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Shimadzu
(7701)
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Rating:80Outperform
Price Target:
¥4,854.00
▲(18.10% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial quality—solid profitability and very low leverage—tempered by cash flow volatility and some margin variability. Technicals add support with an uptrend and positive momentum, though near-term signals show the stock is approaching overbought territory. Valuation is fair (P/E ~18.5) with a modest dividend yield, contributing a neutral-to-slightly positive impact.
Positive Factors
Conservative Balance Sheet
Very low leverage gives Shimadzu financial flexibility to fund research, production capacity, service infrastructure and acquisitions while limiting interest-rate and refinancing risk through business cycles.
Negative Factors
Cash Flow Volatility
Although cash generation is generally positive, sizable year-to-year swings and operating cash flow below revenue indicate working-capital or order-timing sensitivity that can reduce visibility and complicate investment planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage gives Shimadzu financial flexibility to fund research, production capacity, service infrastructure and acquisitions while limiting interest-rate and refinancing risk through business cycles.
Read all positive factors
Shimadzu (7701) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.21T
Dividend Yield1.68%
Average Volume (3M)736.29K
Price to Earnings (P/E)18.1
Beta (1Y)0.83
Revenue Growth6.01%
EPS Growth28.51%
CountryJP
Employees14,649
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)228.12
Shares Outstanding296,070,250
10 Day Avg. Volume746,230
30 Day Avg. Volume736,290
Financial Highlights & Ratios
PEG Ratio1.25
Price to Book (P/B)1.89
Price to Sales (P/S)1.90
P/FCF Ratio26.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥5,250.00Price Target Upside27.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)205.18
Revenue Forecast (FY)¥604.35B
Shimadzu Business Overview & Revenue Model
Company Description
Shimadzu Corporation, founded in Kyoto, Japan, in 1875, is a global entity specializing in the development, production, and distribution of a diverse range of advanced instruments and systems. The company's extensive offerings span analytical and ...
How the Company Makes Money
Shimadzu primarily makes money by designing, manufacturing, and selling instruments and equipment, supplemented by recurring revenue from after-sales services and consumables. Key revenue streams typically include: (1) Analytical & measuring instr...
Shimadzu Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 572.95B | 560.73B | 539.05B | 511.89B | 482.24B | 428.18B |
| Gross Profit | 257.10B | 250.09B | 234.44B | 220.84B | 200.96B | 178.62B |
| EBITDA | 104.85B | 102.13B | 92.69B | 96.37B | 89.02B | 82.56B |
| Net Income | 65.91B | 60.50B | 53.77B | 57.04B | 52.05B | 47.29B |
Balance Sheet | ||||||
| Total Assets | 730.47B | 737.98B | 672.18B | 673.96B | 618.87B | 560.53B |
| Cash, Cash Equivalents and Short-Term Investments | 153.63B | 167.32B | 143.41B | 165.28B | 159.27B | 157.97B |
| Total Debt | 10.42B | 10.48B | 11.75B | 11.91B | 11.27B | 11.59B |
| Total Liabilities | 155.30B | 172.81B | 174.10B | 181.62B | 195.37B | 179.36B |
| Stockholders Equity | 575.15B | 565.16B | 498.06B | 492.33B | 423.50B | 381.16B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 39.74B | 36.90B | 14.63B | 31.46B | 53.24B |
| Operating Cash Flow | 0.00 | 54.68B | 52.00B | 30.13B | 48.30B | 63.37B |
| Investing Cash Flow | 0.00 | -15.91B | -23.17B | -16.00B | -34.51B | -6.04B |
| Financing Cash Flow | 0.00 | -25.50B | -48.41B | -21.10B | -19.42B | -15.66B |
Shimadzu Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥1.21T | 18.11 | 11.50% | 1.61% | 6.01% | 28.51% | |
80 Outperform | ¥19.77T | 40.90 | 13.44% | 0.77% | 16.95% | 23.91% | |
72 Outperform | ¥988.37B | 23.41 | 11.31% | 2.11% | 12.48% | 18.44% | |
69 Neutral | ¥725.02B | 41.14 | 4.24% | 1.61% | 9.93% | 23.82% | |
64 Neutral | ¥453.44B | 30.36 | 9.23% | 1.00% | 13.52% | 61.58% | |
63 Neutral | ¥366.40B | 23.31 | ― | 1.61% | -18.36% | -19.56% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Shimadzu Corporate Events
Shimadzu Delivers Strong Q1 Earnings and Raises Full-Year Outlook
Aug 6, 2026
Shimadzu reported strong first-quarter results for the three months to June 30, 2026, with net sales rising 10.3% year on year to ¥130.6 billion and operating profit up 17.1%. Ordinary profit surged 63.3% and profit attributable to owners of ...
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.