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	JPY	USD
Revenue	628,909M	4,781.57M
Gross Profit	265,645M	2,019.68M
Operating income	169,159M	1,286.10M
Income before tax	174,112M	1,323.76M
Net income	128,179M	974.54M
EBITDA	190,151M	1,445.71M
Diluted EPS	1,408.21	10.70
Dividends Per Share	260	1.97
Total Assets	826,413M	6,263.31M
Total liabilities	85,316M	646.60M
Total equity	740,109M	5,609.22M
Operating cash flow	110,684M	841.52M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 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 2018	Dec 2019	Dec 2020	Dec 2021	Dec 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
PER	14.85
ROA	16.73%
ROE	18.90%
Operating margin	26.89%
Profit margin	20.38%

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

Shareholders

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: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 24 Mar, 2023