Shimano raised its consolidated earnings forecast for the current fiscal year on stronger demand as inventory adjustments progressed in Europe and China, along with the impact of weaker Asian currencies. In addition to revising its revenue and operating profit forecasts, results for the cumulative first 3 quarters were also solid.
Shimano raised its consolidated earnings forecast for the fiscal year ending December 2026, revising revenue from ¥491.0 billion to ¥495.5 billion and operating profit from ¥47.0 billion to ¥54.3 billion. Revenue is expected to rise 6.3% year on year and operating profit 5.1%.
For the cumulative first 3 quarters announced at the same time, covering January through September, revenue was ¥375.248 billion, up 6.9% year on year, and operating profit was ¥44.532 billion, up 21.8%. The bicycle components segment remained firm, led by Europe, while the fishing tackle segment performed well, particularly in North America and Europe.
The forecast was revised to reflect increased demand as inventory adjustments progressed in Europe and China, as well as the foreign-exchange impact of weaker Asian currencies.