(Updates share prices from third paragraph).
April 19 (Bloomberg) - Tokyo residents haunted by the memory of how earthquake closes March 11 Metro the busiest in the world return to bicycle trip, double Asahi Co. retailer sales in the region last month. "I was in Tokyo when the earthquake struck, and everything which has stopped,"company President Susumu Shimoda said in an interview." "Trains has orders, buses were in chaos, and cars were stuck.". Inside, you could just see swimming through bicycles. Some of our stores remain open until 4 p.m. to meet the increased demand. "Asahi, the best performer on the index of retail trade the 146-Member Topix this year, won 10 percent since the temblor of magnitude-9 and the tsunami that followed. Network of Tokyo subway, which carries every day about 8 million users, interrupted operations on 11 March, forcing commuters to wait hours for taxis, to seek a place to spend the night, or walk to the home.Among those walking was Hiroko Indei, 35, who works for Conzzeta AG Mammut Sports Group. It was one of the luckier residents of Tokyo as a colleague who has served as an alpine guide helped. If this is so, walk home could have been longer than 3-1/2 hours she has endured, Indei said.Shimano GearsBicycle sales for Asahi based in Osaka in the Kanto region since March 11 earlier this month, Shimoda said in Tokyo. While growth will slow, sales will keep increasing oil prices, he said. The Kanto region, which includes Tokyo, at about one third of the approximately 128 million people Japan .l ' increased interest in bikes has helped other companies. Manufacturer of bicycle gears and brakes Shimano Inc. won 3.7% in Osaka since the earthquake, after having lost 1.5% in the year through March 10. "Asahi is saying that their sales increased while we should be able to expect an increase in orders for us as well,"Yoshihiro Hirata, head of accounting Shimano, said yesterday. "We have seen orders rise after the disaster."Shimano trades both 2.31 Asahi while price-book ratio is 3.3 times. That compares with a ratio of 1.5 for the Nikkei 225 Stock average and 1.2 for the broader Topix index.Asahi and Shimano gains since March 11 exceeded the Topix, which has lost 11 percent in the period. Bicycle retailer, which is not connected to Asahi Breweries Ltd., rose 1.4 percent 1 542, 12 h 58 Yen in Tokyo trade today. The stock rose to 40 percent this year. Shimano shares slipped 0.8 percent Yen 4,225 today.Giant sales "in addition to the disorder in the system of public transport, rising gasoline prices also are boosting demand for bicycles," said Akinori Sato, an analyst with Daiwa Securities Capital markets Co., which has a "neutral" on Asahi rating and a rating on Shimano "outperform." "This is not a phenomenon only the Kanto region, but for the whole of the country."Michael Badilla, an immigrant originally from the Philippines who lives in Tokyo for a decade, bought a bicycle for 20,000 yen, on March 16 of a Costco Wholesale Corp. store near Tokyo. "I wanted a bicycle that it is tedious to walk to stores, and gasoline prices are high," he said. "Then the earthquake happened on 11 March, and I've heard of how my friend left his Office at 4 in the afternoon and got home 11 evening."Giant Manufacturing Co. of Taiwan, large manufacturer of bikes the most according to data compiled by Bloomberg, said that its subsidiary unit full to the Japan saw income rise 23 percent in March. Yet, the giant impact will probably be "short term" Jeffrey Sheu, a spokesman said yesterday by phone.The giant sold Japanese unit 90,000 bikes brand in 2010 and expects a growth of 10% this year, said SHEU. The Taiwanese company also sells bicycles to the Japan of Hodaka Co., through which it owns 49%.Store GrowthGiant reached 1.3% since March 11, compared with the decline of 0.4% of the reference index Taiex index.Asahi forecast that revenue will increase from 15% to 32.9 billion yen in the fiscal year ending February 20, 2012, with net profit up 11% to 2.4 billion yen, it said April 4. "Normally we would be really happy if in ordinary circumstances, sales increased this that much, but this time, my feelings are mixed,"said Shimoda. "I do not think the responsibility of maintaining the supply to demand."The seller of bicycle plans stimulate its stores of 33 per cent to 315 over the next two years, Shimoda said. Sales should grow by 50 billion yen annually by, with an increase in the market share of 20 per cent from 12 per cent today, he said. In 2017, the plan is to have 500 stores, with sales of 60 billion yen to 70 billion yen, said, more than double the yen of 28.7 billion of revenue in the last fiscal year. "Disorder"calendar "demand for bicycle has increased since the earthquake, especially around Tokyo," said Miyuki Kimizuka, an official at the Institute of Promotion of the bike to the Japan." Approximately 9.5 million bicycles were sold to the Japan last year, according to the Institute of.Japan may enter into a brief recession this quarter following an earthquake, Chief Economist of the Asian Bank of development Rhee Chang Yong, said March 15. The earthquake and tsunami, which led to this Prime Minister Naoto Kan described as the worst crisis since the second world war, has left nearly 28,000 dead or missing, according to the National Police Agency. "The schedule of trains and buses is disordered, said Hiro Suzuki, an old employee of 24 years of a Tokyo gaming machine manufacturer. "My colleagues who live in Tokyo say that it is really difficult when trains stop running." "They are quite jealous of that I can ride my bike to work."-With the help of Adela Lin in Taipei and Rocky Swift and Naoko Fujimura in Tokyo. Editors: Garry Smith, Frank ID Longid
To contact the reporters on this story: Hideki Sagiike in Tokyo at the hsagiike@bloomberg.net. Anna Kitanaka in Tokyo at the akitanaka@bloomberg.net
To contact the responsible editor of the story: Frank ID Longid in the flongid@bloomberg.net
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