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Financial results presentation7981TAKARA STANDARD CO.,LTD.Information and Communications, Services and Others

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027

In the first half, revenue reached a record high as new-build detached houses and remodeling grew, but each profit line from operating profit downward fell below the year-earlier period due to higher raw material, logistics and labor costs. The full-year forecast remains unchanged, with the company planning to make up the shortfall in the second half through price revisions, material price adjustment charges and market share gains.

Worth reading
77Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-6
¥100 million (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter of the fiscal year ending March 202717 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,253 100 million+1.8%
Operating profit¥80 100 million-7.2%
Ordinary income¥85 100 million-5.6%
Net income¥64 100 million-7.6%
Gross Profit Margin35.2 %
Operating profit margin6.5 %
Selling, general and administrative expenses¥360 100 million
Results for the three months of the current quarter
Net Sales
¥628 100 million+1.8%
Gross profit
¥222 100 million+2.0%
Selling, general and administrative expenses
¥177 100 million+2.7%
Operating profit
¥44 100 million-0.6%
Ordinary income
¥45 100 million+1.2%
Net income
¥38 100 million-1.4%
Full-year earnings forecast
Net Sales
¥2,590 100 million
Operating profit
¥191 100 million
Operating profit margin
7.4 %
Ordinary income
¥198 100 million
Net income
¥143 100 million
ROE
7.4 %
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales
48.4 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and each profit line are progressing smoothly against the revised plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Sales and sales mix factors¥32 100 million
  • Higher unit prices and price revisions¥40 100 million
  • Rationalization and cost reductions¥14 100 million
  • Cost increases¥-66 100 million
  • Human Capital Investment¥-7 100 million
  • Other expenses¥-13 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Soaring material prices due to escalating tensions in the Middle East
  • Some construction schedule delays
  • Price revisions for some products in April and all products in September
  • Material price adjustment charges from September
New initiatives
  • Acquisition of shares in シグマコンサルティング株式会社
  • Construction of a next-generation production line at the Kashima Plant and use of physical AI
  • Reorganize the IR department into an IR office reporting directly to the president
Key KPIsA metric the company considers important as a management benchmark.
  • ROE7.4 %
  • Kitchen market share30 %
  • Our system bathroom market share15 %
  • Vanity market share25 %
  • Our system kitchen shipment volume-3.5 % year on year
  • Our system bathroom shipment volume7.4 % year on year
  • Our vanity unit shipment volume-6 % year on year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Higher selling prices, increased units sold and year-on-year shipment volumes are disclosed, but a quantitative breakdown of volume and unit price for the same product is Not disclosed
Medium-term management plan targets
Net Sales
¥2,500 100 million
Target fiscal yearFiscal year ending March 2027
Operating profit
¥200 100 million
Target fiscal yearFiscal year ending March 2027
Operating profit margin
8 %
Target fiscal yearFiscal year ending March 2027
ROE
8 %
Target fiscal yearFiscal year ending March 2027
Financial targets
ROE
Target8 %
Actual and forecast7.4 %
Market Size / Share
  • Kitchen market share30 %
  • Our system bathroom market share15 %
  • Vanity market share25 %
Orders received and order backlog
Only that the order backlog remains solid is disclosed; the amount is Not disclosed
Number of stores and locations
Number of overseas distributor showrooms71 locations
Change during the period-1 locations
Number of employees
6,505 People
As ofEnd of March 2026
Capital expenditures
¥256 100 million
Annual Dividend
¥124 per share
Interim62
End of period62
Payout ratio
50 %
Total payout ratio130
Total payout ratio unit%
Acquisition of treasury shares
Actual acquisitions for the fiscal year ending March 2026¥104 100 million
Planned maximum for the fiscal year ending March 2027¥120 100 million
PeriodFiscal years ending March 2026 to March 2027
Gross profit
¥441 100 million+2.2%
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥1,253 100 million (YoY +1.8%)
Operating profit¥80 100 million (YoY -7.2%)
Ordinary income¥85 100 million (YoY -5.6%)
Net income¥64 100 million (YoY -7.6%)
Gross profit¥441 100 million (YoY +2.2%)
Gross Profit Margin35.2 %
Operating profit margin6.5 %
Selling, general and administrative expenses¥360 100 million
Results for the three months of the current quarterNet Sales ¥628 100 million (YoY +1.8%) / Gross profit ¥222 100 million (YoY +2.0%) / Selling, general and administrative expenses ¥177 100 million (YoY +2.7%) / Operating profit ¥44 100 million (YoY -0.6%) / Ordinary income ¥45 100 million (YoY +1.2%) / Net income ¥38 100 million (YoY -1.4%)
Full-year earnings forecastNet Sales ¥2,590 100 million / Operating profit ¥191 100 million / Operating profit margin 7.4 % / Ordinary income ¥198 100 million / Net income ¥143 100 million / ROE 7.4 %
Progress against full-year forecastNet Sales 48.4 %
Self-assessment against the planRevenue and each profit line are progressing smoothly against the revised plan
Breakdown of Factors Affecting the ChangeFactors Sales and sales mix factors / Amount ¥32 100 million, Factors Higher unit prices and price revisions / Amount ¥40 100 million, Factors Rationalization and cost reductions / Amount ¥14 100 million, Factors Cost increases / Amount ¥-66 100 million, Factors Human Capital Investment / Amount ¥-7 100 million, Factors Other expenses / Amount ¥-13 100 million
Key KPIsIndicator name ROE / Value 7.4 %, Indicator name Kitchen market share / Value 30 % / Year on year against the same period last year Not disclosed, Indicator name Our system bathroom market share / Value 15 % / Year on year against the same period last year Not disclosed, Indicator name Vanity market share / Value 25 % / Year on year against the same period last year Not disclosed, Indicator name Our system kitchen shipment volume / Value -3.5 % year on year, Indicator name Our system bathroom shipment volume / Value 7.4 % year on year, Indicator name Our vanity unit shipment volume / Value -6 % year on year
Unit price and quantity metricsHigher selling prices, increased units sold and year-on-year shipment volumes are disclosed, but a quantitative breakdown of volume and unit price for the same product is Not disclosed
Number of stores and locationsNumber of overseas distributor showrooms 71 locations / Change during the period -1 locations
Number of employees6,505 People
Assumptions Underlying the Business OutlookSoaring material prices due to escalating tensions in the Middle East, Some construction schedule delays, Price revisions for some products in April and all products in September, Material price adjustment charges from September
Medium-term management plan targetsNet Sales ¥2,500 100 million / Operating profit ¥200 100 million / Operating profit margin 8 % / ROE 8 %
Financial targetsROE Target 8 % / Actual and forecast 7.4 %
Annual Dividend¥124 per share
Payout ratio50 %
Acquisition of treasury sharesActual acquisitions for the fiscal year ending March 2026 ¥104 100 million / Planned maximum for the fiscal year ending March 2027 ¥120 100 million / Period Fiscal years ending March 2026 to March 2027
Capital expenditures¥256 100 million
Orders received and order backlogOnly that the order backlog remains solid is disclosed; the amount is Not disclosed
Market Size / Share30 %, 15 %, 25 %
New initiativesAcquisition of shares in シグマコンサルティング株式会社, Construction of a next-generation production line at the Kashima Plant and use of physical AI, Reorganize the IR department into an IR office reporting directly to the president
Items this document does not state (3)
Segment resultsRisk amount incorporated into the outlookKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue growth in new-build detached houses and remodeling, a higher remodeling mix, and higher unit prices and price revisions contributed to higher profit, while soaring material and logistics costs amid tensions in the Middle East, base-pay increases and higher expenses including IT investment reduced profit. New-build multi-unit housing also experienced construction delays due to the situation in the Middle East and torrential rain.

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Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027 | TAKARA STANDARD CO.,LTD. (7981) timely disclosure | Komori