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Article Date: October 2017
Word Count: 209

Soft Cycling Market Holds Down Shimano Results

Net income fell 24% to ¥28,104 million ($247.1 mm) compared to ¥36,825 million for the nine months ended Sep. 30 on a 2% gain in sales to ¥245,969 million ($2,163.1 mm) from ¥241,677 million. Operating income from the bicycle component business was off 5% for the period to ¥41,105 million from ¥43,236 million on a 1% increase in sales to ¥195,626 million from ¥192,939 million while the fishing tackle business saw operating income fall 2% to ¥5,476 million from ¥5,373 million. While its forecast for the top line for the FY remained steady at ¥330 billion, it lowered slightly the ... Log in to view full article.


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