Shimano reports 16.8% fall in bike-related sales for Q1 of 2023

May 3, 2023

Shimano has released its financial results from Q1 of 2023, showing a 16.8% fall in sales in its bike division.

The company also reported it was down 31.8% in operating income in the same sector.

In its bike segment, net sales were 98,298 million yen – around £580 million – for the first quarter of 2023. BikeBiz