Shimano reports mixed first-half results
Shimano reported an 11.6% rise in first-half sales from its bicycle components division, but a downturn in profits. From January to June, Shimano's component sales were 18.1 billion yen (US$1.2 billion), spurred by a 43% growth in Europe. However, the division's overall operating income simultaneously slipped 2.9% year-on-year to US$158 million.
And while the European sales grew, the company said demand in the US remained softer due to cautious consumer spending and ongoing trade uncertainty. In China, Shimano's sales dropped 32.8%, which the company said was due to the lacklustre economic recovery and high inventory levels in the region.
In light of the first-half results, combined with rising non-operating expenses – including significant foreign exchange losses – Shimano lowered its profit expectations for 2025 by 15.7%.
