Shimano Inc.TSE: 7309

Supplemental Information FY2026-Q3

Oct 27, 2026 at 2:47 AM EDT · Issued by Shimano Inc.

Summary by 6ix AI

Shimano Inc., a maker of bicycle components and fishing tackle, on October 27, 2026 revised its fiscal 2026 consolidated forecast. It now expects sales of 495,500 million JPY and operating income of 54,300 million JPY, up from 491,000 million JPY and 47,000 million JPY in its July 28, 2026 forecast.

Key details

Forecast net income attributable to owners of parent was raised to 47,000 million JPY from 43,000 million JPY, and ordinary income (profit including non-operating items, before extraordinary items and taxes) to 62,300 million JPY from 56,000 million JPY.
The forecast for bicycle components sales was raised to 371,500 million JPY from 367,000 million JPY, with the increase all in the second half. The fishing tackle sales forecast was unchanged at 123,500 million JPY.
For fiscal 2025, Shimano reported sales of 466,243 million JPY, operating income of 51,677 million JPY and net income attributable to owners of parent of 33,991 million JPY.
First-half fiscal 2026 results were sales of 247,059 million JPY and operating income of 27,250 million JPY.
The revised full-year forecast assumes average exchange rates of 159.00 yen to the US dollar and 179.00 yen to the euro.

What’s still pending

The figures are forecasts based on information currently available and management assumptions, and Shimano says actual results may differ materially.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/shimano-supplemental-information-fy2026-q3

10/27/2026

Supplemental Information

Consolidated Profit & Loss Account Comparison （FY2026 Revised Schedule vs. FY2025 Results）
Consolidated Profit & Loss Account Comparison （FY2026 Revised Schedule vs. FY2026 Previous Schedule)
Operating Income by Segment
Sales By Shipment Destination / Manufactory Location / Currencies Capital Investment / Depreciation and Amortization
Quarterly Sales and Operating Income
Consolidated Sales, Operating Income and Net Income Attributable to Owners of Parent
ROA & ROE
Total Assets & Shareholders' Equity Treasury Stock Acquired
Dividends per Share
Bicycle Components Sales by Shipment Destination
Fishing Tackle Sales
Impact of exchange rates on Consolidated Profit & Loss

Shimano Inc.

* The forecasts of consolidated business performance and other forward-looking statements contained in this document are based on information currently available to the Company and certain assumptions that management believes reasonable and actual business performance may differ materially from those described in such statements due to various factors.

Please note that this document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

＊＊＊ CONSOLIDATED PROFIT AND LOSS ACCOUNT COMPARISON ＊＊＊ 10/27/2026

(million JPY)

	2025 Results						2026 Revised Schedule (10/27/2026)						Comparison
	1st	Half	2nd Half		Total		1st	Half	2nd Half		Total			1st half	diff.		2nd half	diff.	Annual diff.
Bicycle Components	Japan	3,719	3,969		7,687		3,363		3,637		7,000			-355	-9.6%		-332	-8.4%		-687	-8.9%
	Overseas	177,706	169,579		347,285		178,016		186,484		364,500			310	0.2%		16,905	10.0%		17,215	5.0%
	North America Europe China Taiwan Others	10,907 95,084 33,371 12,910 25,433	9,250 97,130 29,308 11,611 22,280		20,157 192,214 62,679 24,521 47,714		11,988 97,550 32,491 10,087 25,899		10,012 97,450 36,509 8,913 33,601		22,000 195,000 69,000 19,000 59,500			1,081 2,466 -880 -2,823 466	9.9% 2.6% -2.6% -21.9% 1.8%		762 320 7,201 -2,698 11,321	8.2% 0.3% 24.6% -23.2% 50.8%		1,843 2,786 6,321 -5,521 11,786	9.1% 1.4% 10.1% -22.5% 24.7%
* Total	181,424		173,548		354,972		181,379		190,121		371,500			-45	0.0%		16,573	9.5%		16,528	4.7%
Fishing Tackle	Japan Overseas	17,201 38,550	17,037 38,043		34,238 76,594		18,292 47,174		17,008 41,026		35,300 88,200			1,090 8,624	6.3% 22.4%		-29 2,982	-0.2% 7.8%		1,062 11,606	3.1% 15.2%
* Total	55,752		55,080		110,832		65,466		58,034		123,500			9,714	17.4%		2,954	5.4%		12,668	11.4%
Others	234		205		439		214		286		500			-20	-8.6%		81	39.5%		61	13.9%
Sales Total	237,410		228,833		466,243		247,059		248,441		495,500			9,649	4.1%		19,608	8.6%		29,257	6.3%
Gross profit	Profit ratio(%)	36.5	86,637	35.0	79,979	35.7 166,616	35.8	88,548	34.9	86,752	35.4 175,300		-0.7	1,911	2.2%	-0.1	6,773	8.5%	-0.3	8,684	5.2%
Selling, general and administrative exp.	58,514		56,425		114,939		61,298		59,702		121,000			2,784	4.8%		3,278	5.8%		6,061	5.3%
	11.8		10.3		11.1		11.0		10.9		11.0		-0.8			0.6			-0.1
Operating income	28,123		23,554		51,677		27,250		27,050		54,300			-873	-3.1%		3,496	14.8%		2,623	5.1%
Non operating income & exp, net	-14,084		9,437		-4,648		8,075		-75		8,000			22,159	-		-9,511	-		12,648	-
	5.9		14.4		10.1		14.3		10.9		12.6		8.4			-3.5			2.5
Ordinary income	14,039		32,991		47,030		35,325		26,975		62,300			21,286	151.6%		-6,016	-18.2%		15,270	32.5%
Extraordinary gain (loss)	-21		9,350		9,329		2,733		-733		2,000			2,754	-		-10,083	-		-7,329	-
Net income before income taxes	5.9	14,018	18.5	42,341	12.1	56,358	15.4	38,058	10.6	26,242	13.0	64,300	9.5	24,040	171.5%	-7.9	-16,098	-38.0%	0.9	7,942	14.1%
Income taxes	10,056		12,311		22,367		10,107		7,193		17,300			51	0.5%		-5,118	-41.6%		-5,067	-22.7%
Net income attributable to	1.7		13.1		7.3		11.3		7.7		9.5		9.6			-5.4			2.2
owners of parent	3,962		30,029		33,991		27,951		19,049		47,000			23,989	605.5%		-10,980	-36.6%		13,009	38.3%

* Bicycle components Sales and Fishing Tackle Sales indicate amount of sales which is divided into destinations where the products are shipped.

＊＊＊ CONSOLIDATED PROFIT AND LOSS ACCOUNT COMPARISON ＊＊＊ 10/27/2026

(million JPY)

	2026 Previous Schedule				(7/28/2026)		2026 Revised Schedule (10/27/2026)						Comparison
	1st	Half	2nd Half		Total		1st	Half	2nd Half		Total			1st half	diff.		2nd half	diff.	Annual diff.
Bicycle Components	Japan	3,363	3,637		7,000		3,363		3,637		7,000			0	0.0%		0	0.0%		0	0.0%
	Overseas	178,016	181,984		360,000		178,016		186,484		364,500			0	0.0%		4,500	2.5%		4,500	1.3%
	North America Europe China Taiwan Others	11,988 97,550 32,491 10,087 25,899	10,012 96,450 33,509 8,913 33,101		22,000 194,000 66,000 19,000 59,000		11,988 97,550 32,491 10,087 25,899		10,012 97,450 36,509 8,913 33,601		22,000 195,000 69,000 19,000 59,500			0 0 0 0 0	0.0% 0.0% 0.0% 0.0% 0.0%		0 1,000 3,000 0 500	0.0% 1.0% 9.0% 0.0% 1.5%		0 1,000 3,000 0 500	0.0% 0.5% 4.5% 0.0% 0.8%
* Total	181,379		185,621		367,000		181,379		190,121		371,500			0	0.0%		4,500	2.4%		4,500	1.2%
Fishing Tackle	Japan Overseas	18,292 47,174	17,008 41,026		35,300 88,200		18,292 47,174		17,008 41,026		35,300 88,200			0 0	0.0% 0.0%		0 0	0.0% 0.0%		0 0	0.0% 0.0%
* Total	65,466		58,034		123,500		65,466		58,034		123,500			0	0.0%		0	0.0%		0	0.0%
Others	214		286		500		214		286		500			0	0.0%		0	0.0%		0	0.0%
Sales Total	247,059		243,941		491,000		247,059		248,441		495,500			0	0.0%		4,500	1.8%		4,500	0.9%
Gross profit	Profit ratio(%)	35.8	88,548	33.0	80,452	34.4 169,000	35.8	88,548	34.9	86,752	35.4 175,300		0.0	0	0.0%	1.9	6,300	7.8%	1.0	6,300	3.7%
Selling, general and administrative exp.	61,298		60,702		122,000		61,298		59,702		121,000			0	0.0%		-1,000	-1.6%		-1,000	-0.8%
	11.0		8.1		9.6		11.0		10.9		11.0		0.0			2.8			1.4
Operating income	27,250		19,750		47,000		27,250		27,050		54,300			0	0.0%		7,300	37.0%		7,300	15.5%
Non operating income & exp, net	8,075		925		9,000		8,075		-75		8,000			0	-		-1,000	-		-1,000	-
	14.3		8.5		11.4		14.3		10.9		12.6		0.0			2.4			1.2
Ordinary income	35,325		20,675		56,000		35,325		26,975		62,300			0	0.0%		6,300	30.5%		6,300	11.3%
Extraordinary gain (loss)	2,733		-733		2,000		2,733		-733		2,000			0	-		0	-		0	-
Net income before income taxes	15.4	38,058	8.2	19,942	11.8	58,000	15.4	38,058	10.6	26,242	13.0	64,300	0.0	0	0.0%	2.4	6,300	31.6%	1.2	6,300	10.9%
Income taxes	10,107		4,893		15,000		10,107		7,193		17,300			0	0.0%		2,300	47.0%		2,300	15.3%
Net income attributable to	11.3		6.2		8.8		11.3		7.7		9.5		0.0			1.5			0.7
owners of parent	27,951		15,049		43,000		27,951		19,049		47,000			0	0.0%		4,000	26.6%		4,000	9.3%

* Bicycle components Sales and Fishing Tackle Sales indicate amount of sales which is divided into destinations where the products are shipped. OPERATING INCOME BY SEGMENT SALES BY SHIPMENT DESTINATION(#1) / MANUFACTORY LOCATION(#2) / CURRENCIES(#3)

(million JPY) (million JPY)

		25 Results		26-1H	Results	26-2H Schedule		26 Schedule
Sales		466,243	100.0%	247,059	100.0%	248,441	100.0%	495,500	100.0%
#1	Domestic market Overseas market	42,341 423,902	9.1% 90.9%	21,853 225,206	8.8% 91.2%	20,947 227,494	8.4% 91.6%	42,800 452,700	8.6% 91.4%
#2	Domestic production Overseas production	237,248 228,996	50.9% 49.1%	107,603 139,457	43.6% 56.4%	113,197 135,243	45.6% 54.4%	220,800 274,700	44.6% 55.4%
#3	Sales in Yen Sales in foreign currency	206,680 259,563	44.3% 55.7%	89,415 157,644	36.2% 63.8%	101,485 146,956	40.8% 59.2%	190,900 304,600	38.5% 61.5%
USD average rate		149.62		158.29		159.71		159.00
EUR average rate		169.19		184.55		173.45		179.00

CAPITAL INVESTMENT / DEPRECIATION AND AMORTIZATION

(million JPY)

	25 Results	26-1H Results	26-2H Schedule	26 Schedule
Capital Investment	46,323	22,389	22,611	45,000
Depreciation and amortization	26,891	13,754	15,246	29,000

QUARTERLY SALES AND OPERATING INCOME

(million JPY)

	1Q	2Q	1H	3Q	4Q	2H	Total
'26 Sales (Schedule)	117,645	129,414	247,059	128,189	120,252	248,441	495,500
Bicycle Components	87,361	94,018	181,379	96,982	93,139	190,121	371,500
Fishing Tackle	30,176	35,291	65,466	31,107	26,927	58,034	123,500
Others	108	105	214	100	186	286	500
'26 Operating Income (Schedule)	10,401	16,849	27,250	17,282	9,768	27,050	54,300
Bicycle Components	7,792	12,272	20,064	13,377	9,459	22,836	42,900
Fishing Tackle	2,596	4,583	7,180	3,900	320	4,220	11,400
Others	12	-6	6	5	-11	-6	0
'25 Sales (Results)	113,540	123,870	237,410	113,611	115,222	228,833	466,243
Bicycle Components	87,973	93,451	181,424	84,819	88,729	173,548	354,972
Fishing Tackle	25,468	30,284	55,752	28,683	26,397	55,080	110,832
Others	98	136	234	108	97	205	439
'25 Operating Income (Results)	16,142	11,981	28,123	8,443	15,112	23,554	51,677
Bicycle Components	14,504	9,127	23,631	6,531	12,680	19,211	42,842
Fishing Tackle	1,637	2,857	4,494	1,916	2,456	4,372	8,866
Others	2	-3	-2	-5	-24	-28	-30

Bike

Fishing

Others

Total

26 (S)

Sales Operating income

Profit ratio

371,500

42,900

11.5%

123,500

11,400

9.2%

500

0.0%

495,500

54,300

11.0%

Sales Operating income

Profit ratio

354,972

42,842

12.1%

110,832

8,866

8.0%

439

-30

-6.8%

466,243

51,677

11.1%

Sales Operating income

Profit ratio

345,554

54,158

15.7%

104,990

10,929

10.4%

449

-2

-0.4%

450,993

65,085

14.4%

Sales Operating income

Profit ratio

364,679

65,251

17.9%

109,226

18,413

16.9%

458

-11

-2.4%

474,363

83,654

17.6%

Sales Operating income

Profit ratio

517,437

144,994

28.0%

110,993

24,163

21.8%

480

0.3%

628,910

169,159

26.9%

Sales Operating income

Profit ratio

443,679

125,147

28.2%

102,389

23,121

22.6%

448

4.6%

546,515

148,288

27.1%

Sales Operating income

Profit ratio

297,777

68,494

23.0%

79,907

14,264

17.9%

356

-57

-16.1%

378,040

82,701

21.9%

Sales Operating income

Profit ratio

290,039

57,851

19.9%

72,838

10,220

14.0%

353

-60

-17.0%

363,231

68,010

18.7%

Sales Operating income

Profit ratio

277,243

57,251

20.6%

70,436

8,545

12.1%

356

-107

-30.1%

348,036

65,688

18.9%

Sales Operating income

Profit ratio

270,207

57,410

21.2%

65,221

7,013

10.8%

373

-72

-19.4%

335,801

64,351

19.2%

Sales Operating income

Profit ratio

259,455

57,875

22.3%

63,144

6,842

10.8%

400

-170

-42.7%

322,999

64,546

20.0%

Sales Operating income

Profit ratio

314,010

79,817

25.4%

64,245

5,372

8.4%

390

-136

-34.7%

378,646

85,054

22.5%

（x100 million Yen）

Consolidated Sales/Operating Income/Net Income Attributable to Owners of Parent

(Yen)

6,500

6,000

5,500

5,000

4,500

4,000

3,786

Operating Income Sales

Net Income Attributable to Owners of Parent Basic Earnings per Share

3,632

3,480

3,780

5,465

1,252.62

6,289

1,408.22

4,744

4,510

853.36

4,662

4,955

1,600.00

1,400.00

1,200.00

1,000.00

3,500

3,000

2,500

2,000

1,500

821.87

3,230

549.76

3,358

414.69

581.77 559.15

684.71

1,483

1,159

1,692

1,282

676.77

388.17

558.86

800.00

600.00

400.00

1,000

500

851

762

645

510

644

384

657

539

680

518

827

635

837

611

651

763

517 543

340

470

200.00

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026(S)

0.00

(％) ROA & ROE

21.7

ROA

ROE

20.2

18.9

13.4

16.7

12.2

11.0

12.5

11.7

9.4

10.9

11.2

9.1

9.9

7.9

8.2

8.3

7.2

3.9

3.6

17.9

18.4

25.0

20.0

(Unit 1,000 Shares) Treasury Stock Acquired

Common Stock Issued(RHS)

(excluding Treasury Stock)

Accumulated Acquisition(RHS)

Annual Acquisition(LHS)

6,000

5,000

(Mil. Shares)

120

100

15.0

10.0

5.0

4,000 80

3,000 60

2,000 40

1,000 20

0.0

15 16 17 18 19 20 21 22 23 24 25

0 0

15 16 17 18 19 20 21 22 23 24 25 26-3Q

(Mil. Yen) Total Assets & Shareholders' Equity

Total Assets

Shareholders' Equity

Equity Ratio

1,000,000

950,000

900,000

850,000

800,000

750,000

700,000

650,000

600,000

550,000

500,000

450,000

400,000

350,000

300,000

250,000

(%)

100.0

90.0

80.0

70.0

60.0

(Yen) Dividends per Share

200

339

363

309

235

260

285

155 155 155 155 155 155

350

300

250

200

150

100

200,000

15 16 17 18 19 20 21 22 23 24 25

50.0

15 16 17 18 19 20 21 22 23 24 25 26(S)

* In FY2020, a commemorative dividend for the 100th anniversary of Company's founding was included.

(x100 million Yen) Bicycle Components Sales (by Shipment Destination)

5,500

5,000

4,500

4,000

Japan

North America Europe

China Taiwan Others

4,437

101

275

5,174

124

313

3,647

107

3,456 3,550

3,715

3,500

3,000

3,140

2,900 2,978

2,169

2,885

201

195

202

220

251

2,595

2,702 2,772

100 103

209

224

2,500

2,000

1,500

1,355

556

209

1,150

213

1,199

209

1,315

1,426

1,411

567

580

1,866

637

1,479

1,010

1,922

1,950

690

1,000

439

449

370 345 410

498

560

627

500

487

377 367

421

450

416

826

712

421

289

245

190

595

392 324 373 353

389

435

416

404

477

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026(S)

Bicycle components Sales indicate amount of sales which is divided into destinations where the products are shipped.

(x100 million Yen) Fishing Tackle Sales

1,300

1,235

1,200

1,100

1,000

Japan Overseas

1,024

1,110 1,092

1,050

1,108

353

900

800

700

600

642 631 652

704 728

799

365

447

415

376

332

342

500

400

300

200

246

396

271

360

279

373

305

399

322

406

434

577

695

716

718

766

882

100

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026(S)

Fishing Tackle Sales indicate amount of sales which is divided into destinations where the products are shipped.

Impact of exchange rates on Consolidated Profit & Loss

(million JPY)

Period	Acct.	2024	2025	'26 1Q/２Q	'26 3Q/4Q	2026
Bicycle Components	Sales	＋11, 152	＋312	＋8, 616	＋8, 284	＋16, 900
	Gross Profit	＋2, 967	▲1, 544	＋1, 251	＋2, 149	＋3, 400
	(Translation） (Asia Curr.）	(＋2, 633) (＋335)	(＋56) (▲1, 600)	(＋3, 175) (▲1, 924)	( ＋3, 625) ( ▲1, 476)	( ＋6, 800) ( ▲3, 400)
	SG& A	▲1, 205	▲294	▲1, 941	▲1, 659	▲3, 600
	Oper. Income	＋1, 762	▲1, 837	▲690	＋490	▲200
Fishing Tackle	Sales	＋4, 370	▲712	＋3, 395	＋2, 905	＋6, 300
	Gross Profit	＋1, 421	▲1, 022	＋171	＋629	＋800
	(Translation） (Asia Curr.）	(＋1, 261) (＋159)	(▲192) (▲829)	(＋1, 220) (▲1, 049)	(＋980) (▲351)	( ＋2, 200) ( ▲1, 400)
	SG& A	▲1, 175	＋138	▲806	▲694	▲1, 500
	Oper. Income	＋246	▲883	▲635	▲65	▲700
Total	Sales	＋15, 522	▲400	＋12, 012	＋11, 188	＋23, 200
	Gross Profit	＋4, 390	▲2, 565	＋1, 423	＋2, 777	＋4, 200
	(Translation） (Asia Curr.）	(＋3, 895) (＋495)	(▲135) (▲2, 429)	(＋4, 395) (▲2, 973)	( ＋4, 605) ( ▲1, 827)	( ＋9, 000) ( ▲4, 800)
	SG& A	▲2, 382	▲156	▲2, 748	▲2, 352	▲5, 100
	Oper. Income	＋2, 008	▲2, 721	▲1, 326	＋426	▲900

USD/SGD	1.337	1.306	1.278	1.278	1.278
USD/MYR	4.568	4.275	3.979	4.217	4.098

Our foreign exchange impact consists of the following two components:

(Translation)

Foreign exchange impact arising from translating the sales and expenses of overseas subsidiaries into Japanese yen. (Asia Curr.)

Foreing exchange impact arising from translating USD-denominated and other foreing currency transactions at our Asia factories

Shimano Inc. on 6ix

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