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Shimano : Summary of Consolidated Financial Results for the First Quarter of FY2024 (JGAAP)

Shimano Sees Weakness Ahead, Forecasts 2024 Double-Digit Sales and Profit Decline

Shimano Sees Weakness Ahead, Forecasts 2024 Double-Digit Sales and Profit Decline
sgbonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sgbonline.com Daily Mail and Mail on Sunday newspapers.

Shimano lost £93 million in sales from its crank inspection programme and total sales down 30% on previous year

Detailing "extraordinary losses" shouldered from the recall and inspection programme of its Hollowtech II cranksets, Shimano reported that the debacle cost the company around £14.5 million, eating into its (still healthy) overall profit margin

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