Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>FY03/26 revenue reached JPY252.8bn (+3.9% YoY), with operating profit at JPY19.1bn (+22.1% YoY), and net income JPY15.1bn (+35.9% YoY).</li><li>New detached housing market revenue was JPY77.8bn (+4.0% YoY), new housing complex JPY89.2bn (+5.6% YoY), remodeling JPY74.5bn (+2.4% YoY).</li><li>FY03/27 forecasts revenue of JPY260.0bn (+2.9% YoY), operating profit JPY20.8bn (+9.0% YoY), and net income JPY15.4bn (+2.2% YoY).</li></ul>

FY03/26 revenue reached JPY252.8bn (+3.9% YoY), with operating profit at JPY19.1bn (+22.1% YoY), and net income JPY15.1bn (+35.9% YoY).New detached housing market revenue was JPY77.8bn (+4.0% YoY), new housing complex JPY89.2bn (+5.6% YoY), remodeling JPY74.5bn (+2.4% YoY).FY03/27 forecasts revenue of JPY260.0bn (+2.9% YoY), operating profit JPY20.8bn (+9.0% YoY), and net income JPY15.4bn (+2.2% YoY).

Takara Standard (7981 JP): Full-year FY03/26 flash update

<ul><li>Revenue reached JPY192.7bn (+4.5% YoY), with operating profit at JPY16.1bn (+25.4% YoY) and recurring profit at JPY16.7bn (+25.9% YoY).</li><li>New detached housing market revenue was JPY58.0bn (+6.0% YoY), and new housing complex market revenue was JPY67.0bn (+7.0% YoY).</li><li>Full-year revenue forecast revised to JPY251.0bn, with operating profit at JPY17.8bn and net income at JPY13.6bn.</li></ul>

Revenue reached JPY192.7bn (+4.5% YoY), with operating profit at JPY16.1bn (+25.4% YoY) and recurring profit at JPY16.7bn (+25.9% YoY).New detached housing market revenue was JPY58.0bn (+6.0% YoY), and new housing complex market revenue was JPY67.0bn (+7.0% YoY).Full-year revenue forecast revised to JPY251.0bn, with operating profit at JPY17.8bn and net income at JPY13.6bn.

Takara Standard (7981 JP): Q3 FY03/26 flash update

<ul><li>Revenue reached JPY123.1bn (+6.2% YoY), with operating profit at JPY8.7bn (+46.3% YoY) and recurring profit at JPY9.0bn (+46.8% YoY).</li><li>New housing market sales contributed to YoY revenue growth; new detached housing market revenue was JPY37.8bn (+9.1% YoY).</li><li>Full-year forecasts revised upward: revenue JPY250.0bn, operating profit JPY17.5bn, recurring profit JPY17.8bn, net income JPY13.0bn.</li></ul>

Revenue reached JPY123.1bn (+6.2% YoY), with operating profit at JPY8.7bn (+46.3% YoY) and recurring profit at JPY9.0bn (+46.8% YoY).New housing market sales contributed to YoY revenue growth; new detached housing market revenue was JPY37.8bn (+9.1% YoY).Full-year forecasts revised upward: revenue JPY250.0bn, operating profit JPY17.5bn, recurring profit JPY17.8bn, net income JPY13.0bn.

Takara Standard (7981 JP): 1H FY03/26 flash update

<ul><li>In Q1 FY03/26, revenue was JPY61.4bn (+7.1% YoY), operating profit JPY4.2bn (+35.8% YoY), net income JPY3.1bn (+48.7% YoY).</li><li>Revenue growth in new detached housing market was JPY19.2bn (+12.6% YoY), driven by higher unit prices and demand.</li><li>Revenue in the remodeling market increased to JPY19.6bn (+0.9% YoY), supported by enhanced product specifications and customer-aligned proposals.</li></ul>

In Q1 FY03/26, revenue was JPY61.4bn (+7.1% YoY), operating profit JPY4.2bn (+35.8% YoY), net income JPY3.1bn (+48.7% YoY).Revenue growth in new detached housing market was JPY19.2bn (+12.6% YoY), driven by higher unit prices and demand.Revenue in the remodeling market increased to JPY19.6bn (+0.9% YoY), supported by enhanced product specifications and customer-aligned proposals.

Takara Standard (7981 JP): Q1 FY03/26 flash update

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>TSE-Listed companies are asked to file "Management Conscious of Capital Cost/Stock Price" awareness reports/policies. Many have. Some are still working on it. And policies change, and CGR reports are updated.</li>
<li>There were case study updates published late-Dec25. Interesting, but not ground-breaking. 146 CGRs were filed in January after 475 in December 2025. It's low season til spring.</li>
<li>The ongoing Study Group to review Minority Shareholder Protection, etc has interim comments suggesting Toyota Fudosan's claim of Majority of Minority is false (of course it is, but they're nicer).</li>
</ul>


TSE-Listed companies are asked to file "Management Conscious of Capital Cost/Stock Price" awareness reports/policies. Many have. Some are still working on it. And policies change, and CGR reports are updated.
There were case study updates published late-Dec25. Interesting, but not ground-breaking. 146 CGRs were filed in January after 475 in December 2025. It's low season til spring.
The ongoing Study Group to review Minority Shareholder Protection, etc has interim comments suggesting Toyota Fudosan's claim of Majority of Minority is false (of course it is, but they're nicer).


[Japan CorpGov] TSE "Mgmt Conscious" Reports (Feb26) - Disappointing Case Studies, Weak Study Group

Japan

TAKARA STANDARD CO., LTD. manufactures and sells housing equipment including system kitchens, bath tabs, and automated electric and gas-burning water heaters.  The Company puts stress on technology development for enamel applications such as enameled kitchen utensils.  Takara Standard facilitates showrooms and training centers nationwide.

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Takara Standard (7981 JP)