kabutan

SHIMANO, First Half Ordinary Profit Revised Downward by 16%, Full Year also Reduced

Wed Apr 23, 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 April 23rd (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending December 2025 (January to March) dropped 46.6% from the same period last year to 15.4 billion yen.

In addition, the January to June period (1H) consolidated ordinary profit has decreased 16.3%, from the previous forecast of 41.3 billion yen to 34.5 billion yen (compared to 55.6 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 25.8% to 37.9%.

Due to the deterioration of business performance in the first half of the year, the full-year consolidated ordinary profit has decreased 7.1%, from the previous forecast of 95 billion yen to 88.2 billion yen (compared to 98.6 billion yen in the previous period), leading to an increase in the profit decline rate from 3.7% to 10.6%.

In the most recent three-month period, from January to March (1Q), the operating profit margin rose from 13.3% in the same period last year to 14.2%.

Kabutan News

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, 2023 126,071 28,009 28,596 20,203 223.1 41.8 Apr 25, 2023 J-GAAP
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 44.6 Apr 23, 2025 J-GAAP
YoY +12.9% +20.3% -46.6% -58.7% -58.2%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Prev 228,000 30,000 41,300 31,000 353.7 169.50 Feb 12, 2025 J-GAAP
Jan - Jun, 2025 New 228,000 30,000 34,550 23,800 271.5 169.50 Apr 23, 2025 J-GAAP
Revision Rate 0.0% 0.0% -16.3% -23.2% -23.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 470,000 70,000 95,000 71,000 810.0 339 Feb 12, 2025 J-GAAP
Dec, 2025 New 470,000 70,000 88,250 63,800 727.9 339 Apr 23, 2025 J-GAAP
Revision Rate 0.0% 0.0% -7.1% -10.1% -10.1%

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 34,550 23,800 271.5 169.50 Apr 23, 2025 J-GAAP
YoY +5.1% -3.1% -37.9% -45.5% -44.3%

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 88,250 63,800 727.9 339 Apr 23, 2025 J-GAAP
YoY +4.2% +7.6% -10.6% -16.4% -14.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 113,539 16,142 15,404 9,786 110.2 14.2 Apr 23, 2025 J-GAAP
YoY +12.9% +20.3% -46.6% -58.7% -58.2%

Related Articles