JP-listed companies
SHIMANO INC.

SHIMANO INC.JP:7309

Market cap

¥2.35T

P/E ratio

38.3x

Income statement Balance sheet Cash flow

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Cash and deposits	-	94,950	128,796	157,841	190,210	199,772	241,268	242,903	270,070	305,613	364,519	430,429	493,933
Notes and accounts receivable - trade	-	27,845	30,899	37,272	36,918	34,302	35,574	38,989	36,192	38,168	52,186	55,201	31,602
Notes receivable - trade	-	-	-	-	-	-	-	-	-	-	-	741	485
Merchandise and finished goods	-	25,613	28,293	40,150	33,635	31,740	33,820	36,069	39,904	41,134	55,528	79,966	74,293
Accounts receivable - trade	-	-	-	-	-	-	-	-	-	-	-	54,459	31,116
Work in process	-	17,209	17,145	22,375	20,065	17,218	19,131	23,002	23,874	27,435	39,498	42,733	31,771
Raw materials and supplies	-	5,091	4,718	5,647	5,916	4,658	4,650	4,968	5,156	5,934	8,232	8,209	6,424
Work in process	-	17,209	17,145	22,375	20,065	17,218	19,131	23,002	23,874	27,435	39,498	42,733	31,771
Other	-	3,090	3,464	5,069	6,230	7,151	5,640	7,670	6,336	5,604	8,876	12,523	15,071
Allowance for doubtful accounts	-	-236	-296	-184	-247	-244	-370	-259	-345	-420	-298	-310	-342
Current assets	-	175,798	215,740	271,386	296,287	297,538	342,795	356,404	381,189	423,468	528,544	628,754	652,753
Other	-	3,090	3,464	5,069	6,230	7,151	5,640	7,670	6,336	5,604	8,876	12,523	15,071
Allowance for doubtful accounts	-	-236	-296	-184	-247	-244	-370	-259	-345	-420	-298	-310	-342
Current assets	-	175,798	215,740	271,386	296,287	297,538	342,795	356,404	381,189	423,468	528,544	628,754	652,753
Buildings and structures	-	48,757	56,985	70,863	72,653	89,571	91,774	91,095	91,482	108,637	112,017	124,159	126,870
Accumulated depreciation	-	-24,102	-26,828	-29,016	-28,426	-29,543	-31,437	-33,283	-36,162	-39,489	-44,160	-46,153	-49,492
Accumulated impairment	-	-155	-168	-154	-145	-107	-108	-107	-107	-107	-108	-766	-615
Buildings and structures, net	-	24,499	29,988	41,692	44,081	59,920	60,229	57,703	55,211	69,040	67,748	77,239	76,763
Machinery, equipment and vehicles	-	52,061	60,006	67,312	68,881	70,864	77,049	75,811	79,598	81,695	89,730	102,424	114,954
Accumulated depreciation	-	-37,394	-43,000	-48,188	-45,932	-47,064	-52,380	-54,147	-57,879	-60,788	-68,337	-76,673	-81,803
Accumulated impairment	-	-173	-161	-130	-124	-108	-103	-103	-103	-97	-94	-150	-146
Machinery, equipment and vehicles, net	-	14,493	16,844	18,994	22,824	23,691	24,564	21,560	21,615	20,808	21,298	25,600	33,005
Land	-	11,256	11,814	13,137	13,409	13,342	13,890	13,622	13,575	13,508	13,765	13,936	14,317
Leased assets	-	489	85	112	124	112	122	146	3,881	5,384	6,932	7,826	8,815
Accumulated depreciation	-	-57	-55	-60	-67	-67	-59	-77	-636	-1,247	-1,953	-2,615	-3,376
Accumulated impairment	-	-	-	-	-	-	-	-	-4	-4	-4	-5	-5
Leased assets, net	-	431	30	51	57	44	62	69	3,239	4,133	4,973	5,205	5,433
Construction in progress	-	5,800	11,283	14,172	15,735	9,280	4,823	15,088	25,457	19,692	26,151	18,749	22,994
Land	-	11,256	11,814	13,137	13,409	13,342	13,890	13,622	13,575	13,508	13,765	13,936	14,317
Other	-	40,226	43,948	48,467	48,591	49,360	52,969	54,073	55,640	56,722	57,734	62,160	65,357
Accumulated depreciation	-	-35,612	-39,095	-42,067	-42,775	-42,882	-46,719	-48,113	-50,019	-51,767	-52,261	-55,606	-59,853
Accumulated impairment	-	-19	-16	-13	-11	-10	-10	-9	-8	-8	-6	-40	-35
Other, net	-	4,594	4,836	6,386	5,804	6,467	6,240	5,950	5,612	4,946	5,466	6,513	5,468
Leased assets, net	-	431	30	51	57	44	62	69	3,239	4,133	4,973	5,205	5,433
Property, plant and equipment	-	61,076	74,798	94,434	101,913	112,747	109,810	113,995	124,712	132,129	139,405	147,244	157,982
Construction in progress	-	5,800	11,283	14,172	15,735	9,280	4,823	15,088	25,457	19,692	26,151	18,749	22,994
Property, plant and equipment	-	61,076	74,798	94,434	101,913	112,747	109,810	113,995	124,712	132,129	139,405	147,244	157,982
Goodwill	-	3,727	3,997	2,963	2,501	5,814	5,388	4,413	3,886	3,591	3,274	3,065	1,898
Software	-	1,916	2,834	2,849	4,865	4,937	6,668	6,404	5,562	5,543	6,190	10,059	13,225
Software	-	1,916	2,834	2,849	4,865	4,937	6,668	6,404	5,562	5,543	6,190	10,059	13,225
Software in progress	-	333	458	2,218	1,188	1,993	986	1,127	1,549	3,600	3,935	4,970	5,054
Software in progress	-	333	458	2,218	1,188	1,993	986	1,127	1,549	3,600	3,935	4,970	5,054
Other	-	3,112	5,146	4,984	4,357	3,226	2,981	2,706	2,611	2,512	2,727	1,745	1,810
Other	-	3,112	5,146	4,984	4,357	3,226	2,981	2,706	2,611	2,512	2,727	1,745	1,810
Intangible assets	-	9,090	12,437	13,016	12,913	15,971	16,025	14,650	13,610	15,248	16,128	19,841	21,989
Intangible assets	-	9,090	12,437	13,016	12,913	15,971	16,025	14,650	13,610	15,248	16,128	19,841	21,989
Investment securities	-	8,569	12,361	13,485	14,058	13,747	15,029	12,185	12,328	12,901	14,061	19,694	23,781
Deferred tax assets	-	-	-	-	-	-	-	-	5,337	5,545	6,053	6,728	9,693
Retirement benefit asset	-	-	-	-	-	-	-	-	-	-	-	2,645	2,804
Other	-	2,602	3,071	3,833	3,472	3,119	3,009	4,294	2,147	1,648	1,641	1,941	3,174
Allowance for doubtful accounts	-	-488	-465	-492	-468	-475	-504	-541	-555	-520	-463	-436	-447
Deferred tax assets	-	-	-	-	-	-	-	-	5,337	5,545	6,053	6,728	9,693
Investments and other assets	-	11,742	16,247	18,129	17,966	17,696	20,138	21,855	19,257	19,574	21,292	30,573	39,006
Other	-	2,602	3,071	3,833	3,472	3,119	3,009	4,294	2,147	1,648	1,641	1,941	3,174
Allowance for doubtful accounts	-	-488	-465	-492	-468	-475	-504	-541	-555	-520	-463	-436	-447
Investments and other assets	-	11,742	16,247	18,129	17,966	17,696	20,138	21,855	19,257	19,574	21,292	30,573	39,006
Non-current assets	-	81,908	103,482	125,580	132,793	146,415	145,974	150,501	157,580	166,952	176,826	197,659	218,977
Assets	-	257,707	319,223	396,967	429,080	443,954	488,770	504,283	538,769	590,420	705,370	826,413	871,731
Accounts payable - trade	-	10,161	11,935	16,545	11,392	12,051	13,036	13,995	13,529	18,727	24,352	20,595	11,025
Short-term borrowings	-	5,915	6,130	9,796	7,954	7,477	7,571	602	3,167	9	3,133	2,151	-
Income taxes payable	-	6,582	5,593	10,995	12,252	5,856	8,696	7,097	7,046	10,644	23,170	21,899	5,737
Lease liabilities	-	21	11	15	17	16	18	15	375	737	827	928	1,022
Income taxes payable	-	6,582	5,593	10,995	12,252	5,856	8,696	7,097	7,046	10,644	23,170	21,899	5,737
Provision for bonuses	-	1,268	1,524	1,986	1,873	1,781	1,976	2,098	2,183	2,556	3,467	3,682	3,041
Provision for bonuses	-	1,268	1,524	1,986	1,873	1,781	1,976	2,098	2,183	2,556	3,467	3,682	3,041
Provision for bonuses for directors (and other officers)	-	193	184	207	216	191	181	186	161	162	172	198	141
Provision for bonuses for directors (and other officers)	-	193	184	207	216	191	181	186	161	162	172	198	141
Provision for product warranties	-	-	-	-	-	-	-	-	-	-	-	1,393	16,017
Provision for product warranties	-	-	-	-	-	-	-	-	-	-	-	1,393	16,017
Other	-	11,218	14,037	17,603	16,795	16,367	17,571	17,319	17,033	21,108	26,402	29,153	24,847
Other	-	11,218	14,037	17,603	16,795	16,367	17,571	17,319	17,033	21,108	26,402	29,153	24,847
Current liabilities	-	35,665	40,559	57,745	50,899	44,063	49,327	43,163	43,599	53,946	81,528	78,608	61,834
Current liabilities	-	35,665	40,559	57,745	50,899	44,063	49,327	43,163	43,599	53,946	81,528	78,608	61,834
Other	-	816	806	723	702	1,873	3,220	3,247	746	722	621	678	696
Lease liabilities	-	366	20	37	41	27	40	46	959	1,597	2,298	2,298	2,370
Non-current liabilities	-	5,677	7,749	8,027	6,883	8,509	8,976	7,661	5,933	6,688	7,191	6,709	7,500
Deferred tax liabilities	-	-	-	-	-	-	-	-	1,005	1,483	2,164	2,522	3,179
Retirement benefit liability	-	-	-	3,287	2,737	4,031	4,060	3,327	3,220	2,872	2,104	1,210	1,253
Other	-	816	806	723	702	1,873	3,220	3,247	746	722	621	678	696
Non-current liabilities	-	5,677	7,749	8,027	6,883	8,509	8,976	7,661	5,933	6,688	7,191	6,709	7,500
Liabilities	-	41,342	48,308	65,772	57,782	52,572	58,304	50,825	49,533	60,635	88,719	85,318	69,334
Share capital	-	35,613	35,613	35,613	35,613	35,613	35,613	35,613	35,613	35,613	35,613	35,613	35,613
Capital surplus	-	5,822	5,822	5,823	5,823	5,667	5,642	5,642	5,642	5,642	5,640	5,640	5,640
Capital surplus	-	5,822	5,822	5,823	5,823	5,667	5,642	5,642	5,642	5,642	5,640	5,640	5,640
Retained earnings	-	176,808	204,388	246,726	311,244	347,840	371,914	411,476	448,941	498,046	566,263	638,141	647,172
Retained earnings	-	176,808	204,388	246,726	311,244	347,840	371,914	411,476	448,941	498,046	566,263	638,141	647,172
Treasury shares	-	-47	-58	-71	-90	-96	-102	-121	-135	-154	-13,284	-12,909	-1,264
Shareholders' equity	-	218,197	245,765	288,092	352,591	389,023	413,066	452,610	490,061	539,146	594,232	666,485	687,162
Valuation difference on available-for-sale securities	-	913	3,080	3,307	3,772	3,666	4,374	2,560	2,687	2,458	3,620	3,537	4,902
Valuation and translation adjustments	-	-2,548	24,229	42,171	17,793	1,602	17,246	708	-976	-9,859	21,759	73,623	114,003
Foreign currency translation adjustment	-	-3,462	21,149	38,863	14,021	-2,063	12,872	-1,852	-3,663	-12,318	18,139	70,085	109,101
Valuation and translation adjustments	-	-2,548	24,229	42,171	17,793	1,602	17,246	708	-976	-9,859	21,759	73,623	114,003
Net assets	181,774	216,364	270,914	331,195	371,298	391,381	430,465	453,457	489,236	529,785	616,651	741,095	802,396
Non-controlling interests	-	-	-	-	913	754	152	139	151	498	659	986	1,230
Net assets	181,774	216,364	270,914	331,195	371,298	391,381	430,465	453,457	489,236	529,785	616,651	741,095	802,396
Liabilities and net assets	-	257,707	319,223	396,967	429,080	443,954	488,770	504,283	538,769	590,420	705,370	826,413	871,731