Shimano Inc. announced consolidated earnings results for the first half ended June 30, 2016. For the period the company announced net sales of JPY 166,428 million compared to JPY 196,585 million a year ago. Operating income was JPY 34,163 million compared to JPY 45,356 million a year ago. Ordinary income was JPY 31,630 million compared to JPY 49,664 million a year ago. Net income attributable to owners of the parent of JPY 22,922 million compared to JPY 36,532 million a year ago. Basic earnings results for the period was JPY 347.27 compared to JPY 394.08 a year ago. Income before income taxes was JPY 31,608 million compared to JPY 49,472 million a year ago. Net cash provided by operating activities was JPY 30,628 million compared to JPY 37,043 million a year ago. Acquisition of property, plant and equipment was JPY 14,886 million compared to JPY million a year ago. Acquisition of intangible assets was JPY 1,434 million compared to JPY 1,080 million a year ago.

For the financial year ending December 31, 2016, the company expects net sales of JPY 325,000 million, operating income of JPY 68,000 million, ordinary income of JPY 65,400 million, net income attributable to owners of the parent of JPY 47,500 million and basic earnings per share to be JPY 512.39.