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Shimano’s Sales Climb 14 Percent In First Quarter

April 26, 2022

Shimano, Inc. reported sales grew 13.9 percent in the first quarter. Sales grew 13.9 percent in the Bicycle Components segment and 14.1 percent in the Fishing Tackle segment. Operating income in the quarter rose 16.8 percent in the quarter ended March 31 to ¥38,033 million ($298 mm). Sales improved 13.9 percent to ¥144.0 billion ($1.1 bn). SGBMedia