Daiwa Cycle Co.,Ltd. has completed an IPO in the amount of ¥1.288 billion.

Daiwa Cycle Co Ltd is a Japan-based company sells bicycles and bicycle parts and accessories, and provides bicycle maintenance and repair services, primarily at its stores. The Company operates its business through the Bicycle-Related Sales segment. The Company sells bicycles, including general-purpose, infant/child, sports, and electrically power assisted bicycles, as well as parts and accessories, including baskets, batteries, tires, helmets, and other items. The Company also provides various maintenance, repair, and other ancillary services, as well as long-term warranty services. In addition to directly managed stores, the Company sells directly to customers through franchise stores and e-commerce.