Takara Standard (7981) Q4 2026 earnings summary

Executive summary

• Net sales reached ¥252.7B (+3.9% YoY) and operating profit ¥19.0B (+22.1% YoY) for FYE Mar. 2026, with profit attributable to owners of parent at ¥15.0B (+35.9% YoY).

• Growth was driven by strong performance in both new construction and remodeling markets.

• Market share expanded, especially in kitchens (30% share, 1st in Japan), with shipment volumes outpacing industry levels.

• Comprehensive income grew 48.8% YoY to ¥18,932 million.

• Medium-term targets were revised upward, with FYE Mar. 2027 net sales forecast at ¥260.0B (+2.9% YoY) and operating profit at ¥20.8B (+9.0% YoY).

Financial highlights

• Gross profit rose to ¥90.1B (+6.7% YoY), with gross margin improving to 35.7%.

• Ordinary profit climbed 22.9% to ¥19,677 million YoY.

• Basic earnings per share increased to ¥231.89 from ¥163.15 YoY.

• All product categories saw sales growth: kitchens ¥154.7B (+3.8%), bathrooms ¥58.7B (+5.3%), washstands ¥30.5B (+6.5%).

• Total assets rose to ¥285,152 million, and net assets to ¥196,325 million as of March 31, 2026.

Outlook and guidance

• FYE Mar. 2027 forecasts: net sales ¥260.0B (+2.9% YoY), operating profit ¥20.8B (+9.0% YoY), profit attributable to owners of parent ¥15.4B (+2.2% YoY), and ROE 8.0%.

• Continued focus on expanding market share, price increases, and product upgrades in both new construction and remodeling.

• Dividend to increase to ¥124/share (payout ratio 50%), with share buybacks planned to maintain a total shareholder return ratio of ~130%.

• Earnings forecasts do not factor in potential impacts from Middle East tensions or material procurement risks.