Shimadzu Corp (SHMXY) Key Metrics
SHMXY key metrics, FY2022–FY2026
Fiscal year ended March 31, 2026 · Japanese yenSHMXY returns How much profit the business earns on the capital it uses.
SHMXY financial health Debt, liquidity and how easily interest is covered.
SHMXY efficiency & capital use Working capital cycle and where the cash goes.
SHMXY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SHMXY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SHMXY cash returned to shareholders
SHMXY key metrics in Japanese yen
FY2022–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Returns & profitability | |||||
| Return on equity (ROE) | 11.4% | 10.9% | 12.5% | 12.9% | 12.4% |
| Return on invested capital (ROIC) | 15.5% | 16.6% | 19.4% | 22.1% | 22.6% |
| Return on assets (ROA) | 8.6% | 8.0% | 8.8% | 8.8% | 8.4% |
| Return on tangible assets | 8.5% | 8.3% | 8.7% | 8.6% | 8.6% |
| Free cash flow margin | 7.1% | 6.8% | 2.9% | 6.5% | 12.4% |
| Income quality (OCF / net income) | 0.90 | 0.97 | 0.53 | 0.93 | 1.34 |
| Financial health | |||||
| Total debt | ¥0 | ¥4.0M | ¥66.0M | ¥132.0M | ¥205.0M |
| Cash & short-term investments | ¥167.32B | ¥143.41B | ¥165.28B | ¥158.85B | ¥157.97B |
| Net debt | −¥167.32B | −¥143.41B | −¥165.22B | −¥158.72B | −¥157.76B |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | −1.64 | −1.56 | −1.72 | −1.79 | — |
| Current ratio | 3.31 | 3.00 | 2.95 | 2.50 | 2.48 |
| Quick ratio | 2.30 | 2.06 | 2.05 | 1.76 | 1.81 |
| Interest coverage | 255.0 | 258.0 | 247.5 | 242.8 | 339.4 |
| Working capital | ¥347.48B | ¥303.17B | ¥308.43B | ¥259.12B | ¥235.62B |
| Invested capital | ¥397.84B | ¥354.65B | ¥327.11B | ¥264.78B | ¥223.40B |
| Tangible asset value | ¥541.28B | ¥474.32B | ¥474.32B | ¥406.54B | ¥370.01B |
| Net current asset value | ¥324.91B | ¥280.34B | ¥285.31B | ¥236.14B | ¥215.00B |
| Capital allocation | |||||
| Dividends paid | ¥19.35B | ¥18.25B | ¥16.49B | ¥14.74B | ¥11.49B |
| Dividend payout ratio | 32.0% | 33.9% | 28.9% | 28.3% | 24.3% |
| Dividends + buybacks / free cash flow | 48.7% | 49.5% | 112.8% | 46.9% | 21.6% |
| Capex / revenue | 2.7% | 2.8% | 3.0% | 3.5% | 2.4% |
| Capex / operating cash flow | 27.3% | 29.0% | 51.5% | 34.9% | 16.0% |
| Capex / depreciation | 0.73 | 0.76 | 0.84 | 0.96 | 0.63 |
| Efficiency | |||||
| Days sales outstanding | 99.4 | 99.5 | 98.4 | 95.8 | 103.9 |
| Days of inventory on hand | 173.6 | 170.8 | 169.2 | 152.3 | 156.0 |
| Days payables outstanding | 52.4 | 59.9 | 74.7 | 86.5 | 97.3 |
| Cash conversion cycle (days) | 220.6 | 210.4 | 192.9 | 161.7 | 162.6 |
| Receivables turnover | 3.67 | 3.67 | 3.71 | 3.81 | 3.51 |
| Payables turnover | 6.97 | 6.09 | 4.89 | 4.22 | 3.75 |
| Inventory turnover | 2.10 | 2.14 | 2.16 | 2.40 | 2.34 |
| Asset turnover | 0.80 | 0.80 | 0.79 | 0.82 | 0.76 |
| Average receivables | ¥152.73B | ¥146.97B | ¥138.03B | ¥126.59B | ¥121.93B |
| Average payables | ¥44.58B | ¥50.02B | ¥59.56B | ¥66.63B | ¥66.54B |
| Average inventory | ¥147.73B | ¥142.56B | ¥134.93B | ¥117.37B | ¥106.65B |
| Intangibles / total assets | 3.2% | 3.5% | 2.7% | 2.7% | 2.0% |
Computed from SHMXY's annual financial statements (latest annual report filed —) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Japanese yen; data from EODHD. Averages use the opening and closing balance of each year.
SHMXY valuation and financial ratios
Shimadzu earned a return on equity of 11.4% and a return on invested capital of 15.5% in fiscal 2026. It ended the year with ¥0 of debt and ¥167.3 billion in cash and short-term investments, a net cash position of ¥167.3 billion. It returned ¥19.4 billion to shareholders: ¥19.4 billion in dividends and ¥0 in share buybacks, 49% of free cash flow.
See the SHMXY income statement, the SHMXY chart for price history, or the SHMXY stock overview for the latest quote and news.
SHMXY key metrics FAQ
What is Shimadzu's return on equity?
Shimadzu's return on equity (ROE) was 11.4% in fiscal 2026: net income of ¥60.5 billion on average shareholders' equity of ¥531.6 billion.
What is Shimadzu's ROIC?
Shimadzu's return on invested capital was 15.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Shimadzu have?
Shimadzu had total debt of ¥0 at the end of fiscal 2026, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Shimadzu's current ratio?
Shimadzu's current ratio was 3.31 at the end of fiscal 2026: current assets were 3.31 times current liabilities.