Shimano Reports Q1 2025 Financial Results

Shimano ( (SHMDF) ) has released its Q1 earnings. Here is a breakdown of the information Shimano presented to its investors.

Shimano Inc., a leading manufacturer in the bicycle components and fishing tackle industry, has reported its financial results for the first quarter of fiscal year 2025. The company is renowned for its innovative products and holds a significant position in the global market.

In the first quarter of 2025, Shimano experienced a notable increase in net sales by 12.9% year-over-year, reaching 113,539 million yen. Despite this growth, the company faced challenges with a significant decrease in ordinary income and net income attributable to owners, which fell by 46.6% and 58.7%, respectively.

The bicycle components segment saw a 15.6% increase in net sales, driven by strong product reception, although market inventories remained high. In contrast, the fishing tackle segment experienced a modest 4.5% increase in sales, with operating income declining by 44.7% due to weak sales in certain regions and adverse weather conditions.

Looking ahead, Shimano’s management remains cautious, revising its forecast for the fiscal year 2025. The company anticipates a slight increase in net sales and operating income, but expects a decline in ordinary and net income due to non-operating expenses and currency fluctuations.