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Shimano Shifting Down (Slightly)

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OSAKA, Japan (July 13) – The raving reports on Shimano’s net profits that we were getting used to, are tuned down slightly. In ’03 the company recorded a 59% plus, followed by a 52% in ’04. After we already had a revised prognosis earlier this year, due to the stagnating demand from China, Shimano has […]

OSAKA, Japan (July 13) – The raving reports on Shimano’s net profits that we were getting used to, are tuned down slightly. In ’03 the company recorded a 59% plus, followed by a 52% in ’04. After we already had a revised prognosis earlier this year, due to the stagnating demand from China, Shimano has now again corrected its forecast downward. Not that his means anything serious: turnover from January ’05 to March ’05 was an impressive 42.506 billion Yen / € 318.6 million, which is an ever so slight minus compared to the year before of just 0.1%. Net profit also lost a bit; some 1.3% to 4.829 billion Yen / € 36.2 million. For ’05, Shimano is now counting on 170 billion Yen / € 1.27 billion in net turnover, and a net profit of 20.6 billion Yen / € 154.42 million. Compared to the same period last year, this will mean a plus of 0.5% and 6.1 % respectively. (JB)

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