US EditionShimano revises 2025 forecasts due to second-quarter results
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Shimano revises 2025 forecasts due to second-quarter results
TOKYO (BRAIN) — Shimano has revised its full-year forecasts due to a discrepancy between its second quarter results and the results it forecast for that period. The company also said a proposed settlement to a U.S. class action lawsuit over its crank recall is "reasonable." The company said its net sales in the quarter were ahead of expectations in part due to favorable weather in Europe. However, increased operating and non-operating costs, inc…
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