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Bicycle Components

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Shimano Q1 Sales Beat Guidance

Shimano posted Q1 sales of ¥117.6 bn, up 4% YoY, beating its ¥109.0 bn guidance, helped by yen weakness. Operating profit fell 36% YoY to ¥10.4 bn, missing the ¥11.2 bn target and Bloomberg’s ¥12.5 bn