# Asahi vs Daiwa Cycle vs Shimano vs Yamaha Motor

> Unit: JPY millions (ratios in %)
> Periods: Asahi = FY ending Feb 2026, non-consolidated, J-GAAP / Daiwa Cycle = FY ending Jan 2026, non-consolidated, J-GAAP / Shimano = FY ending Dec 2025, consolidated, J-GAAP / Yamaha Motor = FY ending Dec 2025, consolidated, IFRS
> Retrieved: 2026-09-30T18:29:21.142Z

| Metric | Asahi | Daiwa Cycle | Shimano | Yamaha Motor |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 81,375 | 21,107 | 466,243 | 2,534,203 |
| Operating income | 3,938 | 1,416 | 51,677 | 126,373 |
| Net income | 2,269 | 949 | 33,991 | 16,109 |
| COGS ratio | 52.3% | 56.4% | 64.3% | 69.0% |
| Operating margin | 4.8% | 6.7% | 11.1% | 5.0% |
| Net margin | 2.8% | 4.5% | 7.3% | 0.6% |
| FCF margin | 5.3% | 1.2% | 3.9% | 1.0% |
| Period | FY ending Feb 2026 | FY ending Jan 2026 | FY ending Dec 2025 | FY ending Dec 2025 |
| Source | S100Y2X4 | S100Y0CE | S100XQSE | S100YTNF |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Asahi | Daiwa Cycle | Shimano | Yamaha Motor |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 16.7 (3 peers) | 83.3 (3 peers) | 50 (3 peers) | — |
| Profitability | 12.5 (4 peers) | 62.5 (4 peers) | 87.5 (4 peers) | 37.5 (4 peers) |
| Cash conversion | 87.5 (4 peers) | 12.5 (4 peers) | 62.5 (4 peers) | 37.5 (4 peers) |
| Efficiency | 62.5 (4 peers) | 87.5 (4 peers) | 12.5 (4 peers) | 37.5 (4 peers) |
| Financial strength | — | — | — | — |

## Company details

- https://vizora.meequs.com/en/company/asahi/md
- https://vizora.meequs.com/en/company/daiwa-cycle/md
- https://vizora.meequs.com/en/company/shimano/md
- https://vizora.meequs.com/en/company/yamaha-motor/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).