Shimano grows because of the yen

2013-11-16T00:00:00

The devaluation of the Japanese yen helped Shimano to post a 12.2 percent increase in total sales to 66.4 billion yen (€491m-$661m) during its third quarter, which ended on Sept. 30. The bicycle segment recorded a sales increase of 10.1 percent to ¥52.1 billion (€387m-$521m), while fishing tackle went up ...

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