Shimano has had no layoffs and is still profitable.
While the company is currently earning less profit than during the pandemic "bike boom," it is not losing money. It continues to generate billions of dollars in revenue and hundreds of millions in operating income.The Financial Snapshot (2024–2025)

Based on the most recent financial reports, here is the breakdown of their profitability:

• 2024 Full Year: The bicycle division generated approximately ¥345 billion JPY (approx. $2.2 billion USD) in sales. Despite a "down" year, the division remained firmly profitable.

• 2025 Performance: Through the first nine months of 2025, the bicycle segment reported an operating income of ¥30.1 billion JPY (approx. $195 million USD).

Context: "Profitable" vs. "Growing"

It is important to distinguish between losing money and making less money.

• During the Pandemic (2020–2022): Shimano saw record-breaking profits as demand for bikes skyrocketed.

• Current State (2024–2025): Demand has normalized, and the industry is working through an oversupply of inventory. As a result, Shimano's profits have dropped significantly (down ~27% in late 2025 compared to the previous year), but they are still deep in the black.

Summary

Shimano remains a financial powerhouse in the cycling world. If you read headlines about "plunging profits," they refer to a drop from historic highs, not a company operating at a loss.

I can understand the fondness towards Campagnolo and its roll in contributing to our collective passion of cycling. Unfortunately they cannot compete as their products are not seen as worth the premium nor does it have the halo effect of an elite item. The huge grey market undercutting Campagnolo USA didn’t help. There were numerous discounters selling Campagnolo lessening its exclusivity and making retail full price purchasers feel like fools.