Shimano, Inc. is a Japanese multinational manufacturer of cycling components, fishing tackle, and rowing equipment. It produced golf supplies until 2005 and snowboarding gear until 2008. Headquartered in Sakai, Japan, the company has 32 consolidated subsidiaries and 11 unconsolidated subsidiaries. Its primary manufacturing plants are in Kunshan, China; Malaysia; and Singapore. In 2005, Shimano had net sales of US $1.4 billion, 41% in Europe and 17% in North America. Bicycle components represented 75%, fishing tackle 23%, and other products 2%. The company is publicly traded, with 102.8 million shares of common stock outstanding. Shimano product sales constitute 50% of the global bicycle component market. Its products include drivetrain, brake, wheel and pedal components for road, mountain, and hybrid bikes.