Shimano sales up 14% last year

By Stephen Frothingham

But the company is forecasting a decline for 2016.

OSAKA, Japan (BRAIN) — Shimano’s net sales were up nearly 14 percent in 2015, to 378 billion yen ($3.3 billion). Operating income also increased, by nearly 30 percent, to 85.1 billion yen.

The company said consumers in Europe and the U.S. had more disposible income in 2015 in part due to lower gas prices. European sales volume was lower than the prior year, but a higher cost …read more

Via:: Bicycle Retailer and Industry News