Shimano Sales Drop 9% in 1999

NUNSPEET, Netherlands (17 January 2000) — Last week Shimano announced that it failed to meet the 2% sales increase forecast for the 1999 fiscal year. In fact, Group sales and profit dropped 9% to EUR1.184 billion and EUR116 million, respectively. Likewise, Shimano Japan saw total sales drop by 10% to EUR1.140 billion. Last year the