Bike Oh & Company Co., Ltd. (TSE: 3377), Japan's leading specialist in buying and reselling used motorcycles through its nationwide "Bike Oh" purchasing and retail network, reported first-half results for the six months to May 31, 2026. Under Japanese GAAP, consolidated revenue rose 4.9% to ¥19.60 billion. Operating profit fell 18.0% to ¥262 million, but ordinary profit edged up 0.3% to ¥433 million and interim net profit attributable to owners jumped 83.0% to ¥339 million. EPS was ¥23.77, up from ¥13.20.
Sales grow, operating margin dips
Revenue rose on firm used-motorcycle demand and higher purchasing volumes, while operating profit eased as costs and investment weighed. Ordinary profit held roughly flat with the help of non-operating items, and net profit jumped on the bottom line.
Balance sheet and dividend
Total assets were ¥13.67 billion, net assets ¥7.32 billion and the equity ratio 53.6%. The company declared an interim dividend of ¥5.50 and guides a full-year dividend of ¥11.00 (¥5.50 interim plus ¥5.50 year-end), unchanged from a year earlier.
Outlook
For the full year to November 2026, Bike Oh guides revenue of ¥38.70 billion (+0.3%), operating profit of ¥710 million (+21.2%), ordinary profit of ¥910 million (+9.7%) and net profit of ¥570 million (+74.2%), for EPS of ¥39.92 — with the first-half net result already covering a large share of the annual target.
| Metric | H1 FY11/26 | H1 FY11/25 | YoY |
|---|---|---|---|
| Revenue (¥m) | 19,595 | 18,671 | +4.9% |
| Operating profit (¥m) | 262 | 320 | −18.0% |
| Ordinary profit (¥m) | 433 | 431 | +0.3% |
| Interim net profit (¥m) | 339 | 185 | +83.0% |
| EPS (¥) | 23.77 | 13.20 | +80.1% |
| Equity ratio | 53.6% | 53.8% | −0.2pp |
| FY11/26 OP guidance (¥m) | 710 | 586 | +21.2% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.