Shimano Inc
F:SHM1

Watchlist Manager
Shimano Inc Logo
Shimano Inc
F:SHM1
Watchlist
Price: 8.5 EUR -1.16% Market Closed
Market Cap: 7.6B EUR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-25%
5Y
+31%
10Y
+23%
Operating Income
+
3Y
-70%
5Y
-29%
10Y
-39%
Net Income
+
3Y
-64%
5Y
-9%
10Y
-37%

Earnings Waterfall
Shimano Inc

Revenue
467.1B JPY
Cost of Revenue
-300.5B JPY
Gross Profit
166.6B JPY
Operating Expenses
-115.6B JPY
Operating Income
51B JPY
Other Expenses
92m JPY
Net Income
51.1B JPY

Income Statement
Shimano Inc

Rotate your device to view
Income Statement
Currency: JPY
Sep-2004 Mar-2005 Jun-2005 Sep-2005 Mar-2006 Jun-2006 Sep-2006 Mar-2007 Jun-2007 Sep-2007 Mar-2008 Jun-2008 Sep-2008 Mar-2009 Jun-2009 Sep-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
236
0
0
85
0
0
107
0
0
136
0
0
79
0
0
69
0
139
332
190
261
277
292
326
347
337
334
316
318
325
333
342
343
339
338
334
330
335
328
301
250
202
161
160
163
172
184
195
205
208
206
176
148
126
101
111
120
112
106
102
99
110
116
121
126
128
154
178
200
206
211
162
149
139
117
137
0
0
Revenue
122 558
N/A
122 116
0%
122 707
+0%
122 794
+0%
119 784
-2%
118 258
-1%
122 148
+3%
130 599
+7%
141 444
+8%
152 070
+8%
159 709
+5%
167 782
+5%
170 602
+2%
160 108
-6%
145 162
-9%
134 438
-7%
139 572
+4%
148 771
+7%
155 875
+5%
213 596
+37%
214 270
+0%
216 340
+1%
219 322
+1%
221 770
+1%
233 342
+5%
238 195
+2%
242 908
+2%
245 843
+1%
246 649
+0%
255 390
+4%
262 605
+3%
271 037
+3%
283 454
+5%
294 253
+4%
312 548
+6%
333 168
+7%
355 495
+7%
373 431
+5%
378 996
+1%
378 645
0%
362 792
-4%
348 488
-4%
333 482
-4%
322 998
-3%
320 750
-1%
319 649
0%
327 290
+2%
335 800
+3%
341 115
+2%
347 452
+2%
343 754
-1%
348 035
+1%
350 513
+1%
355 253
+1%
363 635
+2%
363 230
0%
352 436
-3%
341 536
-3%
357 881
+5%
378 040
+6%
427 546
+13%
482 479
+13%
509 053
+6%
546 515
+7%
564 136
+3%
585 507
+4%
618 993
+6%
628 909
+2%
610 933
-3%
588 473
-4%
536 508
-9%
474 362
-12%
448 848
-5%
427 999
-5%
433 977
+1%
450 993
+4%
463 975
+3%
471 515
+2%
467 134
-1%
Gross Profit
Cost of Revenue
(78 071)
(76 983)
(77 662)
(78 430)
(76 570)
(76 455)
(80 169)
(86 283)
(93 238)
(99 248)
(103 981)
(108 255)
(109 921)
(103 268)
(95 922)
(88 990)
(91 617)
(93 630)
(97 380)
(136 142)
(136 599)
(140 235)
(143 641)
(144 884)
(151 318)
(152 850)
(154 697)
(156 711)
(158 163)
(164 687)
(169 624)
(174 613)
(181 069)
(185 302)
(193 735)
(203 825)
(214 298)
(224 081)
(226 477)
(224 131)
(215 972)
(206 334)
(197 703)
(191 461)
(188 868)
(189 048)
(192 954)
(198 344)
(202 299)
(207 520)
(207 450)
(211 463)
(214 618)
(217 991)
(222 365)
(222 638)
(215 857)
(209 208)
(217 059)
(224 956)
(252 734)
(282 000)
(293 692)
(315 097)
(323 382)
(335 872)
(356 873)
(363 264)
(353 965)
(347 348)
(322 566)
(291 847)
(279 590)
(264 977)
(267 562)
(278 690)
(285 619)
(296 513)
(300 509)
Gross Profit
44 487
N/A
45 133
+1%
45 045
0%
44 364
-2%
43 214
-3%
41 803
-3%
41 979
+0%
44 316
+6%
48 206
+9%
52 822
+10%
55 728
+6%
59 527
+7%
60 681
+2%
56 840
-6%
49 240
-13%
45 448
-8%
47 955
+6%
55 141
+15%
58 495
+6%
77 454
+32%
77 671
+0%
76 105
-2%
75 681
-1%
76 886
+2%
82 024
+7%
85 345
+4%
88 211
+3%
89 132
+1%
88 486
-1%
90 703
+3%
92 981
+3%
96 424
+4%
102 385
+6%
108 951
+6%
118 813
+9%
129 343
+9%
141 197
+9%
149 350
+6%
152 519
+2%
154 514
+1%
146 820
-5%
142 154
-3%
135 779
-4%
131 537
-3%
131 882
+0%
130 601
-1%
134 336
+3%
137 456
+2%
138 816
+1%
139 932
+1%
136 304
-3%
136 572
+0%
135 895
0%
137 262
+1%
141 270
+3%
140 592
0%
136 579
-3%
132 328
-3%
140 822
+6%
153 084
+9%
174 812
+14%
200 479
+15%
215 361
+7%
231 418
+7%
240 754
+4%
249 635
+4%
262 120
+5%
265 645
+1%
256 968
-3%
241 125
-6%
213 942
-11%
182 515
-15%
169 258
-7%
163 022
-4%
166 415
+2%
172 303
+4%
178 356
+4%
175 002
-2%
166 625
-5%
Operating Income
Operating Expenses
(24 096)
(24 032)
(25 068)
(25 859)
(26 550)
(27 001)
(28 101)
(28 915)
(29 952)
(30 789)
(31 731)
(32 156)
(32 648)
(32 446)
(32 044)
(34 980)
(35 389)
(36 000)
(32 936)
(44 681)
(44 822)
(45 378)
(45 726)
(45 143)
(46 835)
(46 970)
(47 368)
(48 171)
(48 539)
(50 390)
(52 808)
(54 649)
(56 138)
(58 008)
(60 121)
(63 527)
(66 417)
(68 575)
(69 585)
(69 461)
(68 878)
(68 294)
(67 326)
(66 991)
(68 155)
(69 386)
(71 727)
(73 105)
(72 798)
(71 901)
(70 687)
(70 885)
(70 851)
(72 034)
(73 005)
(72 582)
(72 196)
(69 697)
(68 906)
(70 383)
(72 198)
(76 530)
(79 987)
(83 131)
(87 005)
(90 361)
(94 230)
(96 487)
(97 834)
(98 968)
(99 274)
(98 862)
(100 193)
(102 322)
(104 197)
(107 218)
(110 550)
(112 749)
(115 626)
Selling, General & Administrative
(23 563)
(24 172)
(25 208)
(25 859)
(26 550)
(27 001)
(28 101)
(28 915)
(29 952)
(30 789)
(31 731)
(32 156)
(32 648)
(32 446)
(32 044)
(31 769)
(32 178)
(32 789)
(32 936)
(44 681)
(44 822)
(45 378)
(45 726)
(40 212)
(46 835)
(46 971)
(47 368)
(43 402)
(48 538)
(50 388)
(52 809)
(49 211)
(56 138)
(58 008)
(60 119)
(57 998)
(66 415)
(68 574)
(69 584)
(69 461)
(68 880)
(68 294)
(67 325)
(66 991)
(68 154)
(69 386)
(71 728)
(65 734)
(72 798)
(71 902)
(70 687)
(65 206)
(70 850)
(72 032)
(73 003)
(66 060)
(72 194)
(69 697)
(68 905)
(65 013)
(72 197)
(76 528)
(79 987)
(78 049)
(87 004)
(90 359)
(94 227)
(96 486)
(97 832)
(98 968)
(99 273)
(98 861)
(100 194)
(102 319)
(104 197)
(107 217)
(110 549)
(112 749)
(115 625)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4 931)
0
0
0
(4 769)
0
0
0
(5 437)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(7 371)
0
0
0
(5 678)
0
0
0
(6 521)
0
0
0
(5 369)
0
0
0
(5 080)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
(533)
140
140
0
0
0
0
0
0
0
0
0
0
0
0
(3 211)
(3 211)
(3 211)
0
0
0
0
0
0
0
1
0
0
(1)
0
1
(1)
0
0
0
(5 529)
(2)
(1)
(1)
0
0
0
(1)
0
(1)
0
1
0
0
1
1
(1)
0
(1)
(2)
(1)
(2)
0
(1)
(1)
(1)
(2)
0
(2)
(1)
0
(3)
(1)
(2)
0
(1)
(1)
0
(3)
0
(1)
0
0
(1)
Operating Income
20 391
N/A
21 101
+3%
19 977
-5%
18 505
-7%
16 664
-10%
14 802
-11%
13 878
-6%
15 401
+11%
18 254
+19%
22 033
+21%
23 997
+9%
27 371
+14%
28 033
+2%
24 394
-13%
17 196
-30%
10 468
-39%
12 566
+20%
19 141
+52%
25 559
+34%
32 773
+28%
32 849
+0%
30 727
-6%
29 955
-3%
31 743
+6%
35 189
+11%
38 375
+9%
40 843
+6%
40 961
+0%
39 947
-2%
40 313
+1%
40 173
0%
41 775
+4%
46 247
+11%
50 943
+10%
58 692
+15%
65 816
+12%
74 780
+14%
80 775
+8%
82 934
+3%
85 053
+3%
77 942
-8%
73 860
-5%
68 453
-7%
64 546
-6%
63 727
-1%
61 215
-4%
62 609
+2%
64 351
+3%
66 018
+3%
68 031
+3%
65 617
-4%
65 687
+0%
65 044
-1%
65 228
+0%
68 265
+5%
68 010
0%
64 383
-5%
62 631
-3%
71 916
+15%
82 701
+15%
102 614
+24%
123 949
+21%
135 374
+9%
148 287
+10%
153 749
+4%
159 274
+4%
167 890
+5%
169 158
+1%
159 134
-6%
142 157
-11%
114 668
-19%
83 653
-27%
69 065
-17%
60 700
-12%
62 218
+3%
65 085
+5%
67 806
+4%
62 253
-8%
50 999
-18%
Pre-Tax Income
Interest Income Expense
981
855
707
877
1 221
464
1 205
1 463
2 418
1 505
978
(409)
863
2 674
2 387
445
(2 045)
(3 300)
(4 045)
(4 958)
(5 140)
(3 094)
(2 791)
614
455
1 272
55
(1 564)
454
2 200
4 744
5 749
3 810
1 212
2 220
5 422
9 242
10 009
23 194
15 802
6 261
9 291
(1 631)
6 376
9 946
4 952
(717)
(8 521)
(7 830)
(724)
3 271
7 898
7 943
5 043
7 382
2 128
14 340
9 169
2 034
113
(6 608)
(3 868)
1 303
6 790
3 760
14 240
24 184
9 797
9 579
13 269
10 069
20 846
35 245
30 919
5 400
35 639
19 451
(2 251)
21 733
Non-Reccuring Items
0
(673)
(303)
(261)
(261)
(86)
(94)
(94)
34
0
0
0
0
0
0
0
0
0
0
(217)
(1 381)
(1 705)
(1 873)
(2 592)
(952)
(694)
(705)
(1 196)
(1 107)
(1 141)
(1 013)
(2 478)
(2 288)
(2 594)
(2 605)
(2 600)
(2 215)
(1 916)
(1 958)
(883)
(634)
(540)
(1 012)
(1 810)
(1 827)
(2 217)
(1 764)
(1 361)
(1 468)
(3 174)
(2 978)
(3 259)
(2 591)
(556)
(872)
(945)
(990)
2 686
2 879
2 769
3 583
(131)
(188)
(619)
(2 003)
(2 566)
(2 611)
(2 530)
(1 598)
(1 050)
(18 483)
(19 931)
(19 795)
(19 671)
(2 089)
(1 116)
(1 063)
(1 073)
(1 191)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
741
0
0
2 576
2 559
0
0
0
0
0
0
0
0
0
(90)
(98)
(98)
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(359)
(230)
(35)
56
(798)
(373)
(1 151)
(505)
(1 285)
(635)
(1 662)
(31)
(1 018)
36
(1 448)
(315)
(305)
33
21
168
(241)
(585)
(728)
(205)
(277)
93
205
276
114
14
107
176
102
(312)
(381)
(85)
385
784
683
427
162
(76)
273
(710)
(644)
(648)
(1 020)
94
(100)
30
1 204
157
(277)
(234)
(1 224)
(359)
2 683
2 177
(827)
(763)
(778)
(641)
50
(730)
(718)
(972)
(1 636)
(2 215)
(2 894)
(2 460)
(1 713)
(1 130)
(684)
(1 034)
(2 207)
(1 014)
(995)
(1 880)
(1 036)
Pre-Tax Income
21 013
N/A
21 053
+0%
20 346
-3%
19 177
-6%
16 826
-12%
14 807
-12%
13 838
-7%
16 265
+18%
19 421
+19%
22 903
+18%
23 313
+2%
26 931
+16%
27 878
+4%
27 104
-3%
18 135
-33%
10 598
-42%
10 216
-4%
15 874
+55%
21 535
+36%
27 766
+29%
26 087
-6%
25 343
-3%
24 563
-3%
29 560
+20%
34 415
+16%
39 046
+13%
40 398
+3%
38 477
-5%
39 408
+2%
41 386
+5%
44 011
+6%
45 222
+3%
47 871
+6%
49 249
+3%
57 926
+18%
68 553
+18%
82 192
+20%
89 652
+9%
104 853
+17%
100 399
-4%
83 731
-17%
82 535
-1%
66 083
-20%
68 402
+4%
71 202
+4%
63 302
-11%
59 108
-7%
54 563
-8%
56 620
+4%
64 163
+13%
67 114
+5%
71 224
+6%
70 119
-2%
69 481
-1%
76 127
+10%
71 393
-6%
80 416
+13%
76 663
-5%
76 002
-1%
84 820
+12%
98 811
+16%
119 309
+21%
136 539
+14%
153 728
+13%
154 788
+1%
169 886
+10%
187 729
+11%
174 112
-7%
164 221
-6%
151 916
-7%
104 541
-31%
83 438
-20%
83 831
+0%
70 914
-15%
63 322
-11%
98 594
+56%
85 199
-14%
57 049
-33%
70 505
+24%
Net Income
Tax Provision
(7 335)
(7 436)
(6 612)
(6 070)
(4 940)
(4 610)
(3 966)
(5 306)
(5 828)
(6 949)
(6 677)
(8 604)
(9 166)
(8 267)
(5 402)
(2 691)
(2 740)
(4 902)
(7 069)
(8 550)
(9 704)
(8 854)
(8 344)
(9 612)
(9 684)
(10 743)
(11 385)
(10 929)
(11 200)
(11 298)
(11 446)
(10 095)
(10 437)
(11 138)
(13 652)
(17 418)
(20 572)
(22 723)
(23 599)
(24 176)
(21 620)
(20 003)
(17 872)
(17 508)
(17 116)
(16 561)
(16 888)
(16 098)
(16 927)
(16 753)
(16 779)
(17 285)
(16 921)
(18 488)
(19 380)
(19 535)
(18 945)
(18 353)
(19 686)
(21 294)
(26 293)
(30 896)
(34 113)
(37 596)
(38 511)
(41 189)
(44 086)
(45 676)
(44 307)
(41 676)
(29 418)
(22 085)
(18 971)
(16 172)
(20 798)
(22 021)
(22 631)
(20 366)
(19 265)
Income from Continuing Operations
13 678
13 617
13 734
13 107
11 886
10 197
9 872
10 959
13 593
15 954
16 636
18 327
18 712
18 837
12 733
7 907
7 476
10 972
14 466
19 216
16 383
16 489
16 219
19 948
24 731
28 303
29 013
27 548
28 208
30 088
32 565
35 127
37 434
38 111
44 274
51 135
61 620
66 929
81 254
76 223
62 111
62 532
48 211
50 894
54 086
46 741
42 220
38 465
39 693
47 410
50 335
53 939
53 198
50 993
56 747
51 858
61 471
58 310
56 316
63 526
72 518
88 413
102 426
116 132
116 277
128 697
143 643
128 436
119 914
110 240
75 123
61 353
64 860
54 742
42 524
76 573
62 568
36 683
51 240
Income to Minority Interest
(39)
(42)
(49)
(40)
(42)
(54)
(41)
(70)
(85)
(123)
(119)
(99)
(65)
(34)
(32)
(46)
(48)
(51)
(50)
(91)
(125)
(82)
(85)
(81)
(74)
(96)
(100)
(60)
(66)
(66)
(44)
(38)
(17)
(20)
(19)
103
81
58
27
(32)
(7)
49
90
69
58
27
22
(21)
6
24
17
(7)
(8)
(13)
(27)
(23)
(23)
(35)
(48)
(52)
(112)
(139)
(159)
(194)
(195)
(207)
(244)
(257)
(271)
(241)
(261)
(209)
(231)
(272)
(207)
(243)
(141)
(97)
(146)
Net Income (Common)
13 638
N/A
13 575
0%
13 682
+1%
13 067
-4%
11 843
-9%
10 144
-14%
9 829
-3%
10 888
+11%
13 507
+24%
15 829
+17%
16 514
+4%
18 226
+10%
18 644
+2%
18 799
+1%
12 700
-32%
7 861
-38%
7 429
-5%
10 918
+47%
14 413
+32%
19 121
+33%
16 255
-15%
16 403
+1%
16 127
-2%
19 862
+23%
24 654
+24%
28 205
+14%
28 915
+3%
27 487
-5%
28 141
+2%
30 022
+7%
32 521
+8%
35 088
+8%
37 416
+7%
38 090
+2%
44 252
+16%
51 237
+16%
61 700
+20%
66 985
+9%
81 282
+21%
76 190
-6%
62 102
-18%
62 580
+1%
48 300
-23%
50 964
+6%
54 146
+6%
46 770
-14%
42 243
-10%
38 443
-9%
39 699
+3%
47 433
+19%
50 351
+6%
53 931
+7%
53 188
-1%
50 979
-4%
56 718
+11%
51 833
-9%
61 446
+19%
58 273
-5%
56 265
-3%
63 472
+13%
72 405
+14%
88 273
+22%
102 265
+16%
115 937
+13%
116 081
+0%
128 488
+11%
143 399
+12%
128 178
-11%
119 641
-7%
109 998
-8%
74 861
-32%
61 142
-18%
64 626
+6%
54 468
-16%
42 316
-22%
76 329
+80%
62 428
-18%
36 586
-41%
51 091
+40%
EPS (Diluted)
122.86
N/A
124.54
+1%
126.68
+2%
124.44
-2%
114.98
-8%
99.45
-14%
98.29
-1%
112.24
+14%
137.82
+23%
164.88
+20%
172.02
+4%
187.89
+9%
194.2
+3%
195.82
+1%
130.92
-33%
81.88
-37%
78.2
-4%
114.92
+47%
153.32
+33%
203.41
+33%
172.92
-15%
174.5
+1%
171.56
-2%
211.29
+23%
265.09
+25%
303.27
+14%
310.91
+3%
295.55
-5%
302.59
+2%
322.81
+7%
349.68
+8%
377.29
+8%
402.32
+7%
409.56
+2%
475.82
+16%
552.69
+16%
663.44
+20%
720.26
+9%
874
+21%
821.86
-6%
667.76
-19%
625.79
-6%
561.62
-10%
549.76
-2%
582.21
+6%
502.9
-14%
454.22
-10%
414.69
-9%
426.87
+3%
510.03
+19%
543.15
+6%
581.77
+7%
573.75
-1%
549.93
-4%
611.84
+11%
559.14
-9%
662.84
+19%
628.62
-5%
606.96
-3%
684.7
+13%
781.07
+14%
952.25
+22%
1 104.51
+16%
1 252.61
+13%
1 268.38
+1%
1 409.8
+11%
1 579.31
+12%
1 408.22
-11%
1 321.22
-6%
1 216.75
-8%
828.63
-32%
676.76
-18%
719.43
+6%
608.76
-15%
473.72
-22%
853.35
+80%
702.98
-18%
417.4
-41%
584.92
+40%

See Also

Summary
SHM1 intrinsic value, competitors valuation, and company profile.
DCF Valuation
SHM1 stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SHM1 stock valuation using valuation multiples.
Wall Street Estimates
SHM1 price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SHM1 stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 307,400+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.