Want to see JP:7309 full AI Analyst Report?

Shimano (7309) Price & Analysis

7 Followers

7309 Stock Chart & Stats

¥19775.00

¥35.00(0.18%)

At close: Jul 28 4:00 PM EDT

¥19775.00

¥35.00(0.18%)

Day’s Range― - ―

52-Week Range¥14,895.00 - ¥21,530.00

Previous CloseN/A

Volume471.50K

Average Volume (3M)228.61K

Market Cap

¥1.60T

Enterprise Value¥1.02T

Total Cash (Recent Filing)¥463.72B

Total Debt (Recent Filing)¥0.00

Price to Earnings (P/E)27.7

Beta0.27

Next Earnings

Oct 27, 2026

EPS Estimate

123.29

Next Dividend Ex-DateN/A

Dividend Yield1.89%

Share Statistics

EPS (TTM)670.56

Shares Outstanding86,530,000

10 Day Avg. Volume238,790

30 Day Avg. Volume228,610

Financial Highlights & Ratios

PEG Ratio-0.78

Price to Book (P/B)1.67

Price to Sales (P/S)3.11

P/FCF Ratio51.23

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

¥20,229.00

Price Target Upside2.30% Upside

Rating ConsensusHold

Number of Analyst Covering5

EPS Forecast (FY)571.79

Revenue Forecast (FY)¥490.91B

Bulls Say, Bears Say

Bulls Say

Very Low LeverageShimano’s exceptionally conservative balance sheet limits financial risk and preserves flexibility through operating cycles. Minimal debt reduces refinancing and interest burdens, while its large equity base provides capacity to sustain investment, support products, and absorb weaker demand without relying heavily on external funding.

Diversified Global Business ModelThe combination of bicycle components, fishing tackle, and rowing equipment gives Shimano several established revenue streams, while global OEM, distributor, retail, and aftermarket channels broaden market access. The installed base of Shimano-equipped bicycles also supports ongoing replacement and upgrade demand.

Earnings Remain Cash-backedAlthough cash generation has weakened, operating cash flow still exceeds reported net income in each of the latest three years. This indicates that earnings remain reasonably supported by cash conversion, strengthening financial resilience and helping Shimano fund operations and investment internally.

Bears Say

Two-year Revenue DeclineRevenue contraction across two consecutive years indicates that recent demand and sales momentum have weakened rather than reflecting a single isolated quarter. Continued top-line pressure can reduce operating leverage, limit reinvestment capacity, and make recovery dependent on renewed bicycle and fishing demand.

Sharp Margin CompressionThe steep 2025 decline in net and EBIT margins materially reduces earnings power even though the business remains profitable. Such volatility makes returns less predictable, weakens the conversion of revenue into profit, and can constrain the resources available for product development and growth.

Free Cash Flow DeteriorationFree cash flow has declined substantially for two successive years, falling to roughly one-third of its 2023 level by 2025. The reduced internally generated funding base limits flexibility for capital allocation and makes sustained investment or shareholder returns more dependent on improving operating performance.

Shimano News

Shimano Advances Large-Scale Share Buyback Program

Shimano ( ($JP:7309) ) has issued an announcement. Shimano has reported progress on its ongoing share repurchase program,...

23d ago

Shimano Advances Share Buyback, Repurchasing ¥6 Billion in Stock in August

Shimano ( ($JP:7309) ) just unveiled an announcement. Shimano Inc. has repurchased 301,900 shares of its common stock...

2M ago

Shimano Advances ¥50 Billion Share Buyback, Repurchases 362,400 Shares in July

Shimano ( ($JP:7309) ) has issued an announcement. Shimano has repurchased 362,400 shares of its common stock for...

3M ago

Shimano lifts H1 profit and dividend but flags margin pressure in FY2026 outlook

Shimano ( ($JP:7309) ) has issued an update. Shimano reported a 4.1% rise in first-half FY2026 net sales...

3M ago

Shimano (SHMDF) Q2 Earnings Cheat Sheet

Shimano (SHMDF) is scheduled to report 2nd quarter earnings on 07/28/2026. Regarding Q2 estimates, Wall Street analysts expect...

3M ago

Shimano Advances Share Buyback, Uses Half of ¥50 Billion Authorization

The latest update is out from Shimano ( ($JP:7309) ). Shimano has repurchased 310,800 shares of its common...

4M ago

Shimano Advances ¥50 Billion Share Buyback Program With May Purchases

Shimano ( ($JP:7309) ) has issued an announcement. Shimano Inc. said it repurchased 107,800 shares of its common...

5M ago

Shimano Completes Disposal of Treasury Shares for Executive Restricted Stock Pay

The latest update is out from Shimano ( ($JP:7309) ). Shimano Inc. has completed the payment process for...

6M ago

Shimano Advances ¥50 Billion Share Buyback Program With April Purchases

Shimano ( ($JP:7309) ) has shared an announcement. Shimano has disclosed the latest status of its ongoing share...

6M ago

Shimano to Grant ¥63 Million in Restricted Stock to Directors and Executives

Shimano ( ($JP:7309) ) has issued an update. Shimano Inc. has approved the disposal of 3,746 treasury shares...

6M ago

7309 FAQ

What was Shimano Inc.’s price range in the past 12 months?

Shimano Inc. lowest stock price was ¥14895.00 and its highest was ¥21530.00 in the past 12 months.

What is Shimano Inc.’s market cap?

Shimano Inc.’s market cap is ¥1.60T.

When is Shimano Inc.’s upcoming earnings report date?

Shimano Inc.’s upcoming earnings report date is Oct 27, 2026 which is in 3 days.

How were Shimano Inc.’s earnings last quarter?

Shimano Inc. released its earnings results on Jul 28, 2026. The company reported ¥177.819 earnings per share for the quarter, beating the consensus estimate of ¥152.491 by ¥25.328.

Is Shimano Inc. overvalued?

According to Wall Street analysts Shimano Inc.’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Shimano Inc. pay dividends?

Shimano Inc. pays a Semiannually dividend of ¥181.5 which represents an annual dividend yield of 1.89%. See more information on Shimano Inc. dividends here

What is Shimano Inc.’s EPS estimate?

Shimano Inc.’s EPS estimate is 123.29.

How many shares outstanding does Shimano Inc. have?

Shimano Inc. has 86,530,000 shares outstanding.

What happened to Shimano Inc.’s price movement after its last earnings report?

Shimano Inc. reported an EPS of ¥177.819 in its last earnings report, beating expectations of ¥152.491. Following the earnings report the stock price went up 0.184%.

Which hedge fund is a major shareholder of Shimano Inc.?

Currently, no hedge funds are holding shares in JP:7309

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Shimano Inc.

Shimano Inc. specializes in the design, manufacturing, and supply of bicycle components, fishing equipment, and gear for rowing. Additionally, the corporation designs and develops a range of lifestyle merchandise, such as apparel, footwear, bags, and related accessories. The company conducts business operations across a wide geographical area, encompassing Japan, Asia, Europe, North America, Latin America, and Oceania. Founded in 1921, its central administrative office is located in Sakai, Japan.

Shimano (7309) Earnings & Revenues

Historic Earnings Reports

7309 Stock 12 Month Forecast

Average Price Target

¥20,229.00

▲(2.30% Upside)

{"navigator":{"disabled":true},"exporting":{"enabled":false},"title":{"text":null},"chart":{"height":200,"style":{"fontFamily":"Roboto Flex, -apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Helvetica, Arial, sans-serif, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol","fontWeight":"400","color":"#5d5d5e"},"spacingTop":30,"spacingRight":60,"events":null},"yAxis":{"labels":{"style":{"color":"inherit"},"distance":6,"x":-6,"y":-6,"zIndex":1,"map_label_formatter":{"15875":"¥15,875","19688":"¥19,688","23501":"¥23,501","17781.5":"¥17,781.5","21594.5":"¥21,594.5"}},"plotLines":[{"color":"rgba(0,0,0,0)","value":23500,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":-10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-bottom flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#199ca5\">High </span>\n\n  <span style=\"color:#199ca5\">¥24K</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":20229,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":0,"text":"<div  class=\"positionrelative hoverZ3 triangleleft flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#828080\">Average </span>\n\n  <span style=\"color:#828080\">¥20K</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":16000,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-top flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#912767\">Low </span>\n\n  <span style=\"color:#912767\">¥16K</span>\n  </div></div>","useHTML":true}}],"tickPositions":[15875,17781.5,19688,21594.5,23501],"lineColor":"#dddddd","gridLineWidth":1,"gridLineColor":"#dddddd","lineWidth":1,"title":{"text":""}},"plotOptions":{"series":{"states":{"inactive":{"opacity":1}}},"line":{"animation":{"duration":0},"dataLabels":{"allowOverlap":true},"borderWidth":1,"marker":{"enabled":true,"fillColor":"#FFFFFF","radius":3,"lineWidth":2,"symbol":"circle","lineColor":"#828080"}}},"xAxis":{"labels":{"style":{"color":"inherit"},"rotation":0,"map_label_formatter":{"3":"Jan<br/>2026","6":"Apr<br/>2026","9":"Jul<br/>2026","12":"Oct<br/>2026","25":"Oct<br/>2027"}},"tickPositions":[3,6,9,12,25],"plotLines":[{"color":"#dddddd","width":1,"value":12},{"color":"#dddddd","width":1,"value":12}],"lineWidth":0,"gridLineWidth":1,"gridLineColor":"#dddddd","tickLength":0},"legend":{"symbolRadius":0,"symbolPadding":4,"symbolHeight":14,"borderWidth":0,"symbolWidth":14,"align":"left","verticalAlign":"bottom","enabled":false},"tooltip":{"backgroundColor":"rgba(0,0,0,0)","useHTML":true,"borderWidth":0,"borderColor":"rgba(0,0,0,0)","padding":0,"shadow":null,"headerFormat":"","footerFormat":"","pointFormat":"<div class=\"flexccc lineHeight2 bgwhite shadow2 px3 py3 radiismall fonth10_semibold\">\n                <span class=\"colorgray-3 mb4\">{point.date:%b %d ,%Y}</span>\n                <span>Analyst Consensus</span>\n                {point.info}\n          </div>\n           </div>"},"credits":{"enabled":false},"accessibility":{"description":""},"responsive":{"rules":[{"chartOptions":{"chart":{"spacing":[0,0,0,0],"margin":[30,60,40,5]},"xAxis":{"tickPositions":[3,12,25.25]},"yAxis":{"labels":{"enabled":false}},"title":{"text":null},"subtitle":{"text":null}},"condition":{"maxWidth":500}}]},"series":[{"lineWidth":2,"dashStyle":"ShortDash","name":"High","type":"line","color":"#199ca5","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,17770,18210.76923076923,18651.53846153846,19092.30769230769,19533.076923076922,19973.846153846152,20414.615384615383,20855.384615384617,21296.153846153848,21736.923076923078,22177.69230769231,22618.46153846154,23059.23076923077,{"y":23500,"marker":{"fillColor":"#199ca5","lineColor":"#199ca5","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Average","type":"line","color":"#828080","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,17770,17959.153846153848,18148.30769230769,18337.46153846154,18526.615384615383,18715.76923076923,18904.923076923078,19094.076923076922,19283.23076923077,19472.384615384617,19661.53846153846,19850.69230769231,20039.846153846152,{"y":20229,"marker":{"fillColor":"#828080","lineColor":"#828080","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Low","type":"line","color":"#912767","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,17770,17633.846153846152,17497.69230769231,17361.53846153846,17225.384615384617,17089.23076923077,16953.076923076922,16816.923076923078,16680.76923076923,16544.615384615383,16408.46153846154,16272.307692307691,16136.153846153846,{"y":16000,"marker":{"fillColor":"#912767","lineColor":"#912767","enabled":true,"symbol":"circle"}}]},{"type":"line","data":[{"y":16405.078,"date":1759276800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":15876.04,"date":1761955200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":16042.59,"date":1764547200000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":16365.445,"date":1767225600000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":17365.09,"date":1769904000000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Strong Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 3, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":16508.958,"date":1772323200000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Strong Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":16583.189,"date":1775001600000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Strong Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 7, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":16474.317,"date":1777593600000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":16038.83,"date":1780272000000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 0,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":17160,"date":1782864000000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 3, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":20125,"date":1785542400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 2,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":19830,"date":1788220800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 2,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":17770,"date":1790812800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"fillColor":"black","lineColor":"black","enabled":true,"symbol":"circle"}},null,null,null,null,null,null,null,null,null,null,null,null],"color":"#0666a7"}]}

Detailed Analyst Forecast >