Shimano sees margins erode

2017-04-29T00:00:00

Shimano has reported a 50.1 percent increase in consolidated net income to 9,537 million yen (€78.8m-$85.8m) for the first quarter of this year, but the group's operating income declined by 5.1 percent to ¥15.3 billion (€126.5m-$137.7m), as total net sales declined by 2.7 percent to ¥79.9 billion (€660.7m-$718.9m) during the quarter.

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