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Shimadzu
(7701)
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Rating:70Outperform
Price Target:
¥4,638.00
▲(10.77% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by strong financial performance (solid growth and improving margins supported by a very conservative balance sheet). This is offset by weak technical conditions (price below key moving averages and negative MACD). Valuation is reasonable and supported by a moderate dividend yield, but not compelling enough to outweigh the current bearish trend.
Positive Factors
Balance Sheet Health
An exceptionally low debt-to-equity (~0.02) and a conservatively levered balance sheet give Shimadzu durable financial flexibility. Low leverage reduces interest risk, supports steady dividends/capex, enables opportunistic investment or M&A, and improves resilience through industry cycles.
Negative Factors
Cash Flow Volatility
Operating and free cash flow have rebounded but historically show sharp year-to-year swings, including a 2024 dip. This volatility signals working-capital sensitivity and timing risk, which can constrain predictable capital allocation, dividend policy, and investment planning over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Health
An exceptionally low debt-to-equity (~0.02) and a conservatively levered balance sheet give Shimadzu durable financial flexibility. Low leverage reduces interest risk, supports steady dividends/capex, enables opportunistic investment or M&A, and improves resilience through industry cycles.
Read all positive factors
Shimadzu (7701) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.24T
Dividend Yield1.46%
Average Volume (3M)736.29K
Price to Earnings (P/E)20.2
Beta (1Y)0.70
Revenue Growth4.02%
EPS Growth13.81%
CountryJP
Employees14,649
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)209.40
Shares Outstanding296,070,250
10 Day Avg. Volume746,230
30 Day Avg. Volume736,290
Financial Highlights & Ratios
PEG Ratio1.25
Price to Book (P/B)1.89
Price to Sales (P/S)1.90
P/FCF Ratio26.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,942.86Price Target Upside18.05% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)199.53
Revenue Forecast (FY)¥594.04B
Shimadzu Business Overview & Revenue Model
Company Description
Shimadzu Corporation, founded in Kyoto, Japan, in 1875, is a global entity specializing in the development, production, and distribution of a diverse range of advanced instruments and systems. The company's extensive offerings span analytical and ...
How the Company Makes Money
Shimadzu makes money primarily by selling hardware instruments and systems and by providing ongoing services and consumables tied to those installed products. Major revenue streams include: (1) Analytical & Measuring Instruments: sales of laborato...
Shimadzu Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 560.73B | 539.05B | 511.89B | 482.24B | 428.18B |
| Gross Profit | 250.09B | 234.44B | 220.84B | 200.96B | 178.62B |
| EBITDA | 102.13B | 92.69B | 96.37B | 89.02B | 82.56B |
| Net Income | 60.50B | 53.77B | 57.04B | 52.05B | 47.29B |
Balance Sheet | |||||
| Total Assets | 737.98B | 672.18B | 673.96B | 618.87B | 560.53B |
| Cash, Cash Equivalents and Short-Term Investments | 167.32B | 143.41B | 165.28B | 159.27B | 157.97B |
| Total Debt | 10.48B | 11.75B | 11.91B | 11.27B | 11.59B |
| Total Liabilities | 172.81B | 174.10B | 181.62B | 195.37B | 179.36B |
| Stockholders Equity | 565.16B | 498.06B | 492.33B | 423.50B | 381.16B |
Cash Flow | |||||
| Free Cash Flow | 39.74B | 36.90B | 14.63B | 31.46B | 53.24B |
| Operating Cash Flow | 54.68B | 52.00B | 30.13B | 48.30B | 63.37B |
| Investing Cash Flow | -15.91B | -23.17B | -16.00B | -34.51B | -6.04B |
| Financing Cash Flow | -25.50B | -48.41B | -21.10B | -19.42B | -15.66B |
Shimadzu Technical Analysis
Positive
4187.00
Price Trends
3858.62
Positive
3859.83
Positive
3996.62
Positive
Market Momentum
85.28
Negative
66.39
Neutral
81.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7701, the sentiment is Positive. The current price of 4187 is above the 20-day moving average (MA) of 4006.95, above the 50-day MA of 3858.62, and above the 200-day MA of 3996.62, indicating a bullish trend. The MACD of 85.28 indicates Negative momentum. The RSI at 66.39 is Neutral, neither overbought nor oversold. The STOCH value of 81.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7701.
Shimadzu Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥18.28T | 40.75 | 12.80% | 0.78% | 10.40% | 11.67% | |
79 Outperform | ¥1.14T | 31.03 | 11.99% | 0.65% | 8.38% | 8.43% | |
76 Outperform | ¥402.72B | 19.39 | ― | 2.04% | -8.82% | 18.33% | |
72 Outperform | ¥753.14B | 53.50 | 4.03% | 2.25% | 5.36% | -24.06% | |
70 Outperform | ¥1.24T | 20.18 | 11.14% | 1.46% | 4.02% | 13.81% | |
64 Neutral | ¥536.75B | 43.85 | 7.44% | 1.76% | 3.97% | 29.55% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Shimadzu Corporate Events
Shimadzu Extends Share-Based Incentive Plan for Executives Through 2029
May 12, 2026
Shimadzu Corporation has resolved to continue its share-based compensation plan for internal directors and executive officers, excluding outside and non-resident directors, extending a program first introduced in fiscal 2017 and reaffirmed by shar...
Shimadzu Raises Year-End Dividend, Signals Confidence in Earnings
May 12, 2026
Shimadzu’s board has approved a year-end dividend of 42 yen per share for the year ended March 31, 2026, up from 40 yen a year earlier, lifting the total payout to 12,138 million yen subject to shareholder approval at the June 25 meeting. Th...
Shimadzu lifts profits and dividend on solid 2026 results, signals softer earnings ahead
May 12, 2026
Shimadzu reported consolidated net sales of ¥560.7 billion for the fiscal year ended March 31, 2026, up 4% year on year, with operating profit rising 2.8% to ¥73.7 billion and profit attributable to owners of parent increasing 12.5% to &...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.