Buy Or Sell Opportunity • May 08
Now 23% undervalued Over the last 90 days, the stock has risen 1.2% to JP¥3,050. The fair value is estimated to be JP¥3,945, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • May 01
Full year 2026 earnings released: EPS: JP¥232 (vs JP¥163 in FY 2025) Full year 2026 results: EPS: JP¥232 (up from JP¥163 in FY 2025). Revenue: JP¥252.8b (up 3.9% from FY 2025). Net income: JP¥15.1b (up 36% from FY 2025). Profit margin: 6.0% (up from 4.6% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 23% per year. Announcement • Apr 30
Takara Standard Co.,Ltd., Annual General Meeting, Jun 24, 2026 Takara Standard Co.,Ltd., Annual General Meeting, Jun 24, 2026. Announcement • Apr 21
Takara Standard Co.,Ltd. to Report Fiscal Year 2026 Results on Apr 30, 2026 Takara Standard Co.,Ltd. announced that they will report fiscal year 2026 results on Apr 30, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥89.68 (vs JP¥76.09 in 3Q 2025) Third quarter 2026 results: EPS: JP¥89.68 (up from JP¥76.09 in 3Q 2025). Revenue: JP¥69.5b (up 1.7% from 3Q 2025). Net income: JP¥5.76b (up 11% from 3Q 2025). Profit margin: 8.3% (up from 7.6% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 29
First half dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥59.01 (vs JP¥26.50 in 2Q 2025) Second quarter 2026 results: EPS: JP¥59.01 (up from JP¥26.50 in 2Q 2025). Revenue: JP¥61.8b (up 5.3% from 2Q 2025). Net income: JP¥3.87b (up 114% from 2Q 2025). Profit margin: 6.3% (up from 3.1% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥46.00 (vs JP¥30.32 in 1Q 2025) First quarter 2026 results: EPS: JP¥46.00 (up from JP¥30.32 in 1Q 2025). Revenue: JP¥61.4b (up 7.1% from 1Q 2025). Net income: JP¥3.08b (up 49% from 1Q 2025). Profit margin: 5.0% (up from 3.6% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥163 (vs JP¥137 in FY 2024) Full year 2025 results: EPS: JP¥163 (up from JP¥137 in FY 2024). Revenue: JP¥243.4b (up 3.7% from FY 2024). Net income: JP¥11.1b (up 17% from FY 2024). Profit margin: 4.6% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • May 09
Full year 2025 earnings released: EPS: JP¥163 (vs JP¥137 in FY 2024) Full year 2025 results: EPS: JP¥163 (up from JP¥137 in FY 2024). Revenue: JP¥243.4b (up 3.7% from FY 2024). Net income: JP¥11.1b (up 17% from FY 2024). Profit margin: 4.6% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥2,203, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 13x in the Building industry in Japan. Total returns to shareholders of 92% over the past three years. Announcement • Mar 27
Takara Standard Co.,Ltd. to Report Fiscal Year 2025 Results on May 08, 2025 Takara Standard Co.,Ltd. announced that they will report fiscal year 2025 results on May 08, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: JP¥76.09 (vs JP¥55.50 in 3Q 2024) Third quarter 2025 results: EPS: JP¥76.09 (up from JP¥55.50 in 3Q 2024). Revenue: JP¥68.4b (up 5.6% from 3Q 2024). Net income: JP¥5.17b (up 36% from 3Q 2024). Profit margin: 7.6% (up from 5.9% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Dec 06
Takara Standard Co.,Ltd. to Report Q3, 2025 Results on Feb 04, 2025 Takara Standard Co.,Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025 Declared Dividend • Nov 30
First half dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.5% EPS decline seen over the last 5 years. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥26.50 (vs JP¥36.06 in 2Q 2024) Second quarter 2025 results: EPS: JP¥26.50 (down from JP¥36.06 in 2Q 2024). Revenue: JP¥58.6b (up 2.1% from 2Q 2024). Net income: JP¥1.81b (down 28% from 2Q 2024). Profit margin: 3.1% (down from 4.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.5%). Announcement • Sep 19
Takara Standard Co.,Ltd. to Report Q2, 2025 Results on Nov 06, 2024 Takara Standard Co.,Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥30.32 (vs JP¥27.36 in 1Q 2024) First quarter 2025 results: EPS: JP¥30.32 (up from JP¥27.36 in 1Q 2024). Revenue: JP¥57.3b (flat on 1Q 2024). Net income: JP¥2.07b (up 7.6% from 1Q 2024). Profit margin: 3.6% (up from 3.4% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. Declared Dividend • Jul 11
Final dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Takara Standard Co.,Ltd. to Report Q1, 2025 Results on Aug 01, 2024 Takara Standard Co.,Ltd. announced that they will report Q1, 2025 results on Aug 01, 2024 Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥137 (vs JP¥118 in FY 2023) Full year 2024 results: EPS: JP¥137 (up from JP¥118 in FY 2023). Revenue: JP¥234.7b (up 3.2% from FY 2023). Net income: JP¥9.50b (up 13% from FY 2023). Profit margin: 4.0% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 11
Takara Standard Co.,Ltd., Annual General Meeting, Jun 26, 2024 Takara Standard Co.,Ltd., Annual General Meeting, Jun 26, 2024. Announcement • Mar 24
Takara Standard Co.,Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 Takara Standard Co.,Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥55.50 (vs JP¥52.12 in 3Q 2023) Third quarter 2024 results: EPS: JP¥55.50 (up from JP¥52.12 in 3Q 2023). Revenue: JP¥64.7b (up 3.3% from 3Q 2023). Net income: JP¥3.81b (up 3.5% from 3Q 2023). Profit margin: 5.9% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Announcement • Feb 01
Takara Standard Co.,Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Takara Standard Co.,Ltd. revised Consolidated earnings guidance for the fiscal year ending March 31, 2024. For the Full year, company expects Net sales to be JPY 235,300 million, Operating profit to be JPY 12,300 million compared to the previous guidance of JPY 14,100 million, Profit attributable to owners of parent of JPY 9,500 million and Basic earnings per share of JPY 139.02 compared to the previous guidance of JPY 135.02. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥36.06 (vs JP¥25.96 in 2Q 2023) Second quarter 2024 results: EPS: JP¥36.06 (up from JP¥25.96 in 2Q 2023). Revenue: JP¥57.5b (up 3.1% from 2Q 2023). Net income: JP¥2.51b (up 35% from 2Q 2023). Profit margin: 4.4% (up from 3.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥27.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥27.36 (vs JP¥31.30 in 1Q 2023) First quarter 2024 results: EPS: JP¥27.36 (down from JP¥31.30 in 1Q 2023). Revenue: JP¥57.2b (up 5.3% from 1Q 2023). Net income: JP¥1.93b (down 16% from 1Q 2023). Profit margin: 3.4% (down from 4.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Announcement • Jun 03
Takara Standard Co.,Ltd. to Report Q1, 2024 Results on Aug 01, 2023 Takara Standard Co.,Ltd. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥118 (vs JP¥149 in FY 2022) Full year 2023 results: EPS: JP¥118 (down from JP¥149 in FY 2022). Revenue: JP¥227.4b (up 7.5% from FY 2022). Net income: JP¥8.42b (down 23% from FY 2022). Profit margin: 3.7% (down from 5.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 11
Takara Standard Co.,Ltd., Annual General Meeting, Jun 29, 2023 Takara Standard Co.,Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥26.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 4.5% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: JP¥52.12 (vs JP¥52.40 in 3Q 2022) Third quarter 2023 results: EPS: JP¥52.12 (down from JP¥52.40 in 3Q 2022). Revenue: JP¥62.6b (up 5.9% from 3Q 2022). Net income: JP¥3.68b (down 3.9% from 3Q 2022). Profit margin: 5.9% (down from 6.5% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥25.96 (vs JP¥37.01 in 2Q 2022) Second quarter 2023 results: EPS: JP¥25.96 (down from JP¥37.01 in 2Q 2022). Revenue: JP¥55.7b (up 7.7% from 2Q 2022). Net income: JP¥1.86b (down 31% from 2Q 2022). Profit margin: 3.3% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent External Director Ken Hashimoto was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Second quarter 2023 earnings released: EPS: JP¥25.96 (vs JP¥37.01 in 2Q 2022) Second quarter 2023 results: EPS: JP¥25.96 (down from JP¥37.01 in 2Q 2022). Revenue: JP¥55.7b (up 7.7% from 2Q 2022). Net income: JP¥1.86b (down 31% from 2Q 2022). Profit margin: 3.3% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: JP¥31.30 (vs JP¥37.15 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.30 (down from JP¥37.15 in 1Q 2022). Revenue: JP¥54.4b (up 9.0% from 1Q 2022). Net income: JP¥2.29b (down 16% from 1Q 2022). Profit margin: 4.2% (down from 5.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥149 (vs JP¥104 in FY 2021) Full year 2022 results: EPS: JP¥149 (up from JP¥104 in FY 2021). Revenue: JP¥211.6b (up 10% from FY 2021). Net income: JP¥10.9b (up 44% from FY 2021). Profit margin: 5.2% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 12
Takara Standard Co.,Ltd., Annual General Meeting, Jun 29, 2022 Takara Standard Co.,Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent External Director Ken Hashimoto was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Takara Standard Co.,Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Takara Standard Co.,Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.8%). Announcement • Feb 02
Takara Standard Co.,Ltd. Provides Year-End Earnings Dividend for the Fiscal Year Ending March 31, 2022 Takara Standard Co.,Ltd. provided year-end earnings dividend for the fiscal year ending March 31, 2022. For the period, the company expects to pay dividend of JPY 32.00 per shared compared to JPY 17.00 per shared paid a year ago. Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥52.39 (up from JP¥52.00 in 3Q 2021). Revenue: JP¥59.2b (up 8.9% from 3Q 2021). Net income: JP¥3.83b (flat on 3Q 2021). Profit margin: 6.5% (down from 7.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.