Shimano expects boost in bicycle components sales
OSAKA, Japan – Shimano’s 2020 financial report reflects the positive statements on the performance of the international e-bike and bicycle industry. However, in bicycle components Shimano’s 2020 net sales came in at JPY 297,777 million (€ 2,324 million); up 2.7% on the previous year. The company’s operating income upped 18.4% to JPY 68,494 million (€ 535 million). The more remarkable is Shimano’s outlook.