DAIWA CYCLE CO.,LTD.
5888・Growth Market・Retail Trade
Governance
Company with a Board of Corporate Auditors (5 directors, of which 1 outside; 3 corporate auditors, all outside). Established a voluntary Nomination and Compensation Committee chaired by an independent outside director, along with a Risk and Compliance Committee and a Sustainability Committee. The accounting auditor is KPMG AZSA LLC.
Risk Management
The company has established the "Risk Management Regulations" and conducts management and analysis using a risk management checklist at the Risk and Compliance Committee, which meets once per quarter. The Sustainability Committee identifies and evaluates sustainability-related risks at least once a year, and a monitoring framework has been built to coordinate with the Board of Directors. The company has also put in place measures to mitigate legal risk, including an internal whistleblowing system and cooperation with its retained law firm.
Shareholder Returns
The annual dividend forecast for FY2027 (ending January 2027) is ¥73 per share (an increase of ¥3 from ¥70 in the previous period). A year-end lump-sum dividend is planned, with ¥0 at the second-quarter end and ¥73 at year-end. Both the earnings forecast and dividend forecast remain unchanged from the most recently announced figures.
Dividend Policy
The dividend forecast for FY2027 (ending January 2027) is ¥73 per share (¥0 at the second-quarter end, ¥73 at year-end). This represents an increase of ¥3 from the previous period's actual of ¥70. There has been no revision from the earnings forecast. The company maintains a framework allowing for interim dividends under its Articles of Incorporation.
ESG
Identified materiality issues: (1) reducing environmental burden including climate change, (2) contributing to local communities through bicycles, (3) securing and developing diverse human resources, and (4) building a sustainable management foundation. In terms of human capital, quantitative targets have been set, including expanding female hiring, achieving an 85.7% male childcare leave uptake rate, and having 430 certified staff, with target management being implemented toward FY2028 (ending January 2028).
Last updated: April 23, 2026