Shimano cycled faster, but caught smaller fish

The consolidated sales of Shimano increased by just 1.3 percent to ¥63,278 million (€496.9m-$647.6m) in the first quarter of 2013. The operating income fell by 9.4 percent to ¥9,755 million (€76.6m-$99.8m), while net earnings went up by 9.3 percent to ¥7,652 million (€60.1m-$78.3m).

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