February 2027 Interim Period Highlights – Interim Earnings Presentation

Performance overview

The second-quarter results for the fiscal year ending February 2027 show interim figures of revenue of 46,230 million yen, gross profit of 21,837 million yen, operating profit of 3,231 million yen, ordinary income of 3,327 million yen, and net income of 2,193 million yen. Compared with the same period last year, most indicators show improvement, notably in gross profit growth and margin improvement. Factors include increased sales of electric-assist bicycles, parts, repairs, and maintenance, price revisions, wage investment, and store openings. The full-year forecast calls for revenue of 86,278 million yen, operating profit of 4,300 million yen, and net income of 2,730 million yen.

Outlook and impact for investors

Under the Vision 2028 framework, the company will continue growth strategies such as enhanced OMO (online-merchandising-omni-channel) and CRM integration, expansion of adjacent businesses, and growth of strategic partnerships. It aims to raise lifetime value (LTV) and expand its customer base through digital IT investments, strengthening logistics infrastructure, and store revitalization investments. For shareholder returns, the company plans a dividend of 50 yen per share, with a payout ratio of at least 35% and a DOE target of approximately 3%, to be maintained.