EXEC: Shimano Inc. Sees 2024 Sales Decline on Soft Bike and Fishing Demand

February 12, 2025

Shimano reported that demand for bikes and fishing tackle continued to be weak in 2024, resulting in net sales decreasing 4.9 percent year-over-year. While the strong interest in bikes continued as a long-term trend, Shimano said retail sales of completed bicycles were weak, and market inventories remained high. SGB