TAKARA & COMPANY LTD.
7921・Prime Market・Other Products
Business
TAKARA & COMPANY Limited is a holding company originating from a disclosure specialist firm founded in 1952. In its core Disclosure-Related Business, the company provides one-stop support for domestic listed companies, covering statutory disclosure documents such as securities reports and notices of shareholders meetings, as well as voluntary disclosures such as integrated reports and ESG disclosures. It operates its integrated business report system, WizLabo, as its core platform. In its Interpretation & Translation Business, the company operates through subsidiaries including Simul International, which handles international conference interpretation, translation, and localization, and Tohin, providing services mainly in Japan and the United States. The group operates with a total of 21 companies, including 20 consolidated subsidiaries. Its main customers are domestic listed companies and foreign-affiliated companies.
Business Model
In the Disclosure-Related Business (net sales of ¥21,761 million), the company diversifies revenue from its foundation in the production and printing of statutory disclosure documents into SaaS-type licensing revenue from WizLabo, consulting, IPO support, and ESG/integrated report production. In the Interpretation & Translation Business (net sales of ¥7,917 million), the company provides international conference interpretation, translation, and localization, while also expanding new offerings such as the AI translation platform "SIMULwiz." The two businesses mutually leverage their respective customer bases, creating a structure that generates group synergies, such as in English-language disclosure translation.
Company Strengths
The company's share of newly listed companies in 2024 stood at 52%, exceeding a majority. Its accumulated expertise, tracing back to the Securities Research Group founded in 1967, combined with the IPO consulting framework of Task Co., Ltd. and other subsidiaries, forms a competitive advantage. The structure also captures customers as continuing disclosure-support clients even after listing.
The number of client companies using the integrated business report system WizLabo continues to increase. The company is expanding functionality through broader API integration, full-scale AI implementation, and enhancement of WizLabo Box, among other initiatives, and sales of Financial Instruments and Exchange Act-Related Products reached ¥8,727 million, up 11.4% year on year. Because the system is deeply embedded in clients' financial disclosure processes, it offers high customer retention.
As of the end of May 2025, cash and cash equivalents stood at ¥19,041 million (up ¥4,505 million year on year), and total net assets stood at ¥30,727 million. Interest-bearing debt is effectively at zero, and the equity ratio remains at a high level. While maintaining a ¥10.0 billion growth investment allowance, the company also continues to pay dividends totaling ¥1,100 million.
ENVALITH's Perspective
Performance Trend
Revenue grew for five consecutive fiscal years, rising from ¥25,318 million in FY2022 (ended May 2022) to ¥31,154 million in FY2026 (ended May 2026), a CAGR of approximately 5.3%. Growth accelerated in FY2026 (ended May 2026), up 5.0% year on year, driven by the expansion of Financial Instruments and Exchange Act-Related Products following the consolidation of J-Trust (up 9.8% year on year) and an increase in shareholder meeting convocation notices and integrated reports. Operating profit rose to ¥4,420 million (up 9.2% year on year), a new record high, and the operating margin improved to 14.2% (versus 13.6% in the prior period). On the other hand, profit attributable to owners of parent decreased to ¥3,382 million (down 17.0% year on year) due to the fading of a gain on sale of fixed assets (¥1,795 million) recorded in the prior period. In terms of the external environment, the sustained strength of the domestic equity market (with the Nikkei average surpassing ¥66,000 for the first time in history) spurred increased disclosure activity among listed companies, supporting demand for disclosure-related services. For FY2027 (ending May 2027), the company forecasts revenue of ¥34,200 million (up 9.8% year on year) and operating profit of ¥4,900 million (up 10.9% year on year).
Growth Strategy
Medium-Term Management Plan 2029 built on three pillars: AI sophistication of WizLabo, capturing English-language disclosure demand, and ROIC-focused M&A
Full-scale AI implementation and enhanced data collection functionality for the integrated business report system "WizLabo" are positioned as a key initiative for FY2027 (ending May 2027). Through functional enhancement and expanded sales of digitized products (WizLabo SR.QA, the "Net de" series, and video streaming), the company will strengthen one-stop support for the entire general shareholders' meeting process.
Leveraging the tailwind of mandatory English-language disclosure for Prime Market-listed companies (effective April 2025), the company will strengthen its high-quality Translation Services framework utilizing new technologies such as AI translation to expand order intake. In integrated report production support, the company aims to maintain and expand its domestic top-level market share. In FY2026 (ended May 2026), sales of IR-Related Products declined slightly to ¥4,857 million, but order intake trended upward at ¥4,936 million (up 6.6% year on year).
Under Medium-Term Management Plan 2029, the company positions investment capital as a real option and plans to flexibly execute M&A with due consideration of cost of capital. In May 2025, the company made J-Trust a consolidated subsidiary, expanding its financial product disclosure support services. A strong financial base (cash of ¥17,590 million, equity ratio of 76.2%) underpins its M&A capacity.
AI Interpretation Services exceeded their annual target in FY2026 (ended May 2026). The company will promote expanded sales of the AI translation platform "SIMULwiz," entry into the entertainment field, and expanded multilingual support. In parallel, it will advance the acquisition and development of next-generation interpreters, strengthen transcreation services, and expand the number of languages handled.
The company is shifting course from its conventional stable dividend policy to a flexible shareholder return approach based on performance and capital conditions. For FY2027 (ending May 2027), an annual dividend of ¥180 (up ¥60 year on year) is planned, with an expected payout ratio of 66.4% and DOE of 7.6%. Resumption of the shareholder benefit program and share buybacks are also being considered as options.
Last updated: July 17, 2026