Shimano's YTD Earnings Impacted by High Bike Inventory Levels
Shimano reported mid-single digit sales growth over the past nine months, with similar gains in both Bicycle Components and Fishing segments.
Earnings declined due to margin pressures, with the Bicycle Components segment impacted by high inventory levels in North America and China.
- Net sales increased 4.8% to ¥351,020 million ($2.31 bn) in the nine months.
- Operating income decreased 27.8% to ¥36,565 million.
- Ordinary income fell 48.1% to ¥30,248 million, partly due to foreign exchange valuation loss.
- Net income attributable to owners of parent decreased 61.0% to ¥16,105 million.
- Gross margins eroded to 35.6% from 39.0% a year ago.
During the first nine months of fiscal year 2025, the global economy remained firm.
Author's summary: Shimano's earnings declined due to high bike inventory levels.
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