<\/i>Listed Fishing tackle manufactures<\/p> SHIMANO INC. GLOBERIDE, Inc. TIEMCO LTD. “Daiwa” is a brand of fishing tackle produced by GLOBERIDE, Inc.In Japan, Shimano and Daiwa are the twin leaders in both fishing rods and reels, and these two companies are probably the most familiar to most of you. When you start fishing, the first thing you need is rods and reels, so the presence of these two companies is tremendous.<\/p>\n\n\n\n In this article, I will add TIEMCO LTD. to these two companies and analyze its latest performance and business. The name “TIEMCO” may not ring a bell with many of you. Compared to Shimano and Daiwa, TIEMCO has a difference in terms of sales and market share, and there are many other well-known fishing tackle manufacturers such as Gamakatsu, Jackal, and Major Craft. However, these three companies are not listed on the stock exchange, and TIEMCO is the most likely candidate as a listed fishing tackle manufacturer in Japan. Let us compare the three companies in terms of domestic listed fishing tackle manufacturers. \u76ee\u6b21<\/p> In addition to complete sets of fishing equipment such as reels, rods, lures and fishing traps, the companies offer a variety of products ranging from apparel (fishing wear, pants and rock shoes), bags, cooler boxes, fishing lines, scissors and other small items. The number of fishing trips has been consistently increasing over the 10-year period from 2011 to 2022.<\/p>\n\n\n\n In 2020, fishing in Japan experienced a sharp increase in popularity as a pastime with no human contact during the pandemic. In fact, the fishing equipment market is expected to increase significantly from 2019 to 2020.<\/p>\n\n\n\n We will look at the sales size and operating profit margins of the three companies. (SHIMANO’s figures are for the fiscal year ending December, 2021, GLOBERIDE’s figures are for the fiscal year ending March, 2022, and TIEMCO’s figures are for the fiscal year ending November, 2021.)<\/p>\n\n\n\n (\u203b)Globe Ride’s operating income per division was not disclosed on their website, so I assumed it was around 10%.\u3002)<\/p>\n\n\n\n Shimano’s high operating profit margin is remarkable.<\/p>\n\n\n\n Shimano and Globe Ride have about the same market share of reels and rods, but in terms of sales size of all businesses, Shimano is about 4.5 times larger than Globe Ride. Shimano’s main business is bicycle components, and the fishing tackle division accounts for only 18.7% of its entire sales.<\/p>\n\n\n\n Calculating the sales of the fishing tackle division, we find that<\/p>\n\n\n\n <\/i>Sales of the fishing tackle division<\/p> SHIMANO GLOBERIDE Based on our calculations, it appears that Globe Ride has a slightly higher market share in fishing equipment.<\/p>\n\n\n\n Incidentally, the world ranking of fishing tackle manufacturers in terms of sales is as follows<\/p>\n\n\n\n
<Tokyo, Prime Market (Code Number: 7309)><\/p>\n\n\n\n
<Tokyo, Prime Market (Code Number: 7990)><\/p>\n\n\n\n
<Tokyo, Standard Market (Code Number: 7501)><\/p>\n<\/div><\/div>\n\n\n\n
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<\/p>\n\n\n\nTrends in the fishing tackle market<\/span><\/h2>\n\n\n\n
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<\/p>\n\n\n\nSummary of the three companies’ business result<\/span><\/h2>\n\n\n\n
Company<\/th> Net sales[Millions of yen]<\/th> Operating profit ratio[All s<\/span>e<\/span>c<\/span>t<\/span>o<\/span>r<\/span>s<\/span>]<\/th> Operating profit ratio[Fishing tackle <\/span><\/span>se<\/span>c<\/span>t<\/span>o<\/span>r<\/span>]<\/th> Percentage of sales in the fishing tackle sector<\/th><\/tr><\/thead> Shimano<\/td> 546515<\/td> 27.1%<\/mark><\/td> 22.6%<\/td> 18.7%<\/mark><\/td><\/tr> GlobeRide<\/td> 120684<\/td> 10.2%<\/td> Around 10%(\u203b)<\/td> 89.7%<\/mark><\/td><\/tr> Tiemco<\/td> 2951<\/td> -0.88%<\/td> 15.8%<\/td> 36.4%<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n\n\n\n
546515\u00d70.187\u3000=\u3000About 102200<\/span>[Millions of yen]<\/p>\n\n\n\n
120684\u00d70.897\u3000=\u3000About 108300<\/span>[Millions of yen]<\/p>\n<\/div><\/div>\n\n\n\n\n
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