Shimano Inc

7309: XTKS (JPN)
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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.

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