Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Shimano (7309) | Shifts Gears with Upbeat Guidance

Shimano (7309) | Bike Sales Rebound as China Fuels Growth

Equity Bottom-Up

<ul>
<li>Shimano continues to reel from a slowdown in bike and fishing tackle sales post Covid</li>
<li>1Q operating profit beat the analyst consensus, but the upward revision to full year is minor and falls short of street estimates</li>
<li>The stock has priced in an improving outlook. However, valuations are now looking full compared to historical levels. </li>
</ul>


Shimano continues to reel from a slowdown in bike and fishing tackle sales post Covid
1Q operating profit beat the analyst consensus, but the upward revision to full year is minor and falls short of street estimates
The stock has priced in an improving outlook. However, valuations are now looking full compared to historical levels. 


Shimano Inc

Shimano (7309) | Stuck in a Low Gear