Shimano crankset recall to cost $18million

Japanese bike component giant reports a 24.6% drop in revenue and 52.3% drop in net profit

Shimano dura-ace crank and chainring
(Image credit: Getty Images)

The 11-speed Hollowtech road crankset recall is set to cost Shimano $18.5 million (£14.6 million), the Japanese component giant's 2023 financial report has revealed.

Shimano launched a global 'free inspection program' available for the 2.8 million 11-speed Hollowtech II road cranks that were sold between 2012 and 2019 last September, due to "potential fall and injury hazards to consumers".

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