Sales reached a record high. Interim period net sales rose from 11,045 million to 12,352 million yen YoY, +11.8%. Operating income was 886 million yen (YoY -1.1%), but exceeded the initial forecast by 5.1%, and the full-year forecast is 1,490 million yen. The number of stores increased by 10 to 164 stores, with PB ratio slightly rising to 33.8%. For FY2027, the full-year outlook is net sales of 24,293 million yen, operating income of 1,490 million yen, net income attributable to owners of parent of 1,006 million yen, and an expected dividend of 73 yen per share.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5888","jir_company_name":"DAIWA CYCLE Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-09-14","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/09\/5888-20260914-02.pdf","jir_short_summary":"Sales reached a record high. Interim period net sales rose from 11,045 million to 12,352 million yen YoY, +11.8%. Operating income was 886 million yen (YoY -1.1%), but exceeded the initial forecast by 5.1%, and the full-year forecast is 1,490 million yen. The number of stores increased by 10 to 164 stores, with PB ratio slightly rising to 33.8%. For FY2027, the full-year outlook is net sales of 24,293 million yen, operating income of 1,490 million yen, net income attributable to owners of parent of 1,006 million yen, and an expected dividend of 73 yen per share.","jir_summary":"### Overview of results\nFor the FY2027 first half, net sales reached a record high, driven by store openings and strong performance at existing stores. Net sales were 12,352 million yen, up 11.8% YoY. The gross profit margin was about 42.3%, showing a slight decline, but profits were maintained through price increases on private-brand (PB) products and cost controls. Operating income was 886 million yen (YoY -1.1%), with solid progress. The number of stores increased to 164 stores, up 10. Full-year guidance is for net sales of 24,293 million yen, operating income of 1,490 million yen, net income attributable to owners of parent of 1,006 million yen, and dividends of 73 yen per share.\n\n### Outlook and shareholder returns\nPB ratio stands at 33.8%, a slight increase vs the previous period. While there are impacts from foreign exchange and higher store opening costs, existing-store growth and the plan to open 20 new stores will be maintained. The earnings forecast is expected to exceed the initial forecast, with key drivers being PB strengthening and customer retention through repair, insurance, and other support packs. Dividends are planned at 73 yen per share, with a payout ratio target of around 20%.","jir_financial_highlights":"Net sales: 12,352 (YoY +11.8%)\nNet sales: 12,637 (Interim period forecast vs actual: \u25b22.3% (forecast 12,637 \u2192 actual 12,352))\nGross profit: 5,229 (YoY +10.7%)\nOperating income: 886 (YoY \u25b21.1%)\nInterim net income: 560 (YoY \u25b22.5%)\nInterim net sales forecast: 12,637 (Progress compared with actual)\nFull-year net sales: 24,293 (YoY +15.1%)\nDividend per share: 73.0 yen (Forecast)","jir_category":"","jir_hashtags":"#DAIWA_CYCLE, #bike_retail, #financial_results, #interim, #PB_ratio","jir_key_figures":"Net sales (interim): 12,352 million yen\nNet sales (full-year forecast): 24,293 million yen\nOperating income (interim): 886 million yen","jir_meta_title":"\u3010DAIWA CYCLE\u3011FY2027 First Half Financial Results\uff5cRecord net sales, PB ratio 33.8%, 10-store expansion","jir_meta_description":"DAIWA CYCLE FY2027 first-half financial results overview. Net sales reached a record high of 12,352 million yen, operating income 886 million yen. Full-year outlook: net sales 24,293 million yen, dividend per share 73 yen. Store openings increased by 10 to 164 stores.","jir_og_title":"DAIWA CYCLE | Record-high net sales in Results, Store Expansion and PB Ratio Trend","jir_og_description":"DAIWA CYCLE FY2027 first-half financial results. Net sales reached a record high of 12,352 million yen. Key points: store expansion and PB ratio trend.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Net Sales Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2026-01\\\",\\\"2027-01\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Sales\\\",\\\"data\\\":[11045,12352]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2026-01\\\",\\\"2027-01\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[896,886]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"margin_analysis\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Gross Profit Margin\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2026\\\",\\\"2027\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Gross Profit Margin\\\",\\\"data\\\":[42.8,42.3]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"pb_ratio_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"PB Ratio Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2026\\\",\\\"2027\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"PB Ratio\\\",\\\"data\\\":[32.7,33.8]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"store_count_trend\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Store Count Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2025\\\",\\\"2026\\\",\\\"2027\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Direct-operated Stores\\\",\\\"data\\\":[150,160,174]}]},\\\"options\\\":{}}\"}]","ir_related_company":59077,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-113824","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n