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
162
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateWhat happened to the previous plan¥551 million → ¥389 million（-29.4%）-29.4%Calculated from the two disclosed figures
Total investment planAmount ¥1,051 million / Subject 2025年1月期から2027年1月期まで
Investment amount by sectorField Capital expenditures for opening new stores / Amount ¥1,051 million
Key initiatives
01Strengthening the Growth Platform
02Build a network of 200 stores
03Expand urban-format stores through a micro-dominant strategy
04Strengthening the Earnings Base
05Further strengthen the development of private-label bicycles
06Strengthen sales of electric-assist bicycles
07Capture further growth opportunities through partnership strategies
Non-financial targetsIndicator Store count / Target value Build a network of 200 stores over the medium term / Timing Medium term, Indicator Annual store openings / Target value 年15店以上のペースへ出店加速 / Timing From the next fiscal year onward
Size of the Target Market自転車小売市場規模3,726億円（自転車2,794億円、パーツ・修理・サービス他931億円）。出所：経済産業省「生産動態統計」、財務省「貿易統計」、一般財団法人自転車産業振興協会「自転車購入動向調査2022年4月~6月、2022年7月~12月」
Risks identified by the company
Item Risks related to new store openings / Likelihood Medium / Impact High
Item Risks related to foreign exchange fluctuations / Likelihood Medium / Impact Medium
Item Risks related to rising raw material prices / Likelihood Medium / Impact Medium
Item Seasonal concentration of business performance / Likelihood High / Impact Medium
Reason for revision or withdrawal
新規店舗出店が予定どおり進行しなかったこと等を鑑み、2025年3月17日に支出予定時期の変更を開示
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Progress against the plan | Annual update |
| Total investment plan | Amount ¥1,051 million / Subject 2025年1月期から2027年1月期まで |
| Investment amount by sector | Field Capital expenditures for opening new stores / Amount ¥1,051 million |
| Non-financial targets | Indicator Store count / Target value Build a network of 200 stores over the medium term / Timing Medium term, Indicator Annual store openings / Target value 年15店以上のペースへ出店加速 / Timing From the next fiscal year onward |
| Key initiatives | Strengthening the Growth Platform, Build a network of 200 stores, Expand urban-format stores through a micro-dominant strategy, Strengthening the Earnings Base, Further strengthen the development of private-label bicycles, Strengthen sales of electric-assist bicycles, Capture further growth opportunities through partnership strategies |
| Results under the previous plan | ¥551 million → ¥389 million（-29.4%） |
| Reason for revision or withdrawal | 新規店舗出店が予定どおり進行しなかったこと等を鑑み、2025年3月17日に支出予定時期の変更を開示 |
| Size of the Target Market | 自転車小売市場規模3,726億円（自転車2,794億円、パーツ・修理・サービス他931億円）。出所：経済産業省「生産動態統計」、財務省「貿易統計」、一般財団法人自転車産業振興協会「自転車購入動向調査2022年4月~6月、2022年7月~12月」 |
| Risks identified | Item Risks related to new store openings / Likelihood Medium / Impact High, Item Risks related to foreign exchange fluctuations / Likelihood Medium / Impact Medium, Item Risks related to rising raw material prices / Likelihood Medium / Impact Medium, Item Seasonal concentration of business performance / Likelihood High / Impact Medium |
| Publication date | 25 April 2025 |
Items this document does not state (14)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceSegment targetPlan assumptionsDate of board resolution
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.新規店舗出店が予定どおり進行しなかったこと等を鑑み、支出予定時期を変更したとしている。また、出店体制を見直し、出店加速を図るとしている。
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.