Shimano's Nine Month Earnings Report
Shimano reported a sales growth in the mid-single digits over the past nine months, with similar gains in both Bicycle Components and Fishing segments.
Earnings declined due to margin pressures, largely impacted by high bike inventory levels in the marketplace, particularly in North America and China.
- Net sales increased by 4.8 percent to ¥351,020 million ($2.31 bn) compared to the same period last year.
- Operating income decreased by 27.8 percent to ¥36,565 million.
- Ordinary income fell by 48.1 percent to ¥30,248 million, partly due to valuation loss on foreign exchange.
- Net income attributable to owners of parent decreased by 61.0 percent to ¥16,105 million.
- Gross margins eroded to 35.6 percent from 39.0 percent a year ago.
“During the first nine months of fiscal year 2025, the global economy remained firm.
Author's summary: Shimano's earnings declined due to high bike inventory levels.