Shimano Inc.

Among notable morning movers, Microwave Chemical announced it has developed microwave technology and equipment usable in open spaces and filed a patent application, sending the stock sharply higher on a rebound. Fruta Fruta partnered with Sumitani to launch full-scale cross-border e-commerce in China and opened a Tmall store. Qualips received approval for the insurance reimbursement price of its iPS cell-derived cardiomyocyte sheet and revised its operating loss forecast for the fiscal year ending March 2027 upward from 1.43 billion yen to 1.03 billion yen. Keyence reported first-quarter operating profit of 187.1 billion yen, up 44.7 percent year-on-year, beating consensus by about 30 billion yen, and the stock surged. Capcom posted first-quarter operating profit of 41.1 billion yen, a 66.9 percent increase from a year earlier, exceeding market expectations by roughly 12 billion yen, and extended sharp gains. Shimano saw a rapid recovery with April-to-June operating profit of 16.8 billion yen, up 40.6 percent year-on-year, and raised its full-year ordinary profit forecast from 53.3 billion yen to 56 billion yen. Komeri reported first-quarter operating profit of 10.9 billion yen, an 8.8 percent rise year-on-year, showing steady progress, and also announced a share buyback. Prestige International posted first-quarter operating profit of 2.27 billion yen, up 17.4 percent year-on-year, maintaining solid momentum, and its share buyback and commemorative shareholder benefits were also well received.

Shimano on the 28th revised upward its consolidated net profit forecast for the fiscal year ending December 2026, from the previous 42 billion yen to 43 billion yen. The revenue forecast was also raised from 467 billion yen to 491 billion yen, reflecting progress in market inventory adjustments and foreign exchange impacts. Meanwhile, the operating profit forecast was left unchanged at 47 billion yen, with the company estimating that increased cost of sales due to the Middle East situation will amount to approximately 4 billion yen for the full year, with a negative impact on gross profit of about 2 billion yen. Cumulative net profit for the second quarter was 27.95 billion yen, a sevenfold increase year-on-year, with operating profit from fishing tackle growing 59.8 percent, while bicycle components declined 15.1 percent due to the impact of North American tariffs.