Net income attributable to shareholders soared 84% in the fourth quarter to ¥29,913 million ($263.1 mm) from ¥16,241 million prior, on 33% higher revenues of ¥151,328 million ($1,330.9 mm) up from ¥113,866 million. Both bicycle component and fishing equipment sales posted strong growth to finish the year, up 34% to ¥124,671 million, and up 30% to ¥26,538 million, respectively, but Shimano noted that the feverish demand it was seeing early in the year began to slow in the second half. Gross margin inched up 20 basis points to 42.2%. SG&A was up 16% in yen, but leveraged 210 b.p. on ... Log in to view full article.