Shimano has reported a record-breaking profit for the year, but the company is also hoping to cash in on the global popularity of its consumer-friendly Shimano 105 speed derailleurs.
The Japanese company announced Friday it had made a profit of 5,000 yen ($4,600) for the three months ended March 31, up 9% from a year ago.
That is up from 5,100 yen ($3,200) a year earlier.
The Shimano-manufacturer says the gain comes from its use of Shimano’s proprietary technology, which is used on the 105mm, 105.3mm and 105.4mm derailleur versions of its products.
It’s the third consecutive year the Shimano name has been on the cover of Consumer Reports magazine, after the companies flagship 105 speed speed, 105mm and 100mm derailles.
Shimano and the company’s competitor, Trek, both use components made by other companies.
The company said the profit was the result of increased sales of the 105 and 105mm speed derailles as well as Shimano Premium Shimano gears, which are sold by other makers.
The profit was a continuation of the company growing profit from the 105 speed in the second quarter of last year.