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Article Date: October 2018
Word Count: 249

Shimano Net Gains on ForEx Gains


Net income improved 42% for the nine months ended Sep. 30 to ¥40,012 million ($355.0 mm) from ¥28,104 million as sales rose 3% to ¥253,923 million ($2,252.7 mm) from ¥245,969 million. Operating income was relatively flat at ¥47,816 million compared to ¥46,550 million, with the bicycle segment reporting operating income of ¥41,052 million ($399.7 mm) against ¥41,105 million on sales of ¥199,961 million ($1,774.0 mm) against ¥195,626 million and the fishing segment reporting operating income of ¥6,827 million ($60.6 mm) compared to ¥5,476 million on sales of ¥53,699 million ($476.4 mm) against ¥50,058 million. A ¥10.5 billion swing in exchange ... Log in to view full article.

 


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