Takara Standard (7981) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended December 2025 rose 4.5% year-over-year to ¥192.6 billion, with operating profit up 25.4% to ¥16.1 billion and profit attributable to owners up 40.4% to ¥12.7 billion.

• Growth was driven by strong performance in new construction, both detached houses and multi-family housing, and significant cost control measures.

• Comprehensive income increased 42.2% year-over-year to ¥13.6 billion for the nine-month period.

• Full-year forecasts for FYE3/2026 were revised upward, with net sales expected to reach ¥251.0 billion (+3.1% YoY) and operating profit ¥17.8 billion (+13.8% YoY).

Financial highlights

• Gross profit increased to ¥68.6 billion from ¥63.9 billion year-over-year, with gross margin improving to 35.6% from 34.7% YoY.

• Ordinary profit reached ¥16.7 billion, up from ¥13.2 billion year-over-year.

• Basic earnings per share for the nine months was ¥193.78, up from ¥132.72 in the prior year.

• Total assets as of December 31, 2025, were ¥278.4 billion, with net assets at ¥191.3 billion and an equity ratio of 68.7%.

• Q3 net sales and profits exceeded last year despite a high benchmark set by pre-revision demand in the prior year.

Outlook and guidance

• Full-year net sales forecast revised to ¥251.0 billion (+3.1% YoY), operating profit to ¥17.8 billion (+13.8% YoY), and profit attributable to owners to ¥13.6 billion (+22.6% YoY).

• Ordinary profit for the full year is projected at ¥18.3 billion (+14.3% YoY).

• Basic earnings per share for the full year is forecast at ¥202.25.

• ROE target for the year is 7.0%, progressing toward a medium-term goal of 8.0%.

• Q4 net sales expected to decline due to regulatory changes, but market share expansion and higher prices are anticipated to support results.