Takihyo Co., Ltd. (TSE: 9982) reported consolidated results for the first quarter of the fiscal year ending February 28, 2027 (March 1 – May 31, 2026) under Japanese GAAP. The Nagoya-based company plans, manufactures and wholesales apparel and materials, operating through two segments — Apparel and Material — and it maintained solid profitability through the quarter despite a broadly inflationary cost environment.
Revenue rises 3% as profit holds flat
Net sales rose 3.0% to ¥17,656 million from ¥17,134 million a year earlier, while operating profit was essentially flat, up 0.2% to ¥815 million from ¥813 million. Ordinary profit advanced 1.9% to ¥811 million from ¥796 million, and net profit attributable to owners of the parent rose 0.4% to ¥659 million from ¥656 million. Basic earnings per share climbed to ¥77.85 from ¥75.51. Comprehensive income jumped to ¥226 million from just ¥31 million a year earlier, lifted by valuation gains.
Material segment and quick-response demand drive results
Under its medium-term plan "Create Future with Passion," Takihyo responded flexibly to climate- and demand-driven volatility, capturing customers' short-lead-time "quick-response" ordering needs using its production know-how. The Material business expanded new sales channels and passed on prices successfully, supporting group-wide profit. Selling, general and administrative expenses rose on higher procurement costs from the weak yen, elevated logistics costs and improved employee compensation, which together held operating profit roughly flat even as sales grew.
Well-capitalised balance sheet
The balance sheet remained solidly capitalised, with total assets of ¥51,725 million and net assets of ¥32,369 million. The equity ratio stood at 62.5%, down slightly from 63.8%, while book value per share was ¥3,830.56, underscoring the wholesaler's conservative financial footing.
Full-year guidance and ¥50 dividend reaffirmed
Takihyo left its full-year FY2027/2 guidance unchanged, projecting net sales of ¥64,800 million (+1.3%), operating profit of ¥1,950 million (+0.4%), ordinary profit of ¥1,950 million (+0.1%) and net profit of ¥1,620 million (+0.3%), with EPS of ¥192.19. The company also reaffirmed a planned annual dividend of ¥50.00 (¥25.00 interim plus ¥25.00 year-end), signalling confidence in a steady full-year outturn.
| Metric | Q1 FY2027/2 | Q1 FY2026/2 | YoY |
|---|---|---|---|
| Net sales (¥m) | 17,656 | 17,134 | +3.0% |
| Operating profit (¥m) | 815 | 813 | +0.2% |
| Ordinary profit (¥m) | 811 | 796 | +1.9% |
| Net profit (¥m) | 659 | 656 | +0.4% |
| Basic EPS (¥) | 77.85 | 75.51 | +3.1% |
| Comprehensive income (¥m) | 226 | 31 | +621.2% |
| Total assets (¥m) | 51,725 | 50,877 | — |
| Equity ratio | 62.5% | 63.8% | — |
| FY2027/2 revenue guidance (¥m) | 64,800 | — | +1.3% |
| FY2027/2 operating profit guidance (¥m) | 1,950 | — | +0.4% |
| Dividend per share (¥, forecast) | 50.00 | — | — |
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.