Shimano (7309) Q1 2026 earnings summary

Executive summary

• Net sales rose 12.9% year-over-year to 113,539 million yen, with operating income up 20.3% to 16,142 million yen.

• Ordinary income dropped 46.6% to 15,404 million yen, and net income attributable to owners of parent fell 58.7% to 9,786 million yen.

• Comprehensive income turned negative at (16,151) million yen, mainly due to foreign currency translation adjustments.

Financial highlights

• Gross profit increased to 45,097 million yen from 39,044 million yen year-over-year.

• Basic earnings per share declined to 110.20 yen from 263.69 yen year-over-year.

• Total assets decreased to 912,749 million yen from 958,953 million yen at prior year-end.

• Net assets fell to 836,850 million yen, with shareholders' equity ratio at 91.6%.

Outlook and guidance

• Full-year net sales forecast at 470,000 million yen, up 4.2% year-over-year; operating income projected at 70,000 million yen.

• Ordinary income and net income guidance revised downward due to non-operating expenses from Asian currency appreciation.

• Net income forecast for FY2025 is 63,800 million yen, down 16.4% year-over-year; basic EPS forecast at 722.68 yen.