Shimano’s net sales rose by 11 percent to ¥50.23 billion (€420.9m-$535.7m)for the first quarter ended March 31, with all geographic regions reporting increases. The gross profit margin rose by 1.5 percentage points to 36.0 percent, but net income fell by 8 percent to ¥5.07 billion (€42.5-$54.1m)
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