Coronavirus

Posted July 27, 2021
Company makes little mention of supply challenges in its half-year report; raises full-year sales and income forecasts.

OSAKA, Japan (BRAIN) — Shimano only briefly mentioned the global bicycle part shortages in a typically terse first-half financial results announcement, which reported that sales in its bicycle product division were up 73.4% in the first half of its fiscal year, compared to the same period in 2020.

Posted July 20, 2021

OSAKA, Japan (BRAIN) — Shimano has re-opened its factory in Malaysia, according to a report out of Europe. The company's factory there had been closed since about June 14, and had operated at 60% capacity for two weeks before that, due to the COVID-19 pandemic.

Posted July 12, 2021
Shimano's Singapore offices.

OSAKA, Japan (BRAIN) — An Asian news source is reporting that Shimano plans to invest $179 million to build a new plant in Singapore that will open next year.

Posted June 10, 2021
Kent Bicycle's factory in Malaysia is also closed.
2007 BRAIN photo by Matt Wiebe.

OSAKA, Japan (BRAIN) — Shimano's factory in Malaysia will be completely closed until at least June 14 due to an official COVID-19 mandate. Since June 1, the factory had been allowed to operate at 60% capacity.

Posted June 9, 2021
Eurobike returns to the Messe Friedrichshafen in September.

FRIEDRICHSHAFEN, Germany (BRAIN) — Eurobike has announced its safety and hygiene regulations for the Sept. 1-4 show at its Messe Friedrichshafen venue.

Posted May 21, 2021

WASHINGTON (BRAIN) — The Small Business Administration is offering a free regional webinar series to provide resources and knowledge to business owners continuing to recover from the financial hardships of the COVID-19 pandemic.

Posted May 19, 2021
Getty image

WASHINGTON (BRAIN) — Bicycle-related injuries requiring emergency-room treatment increased between 2009 and 2018, according to a Centers for Disease Control and Prevention study that also reported bicycle-related deaths went up primarily among adults.

Posted April 29, 2021

OSAKA, Japan (BRAIN) — Shimano sales in its bike division were up 76.3% in the first quarter, compared to the same period last year; operating income in the division was up 170%.

Posted April 26, 2021
Organizers cancel four other events because of demo bike shortage.

MOAB, Utah (BRAIN) — Outerbike announced Monday it will hold two events this year and canceled four others this summer because of a demo bike shortage.

Posted March 31, 2021

WASHINGTON (BRAIN) — The Paycheck Protection Program has been extended another 60 days until May 31 for small-businesses owners to apply for financial assistance in the wake of the COVID-19 pandemic.

Posted March 10, 2021

WASHINGTON (BRAIN) — The Small Business Administration granted 20% more Paycheck Protection Program loans to minority-owned businesses and 14% more to women-owned businesses during its 14-day period when nonprofits and those with fewer than 20 employees received exclusive access.

Posted March 4, 2021

STROMLO, Australia (BRAIN) — Sea Otter Australia will make its long-awaited debut in October after the inaugural event was canceled last year because of the COVID-19 pandemic.

Posted February 23, 2021

WASHINGTON (BRAIN) — The Small Business Administration will provide businesses and nonprofits with fewer than 20 employees an exclusive 14-day Paycheck Protection Program loan application period.

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