Shimano had a good start to the 2018 financial year, reporting 6.7% growth in first quarter sales to 85-bn yen. First quarter fishing sales were 13.2% more than the same period in 2017, while sales of bicycle components (the biggest division) grew 5.1%.

Overall fishing sales reached 17-bn yen, with operating income growing 65.8% to 2.2-bn yen.

This growth is due to good sales in Japan and better performances in the US, Europe and Asian markets, despite poor weather conditions for fishing in Europe, Taiwan and Japan.