Shimano eclipsed Nissan in market cap

[JerrySTL ★]

https://asia.nikkei.com/Spotlight/Comment/How-bicycle-parts-maker-Shimano-eclipsed-Nissan-in-market-cap

TOKYO -- The coronavirus crisis is dramatically adjusting the relative strength of companies, a trend not lost on the stock market, where the share price of Shimano, the big bicycle parts maker, hit another all-time high this month.

Shimano's market capitalization at the end of January, well before the outbreak became a full-blown pandemic, was 1.6 trillion yen ($15.3 billion). That was good for No. 86 in Japan. But by the end of July, the component maker's market cap reached 2.1 trillion yen, putting it at No. 61 in the same ranking.

As it climbed 25 places, Shimano overtook West Japan Railway (JR West), in April, and automobile giant Nissan Motor, in June.

[Parsnip Totin Jack ★]

Demand for bicycles began in March. Inventories in US warehouses were down in May. Faced with a shortage of new bikes, consumers looked to rehab the old bikes in garages, basements, and sheds. This drove demand for parts. I see these rehab bikes on the trail every morning. Cycling popularity is close to when gas was $4 a gallon. 

[Razors Edge ★]

I see more bikes (with some sort of Shimano) than I do Nissans.  But I see more Nissans than Teslas, so WTF am I supposed to think????

[jsharr ★]

Shimano also makes fishing gear and I bet sales of that are way up as well during this craziness.

[Johnny Come Lately Name]

I have tried to do my part