Shimano Inc

7309: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Shimano Earnings: Soft 2026 Guidance, but Margin Rebound and Capital Discipline Support Our Thesis

Kangyuxiao Li

Feb 12, 2026

Shimano's 2025 sales rose 3.4% year on year, while operating margin fell to 11.1% from 14.4% in 2024, the lowest since 2010. 2026 guidance is for sales growing 0.2% to JPY 467 billion and operating margin at 10.1%. The shares fell 6% on the trading day after the report.

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Shimano Inc

Shimano Earnings: Soft 2026 Guidance, but Margin Rebound and Capital Discipline Support Our Thesis

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