Shimano Inc. announced consolidated earnings results for the first half ended June 30, 2017. For the period the company announced net sales of JPY 163,079 million compared to JPY 166,428 million a year ago. Operating income was JPY 30,832 million compared to JPY 34,163 million a year ago. Ordinary income was JPY 26,937 million compared to JPY 31,630 million a year ago. Net income attributable to owners of the parent of JPY 18,728 million compared to JPY 22,922 million a year ago. Basic earnings results for the period was JPY 202.03 compared to JPY 247.27 a year ago. Income before income taxes was JPY 26,508 million compared to JPY 31,608 million a year ago. Net cash provided by operating activities was JPY 35,787 million compared to JPY 30,628 million a year ago. Acquisition of property, plant and equipment was JPY 8,374 million compared to JPY 14,886 million a year ago. Acquisition of intangible assets was JPY 1,466 million compared to JPY 1,434 million a year ago.

For the financial year ending December 31, 2017, the company expects net sales of JPY 330,000 million, operating income of JPY 63,000 million, ordinary income of JPY 58,900 million, net income attributable to owners of the parent of JPY 42,100 million and basic earnings per share to be JPY 454.14.