The company was founded in 1921 by Shozaburo Shimano as Shimano Shoten. It manufactured precision metal parts for motorcycles. In 1934, it began producing bicycle components for Fuji Heavy Industries, which became part of Subaru Corporation after World War II. Its first product for consumers was a three-speed bicycle hub. The company changed its name to Shimano Incorporated in 1949. It started exporting products to the United States in 1965 and to Europe in 1971.
The company’s first fishing reel was released in 1955. Fishing rods were added to the product line in 1959. In 1968, Shimano began producing fishing tackle under the Diawa brand name.
In 1970, Shimano opened its first overseas office, in Singapore. It later established offices in England, Germany, and Australia.
Shimano’s fishing tackle division was established as a separate company, Shimano American Corporation, in 1981. This was followed by the establishment of Shimano fishing tackle companies in France, Australia, and Malaysia.
Shimano has been a publicly-traded company since October 2016. Its shares are listed on the Tokyo Stock Exchange under the ticker symbol 7309.
Shimano fishing tackle is used by anglers all over the world and is widely considered to be some of the best fishing tackle available. Shimano also owns the fishing tackle brands Daiwa, G.Loomis, and Rapala.
Shimano held a 30% market share for fly fishing reels in the US as of 2006. In Australia, it held a 39% market share for spinning reels as of 2006. Its products are distributed in more than 100 countries worldwide. Shimano’s top product lines include Stella, Chronarch, Cardiff, and Saros.
It is a publicly-traded company listed on the Tokyo Stock Exchange (6729). As of March 2013, the company had a market capitalization of ¥227 billion (US$2.4 billion).
Shimano fishing tackle is used by anglers all over the world and is widely considered to be some of the best fishing tackle available.
Please login or Register to submit your answer