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

Shimano Sees Weakness Ahead, Forecasts 2024 Double-Digit Sales and Profit Decline
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Japan General , United States , Shimano Inc , Shimano Group , Middle East , North American , South American , World Shaula ,

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 ....

Japan General , United States , United Kingdom , Shimano Group , North America , Middle East ,