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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 2021 JPYUSD
Revenue546,515M4,974.05M
Gross Profit240,459M2,188.51M
Operating income148,289M1,349.63M
Income before tax153,728M1,399.13M
Net income115,938M1,055.19M
EBITDA167,038M1,520.27M
Diluted EPS1,252.6111.40
Dividends Per Share2352.13
Total Assets705,370M6,125.39M
Total liabilities88,717M770.41M
Total equity615,992M5,349.24M
Operating cash flow112,439M1,023.35M
Currency in JPYCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 335,800M 348,035M 363,230M 378,040M 546,515M
Gross Profit 142,497M 143,744M 146,144M 160,281M 240,459M
Operating income 64,351M 65,688M 68,011M 82,702M 148,289M
Income before tax 54,563M 71,224M 71,393M 84,820M 153,728M
Net income 38,443M 53,932M 51,834M 63,473M 115,938M
EBITDA 83,156M 83,200M 86,141M 100,972M 167,038M
Diluted EPS 414.69 581.76 559.14 684.70 1,252.61
Dividends Per Share 155 155 155 355 235
Total Assets 488,770M 503,845M 538,769M 590,420M 705,370M
Total liabilities 58,302M 50,386M 49,530M 60,631M 88,717M
Total equity 430,313M 453,318M 489,085M 529,287M 615,992M
Operating cash flow 69,265M 49,593M 67,897M 91,050M 112,439M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 2,994.64M 3,151.26M 3,332.05M 3,540.74M 4,974.05M
Gross Profit 1,270.77M 1,301.52M 1,340.63M 1,501.20M 2,188.51M
Operating income 573.87M 594.76M 623.89M 774.59M 1,349.63M
Income before tax 486.58M 644.89M 654.91M 794.42M 1,399.13M
Net income 342.83M 488.32M 475.49M 594.49M 1,055.19M
EBITDA 741.57M 753.33M 790.20M 945.70M 1,520.27M
Diluted EPS 3.69 5.26 5.12 6.41 11.40
Dividends Per Share 1.38 1.40 1.42 3.32 2.13
Total Assets 4,338.83M 4,592.30M 4,957.61M 5,718.63M 6,125.39M
Total liabilities 517.54M 459.24M 455.76M 587.25M 770.41M
Total equity 3,819.91M 4,131.77M 4,500.43M 5,126.51M 5,349.24M
Operating cash flow 617.70M 449.03M 622.84M 852.77M 1,023.35M

Valuation Measures

Dec 2021
PER24.47
ROA17.89%
ROE20.24%
Operating margin27.13%
Profit margin21.21%

Key executives

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

Shareholders

  • Minato Kosan KK (8.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.0%)
  • Nomura Asset Management Co., Ltd. (2.8%)
  • First Eagle Investment Management LLC (2.7%)
  • BlackRock Fund Advisors (2.7%)
  • Three S Co. (Osaka) (2.3%)
  • Nippon Life Insurance Co. (2.3%)
  • The Vanguard Group, Inc. (2.2%)
  • Resona Holdings, Inc. (1.8%)
  • Nikko Asset Management Co., Ltd. (1.3%)

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

  • Fox Factory Holding Corp.
  • Bafang Electric (Suzhou) Co., Ltd. Class A
Last Updated on 5 Dec, 2022

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