ENVALITH
株式会社 テイクアンドギヴ・ニーズ logo

TAKE AND GIVE. NEEDS Co., Ltd.

4331・Prime Market・Services

Official website
株式会社 テイクアンドギヴ・ニーズ logo
TAKE AND GIVE. NEEDS Co., Ltd.4331

Business

Take and Give.Needs Co., Ltd. was founded in 1998 and is listed on the Prime Market of the Tokyo Stock Exchange. Centered on its Domestic Wedding Business, which operates directly-managed mansion-style wedding venues nationwide, the company vertically integrates a range of wedding-related services, including contracted operation of bridal departments for hotels and restaurants (Consulting Business), operation of the boutique hotel "TRUNK(HOTEL)" (TRUNK(HOTEL) Business), Bridal Loan (Finance/Credit Business), and honeymoon arrangement (Travel Business). In addition to domestic wedding couples as its main customer base, the company is expanding into the Inbound Wedding Business to capture inbound demand. Net sales for the fiscal period ended December 2025 (an irregular 9-month period) were ¥35,709 million.

Business Model

The primary revenue source is exclusive-use wedding ceremonies at directly-operated mansion-style venues (6,994 weddings over the nine months of FY2025 (ending December 2025), average unit price ¥4,159 thousand). Unit prices are raised through in-house sales of high-value-added products such as cuisine, attire, and floral decorations. In addition, the company builds up fee income with low fixed costs by taking on outsourced operation of wedding departments at hotels and restaurants (Consulting Business), and maximizes customer lifetime value through Bridal Loan (Finance/Credit Business) and travel arrangement services.

Company Strengths

Sales promotion measures for high-value-added products such as premium-tier cuisine and drinks, after-ceremony bouquets, and floral/table coordination have proven effective, achieving an average wedding unit price of ¥4,159 thousand in the nine months of FY2025 (ending December 2025). This has established a structure in which rising unit prices support earnings even as the overall market faces declining transaction volumes.

The number of contracted wedding department operations at other companies' facilities (Consulting Business) reached 1,988 cases in the nine months of FY2025 (ending December 2025), exceeding the typical annual level. The company has successively concluded new partnerships with major hotels such as Mitsubishi Estate Hotels & Resorts and Rihga Royal Hotel Kyoto, expanding revenue opportunities without holding assets.

Amid a 15.8% year-on-year increase in the number of visitors to Japan, the two facilities under the "TRUNK(HOTEL)" brand maintained high levels in both average room rates and occupancy rates. TRUNK(HOTEL) Business sales for the nine months of FY2025 (ending December 2025) totaled ¥4,723 million, functioning as a revenue source that complements the seasonal fluctuations of the Wedding Business.

ENVALITH's Perspective

The financial results flash report published in February 2026 underwent a partial correction in March, followed by a further re-correction in July (including corrections to numerical data). The reason for the correction was a review of impairment losses and gains/losses on sale of fixed assets, etc., associated with audit finalization in the process of preparing the Annual Securities Report. The correction spanned multiple items, including operating CF (pre-correction ¥529 million → post-correction ¥1,195 million), investing CF (pre-correction -¥2,513 million → post-correction -¥3,042 million), and financing CF (pre-correction -¥506 million → post-correction -¥634 million), which poses a risk of undermining investor confidence in the quality of financial disclosure.

Cash flow from investing activities after correction widened to -¥3,042 million (pre-correction: -¥2,513 million). The main factors were expenditures of ¥2,078 million for the acquisition of tangible fixed assets and ¥800 million for the acquisition of businesses. Meanwhile, operating CF was limited to ¥1,195 million, showing a large gap relative to the scale of investment. Continued reliance on interest-bearing debt (net increase in short-term borrowings of ¥2,250 million, long-term borrowings of ¥2,000 million) warrants attention to the risk of rising financial costs in a rising interest rate environment.

Net sales have remained flat in the ¥40 billion range since FY2022, reaching ¥47,668 million in FY2025 (a nine-month irregular period). Operating profit slightly declined from ¥4,208 million in FY2024 to ¥4,104 million in FY2025. The recording of an impairment loss of ¥1,219 million (combined with depreciation expenses of ¥1,453 million, resulting in a heavy burden of non-cash expenses) has reduced the visibility of profit. A recovery in the number of wedding ceremonies and an increase in inquiries through optimized advertising investment are conditions for transitioning to the next growth phase.

Growth Strategy

Pursuing sustainable growth through three pillars: unit price increases, Consulting Business expansion, and hotel business development

Achieved an average wedding unit price of ¥4,159 thousand through promotion of high value-added products. Continuing the strategy of offsetting the risk of declining case volume with unit price increases, aiming to stabilize the earnings base.

Expanding the outsourced operation network, including new partnerships with Mitsubishi Estate, Rihga Royal, and others. Achieved 1,988 handled cases, exceeding the average of past years, and continuing to expand the store network through M&A (acquisition of two stores in Nagoya).

Promoting the capture of inbound wedding demand through a business alliance with EGL Tours, and entry into the casual wedding market through the opening of UNWEDDING Nakanoshima. Aiming to acquire new customer segments.

Capturing inbound demand centered on TRUNK(HOTEL), aiming to increase the earnings contribution of the hotel business. Continuing active investment, including ¥2,078 million in expenditure for the acquisition of property, plant and equipment, but attention is needed to the gap with operating cash flow.

The loan balance, including Bridal Loan, reached a record high. While stabilizing earnings through longer transaction periods, the company is maintaining a customer referral base in coordination with the Domestic Wedding Business.

Last updated: July 17, 2026