Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-525
Operating profit (¥ millions; year-on-year change)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsSecond quarter (interim period) of the fiscal year ending February 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥46,230 million+0.7%
Operating profit¥3,231 million-14.0%
Ordinary income¥3,327 million-15.2%
Net income¥2,193 million-16.6%
Gross Profit Margin47.2 %
Operating profit margin7 %
Selling, general and administrative expenses¥18,605 million
Full-year earnings forecast
Net Sales
¥86,278 million
Gross profit
¥41,627 million
Operating profit
¥4,300 million
Ordinary income
¥4,440 million
Net income for the current fiscal year
¥2,730 million
Capital expenditures
¥2,554 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
First-half operating profit
Change in sales154
Impact of costs and product mix196
Change in selling, general and administrative expenses-875
Full-year operating profit plan
Price, cost and foreign exchange impact1,500
Product mix impact1,335
Change in selling, general and administrative expenses-2,473
New initiatives
- Deepening OMO to centralize inventory information across stores, e-commerce and warehouses
- Promoting the Asahi Maintenance Pack and bicycle-washing services
- Purchasing pre-owned products and strengthening the repair structure at the support center
- Commencement of business alliances with 3 strategic partners
- Growth investments in DX, logistics and CRM
- Launching new products and refreshed models
Key KPIsA metric the company considers important as a management benchmark.
- Existing-store revenue101.4 % year on year
- Same-store customer traffic98 % year on year
- Same-store spend per customer101.4 % year on year
- Asahi membership523 10,000 people
- Number of bicycle-washing services provided4.5 times year on year
- Market share26 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Same-Store Sales101.4 % year on year
Same-store customer traffic98 % year on year
Same-store spend per customer101.4 % year on year
Medium-term management plan targets
Numerical targets and target years for VISION2028: Not disclosed. Initiatives in the first half include OMO, CRM, reuse and expansion of strategic partnerships.Market Size / Share
Market share26 %
NotesThe company's own estimates
Number of stores and locations
Number of Stores at Period-End560
Store openings5
Number of store closures2
Of which, urban-format stores
End of period15
Store openings1
Number of store closures0
Capital expenditures
¥832 million
Annual Dividend
Annual dividend per share¥50
Payout ratio
35 % or higher
DOE3
DOE_unitIndicative %
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending February 2027 |
| Net Sales | ¥46,230 million (YoY +0.7%) |
| Operating profit | ¥3,231 million (YoY -14.0%) |
| Ordinary income | ¥3,327 million (YoY -15.2%) |
| Net income | ¥2,193 million (YoY -16.6%) |
| Gross Profit Margin | 47.2 % |
| Operating profit margin | 7 % |
| Selling, general and administrative expenses | ¥18,605 million |
| Full-year earnings forecast | Net Sales ¥86,278 million / Gross profit ¥41,627 million / Operating profit ¥4,300 million / Ordinary income ¥4,440 million / Net income for the current fiscal year ¥2,730 million / Capital expenditures ¥2,554 million |
| Breakdown of Factors Affecting the Change | First-half operating profit Change in sales 154 / Impact of costs and product mix 196 / Change in selling, general and administrative expenses -875 / Full-year operating profit plan Price, cost and foreign exchange impact 1,500 / Product mix impact 1,335 / Change in selling, general and administrative expenses -2,473 |
| Key KPIs | Indicator name Existing-store revenue / Value 101.4 % year on year, Indicator name Same-store customer traffic / Value 98 % year on year, Indicator name Same-store spend per customer / Value 101.4 % year on year, Indicator name Asahi membership / Value 523 10,000 people, Indicator name Number of bicycle-washing services provided / Value 4.5 times year on year, Indicator name Market share / Value 26 % |
| Unit price and quantity metrics | Same-Store Sales 101.4 % year on year / Same-store customer traffic 98 % year on year / Same-store spend per customer 101.4 % year on year |
| Number of stores and locations | Number of Stores at Period-End 560 / Store openings 5 / Number of store closures 2 / Of which, urban-format stores End of period 15 / Store openings 1 / Number of store closures 0 |
| Medium-term management plan targets | Numerical targets and target years for VISION2028: Not disclosed. Initiatives in the first half include OMO, CRM, reuse and expansion of strategic partnerships. |
| Annual Dividend | Annual dividend per share ¥50 / Breakdown Not disclosed |
| Payout ratio | 35 % or higher |
| Capital expenditures | ¥832 million |
| Market Size / Share | Market share 26 % / Notes The company's own estimates |
| New initiatives | Deepening OMO to centralize inventory information across stores, e-commerce and warehouses, Promoting the Asahi Maintenance Pack and bicycle-washing services, Purchasing pre-owned products and strengthening the repair structure at the support center, Commencement of business alliances with 3 strategic partners, Growth investments in DX, logistics and CRM, Launching new products and refreshed models |
Items this document does not state (11)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Revenue increased due to strong sales of electric-assist bicycles and children's bicycles, higher sales of parts, repairs and maintenance services, and the effect of price revisions. Operating profit declined due to higher personnel costs from wage increases, investments in human-resource development and higher fixed costs associated with the increase in the number of stores, despite cost-reduction initiatives and an improved product mix.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.