Shimano Inc. Reports Consolidated and Non Consolidated Earnings Results for the Year Ended December 31, 2018; Provides Consolidated Earnings Guidance for First Half and Full Year Ending December 31, 2019
February 12, 2019
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Shimano Inc. reported consolidated and non consolidated earnings results for the year ended December 31, 2018. For the year, the consolidated company reported net sales of ¥348,035 million, net income of ¥53,939 million, or net income per basic share of ¥581.77 compared with net sales of ¥335,800 million, net income of ¥38,464 million, or net income per basic share of ¥414.69 for the same period last year. Operating income was ¥65,687 million compared with ¥64,351 million for the same period last year.
The company provided consolidated earnings guidance for first half and full year ending December 31, 2019. For the first half of 2019, the company expects net sales to be ¥177,900 million, operating income of ¥34,600 million, net income of ¥25,600 million, or net income per share basic of ¥276.15.
For the year ending December 31, 2019, the company expects net sales to be ¥365,000 million, operating income of ¥73,000 million, net income of ¥54,000 million, or net income per share basic of ¥582.51.
For the year, the non-consolidated company reported net sales of ¥204,851 million, Operating income of ¥29,708 million, net income of ¥30,418 million, or net income per basic share of ¥328.13 compared with net sales of ¥191,088 million, Operating income of ¥26,359 million, net income of ¥23,509 million, or net income per basic share of ¥253.60 for the same period last year.
SHIMANO INC. is a Japan-based company mainly engaged in the manufacture and sale of bicycle components and fishing equipment. The Company operates in three business segments. The Bicycle Component segment is engaged in the manufacture and sale of freewheels, front gears, transmissions, brakes and other bicycle components. The Fishing Equipment segment is engaged in the manufacture and sale of reels, rods and fishing gears. The Others segment is engaged in the manufacture and sale of rowing related products. The Company is also engaged in the logistics business.
Shimano Inc. Reports Consolidated and Non Consolidated Earnings Results for the Year Ended December 31, 2018; Provides Consolidated Earnings Guidance for First Half and Full Year Ending December 31, 2019