Shimano Inc. Reports Mixed Earnings for FY2025
Shimano Inc. reported mixed earnings for the first nine months of FY2025, with net sales increasing by 4.8% to 351,020 million yen. However, operating income fell by 27.8% and ordinary income by 48.1%, largely due to foreign exchange losses. The bicycle components segment saw a 4.9% sales increase, while the fishing tackle segment rose by 4.6%. Despite challenges, Shimano forecasts a modest 2% increase in net sales for the full fiscal year, but expects continued difficulties in operating income due to market uncertainties.
Shimano Inc. is a leading Japanese company specializing in the production of bicycle components and fishing tackle, operating primarily in the sporting goods industry with a strong global presence.
In its latest earnings report for the first nine months of FY2025, Shimano Inc. reported a 4.8% increase in net sales compared to the previous year, reaching 351,020 million yen. However, the company faced significant declines in operating and ordinary income, which fell by 27.8% and 48.1% respectively, primarily due to foreign exchange losses.
The bicycle components segment saw a 4.9% increase in sales, driven by strong interest in products like the XTR and DEORE series, despite high market inventories in some regions. The fishing tackle segment also experienced a 4.6% rise in sales, bolstered by strong demand in North America and Europe, although operating income decreased by 31.2% due to market conditions.
Looking forward, Shimano’s management maintains its forecast for the full fiscal year 2025, anticipating a modest 2% increase in net sales, while projecting continued challenges in operating income due to ongoing market uncertainties and foreign exchange impacts.
