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Article Date: February 2013
Word Count: 149

Shimano Net Up 38% in FY12; Eyes 4% Growth in FY13 to $2.7BB

Net income at the Japanese bicycle component and fishing tackle company rose 38% to ¥27,487 million ($292.5 mm) for the 12 months ended Dec. 31. Annual revenues increased 11% to ¥245,843 million ($2.62 bb). By category, annual bicycle component sales were 12% higher at ¥198,190 million ($2.1 bb) and fishing tackle sales netted an 8% annual increase to ¥47,234 million ($502.7 mm). Regionally in FY12, North American sales grew 13% to ¥29,454 million ($313.5 mm); ... Log in to view full article.


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