OSAKA, Japan (BRAIN) — Shimano announced a reorganization of its bicycle division by naming Yuzo Shimano to lead the department, effective July 1. Yuzo Shimano is currently senior executive officer of global marketing and supervises bike sales and marketing.
The component giant said the bike division is being "reorganized to enhance its functions as a development-oriented digital manufacturing company through the appropriate allocation and strengthening of its business management and production management functions."
In April, Shimano's bike division reported sales declined 0.7% in the first quarter, and operating earnings in the business unit dropped 46%. Sales of bike products in the quarter were 87.4 billion yen ($541 million) while operating income was 7.8 billion yen in that business.
Commenting on its business across all its divisions, the company said in April, "In the U.S., the previously strong economy came to a standstill amid lackluster personal consumption due to price increases resulting from tariff policies, despite signs of recovery in the employment environment."
