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.
“Even though the sturdy pastime in bicycles all through the COVID-19 pandemic confirmed indicators of cooling down, call for for