Shimano reported a 12% drop in bicycle component sales, attributing this decline to global economic pressures, yet maintains optimism due to signs of recovery.
Despite the negative sales report, Shimano's analysis highlighted a moderate recovery trend in the economy, particularly in Europe, while the US faces slower growth.
Looking at long-term trends, Shimano's bike industry sales have been steadily increasing since 2013 when adjusted for pandemic fluctuations, showing resilience in the market.
Though the predicted profit margin for FY24 is set to be the lowest in a decade, Shimano's operating income aligns with historical growth patterns.
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