TSUKADA GLOBAL HOLDINGS Inc.
2418・Standard Market・Services
Wedding Business
The group's largest segment, operating guesthouses and overseas wedding ceremonies both domestically and internationally
| Period | Current | Previous | Change |
|---|---|---|---|
| External customer sales (Q1) | ¥8,099 million | ¥8,410 million | ↓ |
| Segment profit (Q1) | ¥805 million | ¥980 million | ↓ |
| Segment profit margin (Q1) | 9.9% | 11.7% | ↓ |
| Number of weddings performed - Wedding Business (Q1) | 1,796 events | 2,028 events | ↓ |
| Number of wedding orders received - Wedding Business (Q1) | 2,558 events | 2,761 events | ↓ |
| Order backlog - Wedding Business (end of Q1) | 6,429 events | 5,667 events (end of FY2025, ending December 2025) | ↑ |
| External customer sales (full year, prior year results) | ¥38,800 million | — | — |
| Segment profit (full year, prior year results) | ¥7,314 million | — | — |
| Number of weddings performed - Wedding Business (full year, prior year results) | 9,387 events | — | — |
Business Details
The company plans and operates wedding ceremonies and receptions primarily at guesthouses in major domestic cities, also providing catering, dress rental, beauty, and photography services. Overseas, it operates local wedding facilities in Hawaii (Best Bridal Hawaii, Inc.), Bali (PT. Tirtha Bridal), and the Philippines (Gloria Bridal Services, Inc.). Subsidiaries such as Best Bridal Co., Ltd., Best Hospitality Network Co., Ltd., and Best-Anniversary Co., Ltd. are responsible for domestic store operations and wedding execution. In the first quarter of FY2026 (ending December 2026), external customer sales were ¥8,099 million, accounting for approximately 47% of the group's total sales.
Recent Overview
Number of weddings performed declined 11.4% due to store closures and renovation-related closures; both sales and profit decreased
In the first quarter of FY2026 (ending December 2026), while the per-event unit price for weddings continued to recover gradually, the number of weddings performed declined significantly to 1,796 events (down 11.4% year on year) due to the impact of store closures and temporary closures for large-scale renovations. In addition, rising energy costs and raw material prices pressured profits, resulting in sales of ¥8,099 million (down 3.7% year on year) and segment profit of ¥805 million (down 17.8% year on year). On the other hand, the order backlog increased to 6,429 events, exceeding the level at the end of the previous fiscal year (5,667 events), indicating continued accumulation of orders for future execution.
Key Products
Growth Drivers
- Continued gradual recovery in per-event unit prices for weddings, boosting per-customer spending
- Effects of promoting in-house production of wedding-related materials and company-wide cost reduction measures
- Improvement in the profit structure through the closure and withdrawal of unprofitable stores
- Diversification of the order base through expansion of wedding planning and operation services and strengthening of photo wedding store openings
- Stabilization of the customer acquisition rate through renovation of existing facilities based on an area-share strategy focused on major metropolitan areas
- Increase in order backlog compared to the end of the previous fiscal year (from 5,667 events to 6,429 events), laying the groundwork for a future recovery in the number of weddings performed
Risks
- Structural contraction of the wedding market due to a nationwide decline in the number of marriages and the declining birthrate
- Decline in the number of weddings performed and orders received due to continued temporary closures from store closures and large-scale renovations (1,796 events performed in Q1 of FY2026, ending December 2026, down 11.4% year on year)
- Sluggish demand for overseas wedding ceremonies due to exchange rate fluctuations (delayed recovery in the number of Japanese travelers)
- Cost pressure from persistently high raw material prices, including energy costs and subcontracting expenses
- Increased cost of maintaining service quality due to rising labor costs and difficulty securing personnel
- Downward pressure on operating profit margin due to an increase in selling, general and administrative expenses (from ¥4,872 million in the same quarter of the previous year to ¥5,554 million in the current quarter)
Last updated: March 25, 2026