Shimano's 2022 Q2 net profit increased by 22.4% year-on-year, global demand for bicycles and fishing tackle cooled

The net sales of the fishing tackle division in Q2 reached 54.235 billion yen, up 4.5% year-on-year, and operating income reached 11.335 billion yen, down 5.8% year-on-year.

Global interest in fishing is also showing clear signs of cooling, Shimano said. In Japan, sales of mid-priced products are strong, although products aimed at families and beginners are showing signs of decline; in North America, demand for fishing tackle remains high and sales are still good despite concerns about the impact of inflation; Asia In terms of markets, although sales in South Korea and Taiwan were better, sales in mainland China were affected by restrictions on activities such as epidemic closures; in Australia, despite natural disasters such as east coast floods, sales remained strong .