Shimano lowers its guidance

2019-08-01T00:00:00

Shimano has lowered its full year outlook slightly after lower-than-expected sales and earnings for the six months to July 29. The company's net income declined by 10.6 percent from the year-ago period to 24,800 million yen (€204.7m-$228.4m) on 4.1 percent sales of ¥181,900 million (€1.5bn-$1.7bn).

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