TAKARA STANDARD CO.,LTD.
7981・Prime Market・Other Products
Housing Equipment
Takara Standard's core segment. Manufactures and sells Kitchens, Bathrooms, Washstand/Vanities, and other products.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment net sales | ¥252,493 million | ¥243,149 million | ↑ |
| Segment operating profit | ¥18,851 million | ¥15,440 million | ↑ |
| Segment operating margin | 7.5% | 6.4% | ↑ |
| Sales for new-build | ¥167,150 million | Up 4.9% year on year | ↑ |
| Sales for renovation | ¥74,522 million | Up 2.4% year on year | ↑ |
| Kitchen sales | ¥154,762 million | Up 3.8% year on year | ↑ |
| Bathroom sales | ¥58,735 million | Up 5.3% year on year | ↑ |
| Washstand/Vanity sales | ¥30,574 million | Up 6.5% year on year | ↑ |
Business Details
As a comprehensive manufacturer of housing equipment, the company manufactures and sells Kitchens, Bathrooms, Washstand/Vanities, and Other Housing Equipment, centered on enamel technology. Manufacturing is handled by the Company and its consolidated subsidiary Takara Kako Co., Ltd., supplying products to both the new-build market (detached houses and multi-family housing) and the renovation market. This is the sole reportable segment, accounting for over 99% of consolidated net sales, with the uniqueness of enamel products serving as the source of competitive advantage.
Recent Overview
Both new-build and renovation sales increased, with net sales and operating profit both reaching record highs.
In FY2026 (ending March 2026), the new-build market (detached houses and multi-family housing) performed well, achieving sales for new-build of ¥167,150 million (up 4.9% year on year). The renovation market recovered to ¥74,522 million (up 2.4% year on year) as a shift toward proposals aligned with customer needs took hold from the second half onward. Operating margin improved to 7.5% (from 6.4% in the prior period) due to higher unit selling prices and continued rationalization and cost reduction efforts. Both net sales and operating profit reached record highs.
Key Products
Growth Drivers
- Continued strength in sales for new housing (increases in both detached houses and multi-family housing): sales for new-build up 4.9% year on year in FY2026 (ending March 2026)
- Improved profit margin driven by higher unit selling prices (continued effect of price revisions)
- Continued revenue structure reform through ongoing rationalization and cost reduction
- Growing adoption of proposals aligned with customer needs in the renovation market (from the second half onward)
- Productivity improvements through digital technology utilization, automation, and labor-saving measures based on the Medium-Term Management Plan 2026
- High growth in the Washstand/Vanity category (up 6.5% year on year)
Risks
- Medium- to long-term declining trend in new housing starts: contraction of the new-build market due to population decline
- Intensifying competition in the renovation market: concerns over demand decline due to soaring material prices and worker shortages
- Risk of material procurement disruption and price increases due to escalating tensions in the Middle East (not factored into earnings forecasts)
- Risk of demand suppression due to soaring housing prices and rising mortgage interest rates
- Unstable trends in new housing starts following the April 2025 revision of the Building Standards Act and related regulations
- Increased uncertainty stemming from heightened geopolitical risk and US trade policy trends
Last updated: June 19, 2026