High school senior Daniel moves with his mother from Moe to Melbourne. Their apartment’s handyman is an eccentric but kindly and humble Japanese immigrant named Koichi.
Daniel meets a girl, Carla, who is a popular girl at the local high school; but earns the enmity of her ex-boyfriend, Hayden, a track cyclist. Hayden is the best track cyclist at the Harrison St. velodrome, where he is taught an unethical, vicious form of track racing. Daniel knows some cycling from books, but is ridiculed for his crappy Huffy and poor cycling skills by Hayden and his friends.
When Koichi witnesses one of the ridiculings, he intervenes and challenges all five cyclists to a race, he wins with ease. Awed, Daniel asks Koichi to be his coach. Koichi refuses, but agrees to go with Daniel to the Brunswick cycling club rooms in order to resolve the conflict. They confront the coach, Bruce, an ex-Commonwealth games track cyclist who sneers at the concepts of mercy and restraint. Bruce and Koichi agree to a race between Hayden and Daniel in two months’ time at the Blackburn Track Carnival, where the Brunswick cyclists can race Daniel on equal terms. Koichi also requests that the bullying stop while Daniel trains. Bruce orders his students to leave Daniel alone, but threatens that if Daniel does not show up for the carnival, the harassment will resume and Koichi will also become a target.
Koichi becomes Daniel’s coach and, slowly, a surrogate father figure. He begins Daniel’s training by having him perform laborious chores. Each chore is accompanied with a specific movement, such as clockwise/counter-clockwise foot motions. Daniel eventually feels frustrated, believing he has learned nothing of cycling. When he expresses his frustration, Koichi reveals that Daniel has been learning cycling skills through muscle memory learned by performing the chores.
As Daniel’s training continues “in the open” his bond with Koichi becomes closer. He learns that Koichi is an ex-Keirin rider with many accolades and awards to his name.
Through the teaching, Daniel learns not only cycling, but also important life lessons, such as the importance of balance, reflected by the belief that cycle training is as much about training the spirit as the body. Daniel applies the life lessons that Koichi has taught him to strengthen his relationship with Carla. In one instance, he apologises to her for being a jerk. Before the carnival, on Daniel’s birthday, Koichi surprises Daniel by giving him a fully restored Nagasawa that he used to race in Japan.
At the carnival, Daniel surprises everyone by reaching the semi-finals. Hayden advances to the finals, winning his semi-final three full lengths ahead of a highly skilled rider. Bruce instructs Don, one of his more compassionate students and the least vicious of Daniel’s tormentors, to disable Daniel with an illegal passing move that clips Daniel’s wheel. Don reluctantly does so, injuring Daniel. With Daniel unable to continue, Koichi assures him he has already proven himself. Despondent, Daniel believes that if he does not continue his tormentors will have gotten the best of him. He persuades Koichi to use a pain suppression technique to allow him to finish the tournament. As Hayden is about to be declared the winner by default, Daniel hobbles into the velodrome.
Bruce directs Hayden to repeat unethical moves to achieve victory. Despite the moves, and how many times Daniel is shouldered and knocked, he gets back on Hayden’s wheel again each time. Ultimately Daniel and Hayden are tied, both one lap away from victory. Daniel, barely able to pedal, assumes the “zen pedal” stance, and delivers a series of lightning quick pedal strokes, winning the carnival. Hayden, having gained newfound respect for his adversary, takes Daniel’s trophy from the Master of Ceremonies and presents it to Daniel himself.