TAKASHIMA & CO.,LTD.
8007・Prime Market・Wholesale Trade
Business
Takashima & Co., Ltd. is a specialty trading company listed on the Tokyo Stock Exchange Prime Market, founded in 1915. With 23 consolidated subsidiaries and 3 affiliated companies, it operates across three segments: Building Materials (64.4% of net sales), Industrial Materials (19.8% of net sales), and Electronics & Devices (15.8% of net sales). In Building Materials, the company provides wall materials, foundation piles, insulation materials, solar panels, and other products through its nationwide sales network. In Industrial Materials, it offers resin materials, industrial textiles, LED installation work, and other products by combining these with its own manufacturer functions. Electronics & Devices centers on six locations across Asia, handling the sale and manufacture of electronic components. Consolidated net sales for FY2026 (ending March 2026) totaled ¥90,642 million. The company's core strategy is "providing solutions through development-proposal capabilities and integrated, comprehensive service capabilities," with environmentally conscious businesses positioned as a priority area.
Business Model
Rather than being limited to simple procurement and resale, the group holds manufacturing subsidiaries (Takashima Industries Co., Ltd., Taxcel Co., Ltd., Highland Co., Ltd., etc.), and the source of earnings lies in providing added value by integrating trading company functions with manufacturer functions. In Building Materials, the company handles orders on an integrated basis from planning and design through construction, while in Industrial Materials, improving the utilization rate of its own factories directly leads to improved profit margins. In Electronics & Devices, the company also manufactures and sells products at its own factories in Asia, aiming to reduce risk and secure earnings through regional diversification.
Company Strengths
The Building Materials segment has built a nationwide sales network and handles renewable energy materials such as residential storage batteries and solar panels. In FY2026 (ending March 2026), sales of residential storage batteries progressed favorably, and Sanwa Holdings Co., Ltd. (industrial solar field), which became a consolidated subsidiary in February 2025, also contributed to performance.
The Industrial Materials segment holds manufacturing subsidiaries such as Takashima Industries Co., Ltd., giving it a structure in which improvements in factory utilization rates directly translate into profit. In FY2026 (ending March 2026), segment profit for Industrial Materials reached ¥1,222 million (up 30.1% year on year), a substantial increase, confirming the effects of improved sales composition and utilization of production functions.
The Electronics & Devices segment is centered on iTak (International) Limited and holds six overseas locations in Hong Kong, Shanghai, Thailand, Shenzhen, Vietnam, and Malaysia, with its own manufacturing plants in Thailand and Vietnam. Regional diversification through multi-region expansion and the utilization of in-house manufacturing functions serve as differentiating factors versus competitors.
ENVALITH's Perspective
Performance Trend
Net sales came to ¥90,642 million (down 4.1% year-on-year), marking the first revenue decline in 5 fiscal periods. Operating income was ¥2,102 million (down 1.2% year-on-year), a modest decline, but ordinary income deteriorated significantly to ¥1,523 million (down 24.7% year-on-year) due to the recording of an equity-method investment loss of ¥682 million (related to DG Takashima). Net income attributable to owners of the parent was ¥1,225 million (down 21.8% year-on-year). EBITDA improved to ¥4,013 million (up 7.2% year-on-year), indicating that the core business's cash-generating capability has been maintained. By segment, Industrial Materials saw a sharp expansion in profit (+30.1%), while Building Materials (-7.0%) and Electronics & Devices (-35.5%) posted profit declines. For FY2027 (ending March 2027), the company forecasts net sales of ¥100,000 million, operating income of ¥2,300 million, and net income of ¥1,600 million, anticipating a return to growth in both revenue and profit.
Growth Strategy
Aiming for sustainable growth through investment and M&A in priority areas such as renewable energy, industrial materials, and construction infrastructure
Through collaboration with Sanwa System Co., Ltd., which became a consolidated subsidiary in February 2025, the company is expanding into the industrial solar power field in addition to residential storage battery sales. In January 2026, it merged eight Sanwa Group companies to unify the organization. This is expected to contribute to expanding profitability in the Building Materials segment.
On June 1, 2026 (planned), the company plans to acquire the ground technology business for ¥830 million and make Ando Co., Ltd., an RC pile manufacturer, a subsidiary for ¥170 million. This will expand Ganmizu Kaihatsu's ground improvement and foundation reinforcement business, primarily centered in the Chugoku-Shikoku region, to a nationwide scale, strengthening the business foundation of the Building Materials segment.
The company is strengthening sales activities in priority areas such as automotive, electronic precision equipment, defense, and medical, while expanding sales of recycled resin products in the amusement-related field. Leveraging the strengths of a group with manufacturing capabilities, the company is promoting solution proposals, aiming for segment profit of ¥1.3 billion in FY2027 (ending March 2027).
Amid a challenging competitive environment marked by expanding market share of Chinese companies, the company is establishing competitive advantages through broad development of electronic components used in board mounting and strengthening quality control systems. The company aims to diversify regionally through multi-region deployment leveraging its network of six locations across Asia, targeting segment profit of ¥200 million in FY2027 (ending March 2027).
As a limited measure for the two-year period through the final year of the medium-term plan 'Sustainable V' (FY2025 and FY2026, ending March), the company has set a dividend payout ratio of 80% or higher and a total return ratio of 100%. For FY2026 (ending March 2026), the company achieved a dividend of ¥45 per share (dividend payout ratio of 125.4%), and combined with share buybacks of ¥99 million, achieved a total return ratio of 133.5%. For FY2027 (ending March 2027), a dividend of ¥46 per share (dividend payout ratio of 98.2%) is planned.
Last updated: July 19, 2026