Shimano reels back its forecast

2011-11-08T00:00:00

Shimano trimmed its sales and profit forecast for the full year as it suffered from the weakness of the American and European economies in the last quarter, as well as the appreciation of the yen. The Japanese company still managed to lift its sales by 3.7 percent to ¥161,602 (€1,503m-$2,069m) ...

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