Bad News For Shimano, Which Is Wary Looking Forward

2009-11-05T00:00:00

In the first nine months of 2009, Shimano’s net sales fell by 21.2 percent to ¥134.4 billion (€1.00bn-$1.48bn). The operating income suffered more, dropping by 51.2 percent to ¥13.7 billion (€102.4m-$151.2m), as did net income, down by 57.8 percent to ¥7.9 billion (€59.1m-$87.2m).

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