OSAKA, JAPAN July 6, 2020 - It is with profound sadness that we announce the passing of our Chairman Emeritus and former Chairman Yoshizo Shimano. Yoshizo died of chronic heart failure at the age of 85 on July 3, 2020.

The contributions he made to Shimano's business cannot be measured and his impact will be felt forever.

On behalf of our management team and employees, we extend our deepest condolences to his family

The funeral has been held by close relatives, with his surviving wife, Ms. Ikuko Shimano, representing the family.

His family would like to respectfully decline condolence visits, telegraphs, or funeral offerings at this time.

Please direct any questions to Corporate Communications at (+81) 72-223-3957.