Shimano Inc. (SHMDF)

Shimano Income Statement

Financials in millions JPY. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	466,243	450,993	474,362	628,909	546,515
Revenue Growth (YoY)	3.38%	-4.93%	-24.57%	15.08%	44.56%
Cost of Revenue	299,627	278,690	291,847	363,264	315,097
Gross Profit	166,616	172,303	182,515	265,645	231,418
Selling, General & Admin	114,938	107,217	98,861	96,486	78,049
Research & Development	-	-	-	-	5,080
Operating Expenses	114,938	107,217	98,861	96,486	83,129
Operating Income	51,678	65,086	83,654	169,159	148,289
Interest Expense	-109	-117	-211	-154	-116
Interest & Investment Income	17,848	23,529	21,111	6,628	2,238
Currency Exchange Gain (Loss)	-19,626	12,227	-54	3,323	3,386
Other Non Operating Income (Expenses)	-1,847	-1,016	-1,133	-2,217	-733
EBT Excluding Unusual Items	47,944	99,709	103,367	176,739	153,064
Merger & Restructuring Charges	-179	-	-	-	-
Gain (Loss) on Sale of Investments	3,222	-1,036	-	-98	1,282
Gain (Loss) on Sale of Assets	-	-	-	-172	-503
Asset Writedown	-	-	-909	-733	-
Other Unusual Items	5,369	-80	-19,022	-1,625	-116
Pretax Income	56,356	98,593	83,436	174,111	153,727
Income Tax Expense	22,200	22,021	22,085	45,676	37,596
Earnings From Continuing Operations	34,156	76,572	61,351	128,435	116,131
Minority Interest in Earnings	-165	-243	-209	-257	-194
Net Income	33,991	76,329	61,142	128,178	115,937
Net Income to Common	33,991	76,329	61,142	128,178	115,937
Net Income Growth	-55.47%	24.84%	-52.30%	10.56%	82.66%
Shares Outstanding (Basic)	88	89	90	91	93
Shares Outstanding (Diluted)	88	89	90	91	93
Shares Change (YoY)	-2.10%	-1.00%	-0.74%	-1.66%	-0.15%
EPS (Basic)	388.17	853.35	676.76	1408.22	1252.61
EPS (Diluted)	388.17	853.35	676.76	1408.22	1252.61
EPS Growth	-54.51%	26.09%	-51.94%	12.42%	82.94%
Free Cash Flow	28,261	50,208	89,784	90,437	96,283
Free Cash Flow Per Share	322.74	561.32	993.79	993.58	1040.27
Dividend Per Share	339.000	309.000	285.000	260.000	235.000
Dividend Growth	9.71%	8.42%	9.62%	10.64%	51.61%
Gross Margin	35.74%	38.20%	38.48%	42.24%	42.34%
Operating Margin	11.08%	14.43%	17.64%	26.90%	27.13%
Profit Margin	7.29%	16.93%	12.89%	20.38%	21.21%
Free Cash Flow Margin	6.06%	11.13%	18.93%	14.38%	17.62%
EBITDA	78,886	90,123	107,591	190,151	167,038
EBITDA Margin	16.92%	19.98%	22.68%	30.23%	30.56%
D&A For EBITDA	27,208	25,037	23,937	20,992	18,749
EBIT	51,678	65,086	83,654	169,159	148,289
EBIT Margin	11.08%	14.43%	17.64%	26.90%	27.13%
Effective Tax Rate	39.39%	22.34%	26.47%	26.23%	24.46%
Advertising Expenses	-	12,658	13,927	12,921	9,918

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.