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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 2022 JPYUSD
Gross Profit265,645M2,019.68M
Operating income169,159M1,286.10M
Income before tax174,112M1,323.76M
Net income128,179M974.54M
Diluted EPS1,408.2110.70
Dividends Per Share2601.97
Total Assets826,413M6,263.31M
Total liabilities85,316M646.60M
Total equity740,109M5,609.22M
Operating cash flow110,684M841.52M
Currency in JPYCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 348,035M 363,230M 378,040M 546,515M 628,909M
Gross Profit 143,744M 146,144M 160,281M 240,459M 265,645M
Operating income 65,688M 68,011M 82,702M 148,289M 169,159M
Income before tax 71,224M 71,393M 84,820M 153,728M 174,112M
Net income 53,932M 51,834M 63,473M 115,938M 128,179M
EBITDA 83,200M 86,141M 100,972M 167,038M 190,151M
Diluted EPS 581.76 559.14 684.70 1,252.61 1,408.21
Dividends Per Share 155 155 355 235 260
Total Assets 503,845M 538,769M 590,420M 705,370M 826,413M
Total liabilities 50,386M 49,530M 60,631M 88,717M 85,316M
Total equity 453,318M 489,085M 529,287M 615,992M 740,109M
Operating cash flow 49,593M 67,897M 91,050M 112,439M 110,684M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 3,151.26M 3,332.05M 3,540.74M 4,974.05M 4,781.57M
Gross Profit 1,301.52M 1,340.63M 1,501.20M 2,188.51M 2,019.68M
Operating income 594.76M 623.89M 774.59M 1,349.63M 1,286.10M
Income before tax 644.89M 654.91M 794.42M 1,399.13M 1,323.76M
Net income 488.32M 475.49M 594.49M 1,055.19M 974.54M
EBITDA 753.33M 790.20M 945.70M 1,520.27M 1,445.71M
Diluted EPS 5.26 5.12 6.41 11.40 10.70
Dividends Per Share 1.40 1.42 3.32 2.13 1.97
Total Assets 4,592.30M 4,957.61M 5,718.63M 6,125.39M 6,263.31M
Total liabilities 459.24M 455.76M 587.25M 770.41M 646.60M
Total equity 4,131.77M 4,500.43M 5,126.51M 5,349.24M 5,609.22M
Operating cash flow 449.03M 622.84M 852.77M 1,023.35M 841.52M

Valuation Measures

Dec 2022
Operating margin26.89%
Profit margin20.38%

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


  • Minato Kosan KK (8.4%)
  • Nomura Asset Management Co., Ltd. (3.1%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.0%)
  • 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%)
  • Pictet Asset Management SA (1.5%)

Contact Details

  • Website:
  • Address: 3-77 Oimatsu-cho, Sakai-Ku, Sakai, 590-8577, Japan
  • Phone: +

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.


  • Fox Factory Holding Corp.
  • Bafang Electric (Suzhou) Co., Ltd. Class A
Last Updated on 24 Mar, 2023

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