Big Drops For Shimano But Recovery Is In Sight

2010-02-19T00:00:00

The annual results were worse than the company had predicted one year ago. Total revenues fell by 20.6 percent at Shimano in the year ended Dec. 31, hitting ¥186.7 billion (€1,502m-$2,057m), and operating income plummeted by 45.7 percent to ¥20.5 billion (€164.9m-$225.9m). Net income plunged by 62.0 percent to ¥9.6 ...

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