Shimano Inc. (SHM1.F), a Japanese maker of products for bicycling, rowing, and fishing, reported that its net income attributable to owners of parent for the first nine months of fiscal year 2025 decreased 61.0% to 16.105 billion yen from the prior year. Earnings per basic share were 183.16 yen down from 461.71 yen last year.
Operating income decreased 27.8% year-over-year to 36.565 billion yen, ordinary income decreased 48.1% to 30.248 billion yen, partly due to valuation loss on foreign exchange.
Net sales for the period increased 4.8% to 351.02 billion yen from last year.
For the fiscal year 2025, the company still expects consolidated net sales of 460 billion yen, representing a 2.0% increase compared to the previous year. Net income attributable to owners of the parent is projected to decline significantly by 60.0% to 30.5 billion yen. Basic earnings per share are expected to be 350.88 yen. Operating income is anticipated to fall by 29.3% year-over-year, totaling 46 billion yen.
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