Bicycle components and fishing gear manufacturer Shimano has lowered its financial forecasts following a dip in consumers sales throughout the US and Europe.
Bloomberg news reports that Shimano’s stock fell 6.9 per cent to 3,660 yen when the company announced earlier this week that forecasts would not be met.
The 28 per cent full-year forecast cut is the third of its kind this year and now places the company’s estimate at 11 billion Yen.
Shimano also reported that net income had dived 58 per cent for the first nine months of this year (ending September 30th) when compared to the same period last year.
The Bloomberg story can be seen here.
The ZF Group has confirmed plans to unveil its new drive system for e-bikes for…
The BikeBiz jobs board helped filled more than 720 positions in 2023, and listings are…
Santini Cycling has launched a new capsule collection for cyclists in collaboration with Pirelli Design…
Shimano has introduced its new 2x12-speed GRX RX825 Di2 components, matching the Japanese brand's electronic…
As we move toward Eurobike 2024, and a growing number of exhibitors being to promote…
An extensive review of research, carried out by Mirosława Łukawska, seeks to shed new light…