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Shimano bike division rides ‘wave of COVID’ to 76% sales growth in Q1

April 29, 2021

Shimano sales in its bike division were up 76.3% in the first quarter, compared to the same period last year; operating income in the division was up 170%. Net sales for the quarter were 103,757 million yen ($952 million) in the bike division, and operating income was 27,730 million yen. Bicycle Retailer