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Article Date: February 2017
Word Count: 315

Shimano Profits Jump in Final Quarter


Comprehensive net income rose 139% to ¥36,099 million ($330.0 million) from ¥15,135 million in the fourth quarter reflecting a ¥20 billion gain from foreign currency translation adjustments. Sales declined 11% to ¥81,321 million ($743.3 million) from ¥91,805 million and net income without comprehensive items was up 23% to ¥14,139 million from ¥11,475 million. Gross margin was flat at 40.3%.

 

Full-year sales slid 15% to ¥322,998 million ($2,952.4 million) from ¥378,645 million and comprehensive net income dropped 33% to ¥36,099 million ($317.9 million) including a negative ¥16 billion in foreign currency translation effects for the year. The home Japan market saw sales ... Log in to view full article.

 


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