Shimano (7309) Q3 2026 earnings summary

Executive summary

• FY2025 revised sales forecast is ¥460,000 million, up 2.0% year-over-year from FY2024 results.

• Operating income for FY2025 is projected at ¥46,000 million, a 29.3% decrease year-over-year.

• Net income attributable to owners is expected to be ¥30,500 million, down 60.0% from FY2024.

• Net sales for the first nine months of FY2025 rose 4.8% year-over-year to ¥351,020 million, but operating income fell 27.8% and net income dropped 61.0%, impacted by foreign exchange losses and lower profitability.

• Comprehensive income declined 80.0% year-over-year to ¥13,050 million.

Financial highlights

• FY2024 sales were ¥450,993 million, with operating income of ¥65,085 million and net income of ¥76,330 million.

• Gross profit margin is expected to decline from 38.2% in FY2024 to 35.2% in FY2025.

• Basic earnings per share projected at ¥414.69 for FY2025, down from ¥1,408.22 in FY2024.

• Ordinary income fell 48.1% to ¥30,248 million, with foreign exchange losses increasing to ¥18,387 million.

• Total assets decreased to ¥897,224 million from ¥958,953 million at the previous fiscal year-end, mainly due to a significant reduction in cash and time deposits.

Outlook and guidance

• FY2025 guidance unchanged from previous schedule, with stable sales and profit expectations.

• Dividend forecast for FY2025 is ¥339.00 per share.

• Management notes that actual performance may differ materially due to various factors.