Shimano raised its forecast for consolidated net income for the fiscal year ending December 2026 to ¥47.0 billion, up 38% from the previous fiscal year. The recovery in its core bicycle components business for China is expected to support earnings.
Shimano announced consolidated net income of ¥47.0 billion for the fiscal year ending December 2026, raising its previous forecast of ¥43.0 billion by ¥4.0 billion. Revenue is forecast at ¥495.5 billion and operating income at ¥54.3 billion, both revised upward from the previous fiscal year. Bicycle components for China are recovering against a backdrop of increased exports of completed bicycles to Europe, while the annual dividend remains unchanged at the previously planned ¥363.
The company also disclosed its consolidated results for the nine months ended September 2026 on the same day. Revenue rose 7% year on year to ¥375.2 billion, while net income increased 2.5-fold to ¥40.0 billion.
As part of measures to strengthen corporate governance, the company announced a policy to shorten directors' terms from 2 years to 1 year starting with the fiscal year ending December 2027. The company currently has 5 outside directors, representing 50% of all directors, and said the merits of increasing their number will be discussed at the annual general meeting of shareholders.