Shimano Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was JPY 126,071 million compared to JPY 144,047 million a year ago. Net income was JPY 20,203 million compared to JPY 28,740 million a year ago.

Basic earnings per share from continuing operations was JPY 223.11 compared to JPY 314.03 a year ago.