Shimano forecasts 21% sales drop in 2023

February 17, 2023

In its fourth quarter and full-year financial results report, the company forecast that 2023 sales in its bike components business will produce 396 billion yen ($2.95 billion), down from the 517 million yen recorded in 2022, a 23% drop. Bike component sales make up about 79% of Shimano’s business with fishing tackle providing most of the rest. For 2023 Shimano forecast a 7% drop in its fishing business. Bicycle Retailer