All Shimano articles – Page 2
-
News briefsTaizo Shimano appointed new president of Shimano
Source: Shimano Taizo Shimano Shimano, the global leader in bicycle components and a major factor in the fishing tackle market, announced some management changes at its 114th general meeting of shareholders and the board of directors on March 30. Yozo Shimano, currently serving as the fifth president ...
-
ArticleShimano launches centennial website, announces executive changes
Shimano is celebrating its 100th anniversary this year with a new centennial website and photobook, which look back at the company’s product and technology achievements. Founded in 1921 by Shozaburo Shimano as a small ironworks in Sakai, Osaka, the company has now grown to employ more than 11,000 people. The ...
-
Article
A good year for Shimano
Despite restrictions across the world in response to Covid-19, interest in bicycles and fishing boosted demand for Shimano’s products. The Japanese company’s sales in 2020 were up by 4.1 percent from 2019 to 378,040 million yen (€2.98bn-$3.61bn), while net income increased by 22.5 percent to ¥63,472 million (€501.2m-$606.5m). The gross ...
-
News briefs
Pierangelo Zanetta, former Shimano executive and EFFTA president, has passed away
Pierangelo Zanetta, the former managing director of Shimano Europe Fishing Holdings, has died after a long illness. Zanetta was an important figure in the global fishing tackle industry. In 2007, while working at Shimano, he joined the board of the European Fishing Tackle Trade Association (EFTTA). He was elected president ...
-
News briefs
Shimano will replace Mavic for neutral support at Tour de France after 43 years
Shimano has signed a new agreement with the Amaury Sport Organisation (A.S.O.) that will see Shimano provide neutral support at all the men’s and women’s road cycling events organized by A.S.O., starting with the first stage of the Paris-Nice race on March 7. The partnership will also cover the iconic ...
-
ArticleShimano’s earnings rise by 10%
Shimano’s sales for the first nine months of the year were down by 2.0 percent from the year-ago period to 264,174 million yen (€2.16bn-$2.53bn), hampered by lockdowns around the world in response to Covid-19. However, sales started to improve during the second quarter due to the soaring popularity of cycling ...
-
News briefs
Shimano adjusts the distribution in Belgium and the Nordics
Shimano Belgium and Lazer Sport will relocate to a new office in Mechelen, Belgium as of July 1, 2021. Shimano Belgium is a subsidiary of Shimano Benelux while Lazer designs bicycle helmets in Belgium and markets these products globally. While sharing the new facilities, Shimano Belgium and Lazer Sport will ...
-
News briefs
Carl Sterner sets up Shimano’s new fishing organization for the Nordics
Shimano has appointed Carl Sterner to build and lead a new sales organization for its fishing tackle products in Denmark, Sweden, Finland, and Norway. It will be based in Uppsala, Sweden. Sterner was previously responsible for the hunting and wilderness segment in Sweden at XXL, the big Nordic sporting goods ...
-
ArticleMarket Analysis: The sports equipment market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global sports equipment brands including breakdown by region.
-
News briefs
Shimano’s chairman emeritus has died
Yoshizo Shimano, chairman emeritus and former president of his family’s eponymous company, died of chronic heart failure on July 2. He was 85. He was the third son of Shimano’s founder, Shozaburo Shimano, and joined what was then called Shimano Industrial in 1958. Yoshizo Shimano will doubtless be remembered for ...
-
News briefs
Shimano to handle its own distribution in Spain, Portugal
Shimano will be overhauling its business in Spain and Portugal on Jan.1 by establishing a subsidiary in the city of Alcobendas, in the autonomous community of Madrid. Shimano Iberia will in turn be establishing a business network of its own for the distribution, commercialization and sale of cycling components and ...
-
News briefs
The corona crisis boosts Shimano’s stock market value
The stock market capitalization of Shimano hit a record high at 1,897 billion yen (€15.8bn-$17.6bn) on May 19 before decreasing slightly to ¥1,836 billion at the end the month. The share value rose by about 27 percent between May 1 and 31. According to financial analysts, the rise in demand ...
-
Article
While sales tumble, Shimano’s profits soar
Shimano said its sales for the first quarter were down by 12.3 percent from the year-ago period to ¥76,920 million (€662.5m-$721.1m), hampered by lockdowns around the world in response to Covid-19. However, the company’s net earnings jumped by 95.6 percent to ¥19,663 million (€169.4m-$184.3m), mainly due to strong foreign exchange ...
- Previous Page
- Page1
- Page2
- Next Page
