In 2022, Shimano's Annual Sales Reached A New High, But The Growth Rate Slowed Down

According to foreign media reports: In 2022, the sales of the Shimano bicycle product department reached a record high, reaching 517.4 billion yen (US $ 3.885 billion), an increase of 16.6%over the previous year. However, the growth of growth has slowed in 2021. At that time, the sales of the bicycle department increased by 44%over 2020.
Shimano said that during the new crown epidemic, the strong interest in bicycles show signs of cooling, but the demand for bicycles is still higher than the level before the epidemic. Judging from the inventory of the vehicle market, high -end car inventory is still low. At the same time, after getting into the door -level bicycle, the level of inventory of intermediate bicycles has increased.
Shimano said that in 2022, its bicycle department increased operating income by 15.9%over the previous year to 144.994 billion yen. The company's sales increased by 15.1%to 628.9 billion yen. In the fourth quarter, the company's sales were 161 billion yen, which was higher than 151 billion yen in the same period last year.