Revenue distribution by sectors:

• Bicycle components: approx. 80%
• Fishing equipment: approx. 20%

TOP 3 markets:

• Europe: approx. 40%
• North America: approx. 25%
• Asia (excluding Japan): approx. 20%

Shimano Inc. generates the majority of its revenue from the bicycle components sector, which is attributed to the ongoing global demand for bicycles and e-bikes. The European market is the largest for Shimano, supported by a strong bicycle culture and the promotion of environmentally friendly transportation.

North America follows as the second-largest market, where the popularity of outdoor activities and bicycle tourism is growing. Asia, excluding Japan, also shows significant revenue, driven by urbanization and the expansion of bicycle infrastructures.

Production sites of Shimano Inc.:

1. Japan
2. China
3. Malaysia
4. Singapore
5. Indonesia

Shimano Inc. is a leading manufacturer of bicycle components and fishing equipment. The company has strategically distributed its production facilities in various Asian countries to optimize production costs and ensure proximity to key markets. The headquarters is located in Japan, where part of the production takes place, especially for high-end products. The factories in China and Malaysia are significant production centers for mass-produced items, while Singapore and Indonesia are also important locations for manufacturing and assembly.

Focus on E-Bikes and Electromobility: Strengthening market position in the E-Bikes sector.

Expansion of production capacities: Investments in new production facilities and technologies.

Sustainability initiatives: Implementation of more environmentally friendly production methods.

Shimano Inc. is increasingly focusing on the growing demand for E-Bikes and electromobility to secure future growth. The company plans to expand its production capacities to meet the rising demand. This includes investments in new production facilities as well as advanced manufacturing technologies.

Furthermore, Shimano places great emphasis on sustainability and has launched initiatives to implement more environmentally friendly production methods. This strategy is intended not only to reduce environmental impact but also to enhance the brand image and attract new customers.

Main raw materials: Aluminum, steel, carbon fiber, plastics

Main importing countries:

• Aluminum: Australia, Canada
• Steel: China, Japan (local production)
• Carbon fiber: USA, Japan
• Plastics: China, Germany

Shimano Inc. is a leading manufacturer of bicycle components and fishing gear. Various raw materials are required for the production of these products. Aluminum and steel are commonly used for manufacturing bicycle frames and components. Aluminum is mainly imported from Australia and Canada, while steel is sourced from both China and locally in Japan.

Carbon fiber, an important raw material for high-quality and lightweight bicycle components, is mainly imported from the USA and Japan. Plastics, used in various bicycle and fishing products, primarily come from China and Germany.

These import sources enable Shimano to produce high-quality products that are distributed worldwide.

Market share in the bicycle components market: approximately 70% (estimated, 2023)
Research & development expenses: 5.5% of revenue (2023)
Gross margin: 40.2% (2023)

Shimano Inc. holds a significant competitive advantage in the bicycle components sector. With an estimated market share of around 70%, the company dominates the global market. This market leadership is supported by continuous investments in research and development, accounting for about 5.5% of revenue.

The high gross margin of over 40% demonstrates the company's ability to sell premium products with strong pricing power. Shimano's innovation capabilities and strong brand recognition also contribute to securing and expanding its competitive edge.

Overall, Shimano is strategically positioned to benefit from the growing demand for high-quality bicycle components, especially in a market influenced by trends such as sustainability and urban mobility.

Institutional Investor Share: approx. 60% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2025)

Shimano Inc. has traditionally had a high proportion of institutional investors, indicating confidence in the company's long-term stability and growth potential. The institutional investor share typically stands around 60%, based on the most recent available data.

Regarding insider transactions, there were no significant buys or sells in the last year, indicating stable confidence from management in the current company strategy and development. Such information is important as it is often seen as an indicator of the company's future performance.

Market Share Shimano Inc.: 30% (estimated for 2025)

Main Competitors and their Market Shares:

1. SRAM Corporation: 25%
2. Campagnolo S.r.l.: 15%
3. Giant Manufacturing Co. Ltd.: 10%
4. Trek Bicycle Corporation: 8%
5. Fox Factory Holding Corp.: 5%
6. Merida Industry Co., Ltd.: 4%
7. Specialized Bicycle Components, Inc.: 3%

Shimano Inc. is a leader in the bicycle components sector and holds a significant market share. Shimano's moat is based on several factors: strong brand recognition, a comprehensive product portfolio, and high innovation power. Shimano is known for its quality and reliability, leading to high customer loyalty.

Compared to its competitors, Shimano has the advantage of long-standing market presence and a wide product range covering both the mass market and specialized segments. SRAM and Campagnolo are also strong competitors, especially in the premium segment, but they do not reach the same breadth in product offerings.

Shimano's moat is significant but not insurmountable. The competition, especially SRAM, is heavily investing in research and development to bring innovative products to the market. This could intensify competition in the long run. Nevertheless, Shimano remains a dominant player in the market due to its established position and continuous innovations.

Revenue Growth: 8% (2024) Profit Growth: 10% (2024) R&D Expenses: 5% of revenue (2024)

Shimano Inc. recorded a revenue growth of 8% in 2024, driven by strong demand for bicycle components and fishing gear. The company was also able to increase its profit by 10%, indicating efficiency improvements and an enhanced cost structure.

Shimano continuously invests in research and development, with 5% of revenue allocated to innovative technologies and product enhancements. This demonstrates the company's commitment to competing in a highly competitive market and achieving long-term growth.

The strategic focus on sustainability and exploring new markets could further increase growth potential. Given these factors, Shimano Inc. could be an attractive investment opportunity for investors looking for long-term growth and innovation.

Dividend Yield: 2.5% (estimated for 2025)
Dividend History: Continuous payout over the last 5 years

Shimano Inc. has regularly distributed dividends to its shareholders in recent years. The dividend yield for 2025 is estimated to be around 2.5%, based on the latest available financial reports and market analyses.

The company has a solid dividend history and is considered a reliable dividend payer. This reliability is supported by a strong market position and stable financial performance. Shimano benefits from robust demand in the bicycle components and fishing gear sector, further enhancing its ability to pay dividends.