TAYA Co.,Ltd.

Business Details

The company operates hair salons in accordance with the Cosmetologist Law, with nationally licensed hairdressers providing beauty treatments such as cutting, perming, and coloring. It operates nationwide under multiple brands—"TAYA," "Shampoo," "MICHEL DERVYN," and "ano"—and, in addition to treatment revenue, also sells hair care products and cosmetics. As of the end of FY2026 (ending March 2026), the company operated 61 stores. Sales composition was approximately 88.6% beauty treatment services, 9.3% products, and 2.1% other.

Recent Overview

Net sales continued to decline, but operating and ordinary income improved significantly; net loss widened due to ¥169 million in extraordinary losses

In FY2026 (ending March 2026), net sales were ¥5,075 million (down 6.8% year on year), marking a second consecutive year of declining sales. On the other hand, due to the effect of SG&A expense reductions, operating income improved significantly to ¥37 million (from ¥3 million in the prior period) and ordinary income to ¥34 million (from ¥4 million in the prior period). However, the company recorded extraordinary losses of ¥169 million, including an impairment loss of ¥165 million and store closure losses, causing the net loss to widen to ¥160 million (from ¥62 million in the prior period). The equity ratio improved to 36.0% following fundraising through a third-party allotment of new shares (¥270 million) and the exercise of stock acquisition rights (approximately ¥273 million). At the shareholders' meeting in June 2026, a change in representative director was decided (Mr. Kazumasa Taya to step down and become an advisor, with Mr. Masakuni Hoshina set to become CEO and Mr. Shoji Nakamura set to become COO). A material uncertainty regarding the going concern assumption continues to exist.

Key Products

Growth Drivers

• Improved profitability at directly-operated stores through rebranding renovations (6 stores implemented) and expansion of high-value-added services
• Improved operating margin through continued reduction of SG&A expenses (compressed to ¥782 million against gross profit of ¥820 million)
• Establishment of a new revenue source through expansion of the freelance business "ano" (new opening of ano Shibuya)
• Acquisition of new customers and increased visit frequency and average customer spending among existing customers through the use of e-commerce and digital initiatives
• Strengthened financial base through a third-party allotment of new shares and exercise of stock acquisition rights (equity ratio improved from 20.9% to 36.0%, securing ¥507 million in cash)
• Improved employee engagement and productivity through investment in human capital (enhancement of the education system and clarification of career paths)

Risks

• A material uncertainty regarding the going concern assumption exists (the company has not yet reached a stage of reliably recording profit)
• Intensifying competition among stores due to the oversaturation of hair salons
• Difficulty in hiring hairdressers and labor shortages due to tight labor supply and demand
• Concerns over stagnating personal consumption due to rising prices (risk of lengthening intervals between customer visits)
• A cost structure with a high proportion of fixed costs such as personnel expenses and rent, making it difficult to reduce costs when sales targets are not met
• Risk of additional impairment losses (an impairment loss of ¥165 million was recorded in FY2026, ending March 2026)
• Transition risk in management policy and organizational operations due to the change in representative director