'Shimano’s 2005 net profit slipped nearly 16 percent compared to 2004, according to figures just released from Shimano Europe, but the company nonetheless netted more than (US)$139 million after-tax dollars for the full year. Shimano reported total revenues of $1.426 billion, an $11.33 million drop from last year. The components and parts company’s bicycle division sales were off by $34.2 million to $1.06 billion, a 3.1 percent drop. Its fishing tackle division revenues were up $22.8 million (7.2 percent) to $338.4 million and partially offset lower sales on the bicycle side. The snowboard division’s revenues were virtually unchanged at $26.2 million...' More
