Shimano Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	475,893	466,243	450,993	474,362	628,909	546,515
Revenue Growth	0.93%	3.38%	-4.93%	-24.57%	15.08%	44.56%
Cost of Revenue	307,366	299,627	278,690	291,847	363,264	315,097
Gross Profit	168,527	166,616	172,303	182,515	265,645	231,418
Selling, General & Admin	117,722	114,938	107,217	98,861	96,486	78,049
Research & Development	-	-	-	-	-	5,080
Operating Expenses	117,722	114,938	107,217	98,861	96,486	83,129
Operating Income	50,805	51,678	65,086	83,654	169,159	148,289
Interest Expense	-102	-109	-117	-211	-154	-116
Interest & Investment Income	15,358	17,848	23,529	21,111	6,628	2,238
Currency Exchange Gain (Loss)	3,873	-19,626	12,227	-54	3,323	3,386
Other Non Operating Income (Expenses)	-704	-1,847	-1,016	-1,133	-2,217	-733
EBT Excluding Unusual Items	69,230	47,944	99,709	103,367	176,739	153,064
Gain (Loss) on Sale of Investments	6,365	2,307	-1,036	-	-98	1,282
Gain (Loss) on Sale of Assets	-	-	-	-	-172	-503
Asset Writedown	-	-	-	-909	-733	-
Other Unusual Items	5,369	6,106	-80	-19,022	-1,625	-116
Pretax Income	80,395	56,357	98,593	83,436	174,111	153,727
Income Tax Expense	22,116	22,201	22,021	22,085	45,676	37,596
Earnings From Continuing Operations	58,279	34,156	76,572	61,351	128,435	116,131
Minority Interest in Earnings	-299	-165	-243	-209	-257	-194
Net Income	57,980	33,991	76,329	61,142	128,178	115,937
Net Income to Common	57,980	33,991	76,329	61,142	128,178	115,937
Net Income Growth	58.48%	-55.47%	24.84%	-52.30%	10.56%	82.66%
Shares Outstanding (Basic)	86	88	89	90	91	93
Shares Outstanding (Diluted)	86	88	89	90	91	93
Shares Change	-2.69%	-2.10%	-1.00%	-0.74%	-1.66%	-0.15%
EPS (Basic)	671.50	388.18	853.35	676.76	1408.22	1252.61
EPS (Diluted)	671.50	388.18	853.35	676.76	1408.22	1252.61
EPS Growth	62.86%	-54.51%	26.09%	-51.94%	12.42%	82.94%
Free Cash Flow	38,909	28,261	50,208	89,784	90,437	96,283
Free Cash Flow Per Share	450.63	322.74	561.32	993.79	993.58	1040.27
Dividend Per Share	351.000	339.000	309.000	285.000	260.000	235.000
Dividend Growth	8.33%	9.71%	8.42%	9.62%	10.64%	51.61%
Gross Margin	35.41%	35.74%	38.20%	38.48%	42.24%	42.34%
Operating Margin	10.68%	11.08%	14.43%	17.64%	26.90%	27.13%
Profit Margin	12.18%	7.29%	16.93%	12.89%	20.38%	21.21%
Free Cash Flow Margin	8.18%	6.06%	11.13%	18.93%	14.38%	17.62%
EBITDA	78,848	78,886	90,123	107,591	190,151	167,038
EBITDA Margin	16.57%	16.92%	19.98%	22.68%	30.23%	30.56%
D&A For EBITDA	28,043	27,208	25,037	23,937	20,992	18,749
EBIT	50,805	51,678	65,086	83,654	169,159	148,289
EBIT Margin	10.68%	11.08%	14.43%	17.64%	26.90%	27.13%
Effective Tax Rate	27.51%	39.39%	22.34%	26.47%	26.23%	24.46%
Advertising Expenses	-	14,405	12,658	13,927	12,921	9,918