Shimano Sales – Up 45% In 2021
Shimano, Inc. reported sales in 2021 that increased by over 44% from the previous year to ¥546bn.
Operating income increased by almost 80% to ¥148m and net income increased 82.7% to almost ¥116m.
Thoughts
No doubt this is a result of the pandemic cycling boom and perhaps in part also linked to higher e-Bike sales and the sales of new R9200 groupsets.
Although perhaps there is an element of surprise as many of us are finding it increasingly harder to get hold of simple things like spare parts. Just think what Shimano could have done if they had decent inventories of spares to sell.
That said, some of the e-Bike spare parts are highly sought after as Czech distributor Bike Fun International found to their cost this week as €270k of Shimano e-Bike parts were stolen from a lorry after the driver was gassed (to sleep) on a rest break.
Shimano new Groupsets: 6 Things I like, 4 Things I Don’t like about the Dura-Ace & Ultegra Upgrades
Sources: SGB Media & Adventure Journal
Last Updated on 13 November 2025 by the5krunner
Reader-Powered Content
This content is not sponsored. It’s mostly me behind the labour of love, which is this site, and I appreciate everyone who supports it.
Support the site: Follow (free, fewer ads) · Subscribe (paid, ad-free) · Buy Me A Coffee ❤️
All articles are written by real people, fact-checked, and verified for originality. See the Editorial Policy. FTC: Affiliate Disclosure — some links pay commission. As an Amazon Associate, I earn from qualifying purchases.
tfk is the founder and author of the5krunner, an independent endurance sports technology publication. With 20 years of hands-on testing of GPS watches and wearables, and competing in triathlons at an international age-group level, tfk provides in-depth expert analysis of fitness technology for serious athletes and endurance sport competitors.
