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DAIWA CYCLE, 6% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Increased Previous Year's Dividend by 2 Yen, This Fiscal Year to Increase Dividend by 3 Yen

Mon Mar 16, 2026 3:30 pm JST Earnings

5888 DAIWA CYCLE CO.,LTD. 【J-GAAP】

Earnings Report

DAIWA CYCLE CO.,LTD. <5888> [TSE Growth] announced its financial results after the market closed on March 16th (15:30). The ordinary profit (non-consolidated) for the fiscal year ended January 2026 increased by 3.5% from the previous period to 1.43 billion yen. For the fiscal year ending January 2027, the ordinary profit is expected to grow by 5.9% to 1.51 billion yen, marking the fourth consecutive term of record-high profits. This will be the eighth consecutive term of revenue and the fifth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 68 yen to 70 yen (compared to 66 yen in the prior term), and has decided to increase the dividend this fiscal year to 73 yen, an increase of 3 yen from the previous fiscal year.

In the most recent three-month period, from November to January (4Q), the ordinary profit decreased to 0.11 billion yen, a 14.0% decrease compared to the same period last year. The operating profit margin worsened from 3.1% in the same period last year to 2.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2024 15,339 797 804 501 232.1 49 Mar 18, 2024 J-GAAP
Jan, 2025 18,349 1,375 1,386 898 328.6 66 Mar 17, 2025 J-GAAP
Jan, 2026 21,106 1,416 1,434 948 345.4 70 Mar 16, 2026 J-GAAP
YoY +15.0% +3.0% +3.5% +5.6% +5.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2026 Guidance 20,586 1,389 1,408 930 338.4 68 Mar 17, 2025 J-GAAP
Jan, 2026 Results 21,106 1,416 1,434 948 345.4 70 Mar 16, 2026 J-GAAP
Revision Rate +2.5% +1.9% +1.8% +1.9% +2.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 11,045 896 911 574 209.4 0 Sep 12, 2025 J-GAAP
Feb - Jul, 2026 Guidance 12,637 843 857 555 201.2 0 Mar 16, 2026 J-GAAP
YoY +14.4% -5.9% -5.9% -3.3% -3.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 18,349 1,375 1,386 898 328.6 66 Mar 17, 2025 J-GAAP
Jan, 2026 21,106 1,416 1,434 948 345.4 70 Mar 16, 2026 J-GAAP
Jan, 2027 Guidance 24,293 1,490 1,519 1,006 364.8 73 Mar 16, 2026 J-GAAP
YoY +15.1% +5.2% +5.9% +6.1% +5.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2024 4,135 127 136 121 44.3 3.1 Mar 17, 2025 J-GAAP
Feb - Apr, 2025 6,200 611 630 414 151.1 9.9 Jun 12, 2025 J-GAAP
May - Jul, 2025 4,845 285 281 160 58.4 5.9 Sep 12, 2025 J-GAAP
Aug - Oct, 2025 5,111 406 406 264 96.2 7.9 Dec 15, 2025 J-GAAP
Nov - Jan, 2025 4,950 114 117 110 40.1 2.3 Mar 16, 2026 J-GAAP
YoY +19.7% -10.2% -14.0% -9.1% -9.5%

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