BIKE O extends winning streak to four sessions after raising FY2026 earnings forecast on firm auction market
BIKE O & COMPANY Ltd. <3377> extended its winning streak to four straight sessions, hitting a new year-to-date high. The gains came after BIKE O & COMPANY raised its consolidated earnings forecast for the fiscal year ending Nov 2026 after market close on Sep 30, lifting its revenue guidance to 38.8 billion yen from 38.7 billion yen (up 0.6% year-on-year), operating profit to 860 million yen from 710 million yen (up 47.0% year-on-year), and net profit to 750 million yen from 570 million yen (2.3 times the prior-year level).
The upward revision reflects several positive developments, including procurement base stabilization driven by marketing initiatives that secured steady customer touchpoints, alongside efforts to strengthen sales management and improve sales processes. Additionally, a continued firm auction market enabled BIKE O to procure high-quality vehicles. On the sales front, wholesale unit sales are expected to trend toward recovery as a result of sales efforts maintained at appropriate inventory levels. Furthermore, amid supportive auction market conditions, per-unit vehicle selling prices and average gross profit margins are expected to remain elevated, boosting profitability.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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