# Daiwa Cycle vs Shimano

> Unit: JPY millions (ratios in %)
> Periods: Daiwa Cycle = FY ending Jan 2026, non-consolidated, J-GAAP / Shimano = FY ending Dec 2025, consolidated, J-GAAP
> Retrieved: 2026-09-30T19:06:01.292Z

| Metric | Daiwa Cycle | Shimano |
| --- | ---: | ---: |
| Revenue | 21,107 | 466,243 |
| Operating income | 1,416 | 51,677 |
| Net income | 949 | 33,991 |
| COGS ratio | 56.4% | 64.3% |
| Operating margin | 6.7% | 11.1% |
| Net margin | 4.5% | 7.3% |
| FCF margin | 1.2% | 3.9% |
| Period | FY ending Jan 2026 | FY ending Dec 2025 |
| Source | S100Y0CE | S100XQSE |

## 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 | Daiwa Cycle | Shimano |
| --- | ---: | ---: |
| Revenue growth | 83.3 (3 peers) | 50 (3 peers) |
| Profitability | 62.5 (4 peers) | 87.5 (4 peers) |
| Cash conversion | 12.5 (4 peers) | 62.5 (4 peers) |
| Efficiency | 87.5 (4 peers) | 12.5 (4 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/daiwa-cycle/md
- https://vizora.meequs.com/en/company/shimano/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).