Shimano first quarter results

Net sales up 15.9 per cent. Net income up 14.7 per cent.
Author:
Publish date:
4_Picture 1.jpg

Shimano has announced first quarter results, which show a slight slowdown year on year, however are still increasing, percentage wise, in double figures.

Compare to last year's recorded Net income increase of 29.4 per cent, the 2008 first quarter results show the company has slowed slightly, but has still recorded a 14.7 per cent increase year-on-year.

Operating income saw a 28.8 per cent increase, only a 0.1 up from the same period last year, while Net income per share saw an appreciation of 7.65 yen.

Forecasts for the financial year show that Shimano expect a continued gradual slowdown, but to still record a Net sales increase of 6.2 per cent on the financial year previously. They add that operating income is expected to stay in double-digit growth, predicting an 11.7 per cent increase.

Featured Jobs

Iride

Customer Services Support

i-ride.co.uk I Burgess Hill, Sussex I Competitive Salary Plus Commission I Date Published Tuesday 20th November 2018

BE2016_googlelogo

Senior Sales Executive

BikeExchange I UK Nationwide I Salary TBC Depending on level of experience I Date published Tuesday 11th December 2018