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SHIMANO, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 44%

Tue Jul 29, 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 July 29th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) significantly dropped 74.8% from the same period last year to 14.0 billion yen, fell short of the previous forecast of 34.5 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 44.1%, from the previous forecast of 88.2 billion yen to 49.3 billion yen (compared to 98.6 billion yen in the previous period), leading to an increase in the profit decline rate from 10.6% to 50.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to decrease 18.1% from the same period last year to 35.2 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit/loss turned to a loss of 1.36 billion yen (compared to a profit of 26.7 billion yen in the same period last year). The operating profit margin significantly dropped from 15.1% in the same period last year to 9.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 263,250 53,908 68,409 50,378 556.8 66.2 Jul 25, 2023 J-GAAP
Jan - Jun, 2024 216,887 30,955 55,625 43,704 487.5 56.4 Jul 30, 2024 J-GAAP
Jan - Jun, 2025 237,409 28,123 14,038 3,961 44.9 28.5 Jul 29, 2025 J-GAAP
YoY +9.5% -9.1% -74.8% -90.9% -90.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 228,000 30,000 34,550 23,800 271.5 169.50 Apr 23, 2025 J-GAAP
Jan - Jun, 2025 Results 237,409 28,123 14,038 3,961 44.9 169.50 Jul 29, 2025 J-GAAP
Revision Rate +4.1% -6.3% -59.4% -83.4% -83.5%

Guidance Update

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 88,250 63,800 737.9 339 Apr 23, 2025 J-GAAP
Dec, 2025 New 460,000 46,000 49,300 30,500 352.7 339 Jul 29, 2025 J-GAAP
Revision Rate -2.1% -34.3% -44.1% -52.2% -52.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 234,106 34,130 43,049 32,625 364.8 154.50 Feb 12, 2025 J-GAAP
Jul - Dec, 2025 Guidance 222,591 17,877 35,262 26,539 306.9 169.50 Jul 29, 2025 J-GAAP
YoY -4.9% -47.6% -18.1% -18.7% -15.9%

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 460,000 46,000 49,300 30,500 352.7 339 Jul 29, 2025 J-GAAP
YoY +2.0% -29.3% -50.0% -60.0% -58.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 123,870 11,981 -1,366 -5,825 -66.0 9.7 Jul 29, 2025 J-GAAP
YoY +6.5% -31.7% － － －

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