Posts Tagged ‘Shimano’
Shimano’s Malaysia Factory Closed Due to Covid Wave
The Shimano component factory in Malaysia has not yet restarted its production following a forced closure. The factory had to shut down completely last week after the Malaysian government issued a total lockdown from June 1 to June 14 considering the situation of COVID-19 in the country. Further delays in the supply chain are now…
Shimano Sales and Profits Soar
Given the extent of the bike boom and consequent component shortages, it would surprise few in the bicycle industry to learn that Shimano’s sales and profits are up. But the recently released official figures show staggering increases for a company in a mature industry that’s celebrating it’s 100th anniversary this year. Shimano sales in its…
Letter from America: The Major Players Are Getting Bigger – Fast!
Shimano Launches Global Anti-counterfeiting Program
Shimano is launching a program to curb the sale of counterfeit products, which includes promises to work with criminal investigations and file civil suits against manufacturers and distributors of counterfeit Shimano gear. The company also said it is creating packaging technology that is difficult to counterfeit and adding QR code labels to packaging. A smartphone…
Shimano Takes Over from Mavic as Neutral Support for Tour de France
Shimano will be taking over the neutral support role at the Tour de France and other marquee races this year, replacing long-time partner Mavic that began race support with its distinctive yellow vehicles in the 1970s. Shimano’s deal with ASO, owner of the Tour de France includes all of ASO’s season of men’s and women’s…
Former Shimano President Yoshizo Shimano Dies
Yoshizo Shimano, third son of company founder Shozaburo Shimano has died at the age of 85. After earning his economics degree from Keio University in Tokyo, he briefly worked at an automobile sales company before joining Shimano Industrial Co., Ltd., now Shimano Inc. He established the company’s first overseas operation, Shimano American Corporation in New…
P&A Wholesalers Share Their Experiences and Predictions Regarding Covid-19 Disruption
We’re now rolling into the fifth month since Covid-19 began turning the bicycle industry, and the world more generally, on its head. Last month we asked leading complete bicycle wholesalers for their stories and predictions. This month it’s the specialist P&A wholesalers’ turn. Of course in reality, with a few exceptions, wholesalers don’t exclusively sell…
Shimano, Trek Respond to Covid-19 Impact Upon Demand
Shimano’s shares have surged since mid-March, touching a record now investors see that more and more people will turn to bicycles as a way to avoid congested public transportation. The Japanese component supplier confirms that sales are picking up across the globe. “People are realising how effective a bicycle can be,” said Shimano’s CEO Yozo…
Major Bike Companies’ Share Prices are Hitting Highs
With the Covid-19 induced global bike boom showing no sign of abating, share prices of listed bicycle business including Giant, Accell Group, Thule Group, Fox Factory, MIPS and Dorel Industries (owner of Cannondale, Mongoose, Schwinn, GT etc) have been on the rise. Shimano quickly zoomed past the price it was trading at before the pandemic…
Shimano Cycling Sales Down 15% for Jan to March
For the quarter ended 31st March 2020, Shimano’s net sales from the bicycle components segment decreased 15.4%, compared like-for-like with the same period last year, to 58,868 million yen, (A$841 million) while operating income decreased 26.1% to 10,298 million yen (A$147 million). In Europe, Shimano noted strong retail sales of completed bicycles, particularly e-Bike’s, but…