Shimano’s Q1 Net Soars on Strong Bike Sales in Europe, U.S.
First quarter net income rose to ¥6,998 million ($87.1 mm) from ¥2,206 million for the three months ended Mar. 31. Revenues grew 23% to ¥62,472 million ($777.2 mm) from ¥50,900 million. Bicycle component sales, bolstered by the U.S. and Europe, rose 22% to ¥49,808 million ($619.7 mm) as segment operating ... Log in to view full article.