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SHIMANO, 4% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 30 yen

Wed Feb 12, 2025 3:30 pm JST Earnings

7309 SHIMANO INC. 【J-GAAP】

Earnings Report

SHIMANO INC. <7309> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 decreased 4.5% from the previous period to 98.6 billion yen. In the fiscal year ending December 2025, the profit is expected to decrease by 3.7% from the previous period to 95 billion yen. This will be the third consecutive term of declining profits.

At the same time, the company has decided to increase the dividend this fiscal year to 339 yen, an increase of 30 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit surged 5.7 times that of the same period last year, reaching 40.4 billion yen. The operating profit margin rose from 11.7% in the same period last year to 12.4%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 628,909 169,158 176,568 128,178 1,408.2 260 Feb 14, 2023 J-GAAP
Dec, 2023 474,362 83,653 103,369 61,142 676.8 285 Feb 13, 2024 J-GAAP
Dec, 2024 450,993 65,085 98,674 76,329 853.4 309 Feb 12, 2025 J-GAAP
YoY -4.9% -22.2% -4.5% +24.8% +26.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 450,000 66,000 77,500 56,000 628.8 309 Oct 29, 2024 J-GAAP
Dec, 2024 Results 450,993 65,085 98,674 76,329 853.4 309 Feb 12, 2025 J-GAAP
Revision Rate +0.2% -1.4% +27.3% +36.3% +35.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 216,887 30,955 55,625 43,704 487.5 154.50 Jul 30, 2024 J-GAAP
Jan - Jun, 2025 Guidance 228,000 30,000 41,300 31,000 353.7 169.50 Feb 12, 2025 J-GAAP
YoY +5.1% -3.1% -25.8% -29.1% -27.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 474,362 83,653 103,369 61,142 676.8 285 Feb 13, 2024 J-GAAP
Dec, 2024 450,993 65,085 98,674 76,329 853.4 309 Feb 12, 2025 J-GAAP
Dec, 2025 Guidance 470,000 70,000 95,000 71,000 810.0 339 Feb 12, 2025 J-GAAP
YoY +4.2% +7.6% -3.7% -7.0% -5.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 99,098 11,567 7,148 973 10.8 11.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 100,557 13,421 28,852 23,687 263.7 13.3 Apr 23, 2024 J-GAAP
Apr - Jun, 2024 116,330 17,534 26,773 20,017 223.3 15.1 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 117,992 19,696 2,637 -2,361 -26.4 16.7 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 116,114 14,434 40,412 34,986 391.1 12.4 Feb 12, 2025 J-GAAP
YoY +17.2% +24.8% +465.4% +3,495.7% +3,531.8%

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