Shimano’s 100th birthday marks a record high in sales and revenues

Last year marked the centenary of Shimano’s founding, and the company recorded record sales and operating income, thanks largely to its boom in the bicycle industry.Company-wide, Shimano’s sales rose 44.6 percent last year from 2020, while operating income rose 79.3 percent, a record high.Among them, Shimano bicycle unit’s net sales rose 49.0% to 443.7 billion yen ($3.8 billion), while operating income rose 82.7% to 125.2 billion yen.Bike-related sales in 2021 were up 41 percent from 2015, the previous record year.Sales at Shimano’s fishing tackle unit rose 28.1% to 102.4 billion yen.Fishing accounts for 19 per cent of Shimano’s business.Non-cycling and fishing businesses totalled y447m, or about 0.1 per cent of Shimano’s total business.Company-wide sales were 546.515 billion yen, up 44.6 percent from the previous year.The company’s operating revenue was 148.287 million yen, up 79.3% from 2021.Earnings per share were 1,252.62 yen, up from 684.71 yen in 2020.Shimano expects sales to grow 6.1 percent by fiscal 2022, with company-wide sales reaching 580 billion yen and operating income of 161 billion yen.Edit: HCY Image: Resource gallery