Takihyo Co., Ltd.
9982・Standard Market・Wholesale Trade
Apparel and Textile-Related Business
Takihyo's flagship segment, responsible for the planning, manufacturing, and wholesale of ladies', baby, and kids apparel and textiles.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (external customers, Q1 FY2027 (ending March 2027, June-ended quarter)) | ¥15,388 million | ¥15,358 million (Q1 FY2026, ending February 2026) | ↑ |
| Segment profit (Q1 FY2027, ending February 2027) | ¥447 million | ¥570 million (Q1 FY2026, ending February 2026) | ↓ |
| Segment profit margin (Q1 FY2027, ending February 2027) | 2.90% | 3.71% (Q1 FY2026, ending February 2026) | ↓ |
| Share of consolidated revenue (Q1 FY2027, ending February 2027) | approx. 87.2% | approx. 89.6% (Q1 FY2026, ending February 2026) | ↓ |
| Segment revenue (full year, FY2026 ending February 2026 actual) | ¥56,742 million | ― | — |
| Segment profit (full year, FY2026 ending February 2026 actual) | ¥952 million | ― | — |
Business Details
The core domestic wholesale business centers on the planning, manufacturing, and sales of ladies' apparel, baby and kids apparel, home wear, and textiles/OEM. Shimamura Co., Ltd. is the primary customer. Overseas, the Shanghai subsidiary handles production control, quality control, and export support, while domestically, TFC Co., Ltd. handles patterning and sewing, and Takihyo Operation Plaza handles logistics and delivery operations. In Q1 FY2027 (ending February 2027), revenue from external customers was ¥15,388 million, accounting for approximately 87.2% of consolidated revenue, making it the core segment.
Recent Overview
Revenue rose slightly, but Q1 segment profit fell sharply by 21.6% year on year due to increased costs.
In Q1 FY2027 (ending February 2027) (March-May 2026), revenue from external customers in the Apparel and Textile-Related Business was ¥15,388 million (up 0.2% year on year), remaining roughly flat. Meanwhile, segment profit decreased by ¥123 million to ¥447 million from ¥570 million in the prior-year period (down 21.6% year on year). Rising procurement costs due to yen depreciation, persistently high logistics costs, and increased personnel expenses from improved employee treatment pushed up SG&A expenses and squeezed profit. While demand capture continued through responding to customers' pull-type (short-lead-time) ordering needs, the segment was unable to fully absorb the impact of rising costs.
Key Products
Growth Drivers
- Capturing demand through agile response to customers' pull-type (short-lead-time) ordering needs
- Strong performance in the Material business from new sales channel expansion and appropriate price pass-through (contributing to maintaining group-wide profit levels)
- Capturing needs through enhanced functional materials such as moisture-wicking/quick-drying, UV protection, and heat-retention fabrics
- Improved profit margins through thorough ROIC-based profit-focused sales and structural reform under the medium-term management plan 'Create Future with Passion'
- Strengthened customer support through provision of sales promotion and marketing methods utilizing SNS, etc.
- Enhanced overall supply chain management functions from upstream (material development, product planning) to downstream (logistics, sales)
Risks
- Risk of profit pressure from rising procurement costs due to continued yen depreciation and persistently high logistics costs
- Cost structure risk of rising personnel expenses from improved employee treatment pushing up SG&A expenses
- Risk of increased difficulty in demand forecasting and inventory risk due to climate change (early flowering, prolonged summers, etc.)
- Risk of subdued apparel spending due to continued consumer thrift and stagnant personal consumption
- Risk of revenue concentration on the key customer, Shimamura Co., Ltd.
- Q1 segment profit margin declined to 2.90% (from 3.71% in the prior-year period), indicating a trend of profit pressure amid rising costs
Last updated: May 25, 2026