For the third quarter ending September 30, 2019, Shimano’s Bicycle Components division has reported an uplift in net sales year on year. Net sales increased 6.3% to ¥212,640 million (US$1.9 billion), and operating income increased 2.5% to ¥42,066 million (US$380 million).
The company noted that its new Deore XT and SLX high-end MTB components, and GRX middle- to high-end gravel road components were well received in the market. Also, the SHIMANO STEPS sport E-BIKE components continued to build momentum.
In Europe, Shimano cited continued good weather conditions which supported favourable retail sales of completed bicycles, mainly sport e-bike variants, and ‘distributor inventories of bicycles in Europe generally remained at an appropriate level.’
In North America, although total retail unit sales of completed bicycles slightly decreased, the sales value remained at the same level as the previous year due to increased unit prices.
In China, retail sales of completed bicycles remained static as a ‘downward trend that persisted until last year has begun to slow.’ In other emerging markets… ‘in South America, the Brazilian market saw sluggish retail sales due to the impact of political instability, and the Argentine market remained stagnant due to the effects of currency depreciation.’
In the Japanese market, sales of middle- to high-end sports bicycles were reportedly sluggish. Meanwhile, as a shift to sports-type cross bikes and e-bikes for commuting to work and school continued to progress further, unit sales decreased, but unit prices increased.