Shimano Announce 2.6% Growth in Bicycle Component Sales

Shimano has released its Q3 2017 financial results which show that global net sales of the company's bicycle division products grew slightly by 1.8% to 196 billion yen (approx. US$1.7 billion) in the first nine-months of 2017

Shimano sales for Q1 2018 increased 6.7% while operating income increased 10.9% to 16,928 million yen.

Shimano has announced that its bicycle segment net sales declined by 2.7% in the first half of this year, while operating income decreased by 11.5%.

Shimano Sees Slight Sales Rise and Income Drop