Financials Shimadzu Corporation

Equities

7701

JP3357200009

Office Equipment

Delayed Japan Exchange Other stock markets 11:44:02 17/02/2026 am IST			5-day change	1st Jan Change
4,146.00 ^JPY	-0.62%		-2.35%	-0.43%

05/02	Shimadzu Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026	CI
05/02	Shimadzu Corporation Reports Earnings Results for the Nine Months Ended December 31, 2025	CI

Projected Income Statement: Shimadzu Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	3,93,499	4,28,175	4,82,240	5,11,895	5,39,047	5,51,977	5,83,624	6,06,564
Change	-	8.81%	12.63%	6.15%	5.3%	2.4%	5.73%	3.93%
EBITDA ¹	65,278	80,011	85,743	91,304	91,615	93,674	1,03,364	1,09,555
Change	-	22.57%	7.16%	6.49%	0.34%	2.25%	10.34%	5.99%
EBIT ¹	49,742	63,806	68,219	72,753	71,720	72,557	79,814	84,995
Change	-	28.27%	6.92%	6.65%	-1.42%	1.17%	10%	6.49%
Interest Paid ¹	-180	-188	-281	-294	-278	-700	-300	-300
Earnings before Tax (EBT) ¹	49,817	65,947	70,832	76,967	71,728	73,410	81,546	86,954
Change	-	32.38%	7.41%	8.66%	-6.81%	2.34%	11.08%	6.63%
Net income ¹	36,097	47,289	52,048	57,037	53,776	54,896	60,669	64,501
Change	-	31.01%	10.06%	9.59%	-5.72%	2.08%	10.52%	6.32%
Announcement Date	11/05/21	10/05/22	10/05/23	10/05/24	12/05/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	97,288	1,17,446	94,298	1,07,769	1,03,791	1,22,317	98,639	1,23,254	1,17,579	1,42,768	1,09,200	1,30,314	1,26,109	1,46,272	1,16,938	1,34,309	1,33,049	1,54,751	1,18,370	1,37,972	1,42,380	1,55,708	1,28,529	1,47,637	1,47,643	1,68,789
Change	-	20.72%	-19.71%	14.29%	-3.69%	17.85%	-19.36%	24.95%	-4.6%	21.42%	-23.51%	19.34%	-3.23%	15.99%	-20.05%	14.85%	-0.94%	16.31%	-23.51%	16.56%	3.19%	9.36%	-17.46%	14.87%	0%	14.32%
EBITDA ¹	16,980	21,060	-	20,415	20,662	22,482	13,690	23,722	21,292	27,039	17,759	23,917	-	-	-	-	22,255	30,111	17,199	24,290	23,963	28,355	-	-	-	-
Change	-	24.03%	-	-	1.21%	8.81%	-39.11%	73.28%	-10.24%	26.99%	-34.32%	34.68%	-	-	-	-	-	35.3%	-42.88%	41.23%	-1.35%	18.33%	-	-	-	-
EBIT ¹	13,080	17,024	12,418	16,418	16,621	18,349	9,449	19,463	16,868	22,439	13,249	19,256	18,242	22,006	10,961	19,260	16,824	24,675	12,184	19,396	18,656	23,299	13,452	20,384	19,148	25,326
Change	-	30.15%	-27.06%	32.21%	1.24%	10.4%	-48.5%	105.98%	-13.33%	33.03%	-40.96%	45.34%	-5.27%	20.63%	-50.19%	75.71%	-12.65%	46.67%	-50.62%	59.19%	-3.82%	24.89%	-42.27%	51.54%	-6.07%	32.27%
Charge d'intérêts	-39	-69	-40	-45	-38	-65	-61	-72	-76	-72	-70	-	-81	-	-73	-81	-77	-	-65	-	-73	-	-	-	-	-
Earnings before Tax (EBT) ¹	12,975	17,488	12,764	15,837	17,507	19,839	12,098	21,274	15,201	22,259	15,669	20,234	17,039	24,025	13,918	14,505	20,828	22,477	11,293	20,108	21,547	24,715	13,596	20,469	18,950	25,686
Change	-	34.78%	-27.01%	24.08%	10.54%	13.32%	-39.02%	75.85%	-28.55%	46.43%	-29.61%	29.13%	-15.79%	41%	-42.07%	4.22%	43.59%	7.92%	-49.76%	78.06%	7.16%	14.7%	-44.99%	50.56%	-7.42%	35.54%
Net income ¹	9,695	12,486	8,726	11,759	13,392	13,412	8,685	15,815	11,422	16,126	11,100	15,450	12,505	17,982	9,987	11,329	14,827	17,633	7,921	15,709	15,457	16,336	10,219	15,289	14,304	18,937
Change	-	28.79%	-30.11%	34.76%	13.89%	0.15%	-35.24%	82.1%	-27.78%	41.18%	-31.17%	39.19%	-19.06%	43.8%	-44.46%	13.44%	30.88%	18.92%	-55.08%	98.32%	-1.6%	5.68%	-37.44%	49.62%	-6.44%	32.39%
Announcement Date	05/02/21	11/05/21	05/08/21	05/11/21	04/02/22	10/05/22	05/08/22	07/11/22	06/02/23	10/05/23	04/08/23	07/11/23	06/02/24	10/05/24	07/08/24	07/11/24	05/02/25	12/05/25	07/08/25	07/11/25	05/02/26	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales ¹	2,02,067	2,26,108	2,21,893	2,60,347	2,39,514	2,72,381	2,51,247	2,87,800	2,56,342	2,87,158
Change	-	11.9%	-1.86%	17.33%	-8%	13.72%	-7.76%	14.55%	-10.93%	12.02%
EBITDA	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
EBIT ¹	28,836	34,970	28,912	39,307	32,505	40,248	30,221	41,499	31,580	41,420
Change	-	21.27%	-17.32%	35.95%	-17.3%	23.82%	-24.91%	37.32%	-23.9%	31.16%
Charge d'intérêts	-85	-	-133	-	-141	-	-154	-	-146	-
Earnings before Tax (EBT)	28,601	-	33,372	-	35,903	-	28,423	-	31,401	-
Change	-	-	-	-	-	-	-	-	-	-
Net income ¹	20,485	26,804	24,500	27,548	26,550	30,487	21,316	32,460	23,630	27,870
Change	-	30.85%	-8.6%	12.44%	-3.62%	14.83%	-30.08%	52.28%	-27.2%	17.94%
Announcement Date	05/11/21	10/05/22	07/11/22	10/05/23	07/11/23	10/05/24	07/11/24	12/05/25	07/11/25	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Shimadzu Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-1,11,017	-1,56,257	-1,48,004	-1,53,371	-1,31,667	-1,47,378	-1,79,741	-2,04,388
Change	-	-40.75%	5.28%	-3.63%	14.15%	-11.93%	-21.96%	-13.71%
Announcement Date	11/05/21	10/05/22	10/05/23	10/05/24	12/05/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Shimadzu Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	13,312	10,131	22,512	22,480	22,949	26,326	27,149	27,901
Change	-	-23.9%	122.21%	-0.14%	2.09%	14.71%	3.13%	2.77%
Free Cash Flow (FCF) ¹	49,941	57,323	25,791	14,129	28,829	45,392	44,529	50,939
Change	-	14.78%	-55.01%	-45.22%	104.04%	57.45%	-1.9%	14.4%
Announcement Date	11/05/21	10/05/22	10/05/23	10/05/24	12/05/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Shimadzu Corporation

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	16.59%	18.69%	17.78%	17.84%	17%	16.97%	17.71%	18.06%
EBIT Margin (%)	12.64%	14.9%	14.15%	14.21%	13.3%	13.14%	13.68%	14.01%
EBT Margin (%)	12.66%	15.4%	14.69%	15.04%	13.31%	13.3%	13.97%	14.34%
Net margin (%)	9.17%	11.04%	10.79%	11.14%	9.98%	9.95%	10.4%	10.63%
FCF margin (%)	12.69%	13.39%	5.35%	2.76%	5.35%	8.22%	7.63%	8.4%
FCF / Net Income (%)	138.35%	121.22%	49.55%	24.77%	53.61%	82.69%	73.4%	78.97%
Profitability
ROA	10.35%	12.4%	12.02%	11.9%	10.7%	9.25%	9.69%	9.99%
ROE	11.3%	13.2%	12.9%	12.5%	10.9%	10.95%	11.36%	11.41%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.38%	2.37%	4.67%	4.39%	4.26%	4.77%	4.65%	4.6%
CAPEX / EBITDA (%)	20.39%	12.66%	26.26%	24.62%	25.05%	28.1%	26.27%	25.47%
CAPEX / FCF (%)	26.66%	17.67%	87.29%	159.11%	79.6%	58%	60.97%	54.77%
Items per share
Cash flow per share ¹	175.2	215.5	236.1	256.5	251.4	239.1	264.9	303.9
Change	-	22.96%	9.56%	8.63%	-1.96%	-4.93%	10.79%	14.75%
Dividend per Share ¹	34	48	54	60	66	65.56	72.04	78.22
Change	-	41.18%	12.5%	11.11%	10%	-0.67%	9.88%	8.58%
Book Value Per Share ¹	1,139	1,294	1,437	1,670	1,724	1,793	1,939	2,081
Change	-	13.61%	11.1%	16.23%	3.2%	3.99%	8.15%	7.34%
EPS ¹	122.5	160.5	176.6	193.5	183.6	189.1	209.3	223
Change	-	30.99%	10.06%	9.57%	-5.16%	3%	10.69%	6.54%
Nbr of stocks (in thousands)	2,94,646	2,94,653	2,94,672	2,94,723	2,90,039	2,88,940	2,88,940	2,88,940
Announcement Date	11/05/21	10/05/22	10/05/23	10/05/24	12/05/25	-	-	-