Daiwa CycleDAIWA CYCLE CO.,LTD.5888東証グロース小売業FY ending Jan 2026, non-consolidated, J-GAAP
Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +15.0% from the prior year, operating profit +3.0%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2023 | 3.2% | 2.37× | 7.5% | 1.72× | 12.9% |
| 2024 | 3.3% | 2.38× | 7.8% | 1.62× | 12.6% |
| 2025 | 4.9% | 2.30× | 11.3% | 1.55× | 17.5% |
| 2026 | 4.5% | 2.32× | 10.4% | 1.53× | 16.0% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
| Item | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 |
|---|---|---|---|---|
| Revenue | 13,091 | 15,340 | 18,349 | 21,107 |
| Cost of revenue | 7,358 | 8,608 | 10,208 | 11,906 |
| Gross profit | 5,733 | 6,732 | 8,141 | 9,200 |
| SG&A | 5,171 | 5,935 | 6,765 | 7,784 |
| Operating income | 562 | 797 | 1,376 | 1,416 |
| Pretax income | 593 | 791 | 1,362 | 1,435 |
| Income tax | 179 | 290 | 464 | 486 |
| Net income attributable to owners | 414 | 501 | 898 | 949 |
| Operating margin | 4.3% | 5.2% | 7.5% | 6.7% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 |
|---|---|---|---|---|
| Cash and equivalents | ¥501.9M | ¥1.68B | ¥2.22B | ¥1.52B |
| Total assets | ¥5.52B | ¥7.37B | ¥8.59B | ¥9.58B |
| Net assets | ¥3.22B | ¥4.75B | ¥5.53B | ¥6.31B |
| Share capital | ¥10M | ¥549.6M | ¥555.4M | ¥562.2M |
| Property, plant and equipment | ¥711.6M | ¥869.8M | ¥998.9M | ¥1.32B |
| Intangible assets excluding goodwill | ¥87.1M | ¥103.3M | ¥74.2M | ¥44.7M |
| Current assets | ¥3.65B | ¥5.16B | ¥6.13B | ¥6.59B |
| Current liabilities | ¥2.24B | ¥2.54B | ¥2.98B | ¥3.18B |
| Total liabilities | ¥2.3B | ¥2.61B | ¥3.06B | ¥3.27B |
| Equity attributable to owners of parent | ¥3.22B | ¥4.75B | ¥5.53B | ¥6.31B |
| Retained earnings | ¥3.21B | ¥3.67B | ¥4.43B | ¥5.2B |
| Treasury stock | — | — | — | -¥339K |
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