret AS
  • Shimano Cambodia Co. Ltd.
  • Shimano - Pearl Izumi Softgoods Division Europe GmbH
  • Shimano New Zealand Ltd.
  • Shimano Nordic Denmark ApS
  • Shimano (Shanghai) Sales Corp.
  • Shimano Australia Fishing Pty Ltd.
  • Shimano Latin America Representacao Comercial Ltda.
  • Shimano (Lianyungang) Industrial Co. Ltd.
  • Shimano Europe Retail Division BV
  • Shimano Italy Bicycle components SRL
  • Shimano (Philippines), Inc.
  • Shimano Nordic Cycle A/S
  • Shimano Nordic Cycle Oy
  • Shimano Taiwan Co. Ltd.
  • Shimano Belgium NV
  • Shimano Europe Bike Holding BV
  • Peninsula Precision Stamping Malaysia Sdn. Bhd.
  • Shimano Australia Pty Ltd.
  • Tsuriyoshi Co., Ltd.
  • PT Shimano Batam
  • Shimano Rinkai Co., Ltd.
  • Dunphy Holding Pty Ltd.
  • G. Loomis, Inc.
  • Kumamoto Fishing Tackle Co., Ltd.
  • Shimano Canada Ltd.

Competitors

  • Bafang Electric (Suzhou) Co., Ltd. Class A
  • Fox Factory Holding Corp.
Last Updated on 7 Dec, 2021

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