Shimano (7309) Q1 2026 earnings summary

Executive summary

• FY2025 revised sales forecast is ¥470 billion, up 4.2% year-over-year from FY2024 results.

• Operating income for FY2025 is projected at ¥70 billion, a 7.6% increase from the previous year.

• Net income attributable to owners is forecast at ¥63.8 billion, down 16.4% year-over-year, with ordinary income and net income guidance revised downward due to non-operating expenses from Asian currency appreciation.

• Comprehensive income turned negative at (16,151) million yen, mainly due to foreign currency translation adjustments.

• The revised FY2025 schedule shows minimal changes from the previous schedule, with only minor adjustments in segment sales.

Financial highlights

• FY2024 consolidated sales were ¥450.99 billion, with a gross profit margin of 38.2%.

• FY2025 sales are expected to reach ¥470 billion, with a gross profit margin of 37.9%.

• Basic earnings per share for FY2025 are forecast at ¥1,252.62, down from ¥1,408.22 in FY2024, while another forecast puts basic EPS at 722.68 yen.

• Total assets decreased to 912,749 million yen from 958,953 million yen at prior year-end.

• Net assets fell to 836,850 million yen, with shareholders' equity ratio at 91.6%.

Outlook and guidance

• Management expects continued sales growth in both bicycle components and fishing tackle segments.

• FY2025 guidance remains largely unchanged from the previous schedule, reflecting stable demand assumptions.

• Ordinary income and net income guidance revised downward due to non-operating expenses from Asian currency appreciation.

• Forward-looking statements caution that actual results may differ due to various factors.