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Financial results presentation5888DAIWA CYCLE CO.,LTD.Retail

Presentation Materials on Financial Results for the First Quarter of the Fiscal Year Ending January 2025

For the first quarter of the fiscal year ending January 2025, revenue, operating profit and net income exceeded the year-earlier period, resulting in higher revenue and profits. The full-year forecast was unchanged, and the company considers progress to be broadly in line with plan.

Worth reading
56In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
50.2
Year-on-year change in operating profit (%)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Financial results presentation2025年1月期 第1四半期11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,316 million+21.1%
Operating profit¥553 million+50.2%
Ordinary income¥548 million+47.0%
Net income¥365 million+49.3%
Gross Profit Margin41.6 %
Operating profit margin10.4 %
Selling, general and administrative expenses¥1,659 million
Results for the three months of the current quarter
Net Sales
¥5,316 million
Gross profit
¥2,213 million
Operating profit
¥553 million
Ordinary income
¥548 million
Quarterly net income
¥365 million
Full-year earnings forecast
Net Sales
¥17,059 million
Operating profit
¥827 million
Ordinary income
¥840 million
Net income for the current fiscal year
¥505 million
Number of stores
144 stores
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales31.2 %
Operating profit66.8 %
Ordinary income65.3 %
Net income for the current fiscal year72.2 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
概ね計画通りに進んでおります
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
コロナ禍からの回復、上場感謝祭、PB電動アシスト車の販売好調、既存店売上高増加、人件費増加、採用コスト増加、地代家賃増加、広告宣伝費減少、租税公課増加、その他
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • New stores20店舗（上期7店、下期13店）
  • Selling priceMaintained
  • Exchange rate¥145 145 per US dollar
  • 重要な特別損益発生予定なし
New initiatives
  • 第1四半期にPB商品7車種を新発売・リニューアル
  • ダイワサイクルさいたま新都心店、ダイワサイクル芦屋店を出店
Key KPIsA metric the company considers important as a management benchmark.
  • Private-label sales ratio33.1 %
    Year on year against the same period last year前年1Q 31.8%
  • 既存店売上高（2月）107.8 % of the year-ago month
  • 既存店売上高（3月）123.6 % of the year-ago month
  • 既存店売上高（4月）104 % of the year-ago month
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • 既存店客数（2月）102.3 % of the year-ago month
  • 既存店客数（3月）107 % of the year-ago month
  • 既存店客数（4月）99.2 % of the year-ago month
  • 既存店客単価（2月）105.4 % of the year-ago month
  • 既存店客単価（3月）115.6 % of the year-ago month
  • 既存店客単価（4月）104.8 % of the year-ago month
Market Size / Share
  • 電動アシスト車の売上構成比（当社）59 %
  • 電動アシスト車の売上構成比（業界全体）39 %
  • 電動アシスト車売上成長率（当社、3期CAGR）20 %
  • 電動アシスト車売上成長率（業界全体、3期CAGR）6 %
Number of stores and locations
Number of Stores at Period-End126 stores
Breakdown直営120店、FC6店
Openings and closures during the period出店2店、退店0店
Number of employees
Number of Employees698 people
Reference date2024年1月末時点
Annual Dividend
Annual dividend per share¥37
Payout ratio
Rate20 %
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period Covered2025年1月期 第1四半期
Net Sales¥5,316 million (YoY +21.1%)
Operating profit¥553 million (YoY +50.2%)
Ordinary income¥548 million (YoY +47.0%)
Net income¥365 million (YoY +49.3%)
Gross Profit Margin41.6 %
Operating profit margin10.4 %
Selling, general and administrative expenses¥1,659 million
Results for the three months of the current quarterNet Sales ¥5,316 million / Gross profit ¥2,213 million / Operating profit ¥553 million / Ordinary income ¥548 million / Quarterly net income ¥365 million
Full-year earnings forecastNet Sales ¥17,059 million / Operating profit ¥827 million / Ordinary income ¥840 million / Net income for the current fiscal year ¥505 million / Number of stores 144 stores
Progress against full-year forecastNet Sales 31.2 % / Operating profit 66.8 % / Ordinary income 65.3 % / Net income for the current fiscal year 72.2 %
Self-assessment against the plan概ね計画通りに進んでおります
Breakdown of Factors Affecting the Changeコロナ禍からの回復、上場感謝祭、PB電動アシスト車の販売好調、既存店売上高増加、人件費増加、採用コスト増加、地代家賃増加、広告宣伝費減少、租税公課増加、その他
Key KPIsIndicator name Private-label sales ratio / Value 33.1 % / Year on year against the same period last year 前年1Q 31.8%, Indicator name 既存店売上高（2月） / Value 107.8 % of the year-ago month, Indicator name 既存店売上高（3月） / Value 123.6 % of the year-ago month, Indicator name 既存店売上高（4月） / Value 104 % of the year-ago month
Unit price and quantity metricsIndicator name 既存店客数（2月） / Value 102.3 % of the year-ago month, Indicator name 既存店客数（3月） / Value 107 % of the year-ago month, Indicator name 既存店客数（4月） / Value 99.2 % of the year-ago month, Indicator name 既存店客単価（2月） / Value 105.4 % of the year-ago month, Indicator name 既存店客単価（3月） / Value 115.6 % of the year-ago month, Indicator name 既存店客単価（4月） / Value 104.8 % of the year-ago month
Number of stores and locationsNumber of Stores at Period-End 126 stores / Breakdown 直営120店、FC6店 / Openings and closures during the period 出店2店、退店0店
Number of employeesNumber of Employees 698 people / Reference date 2024年1月末時点 / Changes during the period and hiring plan Not disclosed
Assumptions Underlying the Business OutlookItem New stores / Value 20店舗（上期7店、下期13店）, Item Selling price / Value Maintained, Item Exchange rate / Value ¥145 145 per US dollar, Item 重要な特別損益 / Value 発生予定なし
Annual DividendAnnual dividend per share ¥37
Payout ratioRate 20 %
Market Size / ShareIndicator name 電動アシスト車の売上構成比（当社） / Value 59 %, Indicator name 電動アシスト車の売上構成比（業界全体） / Value 39 %, Indicator name 電動アシスト車売上成長率（当社、3期CAGR） / Value 20 %, Indicator name 電動アシスト車売上成長率（業界全体、3期CAGR） / Value 6 %
New initiatives第1四半期にPB商品7車種を新発売・リニューアル, ダイワサイクルさいたま新都心店、ダイワサイクル芦屋店を出店
Items this document does not state (8)
Segment resultsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders 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.

コロナ禍からの回復、上場感謝祭の好調、PB電動アシスト車の販売好調、既存店売上高の増加が増収増益の理由として挙げられている。出店に伴う人件費・採用コストは増加したが、既存店売上の好調により営業利益率は上昇した。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Presentation Materials on Financial Results for the First Quarter of the Fiscal Year Ending January 2025 | DAIWA CYCLE CO.,LTD. (5888) timely disclosure | Komori