Poor Sales Hurt Shimano In First Half

2009-08-11T00:00:00

Consolidated revenues were down by 22 percent to ¥90,057 million (€653.1m-$926.0m) for the half ended June 30, and the gross profit margin dropped by 2.7 percentage points to 33.1 percent. Net income plunged by 48 percent to ¥6,565 million (€47.6m-$67.5m). Shimano said the culprits were the global recession and the ...

SIGN-IN if you are already a subscriber of SGI Europe - or Register a free account

Gated access promo

Start your 30-day trial for just €9.90

Get access to what the top decision makers are reading in the sporting goods industry:

  • Analysis across Retail, Sustainability, Technology, Corporate and M&A, Financial Development, Market and Trends, Legal & Regulation, Trade & Sourcing and more
  • Essential E-mail Briefings with the latest analysis and most important industry developments
  • Find inspiration to drive your business forward with our case studies and best practices on business opportunities
  • Guest chronicles, interviews, insights from industry experts and leaders that are shaping the future of the industry

Start your 30-day Trial TODAY!

For team or company-wide subscriptions and enquiries see our corporate membership page.