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Takara Holdings
Takara Holdings (2531) investor relations material
Takara Holdings Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary11 Nov, 2025
Executive summary
Group net sales increased 5.7% year-over-year to ¥186,556 million, led by Takara Shuzo Int'l Group's strong overseas alcoholic beverages and M&A in Japanese food wholesale, while Takara Shuzo and Takara Bio Group saw declines due to prior demand shifts and a weak life science market.
Operating income for the group decreased 26.1% year-over-year to ¥7,786 million, as gains in the overseas alcoholic beverages business were offset by higher SGA expenses, interest expenses, foreign exchange losses, and declines in other segments.
Net income attributable to owners of the parent fell 37.3%, impacted by impairment losses at Takara Bio Group, partial reversal of deferred tax assets, and lower operating income, despite extraordinary income from asset sales.
Compared to forecasts, all major segments underperformed in net sales, and group operating and net income were below expectations.
Financial highlights
Consolidated net sales: ¥186,556 million (+5.7% YoY), gross profit: ¥61,642 million (+4.9% YoY), operating income: ¥7,786 million (–26.1% YoY), net income attributable to owners: ¥1,491 million (–37.3% YoY).
Overseas operations (excluding Takara Bio Group) accounted for 62.6% of net sales, up from 58.5% YoY.
Takara Shuzo: Net sales ¥57,760 million (–6.8% YoY), operating income ¥2,465 million (–6.0% YoY).
Takara Shuzo Int'l Group: Net sales ¥103,889 million (+16.8% YoY), operating income ¥6,658 million (+2.6% YoY).
Takara Bio Group: Net sales ¥18,794 million (–4.9% YoY), operating loss ¥2,342 million.
Outlook and guidance
Group net sales for FY ending March 2026 forecast at ¥392,000 million (+8.1% YoY), operating income ¥16,200 million (–21.3% YoY), net income attributable to owners ¥11,100 million (–31.5% YoY); full-year forecasts were revised downward.
Takara Shuzo Int'l Group is projected to outperform previous forecasts, while Takara Shuzo and Takara Bio Group are expected to underperform due to weak sales and market stagnation.
Operating income for the group is projected to decrease, with Takara Bio Group expected to post an operating loss.
What drove Takara Bio Group's operating loss?
Assess Curio Bioscience acquisition's financial impact
Explain Takara Shuzo's improved operating income forecast
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Next Takara Holdings earnings date
Q3 202612 Feb, 2026
Takara Holdings
Next Takara Holdings earnings date
Q3 202612 Feb, 2026
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