Shimano Inc
7309: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|wHx | LOCK|%&% | LOCK|S<Zr>^ |
Shimano Earnings: China Weakness Hits Margin; Fair Value Cut by 8% Despite Solid Recovery in Europe
Shimano's June-quarter sales rose 6.5% year on year, but operating profit dropped 31.6% due to weak demand in China. The company lowered its full-year operating profit forecast by 34% to JPY 460 billion, citing ongoing inventory adjustments and rising costs. Shares fell over 20% after the results.
