Shimano declares record sales year for 2022

The company expects to see a similar net sales performance in 2023

Shimano neutral service car
(Image credit: Getty)

Japanese component manufacturer Shimano recorded its highest annual sales in 2022, the company’s Q4 financial report has revealed. 

Published on Tuesday, the report detailed a total net sales from its bicycle division of 517,436 million yen (£3.2 billion). This marks an increase of 16.6% on 2021, the previous record-breaking year. 

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Tom Davidson
Senior News Writer

Tom joined Cycling Weekly as a news and features writer in the summer of 2022, having previously contributed as a freelancer. He is the host of The TT Podcast, which covers both the men's and women's pelotons and has featured a number of prominent British riders.

An enthusiastic cyclist himself, Tom likes it most when the road goes uphill and actively seeks out double-figure gradients on his rides.