Shimano forecasts massive downturn, as motorbike trade struggles

In a This fall file printed this week, Shimano has reported a moment concurrent list yr of gross sales in its bicycle-product department for Monetary 12 months 22 (FY22), totalling 517.4 billion yen (£3.2b / $3.8b). 

Alternatively, despite the fact that this quantity marks a 16.6% year-on-year enlargement, this can be a important slowing in comparison to FY21, which grew 44.6% over the prior yr FY20. The file additionally predicts the downturn will proceed, forecasting a vital lower in 2023. 

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