TAKAYOSHI Holdings, INC.

Business Details

A platform-type service that shares sales space with producers such as local farmers, prepared food shops, and food manufacturers through "Wakuwaku Hiroba" (Share Shop). Producers bear inventory risk but gain access to low-cost sales channels, while the Company records consignment sales commissions (net) as operating revenue. As of the end of March 2026, there were 196 stores and 35,048 registered producers. The product mix comprises approximately 30% bento boxes/prepared foods/bread, 29% processed foods, approximately 28% vegetables/fruits, and approximately 13% other, realizing a "local food select shop" concept.

Recent Overview

Revenue declined slightly, but the improvement in profit margin was notable, with interim net profit up 41.8% year on year

In the interim period of FY2026 (ending September 2026) (October 2025 to March 2026), operating revenue was ¥4,020 million (down 1.0% year on year), a slight decline, but due to reductions in selling, general and administrative expenses (from ¥3,386 million to ¥3,281 million year on year), operating profit reached ¥517 million (up 12.0% year on year) and interim net profit reached ¥280 million (up 41.8% year on year), achieving a substantial improvement in profitability. The significant reduction in extraordinary losses (loss on disposal of fixed assets, loss on store closures) from ¥137 million in the same period of the previous year to ¥47 million also contributed to the boost in net profit. During the interim period, the Company opened 24 new stores and closed 10 stores, bringing the number of stores at period-end to 196. The number of registered producers expanded to 35,048, an increase of 1,142 from the end of the previous fiscal year. The full-year earnings forecast remains unchanged (operating revenue of ¥7,800 million, operating profit of ¥1,000 million).

Key Products

Growth Drivers

• Continued expansion of the number of registered producers (35,048, up 1,142 from the end of the previous fiscal year), strengthening product appeal and assortment
• Improvement in earnings structure through scrap-and-build of unprofitable stores (24 new stores opened and 10 stores closed during the interim period)
• Improvement in operating profit margin through reductions in selling, general and administrative expenses (interim operating profit margin of 12.9%, versus 11.4% in the same period of the previous year)
• Acceleration of nearby producer development and expansion of business scale through strengthening of in-house logistics
• Financial soundness (equity ratio of 51.1%) resulting from the consignment sales method, in which cash inflows precede cash outflows

Risks

• Intensifying competitive environment due to expansion of direct-from-producer corners at supermarkets
• Risk of reduced vegetable and fruit listing volumes due to natural disasters such as typhoons and floods
• Rising store operating costs due to chronic labor shortages, price increases, and yen depreciation
• Compliance risks related to adherence to laws such as the Food Labeling Act, the Act against Unjustifiable Premiums and Misleading Representations, and the Pharmaceutical and Medical Device Act
• Risk of changes in tenant conditions due to dependence on shopping malls
• Uncertainty in the global economy due to the impact of trade policies by major countries and heightened geopolitical risk