Shimano Revenues Up 13%

by editors on November 5, 2012

Images-11The Japanese sporting industry giant Shimano Inc. has reported that revenues were up 13% for the 9 months ending on September 30, 2012, according to a story on Sports One Source.

In its Bicycle Components segment, sales in the nine months increased 13.6 percent ¥146.2 billion and operating income increased 40.6 percent to ¥29.8 billion. Shimano said in Europe, a major market for Shimano products, retail sales remained at virtually the same level as for the corresponding period of the previous year, thanks to the warm weather from late July onward “despite sluggish business in the spring when the weather was unsettled.”

Must be all those bikes we’ve been buying lately. . .

[Link: Sports One Source]

Previous post:

Next post: