The Japanese bike and fishing equipment maker said that persistently high market inventories are resulting in lower orders from customers, leading it to cut full-year revenue guidance to ¥460,000 million ($3,475 mm) from its earlier expectation for ¥500,000 million in sales. Revenues in 2022 hit a record ¥628,909 million. The bottom line is now expected to come in at ¥69,500 million for the year, down from ¥86,500 prior guidance and well below last year’s ¥128,178 million profit. Most of the downside will come in the second half, and H1 sales guidance ... Log in to view full article.