# Takashima & Co.,Ltd.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第138期(2025/04/01－2026/03/31) (S100YCID)
> Page: https://vizora.meequs.com/en/company/takashima-and
> Retrieved: 2026-09-30T21:38:57.322Z

## Company

Takashima &, founded in 1915, is a company in Specialty Trading & Wholesale listed on TSE Prime. It has 1,200 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Takashima & Co.,Ltd. |
| Ticker | 8007 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8007.T) |
| Listing | TSE Prime |
| Head office | 東京都千代田区神田駿河台2丁目2番地 |
| Representative (per filing) | 代表取締役社長 高島 幸一 |
| Founded | Oct 1915 |
| Share capital | ¥3.8B |
| Employees (consolidated) | 1,200 |
| Average salary (parent only) | ¥8.4M |
| Fiscal year end | March |
| Website | www.tak.co.jp (https://www.tak.co.jp/) |
| Corporate number | 3010001034860 |
| EDINET | E02501 |
| Industries (Vizora) | Specialty Trading & Wholesale |

> Profile source: annual securities report (S100YCID, filed 2026-06-16). As of filing

## Five-axis industry profile

Primary industry: Specialty Trading & Wholesale (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 24.3 | 179 |
| Profitability | 40.3 | 185 |
| Cash conversion | 70.1 | 179 |
| Efficiency | 52.2 | 185 |
| Financial strength | 82.5 | 20 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 64% of Takashima &'s sales come from Construction supply div., with Industrial materials supply division and Electronic/Device making up much of the rest.
- Out of every ¥100 of sales, about ¥2 is left as operating profit.
- Revenue changed -4.1% from the prior year, operating profit -1.3%.

## Company structure

- Segment revenue mix: Construction supply div. 64.4%、Industrial materials supply division 19.8%、Electronic/Device 15.8%
- Revenue → net income: ¥90642000000 → ¥1225000000
- Net income → operating cash flow: ¥1225000000 → ¥2814000000（difference ¥1589000000）
- Main uses of operating cash flow: CapEx ¥886000000 / dividends ¥1548000000 / buybacks ¥100000000
- Change in cash: ¥1466000000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥90.6B |  |
| Operating income | ¥2.1B | Margin 2.3% |
| Net income | ¥1.23B | Margin 1.4% |
| Free cash flow | ¥1.93B |  |
| Largest business | Construction supply div. | of segment revenue 64.4% |
| Employees (consolidated) | 1,200 |  |
| EPS | ¥13.24 |  |
| Book value per share | ¥454.83 |  |
| Equity ratio | 40.6% |  |
| Shares outstanding | 34,377,000 |  |
| Treasury shares | 306,400 |  |
| Shareholders | 20,320 |  |
| Average salary (parent only) | ¥8.4M | Filing company only |
| Cash ratio | 18.4% | Net cash ¥1.5B · Cash ÷ revenue 11.6% |
| Vs. industry median margin | -0.6 pp | Specialty Trading & Wholesale |
| ROE | 5.7% | Derived from disclosed figures |
| ROA | 2.1% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 2.3× net income

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥80625000000 | ¥90642000000 | +12.4% |
| Operating income | ¥1395000000 | ¥2102000000 | +50.7% |
| Operating margin | 1.7% | 2.3% | +0.6 pp |
| Employees | 889 people | 1,200 people | +35.0% |
| Cash and equivalents | ¥5880000000 | ¥10532000000 | +79.1% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 建材 → 建材 | 59.2% |
| 産業資材 → 産業資材 | 19.8% |
| 産業資材 → 事業再編・廃止 | 5.3% |
| 電子・デバイス → 電子・デバイス | 15.3% |
| 賃貸不動産 → 事業再編・廃止 | 0.3% |
| 新設・再編 → 建材 | 5.2% |
| 新設・再編 → 電子・デバイス | 0.4% |

Segment revenue source references: 7 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Construction supply div. | 5 years | +4.1% | ¥58410000000 | 2.9% | 2 |
| Industrial materials supply division | 5 years | -2.4% | ¥17946000000 | 6.8% | 2 |
| Electronic/Device | 5 years | +2.9% | ¥14285000000 | 3.3% | 2 |

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 90,642 | 100.0% | S100YCID |
| Cost of revenue | 77,051 | 85.0% | S100YCID |
| Gross profit | 13,591 | 15.0% | S100YCID |
| SG&A | 11,488 | 12.7% | S100YCID |
| Operating income | 2,102 | 2.3% | S100YCID |
| Ordinary income | 1,523 | 1.7% | S100YCID |
| Pretax income | 2,297 | 2.5% | S100YCID |
| Income tax | 1,072 | 1.2% | S100YCID |
| Net income | 1,225 | 1.4% | S100YCID |
| Net income attributable to owners | 1,225 | 1.4% | S100YCID |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 85 |
| SG&A | 13 |
| Operating income | 2 |
| (Ref.) Net income | 1 |

### Margin funnel

Gross margin 15.0% → Operating margin 2.3% → Net margin 1.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -4.1%; Core profit growth: -1.3%
Operating leverage (core profit growth ÷ revenue growth): 0.31×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 94,503 | 90,642 | -3,861 | -4.1% |
| Gross profit | 13,032 | 13,591 | 559 | +4.3% |
| Operating income | 2,129 | 2,102 | -27 | -1.3% |
| Net income attributable to owners | 1,566 | 1,225 | -341 | -21.8% |
| Operating cash flow | -2,740 | 2,814 | 5,554 | — |
| Free cash flow | -3,348 | 1,928 | 5,276 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 88,799 | 1,713 | 1.9% | 1,237 | 3,018 | 2,502 | S100LW78 |
| FY ending Mar 2021 | 80,625 | 1,395 | 1.7% | 1,000 | 3,563 | 2,490 | S100ODIU |
| FY ending Mar 2022 | 74,054 | 1,547 | 2.1% | 1,296 | -389 | -1,056 | S100R39Y |
| FY ending Mar 2023 | 79,683 | 1,764 | 2.2% | 1,585 | 700 | -22 | S100TRV1 |
| FY ending Mar 2024 | 90,120 | 1,748 | 1.9% | 4,832 | 6,057 | 5,277 | S100W18S |
| FY ending Mar 2025 | 94,503 | 2,129 | 2.3% | 1,566 | -2,740 | -3,348 | S100YCID |
| FY ending Mar 2026 | 90,642 | 2,102 | 2.3% | 1,225 | 2,814 | 1,928 | S100YCID |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥75.5M |
| Operating income per employee (consolidated) | ¥1.8M |
| Net income per employee (consolidated) | ¥1M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 891 | 1,010 | 1,162 | 1,216 | 1,200 |
| Average salary (parent company) | ¥8.4M | ¥8.7M | ¥9.1M | ¥8.6M | ¥8.4M |
| Average age (parent company) | 42.5 years | 42.1 years | 43.7 years | 43.1 years | 43.5 years |
| Average tenure (parent company) | 14.8 years | 14.4 years | 13.8 years | 12.5 years | 12.4 years |

Year over year: Employees (consolidated) -1.3% · Revenue (consolidated) -4.1%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Construction supply div. | 58,410 | 64.4% | 1,722 | 2.9% |
| Industrial materials supply division | 17,946 | 19.8% | 1,222 | 6.8% |
| Electronic/Device | 14,285 | 15.8% | 468 | 3.3% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Construction supply div. | 64.4% | 50.5% | -14.0 | 2.9% |
| Industrial materials supply division | 19.8% | 35.8% | 16.0 | 6.8% |
| Electronic/Device | 15.8% | 13.7% | -2.0 | 3.3% |

Segment → industry: Electronic/Device → Specialty Trading & Wholesale / Industrial materials supply division → Specialty Trading & Wholesale / Construction supply div. → Specialty Trading & Wholesale

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 2,814 | 3.1% | S100YCID |
| Capital expenditure | 886 | 1.0% | S100YCID |
| Free cash flow | 1,928 | 2.1% | 算出 |
| Investing cash flow | 711 | 0.8% | S100YCID |
| Financing cash flow | -2,114 | -2.3% | S100YCID |
| Dividends paid | 1,548 | 1.7% | S100YCID |
| Share buyback | 100 | 0.1% | S100YCID |
| Change in cash | 1,466 | 1.6% | S100YCID |
| Cash and equivalents | 10,532 | 11.6% | S100YCID |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 7,301 | 7,772 | 12,324 | 9,065 | 10,532 | S100TRV1, S100W18S, S100YCID |
| Total assets | 45,176 | 53,060 | 60,409 | 60,076 | 57,090 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Net assets | 18,477 | 19,539 | 23,578 | 23,924 | 23,169 | S100TRV1, S100W18S, S100YCID |
| Share capital | 3,801 | 3,801 | 3,801 | 3,801 | 3,801 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Property, plant and equipment | 4,252 | 4,707 | 4,762 | 6,446 | 6,507 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Intangible assets excluding goodwill | 514 | 1,662 | 6,609 | 6,856 | 5,983 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Goodwill | — | 1,069 | 5,611 | 5,805 | 5,095 | S100TRV1, S100W18S, S100YCID |
| Investment securities | 2,992 | 3,050 | 2,862 | 2,567 | 821 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Current assets | 35,423 | 41,440 | 43,877 | 41,351 | 41,371 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Current liabilities | 21,024 | 27,585 | 32,349 | 27,808 | 24,212 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Trade payables | 14,123 | 15,277 | 16,647 | 13,454 | 11,979 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Short-term borrowings | 686 | 3,210 | 1,341 | 4,880 | 1,580 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Long-term borrowings | 3,360 | 3,347 | 2,095 | 5,162 | 7,113 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Bonds | — | 30 | 20 | 500 | 340 | S100TRV1, S100W18S, S100YCID |
| Interest-bearing debt | — | 6,587 | 3,456 | 10,542 | 9,033 | 算出 |
| Total liabilities | 26,699 | 33,520 | 36,830 | 36,152 | 33,920 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Equity attributable to owners of parent | 17,262 | 17,874 | 21,649 | 21,540 | 21,151 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Retained earnings | 11,792 | 12,482 | 16,898 | 17,044 | 16,621 | S100R39Y, S100TRV1, S100W18S, S100YCID |
| Treasury stock | -56 | -47 | -603 | -255 | -226 | S100R39Y, S100TRV1, S100W18S, S100YCID |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 19% | S100YCID |
| Property, plant and equipment | 11% | S100YCID |
| Intangibles and goodwill | 19% | S100YCID |
| Investment securities | 2% | S100YCID |
| Other assets | 49% | S100YCID |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 21% | S100YCID |
| Interest-bearing debt | 16% | 算出 |
| Other liabilities | 23% | S100YCID |
| Equity | 40% | S100YCID |
| Other liabilities | 0% | S100YCID |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 45,176 | 53,060 | 60,409 | 60,076 | 57,090 |
| Equity | 18,477 | 19,539 | 23,578 | 23,924 | 23,169 |
| Interest-bearing debt | — | 6,587 | 3,456 | 10,542 | 9,033 |
| Cash | 7,301 | 7,772 | 12,324 | 9,065 | 10,532 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 7.2% | S100YCID |
| Fixed assets ÷ total assets | 11.4% | S100YCID |
| Goodwill ÷ parent equity | 24.1% | S100YCID |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 18.4% |
| Cash ÷ revenue | 11.6% |
| Net cash (cash − interest-bearing debt) | ¥1.5B |
| Net debt ÷ operating cash flow | -0.53× |
| Cash conversion (operating CF ÷ operating income) | 133.9% |
| Cash vs. profit gap | 1,589 JPY mn (of net income 129.7%) |
| Shareholder returns / net income | 134.5% |
| Shareholder returns / FCF | 85.5% |
| Shareholder payments — dividends / net income | 126.4% |
| Shareholder payments — dividends / FCF | 80.3% |
| CapEx intensity (capex ÷ revenue) | 1.0% |
| Investing CF relative to operating CF | 25.3% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 1.8% | 1.64× | 2.9% | 2.62× | 7.5% | S100R39Y |
| 2023 | 2.0% | 1.62× | 3.2% | 2.80× | 9.0% | S100TRV1 |
| 2024 | 5.4% | 1.59× | 8.5% | 2.87× | 24.5% | S100W18S |
| 2025 | 1.7% | 1.57× | 2.6% | 2.79× | 7.3% | S100YCID |
| 2026 | 1.4% | 1.55× | 2.1% | 2.74× | 5.7% | S100YCID |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 高島取引先持株会 | Major shareholder | 13.7% | 2026-03-31 |
| 平和株式会社 | Major shareholder | 4.5% | 2026-03-31 |
| 東京海上日動火災保険株式会社 | Major shareholder | 2.4% | 2026-03-31 |
| 高島従業員持株会 | Major shareholder | 1.7% | 2026-03-31 |
| 高島 幸一 | Major shareholder | 1.6% | 2026-03-31 |
| セイショク株式会社 | Major shareholder | 0.8% | 2026-03-31 |
| 高島 義治 | Major shareholder | 0.7% | 2026-03-31 |
| 山田 幸吉 | Major shareholder | 0.6% | 2026-03-31 |
| キョーワ株式会社 | Major shareholder | 0.5% | 2026-03-31 |
| 高島役員持株会 | Major shareholder | 0.5% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第138期(2025/04/01－2026/03/31) | S100YCID | 2026-06-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YCID,, |
| 有価証券報告書－第137期(2024/04/01－2025/03/31) | S100W18S | 2025-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W18S,, |
| 有価証券報告書－第136期(2023/04/01－2024/03/31) | S100TRV1 | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRV1,, |
| 有価証券報告書－第135期(2022/04/01－2023/03/31) | S100R39Y | 2023-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R39Y,, |
| 有価証券報告書－第134期(令和3年4月1日－令和4年3月31日) | S100ODIU | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100ODIU,, |
| 訂正有価証券報告書－第133期(令和2年4月1日－令和3年3月31日) | S100LW78 | 2021-07-02 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LW78,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).