Shimano's Bicycle Sales and Operating Income
Shimano's sales of bicycle products through the first nine months of the year totaled 266,243 million yen ($1.749 billion), up 5% from the same period last year.
Bicycle-related operating income in the period was down 27% from the same period last year, to 30,161 million yen.
While the strong interest in bicycles continued as a long-term trend, market inventories remained high in some regions, and inventory adjustments progressed in line with market trends in each region.
Author's summary: Shimano's bike sales rise 5% amidst inventory adjustments.
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