All Shimano articles
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ArticleShimano value sales down double-digit in Q1
Even during the bicycle boom in the Covid years, the world’s leading bicycle component manufacturer Shimano Inc. repeatedly stepped on the brakes in its outlook for the time after the pandemic. At least the sales figures for the first quarter of 2024 show that the Japanese company was not so ...
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ArticleShimano forecasts further sales erosion after difficult FY23
Citing soaring raw material prices, possible further disruptions to global supply chains, and persistent economic worries around the world, the Japanese Shimano group is forecasting a 36.6 percent drop in year-over-year operating income in FY24 to ¥53,000 million (€329.4m) on an 11.5 percent decline in consolidated sales to ¥420,000 million ...
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News briefsShimano stolen data have been leaked online
Shimano suffered a ransomware attack earlier in November. Hackers from the LockBit group threatened at the time to publish 4.5 TB of confidential data unless the Japanese firm paid a ransom, as first reported by Escape Collective. Now, a vast trove of stolen Shimano data has been leaked online, according ...
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ArticleShimano cites weak demand as nine-month results slip
Numerous global factors, including a “lackluster economy” in Europe and a ”sluggish” recovery in China, Shimano reported a 19.8 percent decline in total sales to ¥375.27 billion (€2.36bn) for the first quarters of fiscal 2023. Operating profit fell by 43.0 percent to ¥72.09 billion (€453.0m) from ¥126.58 billion for the ...
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ArticleCoalition for Cyclist Safety aims to improve safety of bike and eBike riders in North America
19 companies from the automotive, bicycle and technology sectors have joined forces to drive the development and implementation of connected mobility solutions. With their help, they want to help reduce the risks for bicycle and eBike riders on North American roads. Founding members of the Coalition for Cyclist Safety are: ...
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ArticleQ3 Bicycle Industry Stock Chart: Bike manufacturers had to cut back
Even though the long-term prospects of the bicycle sector are looking promising, it is currently operating in difficult terrain. This is also reflected by The Outdoor Industry Compass’ Q3 analysis of the bicycle industry stock market.
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ArticleBicycle slump leads to decline in sales and profits at Shimano
The current high (bicycle) inventory levels and decreasing demand are also being felt by market leader Shimano Inc. However, despite a double-digit drop in sales in its largest business unit, bicycle components, in the first half of 2023, the Japanese company remains calm. It’s counting on bicycles as a global ...
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ArticleQ2 Bicycle Industry Stock Chart: Long-term outlook forecasts full recovery
In the current economic environment, the stock market – regardless of the sector – continues to be on a rollercoaster ride. This also applies to the bicycle stocks monitored by The Outdoor Industry Compass.
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News briefsNew board members at U.K.’s Angling Trades Association
Five new members are joining the board of the Angling Trades Association (ATA), the voice of the British tackle industry: Daryl Hodges, head of marketing at Dynamite Baits; Ian Latham, managing director of Shimano U.K.; Martin Green, commercial sales manager at Daiwa U.K.; Ifor Jones, head of the Stillwater Fishing ...
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ArticleShimano’s bike sales drop 17% in Q1, revises annual forecast
When Shimano Inc. presented its 2022 annual report in February with record sales and profits, the company simultaneously warned of a challenging 2023, forecasting a 20-percent drop in sales. Looking at the first quarterly figures just presented, it can be said that the Japanese company was not so wrong with ...
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ArticleShimano with new sales and profit record for its bicycle division
Many companies – irrespective of the industry – lost ground, especially in the second half of 2022. Inflation triggered by the Ukraine war has led to a buying restraint on the part of consumers worldwide. Everyone is feeling the pinch. But there are a few exceptions: For Shimano, for example, ...
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News briefsMCG to distribute Selle San Marco in Germany and Austria
The German specialist Merida & Centurion Germany (MCG) has become the exclusive distributor for bike-saddle specialist Selle San Marco in Germany and Austria. Selle San Marco was founded in 1935 and manufactures its saddles for gravel, road, urban and MTB in Italy. The Italian brand has been owned by Selle ...
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News briefsShimano presents 2022 study on e-bike attitudes in Europe
Are you interested in a detailed country report on the attitudes toward e-bikes in several European countries? If so, you should keep an eye on Shimano’s “State of the Nation 2020” report. More than 15,500 people in 12 European countries were surveyed for this fourth annual report from the world’s ...
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ArticleShimano defies slowing demand with results above pre-Covid level
Triggered by the Russian invasion of Ukraine, global shortages in raw material and energy supply, as well as rising raw material prices, will have a direct impact on the business of Shimano Inc. Nevertheless, demand for bicycles and fishing tackle remained stable in the first three sales quarters of fiscal ...
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ArticlePaul Lange management expands with third-generation family member
Source: Paul Lange & Co. Paul-César Lange Stuttgart-based bicycle wholesaler and importer Paul Lange & Co OHG has filled the newly created position of chief strategy officer (CSO) with Paul-César Lange, who will be responsible for strategic direction in his new role with immediate effect. He will ...
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ArticleShimano sees strong demand for bikes in first half, fishing segment cooling down
Shimano reported a 22.4 percent increase in net income to 68,558 million Japanese yen (€491.6m) for the six months ended June 30. Operating income was 15.7 percent higher for the period at ¥80,909 million (580.2m) versus ¥69,922 million in the year-ago period. Pearl Izumi U.S. was excluded from the reported ...
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News briefsShimano divests Pearl Izumi to United Sports Brands
Califonia-based United Sports Brands (USB), owner of Spalding, Nathan, Shock Doctor and KT Tape, among others, has acquired the bike apparel brand Pearl Izumi from Shimano, the Japanese manufacturer of cycling components, fishing tackle and rowing equipment. USB is a portfolio company of private equity firm Bregal Partners. Besides its ...
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ArticleShimano maintains guidance as sales growth continues to slow
Shimano’s sales in the first quarter of 2022 increased by 13.9 percent compared to the year-earlier to 144,047 million yen (€1,061m), as the growth rate in revenues continued to slow but nonetheless remained strong in the face of supply chain disruptions and logistics difficulties. The company said it is on ...
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ArticleShimano Europe intends to outsource warehouse activities
Shimano Europe B.V., based in Eindhoven, Netherlands, intends to completely outsource its warehousing activities. The proposal has been submitted to the works council for consultation. The outsourcing could result in losing up to 45 jobs at the warehouse in Nunspeet (Netherlands). A social plan will be drawn up for the ...
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News briefsShimano will continue to sponsor the World Carp Classic
Shimano Europe has renewed its agreement as a global sponsor of the World Carp Classic (WCC). Established in 1998, the WCC is the longest-running and biggest carp angling event in the world. The event is operated by U.K.-based Angling Spirit. The 24th edition of the WCC will take place from ...
