Net income jumped 40% to ¥53,931 million ($489.5 mm) from ¥38,443 million for the year ended Dec. 31 as sales rose 4% to ¥348,035 million ($3,158.9 mm) from ¥335,800 million. In its initial forecast for 2019, Shimano predicted sales would improve 5% to ¥365 billion with net income attributable to shareholders essentially flat at ¥54 billion as a second half improvement offsets a weaker first half. It cites a possible slowdown in Europe as a result of Brexit, the slowing of the U.S. economy as the impact of the tax cut wears off and an increase in the consumption tax ... Log in to view full article.