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Shimano sales up 13 percent

Published November 1, 2012

OSAKA, Japan (BRAIN) — Growing sales in North America and Asia boosted Shimano’s sales over the first nine months of the year to $2.3 billion (182.7 billion Yen), compared to $2 billion (161.6 billion Yen) over the same period last year.

Sales of Shimano’s bicycle products are up 14 percent to $1.8 billion, bicycle products now account for 80 percent of its overall business. Sales in the company’s fishing division are up 12 percent, now 20 percent of the overall business. Sales from Shimano’s other businesses continue to fall, down 30 percent from last year.

The company reports that sales into Europe were virtually unchanged from last year, partly due to the wet spring and deteriorating economic climate in southern Europe. And while sales into China have been growing strongly, they have slowed slightly. However sales into Southeast Asia and South America are growing strongly.

Topics associated with this article: Earnings/Financial Reports

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