The Japanese company attributed the top lineimprovement in H1 revenues in North America to ¥11,990 million ($131.2 mm) togood weather from March that aided its bicycle components business and a solidrecovery in fishing tackle. Nonetheless, Shimano expressed concern that the oilspill in the Gulf of Mexico could impact its N.A. fishing tackle business goingforward.
Overall, H1 net income grew 47% year-over-year to¥9,622 million ($105.3 mm) on a 16% increase in consolidated revenues to¥104,390 million ($1.14 bb) for the period ended June 30. First half bicyclecomponent sales were 20% higher at ¥81,596 million ($892.7 mm); ... Log in to view full article.