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Shimano Sees Bike Component Sales Rise by 26%

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OSAKA, Japan – Shimano reports that last year the company’s order-taking was, “Brisk as Shimano products were relatively affordable because of the depreciation of the yen. Moreover, sales of new models released in 2014, including XTR, Alivio, Tourney TX, 105 road bike components, and disc brakes for road bikes, were buoyant.”

Shimano Sees Bike Component Sales Rise by 26%
Shimano’s bicycle component sales rose to over 2 billion euro in 2014. – Photo Shimano

As a result, Shimano’s bicycle component sales increased 26.1% in 2014 compared to the previous year to JPY 273,955 million (€ 2,020 mn), and operating income increased 57.0% to JPY 62,033 mn (€ 458 mn).

Overall Shimano’s 2014 net sales (including fishing tackle and others) increased 22.9% to JPY 331,168 million yen (€ 2,442 mn). The company’s operating income increased with a big 57.5% to JPY 65,816 million (€ 485 mn) while net income came in at JPY 51,237 million (€ 378 mn); up 46% compared to 2013.

Outlook

For 2015 Shimano anticipates further growth. In net sales a 6.6% increase is expected to JPY 355,000 million (€ 2,617 mn) yen. Operating income is again to rise double digitally with 11.7% while net income is to come in with a 3.4% rise at JPY 53,000 million (€ 391 mn).

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