Consumer Durables

Shimano, Inc.

In the news

How bicycle parts maker Shimano eclipsed Nissan in market cap Aug 5, 2020
Former president of global bicycle parts giant Shimano dies Jul 6, 2020
Japanese companies must dare to be different Apr 10, 2018
Market Scramble: Relief in Europe gives Japanese equities a lift May 12, 2017
Market Scramble: Wide moats wanted in unsteady times Feb 1, 2017

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	JPY	USD
Revenue	546,515M	4,974.05M
Gross Profit	240,459M	2,188.51M
Operating income	148,289M	1,349.63M
Income before tax	153,728M	1,399.13M
Net income	115,938M	1,055.19M
EBITDA	167,038M	1,520.27M
Diluted EPS	1,252.61	11.40
Dividends Per Share	235	2.13
Total Assets	705,370M	6,125.39M
Total liabilities	88,717M	770.41M
Total equity	615,992M	5,349.24M
Operating cash flow	112,439M	1,023.35M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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
PER	24.47
ROA	17.89%
ROE	20.24%
Operating margin	27.13%
Profit margin	21.21%

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

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Competitors

Fox Factory Holding Corp.
Bafang Electric (Suzhou) Co., Ltd. Class A

Last Updated on 5 Dec, 2022