Shimano Inc

7309: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Shimano Earnings: Recovery Thesis Unchanged Despite Near-Term Pressure; Shares Undervalued

Kangyuxiao Li , Jonathan Pong

Apr 24, 2026

Shimano's sales grew by 4% year on year to JPY 118 billion in the first quarter of fiscal 2026 (ending December 2026). Operating margin was 8.8%, down 540 basis points compared with a year ago. Management maintained its guidance of flat sales and a 10.1% operating margin for fiscal 2026.

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Shimano Inc

Shimano Earnings: Recovery Thesis Unchanged Despite Near-Term Pressure; Shares Undervalued

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