Japan – Shimano Inc has released financial results for Q3 announcing that during the first nine-months of 2016 net sales from all its business segments fell by 15.75% to JPY 241 billion (US$ 2.32 billion) from JPY 286 billion (US$ 2.75 billion) during the same period in 2015. Net income for all segments dropped by 43.22% to JPY 36 billion (US$ 353 million) from JPY 64 billion (US$ 622 million) in the first nine-months of 2015.
Japan – Shimano have released their 2016 end of year financial statement announcing a large drop both in sales revenue and profits last year. Net sales for the year decreased 14.7% from the previous year to 322,998 million yen, while operating income (operating profit) decreased 24.1% to 64,546 million yen.
