TOKYO, Apr 27 (Pulse News Wire) – Daiwa Cycle CO.,LTD. (5888.T) reported revenue of ¥21.1 billion and total costs of 95.2%.
The company's growth strategy includes expanding its store network to reach 200 stores, focusing on urban micro-districts and enhancing electric-assist bicycle sales. In the past fiscal year, DAIWA CYCLE achieved significant progress in its expansion plans, adding 20 new stores across Japan.
The company aims to maintain a robust presence in Osaka, where it holds a growing market share of 50%, and is now targeting increased penetration in the greater Tokyo area. Additionally, DAIWA CYCLE highlighted its strong customer loyalty programs and comprehensive after-sales services, which contribute to sustained growth in existing stores.
The company also emphasized the importance of developing private brand bicycles and maintaining high standards in service quality to support future growth initiatives.
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