TAKARA HOLDINGS INC.
2531・Prime Market・Foods
Takara Shuzo
Core operating company of Takara Holdings responsible for domestic alcoholic beverage and seasoning manufacturing and sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year) | ¥119,122 million | ¥119,663 million | ↓ |
| Operating profit (full year) | ¥5,729 million | ¥5,037 million | ↑ |
| Operating margin (full year) | 4.8% | 4.2% | ↑ |
| Gross profit (full year) | ¥30,174 million | ¥29,919 million | ↑ |
| SG&A expenses (full year) | ¥24,445 million | ¥24,881 million | ↓ |
| Depreciation and amortization (full year) | ¥3,029 million | ¥2,773 million | ↑ |
| Capital expenditures (full year) | ¥4,198 million | ¥4,135 million | ↑ |
Business Details
Takara Shuzo Co., Ltd. manufactures and sells a full range of domestic alcoholic beverages including shochu, sake, and low-alcohol beverages, as well as hon-mirin and other seasonings such as food seasonings, and industrial-use alcohol. The company is focused on improving profitability by raising the sales mix of key brands and strengthening food seasonings (dashi) for the expanding ready-to-eat (nakashoku) market. Company-wide cost reduction and more efficient SG&A spending enabled an increase in operating profit despite a slight decline in sales.
Recent Overview
Despite a slight decline in sales, operating profit rose substantially by 13.7% due to reduced SG&A expenses
In FY2026 (ending March 2026), net sales declined slightly to ¥119,122 million (down 0.5% year on year), while SG&A expenses were reduced to ¥24,445 million (down 1.8% year on year) through cuts in advertising and sales promotion expenses, among others. Gross profit also improved to ¥30,174 million (up 0.9% year on year), and operating profit rose substantially to ¥5,729 million (up 13.7% year on year). The strategy of improving profitability by raising the sales mix of key brands proved successful. For FY2027 (ending March 2027), despite anticipated cost increases for packaging materials and raw rice, the company expects a further increase in profit (forecast operating profit of ¥5,829 million) due to cost reduction measures and changes in sales mix.
Key Products
Growth Drivers
- Continued cultivation and expansion of key RTD brands such as "Takara Shochu Highball"
- Strengthening of hon-mirin and food seasoning (dashi) categories for the ready-to-eat market
- Improved profitability through raising the sales mix of key brands
- Earnings improvement through more efficient advertising and sales promotion spending
- Improvement in cost of sales ratio through company-wide cost reduction activities
- Cultivation of products for the non-alcohol market (such as "Takara Karakuchi Zero Ball")
Risks
- Long-term contraction of the domestic alcoholic beverage market due to Japan's aging and declining population and reduced alcohol consumption among younger generations
- Rising manufacturing costs due to higher costs for packaging materials and raw rice, among other inputs
- Continued increases in logistics costs
- Intensifying competition among domestic alcoholic beverage manufacturers
- Increasing costs to address environmental issues and excessive drinking concerns (from a sustainability management perspective)
Last updated: June 25, 2026