- Shimano raises its FY operating income forecast to 66.00 billion yen, up from a previous forecast of 56.80 billion yen.
- The company now expects net income to be 77.00 billion yen, higher than its previous prediction of 66.30 billion yen.
- Shimano forecasts net sales to reach 450.00 billion yen, surpassing an earlier estimate of 420.00 billion yen.
- The dividend is forecasted to be 309.00 yen, compared to a prior figure of 285.00 yen.
- First half results show a significant drop in segment incomes: Bicycle Components down 42% year-on-year at 24.33 billion yen and Fishing Tackle down 44% year-on-year at 6.65 billion yen.
- Sales in the first half: Bicycle Components at 162.59 billion yen and Fishing Tackle at 54.07 billion yen.
- Second quarter results report net sales of 116.33 billion yen, a 15% decrease year-on-year, but above the estimate of 101.31 billion yen.
- Second quarter operating income was 17.53 billion yen, a 32% decrease year-on-year, but surpassed the estimate of 13.74 billion yen.
- Second quarter net income came in at 20.02 billion yen, down 34% year-on-year, but exceeded the estimate of 13.5 billion yen.
- Analyst consensus includes 2 buys, 4 holds, and 3 sells.
Shimano Inc on Smartkarma
Analyst coverage of Shimano Inc on Smartkarma is showing a mixed sentiment. Mark Chadwick‘s recent report titled “Shimano (7309) | Stuck in a Low Gear” highlights the company’s challenges following a slowdown in bike and fishing tackle sales post Covid. Despite an upward revision to full-year operating profit and a small share buyback, the company’s performance may not meet street estimates. The stock has already factored in a positive outlook, leading to valuations that are higher than historical levels.
A look at Shimano Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Shimano Inc has received Smart Score ratings in different categories. With a high Resilience score of 5 and Momentum score of 5, the company is showing strength and stability in the long run. This indicates that Shimano is well-positioned to withstand challenges and continue to perform well in the market. Moreover, with a Growth score of 3, there are promising signs for expansion and development within the company, showing potential for future progress. However, the Value and Dividend scores are rated at 2, suggesting that investors may need to carefully evaluate the company’s valuation and dividend payout policy.
SHIMANO INC. engages in the manufacturing and sale of a variety of products catering to activities like bicycling, snowboarding, fishing, and golf. Their product range includes gears, brake parts for bicycles, as well as rods, reels, and tackles for fishing enthusiasts. The company primarily exports its products to key markets in Asia, Europe, and the United States. With its strong Resilience and Momentum scores, Shimano Inc is likely to maintain its market position and continue to grow steadily in the long term, despite current challenges. Investors should closely monitor the company’s growth strategies and market performance for potential opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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