OSAKA, Japan (BRAIN)—Shimano’s sales were down, but the company still managed to increase its net profit by 3 percent over its first quarter ending March 31, 2009.
MILAN, Italy (BRAIN)—Oakley sales were up 7 percent in the first quarter of 2009, even as its parent company, Luxottica, faced a challenging period.
PHILADELPHIA, PA—The good news for bicycle suppliers is that bikes sold better than cars last year. The bad news is that when gas crossed the $4 a gallon threshold in June, bike sales tanked.
Net income for 2008 was $277 million, or 25.15 billion yen, an increase of 26.4 percent over 2007.