Overview
Retail Trade

DAIWA CYCLE CO.,LTD.

DAIWA CYCLE operates a chain of large-format specialty bicycle retail stores primarily located in suburban roadside locations across the Kansai, Kanto, and Chubu regions of Japan. The company sells bicycles (including electric-assist, sports, and general-use models), parts, and accessories under both national brands and its own private-label products, complemented by repair, maintenance, and after-sales services including a distinctive mobile on-site repair service. As of January 2025, the company operates 134 domestic stores (128 directly managed, 6 franchise) and an e-commerce platform, with bicycles accounting for approximately 74% of net sales of approximately ¥18.3 billion.

Market Cap
¥7.27B
US$46.4M
EV
¥5.42B
US$34.6M
Stock¥2,636▼-0.38%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.4
x
LTM EV/EBIT
3.9
x
LTM PER
7.8
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-50.8%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jun 15, 26Q1 FY2027/01 earnings announced
MC → EV Bridge
7.27BUS$46.4MMarket Cap0.00BUS$0.00M+ Debt0.85BUS$5.43M− Cash1.00BUS$6.38M− Inv. Sec.5.42BUS$34.6MEV
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Performance & Balance
Revenue 5Y (¥B)
15.3US$97.8M'24/118.3US$117M'25/121.1US$135M'26/1
EBITDA 5Y (¥B)
0.94US$6.03M'24/11.54US$9.83M'25/11.61US$10.2M'26/1
Net Income 5Y (¥B)
0.50US$3.20M'24/10.90US$5.73M'25/10.95US$6.05M'26/1
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.68US$10.7M'24/12.22US$14.2M'25/11.52US$9.68M'26/1
Shareholders
Top 10 hold 83.1%
1
WAKUMOTO Co., Ltd.
50.75%
2
Yoshio WAKUMOTO
14.50%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
4.77%
4
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
2.10%
5
Tomohiro YOSHIDA
2.08%
6
RE FUND 107-CLIENT AC (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.04%
7
Custody Bank of Japan, Ltd. (Trust Account)
1.93%
8
GMO CLICK Securities, Inc.
1.90%
9
Employee Stock Ownership Association
1.71%
10
Nomura Securities Co., Ltd.
1.36%
Management
8 officers
Yoshio WAKUMOTO
Representative Director, President
Jun 1994 Joined Naniwa Co., Ltd. (currently Cycle Land Naniwa Co., Ltd.) Oct 1997 Joined the Company Oct 1998 Director of the Company Feb 2006 Representative Director, President of the Company (current)
1974-10-31
Yuji SAITO
Director, General Manager of Administration Headquarters
Apr 2001 Joined Fuji Research Institute Corporation (currently Mizuho Bank, Ltd.) Oct 2002 Joined Infotec Co., Ltd. Feb 2010 Joined Azsa LLC (currently Azsa LLC, limited liability) Mar 2013 Registered as Certified Public Accountant Aug 2014 General Manager, General Affairs Department of the Company May 2017 General Manager, Administration Headquarters of the Company Oct 2020 Director, General Manager of Administration Headquarters of the Company (current)
1979-02-26
Yoichi KANEKO
Director, General Manager of Product & Marketing Headquarters
Apr 2009 Joined Kobayashi Pharmaceutical Co., Ltd. Jan 2016 General Manager, Sales Division of the Company Jan 2018 General Manager, Sales Planning Department of the Company Oct 2020 Director, General Manager of Sales Headquarters of the Company Feb 2024 Director, General Manager of Product & Marketing Headquarters of the Company (current)
1982-02-14
Ryota ITO
Director, General Manager of Sales Headquarters
Mar 2010 Joined the Company Feb 2021 Sales Department Manager, Sales Headquarters of the Company Jan 2023 General Manager, West Japan Sales Department, Sales Headquarters of the Company Feb 2024 General Manager, Sales Headquarters of the Company Apr 2024 Director, General Manager of Sales Headquarters of the Company (current)
1987-07-28
Shuzo OKUBO
Director
Apr 1980 Joined Marubeni Corporation Apr 1994 Joined Sumitomo Business Consulting Co., Ltd. (currently Japan Research Institute, Ltd.) May 2021 Director of the Company (current)
1958-02-10
Yasushi NAGAI
Full-time Audit & Supervisory Board Member
Apr 1987 Joined Nikkan Sumimaru Securities Co., Ltd. (currently Mizuho Securities Co., Ltd.) Oct 2001 Joined ASICS Trading Co., Ltd. Nov 2007 Joined Mizuho Investors Securities Co., Ltd. (currently Mizuho Securities Co., Ltd.) Aug 2016 Audit & Supervisory Board Member, Daisen System Service Co., Ltd. Mar 2018 Audit & Supervisory Board Member, Kairikiya Co., Ltd. Sep 2020 Audit & Supervisory Board Member of the Company (current) Mar 2026 Outside Director (Audit and Supervisory Committee Member), Kairikiya Co., Ltd. (current)
1963-04-21
Mitsunori WAKAYAMA
Audit & Supervisory Board Member
Oct 2004 Registered as attorney-at-law Oct 2004 Joined Ohara Law Office (currently Ohara Furukawa Law & Patent Office) Jan 2010 Established Wakayama Sogo Law Office (current) Jan 2020 Audit & Supervisory Board Member of the Company (current)
1971-10-20
Masayuki YAMAGUCHI
Audit & Supervisory Board Member
Oct 2000 Joined Audit Corporation Ota Showa Century (currently EY ShinNihon LLC) May 2003 Registered as Certified Public Accountant Jan 2008 Joined Yamaguchi Tadayoshi Tax Accountant Office Mar 2008 Registered as Certified Tax Accountant Aug 2009 Partner Tax Accountant, Ryochi Tax Accountant Corporation Feb 2016 Director, TM Kousan Co., Ltd. (current) Jun 2016 Audit & Supervisory Board Member, Daisen System Service Co., Ltd. Dec 2017 Representative, Ryochi Tax Accountant Corporation (current) Oct 2018 Auditor, Tajima Kokichi Memorial Foundation (current) Apr 2021 Audit & Supervisory Board Member of the Company (current)
1972-04-14
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-14
Semi-Annual Securities Report
Period: Feb 2026 – Jan 2027
TDnet
2026-09-14
Q2 Earnings Flash
FY ending Jan 2027
TDnet
2026-06-12
Q1 Earnings Flash
FY ending Jan 2027
EDINET
2026-04-23
Annual Securities Report
Period: Feb 2025 – Jan 2026
TDnet
2025-12-15
Q3 Earnings Flash
FY ending Jan 2026
EDINET
2025-09-12
Semi-Annual Securities Report
Period: Feb 2025 – Jan 2026
TDnet
2025-06-12
Q1 Earnings Flash
FY ending Jan 2026
EDINET
2025-04-25
Annual Securities Report
Period: Feb 2024 – Jan 2025
TDnet
2024-12-16
Q3 Earnings Flash
FY ending Jan 2025
EDINETAmended
2024-10-23
Amended Annual Securities Report
Period: Feb 2023 – Jan 2024
EDINET
2024-09-13
Semi-Annual Securities Report
Period: Feb 2024 – Jan 2025
TDnet
2024-06-14
Q1 Earnings Flash
FY ending Jan 2025
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-04-26
Annual Securities Report
Period: Feb 2023 – Jan 2024
EDINET
2023-12-15
Quarterly Securities Report
Period: Aug 2023 – Oct 2023
EDINETAmended
2023-10-27
Amended Securities Registration Statement
EDINETAmended
2023-10-20
Amended Securities Registration Statement
EDINET
2023-10-05
Securities Registration Statement
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