Net income attributable to shareholders jumped 45% in the second quarter to ¥39,818 million ($307.0 mm) from ¥27,411 million on 15% higher revenues of ¥159,639 million ($1,230.8 mm) up from ¥138,268 million with bike component sales growing but fishing down. Pearl Izumi U.S.A. was excluded from the reported results due to its May sale to United Sports Brands. Gross margin contracted 10 basis points to 42.0%, while SG&A increased roughly in line will revenues. After the stellar quarter, Shimano raised its full-year net income guidance, and now expects profits to hit ... Log in to view full article.