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How bicycle parts maker Shimano eclipsed Nissan in market cap

COVID-19 had something to do with it but globalization played a larger role

A Shimano-sponsored bike race last summer in Suzuka, Mie Prefecture. The company's market cap tells a story of globalization.

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.

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