Bicycle industry continues to perform well despite the spread of new corona infection 3 Is it the background of dense avoidance? October 30, 20:39
While many companies are suffering from sluggish performance due to the spread of the new coronavirus infection, the bicycle industry continues to perform well due to increasing demand such as an increase in the number of people who use bicycles for commuting.
Of these, Shimano, which is headquartered in Sakai City, Osaka, mainly manufactures parts such as transmissions, brakes, and wheels for sports-type bicycles, and has a global market share.
This week, we announced nine months of financial results through the end of September, with final profits up 10.4% over the same period last year.
In addition, the one-year earnings forecast revised the final profit upward by about 10%, the stock price reached the highest level since the temporary listing, and the market capitalization exceeded Nissan Motor.
In addition to growing health consciousness, the background is that more and more people are using bicycles for commuting to reduce the risk of infection with the new corona.
Shimano is poised to increase production as orders from Europe, the United States and China are increasing as well as from Japan.
In addition, sales of Asahi, which has its head office in Miyakojima-ku, Osaka and has more than 480 bicycle stores nationwide, are increasing in response to rising demand.
In the last three months until mid-August, sales increased by more than 40% compared to the same period of the previous year.
While the infection of the new corona has not subsided, the demand for bicycles is strong to avoid the so-called Three Cs, and the industry is likely to continue to perform well.