August 22, 2017 9:14 AM ET

Leisure Products

Company Overview of Shimano Inc.

Company Overview

Shimano Inc. develops, produces, and distributes bicycle components, fishing tackles, and rowing equipment. The company also plans and develops lifestyle gear products, such as apparel items, shoes, bags, and related items. It operates in Japan, rest of Asia, Europe, North America, South America, and Oceania. The company was founded in 1921 and is headquartered in Sakai, Japan.

3-77 Oimatsu-cho

Sakai-ku

Sakai,  590-8577

Japan

Founded in 1921

11,908 Employees

Phone:

81 7 2223 3210

Fax:

81 7 2223 3258

Key Executives for Shimano Inc.

President and Representative Director
Age: 69
Total Annual Compensation: ¥112.0M
Compensation as of Fiscal Year 2016.

Shimano Inc. Key Developments

Shimano Inc. Announces Consolidated Earnings Results for the First Half Ended June 30, 2017; Provides Earnings Guidance for the Financial Year Ending December 31, 2017

Shimano Inc. announced consolidated earnings results for the first half ended June 30, 2017. For the period the company announced net sales of JPY 163,079 million compared to JPY 166,428 million a year ago. Operating income was JPY 30,832 million compared to JPY 34,163 million a year ago. Ordinary income was JPY 26,937 million compared to JPY 31,630 million a year ago. Net income attributable to owners of the parent of JPY 18,728 million compared to JPY 22,922 million a year ago. Basic earnings results for the period was JPY 202.03 compared to JPY 247.27 a year ago. Income before income taxes was JPY 26,508 million compared to JPY 31,608 million a year ago. Net cash provided by operating activities was JPY 35,787 million compared to JPY 30,628 million a year ago. Acquisition of property, plant and equipment was JPY 8,374 million compared to JPY 14,886 million a year ago. Acquisition of intangible assets was JPY 1,466 million compared to JPY 1,434 million a year ago. For the financial year ending December 31, 2017, the company expects net sales of JPY 330,000 million, operating income of JPY 63,000 million, ordinary income of JPY 58,900 million, net income attributable to owners of the parent of JPY 42,100 million and basic earnings per share to be JPY 454.14.

Shimano Inc. to Report Q2, 2017 Results on Jul 25, 2017

Shimano Inc. announced that they will report Q2, 2017 results on Jul 25, 2017

Shimano Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Revises Consolidated Earnings Guidance for the First Half and Fiscal Year Ending December 31, 2017

Shimano Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales of JPY 79,921 million, operating income of JPY 15,261 million and net income attributable to owners of parent of JPY 9,537 million or net income per basic share of JPY 102.88 compared with net sales of JPY 82,169 million, operating income of JPY 16,080 million and net income attributable to owners of parent of JPY 6,355 million or net income per basic share of JPY 68.56 a year ago. Ordinary income was JPY 13,289 million against JPY 10,472 million a year ago. Income before income taxes and minority interests was JPY 13,264 million against JPY 10,464 million a year ago. The company revises earnings guidance for the first half and fiscal year ending December 31, 2017. For the first half, the company expects net sales of JPY 162,600 million, operating income of JPY 30,400 million, ordinary income of JPY 28,400 million and net income attributable to owners of parent of JPY 19,400 million or net income per basic share of JPY 209.27 compared to net sales of JPY 162,600 million, operating income of JPY 30,400 million, ordinary income of JPY 30,400 million and net income attributable to owners of parent of JPY 21,500 million or net income per basic share of JPY 231.92 previous guidance. For the year, the company expects net sales of JPY 330,000 million, operating income of JPY 66,000 million, ordinary income of JPY 64,000 million and net income attributable to owners of parent of JPY 44,000 million or net income per share of JPY 474.63 compared to net sales of JPY 330,000 million, operating income of JPY 66,000 million, ordinary income of JPY 66,000 million and net income attributable to owners of parent of JPY 46,500 million or net income per share of JPY 501.60 previous guidance.

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