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Shimano
(7309)
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Rating:71Outperform
Price Target:
¥19,431.00
▼(-1.74% Downside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by strong financial resilience (very low leverage) tempered by a clear recent step-down in profitability and free cash flow. Technicals are supportive with price above major moving averages and positive MACD, while valuation is a headwind given the ~30x P/E and only modest dividend yield.
Positive Factors
Minimal Leverage
Shimano’s exceptionally low leverage reduces financial risk and preserves flexibility through industry cycles. A large equity base relative to debt means less cash is committed to financing costs, allowing the company to support operations and investment without substantial balance-sheet strain.
Negative Factors
Two-Year Revenue Decline
Revenue contraction across two consecutive years points to weaker underlying demand or product mix than during the earlier peak. Sustained top-line pressure can reduce operating leverage, limit reinvestment capacity, and make recovery dependent on renewed volume or mix improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Minimal Leverage
Shimano’s exceptionally low leverage reduces financial risk and preserves flexibility through industry cycles. A large equity base relative to debt means less cash is committed to financing costs, allowing the company to support operations and investment without substantial balance-sheet strain.
Read all positive factors
Shimano (7309) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.69T
Dividend Yield1.79%
Average Volume (3M)226.02K
Price to Earnings (P/E)37.4
Beta (1Y)0.25
Revenue Growth5.00%
EPS Growth17.30%
CountryJP
Employees10,242
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)670.56
Shares Outstanding86,530,000
10 Day Avg. Volume271,280
30 Day Avg. Volume226,020
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
¥19,857.50Price Target Upside0.42% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)569.94
Revenue Forecast (FY)¥490.91B
Shimano Business Overview & Revenue Model
Company Description
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, ...
How the Company Makes Money
Shimano makes money primarily by selling branded hardware products across three main business segments: (1) Bicycle Components, (2) Fishing Tackle, and (3) Rowing Equipment. The largest share of revenue typically comes from Bicycle Components, whe...
Shimano Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
93
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 475.89B | 466.24B | 450.99B | 474.36B | 628.91B | 546.51B |
| Gross Profit | 168.53B | 166.62B | 172.30B | 182.51B | 265.64B | 240.46B |
| EBITDA | 98.13B | 83.67B | 123.75B | 107.59B | 195.26B | 172.59B |
| Net Income | 57.98B | 33.99B | 76.33B | 61.14B | 128.18B | 115.94B |
Balance Sheet | ||||||
| Total Assets | 949.24B | 938.25B | 958.95B | 871.73B | 826.41B | 705.37B |
| Cash, Cash Equivalents and Short-Term Investments | 463.72B | 477.32B | 534.04B | 493.93B | 430.43B | 364.52B |
| Total Debt | 0.00 | 4.03B | 3.56B | 3.39B | 5.38B | 6.26B |
| Total Liabilities | 73.57B | 68.75B | 75.34B | 69.33B | 85.32B | 88.72B |
| Stockholders Equity | 874.11B | 868.26B | 882.40B | 801.17B | 740.11B | 615.99B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 28.26B | 50.21B | 89.78B | 90.44B | 96.28B |
| Operating Cash Flow | 0.00 | 63.78B | 87.03B | 114.57B | 110.68B | 112.44B |
| Investing Cash Flow | 0.00 | -40.67B | -35.81B | -31.76B | -33.38B | -20.13B |
| Financing Cash Flow | 0.00 | -80.32B | -49.48B | -43.96B | -58.42B | -58.77B |
Shimano Technical Analysis
Positive
19775.00
Price Trends
18674.20
Negative
18210.66
Positive
17447.55
Positive
Market Momentum
51.75
Negative
53.42
Neutral
70.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7309, the sentiment is Positive. The current price of 19775 is above the 20-day moving average (MA) of 18057.00, above the 50-day MA of 18674.20, and above the 200-day MA of 17447.55, indicating a neutral trend. The MACD of 51.75 indicates Negative momentum. The RSI at 53.42 is Neutral, neither overbought nor oversold. The STOCH value of 70.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7309.
Shimano Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥114.70B | 16.24 | ― | 2.73% | 1.66% | 9.39% | |
73 Outperform | ¥8.14B | 7.55 | ― | 4.30% | 6.27% | -62.11% | |
71 Outperform | ¥1.69T | 37.43 | 6.71% | 1.83% | 5.00% | 17.30% | |
68 Neutral | ¥206.36B | 15.07 | 17.01% | 1.19% | 15.09% | 12.17% | |
65 Neutral | ¥52.04B | 10.91 | ― | 4.01% | 3.84% | 4.87% | |
64 Neutral | ¥4.26B | 10.16 | ― | 4.57% | 20.87% | 116.29% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
JP:7309
Shimano
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Shimano Corporate Events
Shimano Moves to Shorten Director Terms and Strengthen Governance
Oct 27, 2026
Shimano has moved to overhaul its governance framework, reflecting the growing importance of board effectiveness in sustaining its competitive edge and corporate value. The company’s board has resolved to propose an amendment to its Articles...
Shimano sharpens FY2026 outlook as profits surge and dividends rise
Oct 27, 2026
Shimano reported a solid recovery in the first nine months of FY2026, with net sales rising 6.9% to ¥375.2 billion and net income attributable to owners of the parent surging 148.5% to ¥40.0 billion, helped by a sharp rebound in ordinary...
Shimano Advances Large-Scale Share Buyback Program
Oct 1, 2026
Shimano has reported progress on its ongoing share repurchase program, disclosing that it acquired 226,600 shares of common stock for about 4.2 billion yen between September 1 and September 30, 2026 under authorizations provided by Japan’s C...
Shimano Advances Share Buyback, Repurchasing ¥6 Billion in Stock in August
Sep 1, 2026
Shimano Inc. has repurchased 301,900 shares of its common stock during the period from August 1 to August 31, 2026, at a total cost of ¥6.0 billion, as part of its ongoing treasury stock acquisition program. The buyback is being conducted und...
Shimano Advances ¥50 Billion Share Buyback, Repurchases 362,400 Shares in July
Aug 3, 2026
Shimano has repurchased 362,400 shares of its common stock for approximately ¥6.6 billion during the period from July 1 to July 31, 2026, under its ongoing share buyback program authorized by the board in February. This latest transaction for...
Shimano lifts H1 profit and dividend but flags margin pressure in FY2026 outlook
Jul 28, 2026
Shimano reported a 4.1% rise in first-half FY2026 net sales to ¥247.1 billion, while operating income slipped 3.1% to ¥27.2 billion, but ordinary income surged 151.6% and net income attributable to owners jumped more than sixfold, liftin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.