Takara & Company Ltd. (TSE: 7921), a holding company whose subsidiaries provide corporate-disclosure and IR support, financial printing, and interpretation and translation services, reported results for the full year ended May 31, 2026 (Japanese GAAP, consolidated). Net sales rose 5.0% to ¥31,154 million, operating profit rose 9.2% to ¥4,420 million and ordinary profit rose 8.1% to ¥4,584 million. Net profit attributable to owners of the parent fell 17.0% to ¥3,382 million, and earnings per share declined to ¥261.92 from ¥314.00.
Revenue and operating profit both climb
Group revenue grew on stronger disclosure demand — including shareholder-meeting notices and integrated reports — and the newly consolidated subsidiary J-Trust Co., Ltd. Operating profit outpaced sales as margins improved, lifting the operating margin to 14.2% from 13.6% a year earlier. Comprehensive income rose 7.5% to ¥4,107 million.
Why net profit fell
Despite higher operating and ordinary profit, net profit declined because the prior year included a large gain on the sale of fixed assets (an extraordinary gain of about ¥1,795 million in FY5/2025). The current year booked a smaller gain on the sale of investment securities of roughly ¥604 million, so the absence of last year's one-off left the bottom line lower even as core earnings advanced.
Segment detail
The disclosure-related business posted sales of ¥22,851 million (+5.0%) and segment profit of ¥3,786 million (+12.6%), helped by higher revenue from shareholder-meeting notices and integrated reports plus the consolidation of J-Trust. The interpretation and translation business — which houses Simul International and other units — grew sales 4.9% to ¥8,303 million, with segment profit up 20.6% to ¥468 million as tighter cost control outweighed higher outsourcing expenses.
Dividend and outlook
Takara held its annual dividend at ¥120.00 per share (interim ¥60.00, year-end ¥60.00), for a payout ratio of 45.8%. Under a new medium-term plan the company is shifting from "stable dividends" to "flexible shareholder returns," and for the year ending May 2027 it plans to raise the annual dividend sharply to ¥180.00 (interim ¥90.00, year-end ¥90.00), implying a 66.4% payout and a 7.6% dividend-on-equity ratio. For FY5/2027 it guides net sales of ¥34,200 million (+9.8%), operating profit of ¥4,900 million (+10.9%) and net profit of ¥3,500 million (+3.5%), for EPS of ¥271.16.
| Metric | FY5/26 | FY5/25 | YoY |
|---|---|---|---|
| Net sales (¥m) | 31,154 | 29,678 | +5.0% |
| Operating profit (¥m) | 4,420 | 4,048 | +9.2% |
| Ordinary profit (¥m) | 4,584 | 4,239 | +8.1% |
| Net profit attrib. (¥m) | 3,382 | 4,075 | −17.0% |
| EPS (¥) | 261.92 | 314.00 | −16.6% |
| Equity ratio | 76.2% | 75.5% | +0.7pp |
| Dividend (¥, FY) | 120.00 | 120.00 | — |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.