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Shimano
(7309)
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Rating:63Neutral
Price Target:
¥19,974.00
▲(19.46% Upside)
Action:Reiterated
Date:02/18/26
The score is primarily supported by very strong balance-sheet quality and low financial risk, but it is held back by deteriorating profitability/cash flow trends and a high P/E multiple. Technical indicators add a modest negative tilt given below-trend pricing and sub-50 RSI.
Positive Factors
Exceptionally conservative balance sheet
Shimano's very low leverage and large equity base provide durable financial flexibility. Minimal debt reduces refinancing and interest-rate risk, supports investment in capex/R&D, and preserves dividend capacity during cyclical downturns, underpinning long-term stability.
Negative Factors
Two-year revenue decline and sharp margin hit
Sustained top-line weakness alongside large margin compression signals structural demand softness or worsening cost/mix dynamics. If prolonged, lower scale and margin volatility can erode competitiveness, reduce reinvestment capacity, and constrain sustainable profit generation over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptionally conservative balance sheet
Shimano's very low leverage and large equity base provide durable financial flexibility. Minimal debt reduces refinancing and interest-rate risk, supports investment in capex/R&D, and preserves dividend capacity during cyclical downturns, underpinning long-term stability.
Read all positive factors
Shimano (7309) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.62T
Dividend Yield1.87%
Average Volume (3M)362.85K
Price to Earnings (P/E)44.0
Beta (1Y)0.31
Revenue Growth1.37%
EPS Growth-38.81%
CountryJP
Employees10,242
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)426.72
Shares Outstanding86,530,000
10 Day Avg. Volume334,790
30 Day Avg. Volume362,853
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
¥17,884.00Price Target Upside6.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)546.03
Revenue Forecast (FY)¥477.23B
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 mainly by selling manufactured components and equipment through B2B distribution channels and, to a lesser extent, direct sales arrangements depending on region and product category. Its core revenue stream is the Bicycle Compo...
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 | 470.35B | 466.24B | 450.99B | 474.36B | 628.91B | 546.51B |
| Gross Profit | 163.38B | 166.62B | 172.30B | 182.51B | 265.64B | 240.46B |
| EBITDA | 79.42B | 83.67B | 123.75B | 107.59B | 195.26B | 172.59B |
| Net Income | 37.02B | 33.99B | 76.33B | 61.14B | 128.18B | 115.94B |
Balance Sheet | ||||||
| Total Assets | 937.38B | 938.25B | 958.95B | 871.73B | 826.41B | 705.37B |
| Cash, Cash Equivalents and Short-Term Investments | 450.51B | 477.32B | 534.04B | 493.93B | 430.43B | 364.52B |
| Total Debt | 3.46B | 4.03B | 3.56B | 3.39B | 5.38B | 6.26B |
| Total Liabilities | 69.39B | 68.75B | 75.34B | 69.33B | 85.32B | 88.72B |
| Stockholders Equity | 866.60B | 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
16720.00
Price Trends
16799.57
Positive
16615.61
Positive
16583.07
Positive
Market Momentum
369.66
Negative
70.05
Negative
75.60
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 16720 is below the 20-day moving average (MA) of 17392.12, below the 50-day MA of 16799.57, and above the 200-day MA of 16583.07, indicating a bullish trend. The MACD of 369.66 indicates Negative momentum. The RSI at 70.05 is Negative, neither overbought nor oversold. The STOCH value of 75.60 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥97.97B | 15.25 | ― | 3.29% | -3.23% | -3.34% | |
71 Outperform | ¥52.95B | 10.14 | ― | 3.94% | 2.40% | 14.62% | |
66 Neutral | ¥8.38B | 8.59 | ― | 3.96% | 6.05% | -67.41% | |
63 Neutral | ¥1.62T | 43.95 | 5.92% | 1.93% | 1.37% | -38.81% | |
63 Neutral | ¥4.11B | 13.47 | ― | 4.78% | 2.57% | 18.96% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥226.76B | 18.47 | 15.93% | 0.72% | 18.35% | 15.11% |
* Consumer Cyclical Sector Average
JP:7309
Shimano
18,755.00
-1,132.91
-5.70%
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Shimano Corporate Events
Shimano Advances Share Buyback, Uses Half of ¥50 Billion Authorization
Jul 1, 2026
Shimano has repurchased 310,800 shares of its common stock between June 1 and June 30, 2026, at a total cost of about ¥5.1 billion, as part of a broader share buyback program authorized by its board. The move forms part of a larger plan appro...
Shimano Advances ¥50 Billion Share Buyback Program With May Purchases
Jun 1, 2026
Shimano Inc. said it repurchased 107,800 shares of its common stock in May 2026 for about ¥1.8 billion, continuing a previously approved share buyback program. The company is using both off-auction own share repurchase trading and regular mar...
Shimano Completes Disposal of Treasury Shares for Executive Restricted Stock Pay
May 8, 2026
Shimano Inc. has completed the payment process for the disposal of 3,746 treasury shares, which are being used as restricted stock remuneration for its management. The shares, priced at 16,855 yen each for a total value of 63,138,830 yen, were all...
Shimano Advances ¥50 Billion Share Buyback Program With April Purchases
May 1, 2026
Shimano has disclosed the latest status of its ongoing share buyback program, reporting the acquisition of 626,900 common shares in April for a total of ¥10.61 billion. The repurchases, executed on the Tokyo Stock Exchange, form part of a bro...
Shimano to Grant ¥63 Million in Restricted Stock to Directors and Executives
Apr 23, 2026
Shimano Inc. has approved the disposal of 3,746 treasury shares as restricted stock remuneration to four internal directors and ten executive officers, with a total value of ¥63.1 million and a disposal price of ¥16,855 per share. The pl...
Shimano Advances ¥50 Billion Share Buyback, Repurchases Over 1 Million Shares
Apr 23, 2026
Shimano Inc. has disclosed the latest progress in its ongoing share buyback program, repurchasing 626,900 common shares for a total of ¥10.61 billion between April 1 and April 23, 2026, under the authority granted by its articles of incorpora...
Shimano Q1 Profit Rises on Strong Equity Base as It Lifts FY2026 Dividend Outlook
Apr 23, 2026
Shimano reported first-quarter FY2026 consolidated net sales of ¥117.6 billion, up 3.6% year on year, while operating income dropped 35.6% to ¥10.4 billion and ordinary income slipped 3.4%, even as net income attributable to owners of th...
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.