Yes, but if you're Shimano, you'd be rather foolish not to note that those two states have very big economies by themselves (way larger than most countries), and it's even harder to treat those states differently from the rest of the U.S. than it is to treat different countries' markets differently, which was the point of your post. As a practical matter, if they can't enforce minimum price agreements in California, they won;'t be able to do so in the U.S. as a whole without sacrificing doing business in California.

I'll ignore the nonsense about "least free states" because this isn't a political forum.