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SHIMANO, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 5%

Thu Apr 23, 2026 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 April 23rd (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending December 2026 (January to March) decreased 3.4% from the same period last year to 14.8 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 4.8%, from the previous forecast of 56.0 billion yen to 53.3 billion yen (compared to 47.0 billion yen in the previous period), leading to a reduction in the profit growth rate from 19.1% to 13.3%.

Furthermore, the January to June period (first half) consolidated ordinary profit forecast remains unchanged from the estimate of 29.3 billion yen(compared to 14.0 billion yen in the previous period).

In the most recent three-month period, from January to March (1Q), the operating profit margin significantly dropped from 14.2% in the same period last year to 8.8%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Mar, 2024 100,557 13,421 28,852 23,687 263.7 51.9 Apr 23, 2024 J-GAAP
Jan - Mar, 2025 113,539 16,142 15,404 9,786 110.2 109.7 Apr 23, 2025 J-GAAP
Jan - Mar, 2026 117,644 10,400 14,885 12,814 148.5 50.8 Apr 23, 2026 J-GAAP
YoY +3.6% -35.6% -3.4% +30.9% +34.7%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2026 Prev 227,000 24,000 29,300 22,000 255.7 181.50 Feb 10, 2026 J-GAAP
Jan - Jun, 2026 New 227,000 24,000 29,300 24,000 279.0 181.50 Apr 23, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +9.1% +9.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2026 Prev 467,000 47,000 56,000 42,000 488.2 363 Feb 10, 2026 J-GAAP
Dec, 2026 New 467,000 47,000 53,300 42,000 488.2 363 Apr 23, 2026 J-GAAP
Revision Rate 0.0% 0.0% -4.8% 0.0% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 237,409 28,123 14,038 3,961 44.9 169.50 Jul 29, 2025 J-GAAP
Jan - Jun, 2026 Guidance 227,000 24,000 29,300 24,000 279.0 181.50 Apr 23, 2026 J-GAAP
YoY -4.4% -14.7% +108.7% +505.9% +521.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 450,993 65,085 98,674 76,329 853.4 309 Feb 12, 2025 J-GAAP
Dec, 2025 466,243 51,677 47,029 33,991 388.2 339 Feb 10, 2026 J-GAAP
Dec, 2026 Guidance 467,000 47,000 53,300 42,000 488.2 363 Apr 23, 2026 J-GAAP
YoY +0.2% -9.1% +13.3% +23.6% +25.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 113,539 16,142 15,404 9,786 110.2 14.2 Apr 23, 2025 J-GAAP
Apr - Jun, 2025 123,870 11,981 -1,366 -5,825 -66.0 9.7 Jul 29, 2025 J-GAAP
Jul - Sep, 2025 113,611 8,442 16,210 12,144 138.1 7.4 Oct 28, 2025 J-GAAP
Oct - Dec, 2025 115,223 15,112 16,781 17,886 204.3 13.1 Feb 10, 2026 J-GAAP
Jan - Mar, 2026 117,644 10,400 14,885 12,814 148.5 8.8 Apr 23, 2026 J-GAAP
YoY +3.6% -35.6% -3.4% +30.9% +34.7%

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