Corona pandemic drives down Shimano’s sales

OSAKA, Japan - In its financial statement of the first quarter of 2020 the Shimano Group reports a good start of the year in Europe and North America supported by good weather. From mid-March, turnover declined sharply and as a result, net sales from in the bicycle category decreased 15.4% from the same period of the previous year to JPY 58,868 million (507m euro).
Shimano Group has withdrawn the business performance forecasts. – Photo Shimano