# TAKE AND GIVE. NEEDS Co., Ltd.: business model and financials

> Latest period: FY ending Mar 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第27期(2024/04/01－2025/03/31) (S100XV38)
> Page: https://vizora.meequs.com/en/company/take-and-give-needs
> Retrieved: 2026-09-30T21:38:24.394Z

## Company

Take and Give. Needs, founded in 1998, is a company in Weddings listed on TSE Prime. It has 1,725 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | TAKE AND GIVE. NEEDS Co., Ltd. |
| Ticker | 4331 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4331.T) |
| Listing | TSE Prime |
| Head office | 東京都品川区東品川二丁目3番12号 |
| Representative (per filing) | 代表取締役社長 岩瀬 賢治 |
| Founded | Oct 1998 |
| Share capital | ¥100M |
| Employees (consolidated) | 1,725 |
| Average salary (parent only) | ¥4.7M |
| Fiscal year end | March |
| Website | www.tgn.co.jp (https://www.tgn.co.jp/) |
| Corporate number | 9010701022696 |
| EDINET | E05248 |
| Industries (Vizora) | Weddings |

> Profile source: annual securities report (S100XV38, filed 2026-03-27). As of filing

## Five-axis industry profile

Primary industry: Weddings (2025-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 7.1 | 7 |
| Profitability | 61.1 | 9 |
| Cash conversion | 38.9 | 9 |
| Efficiency | 50 | 9 |

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 97% of Take and Give. Needs's sales come from Domestic wedding, with Other making up much of the rest.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed +1.4% from the prior year, operating profit -2.5%.

## Company structure

- Segment revenue mix: Domestic wedding 97.1%、Other 2.9%
- Revenue → net income: ¥47668000000 → ¥3620000000
- Net income → operating cash flow: ¥3620000000 → ¥5462000000（difference ¥1842000000）
- Main uses of operating cash flow: CapEx ¥1536000000 / dividends ¥379000000 / buybacks ¥2001000000
- Change in cash: ¥-325000000
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 | ¥47.7B |  |
| Operating income | ¥4.1B | Margin 8.6% |
| Net income | ¥3.55B | Margin 7.4% |
| Free cash flow | ¥3.93B |  |
| Largest business | Domestic wedding | of segment revenue 97.1% |
| Employees (consolidated) | 1,725 |  |
| EPS | ¥218.07 |  |
| Book value per share | ¥1073.83 |  |
| Equity ratio | 34.1% |  |
| Shares outstanding | 14,619,330 |  |
| Treasury shares | 25,200 |  |
| Shareholders | 4,789 |  |
| Average salary (parent only) | ¥4.7M | Filing company only |
| Cash ratio | 16.5% | Cash ÷ revenue 18.5% |
| Vs. industry median margin | +0.5 pp | Weddings |
| ROE | 20.2% | Derived from disclosed figures |
| ROA | 6.6% | Derived from disclosed figures |

## Notable figures

- FY2025, buybacks were 5.3× dividends
- FY2025, revenue is 2.4× its level five years ago
- FY2025, one segment accounts for 94% of positive segment profit

## What changed in 5 years

| Metric | FY ending Mar 2020 | FY ending Mar 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥63678000000 | ¥47668000000 | -25.1% |
| Operating income | ¥3579000000 | ¥4104000000 | +14.7% |
| Operating margin | 5.6% | 8.6% | +3 pp |
| Employees | 2,341 people | 1,725 people | -26.3% |
| Cash and equivalents | ¥6078000000 | ¥8809000000 | +44.9% |

### Change in segment revenue mix

Span: FY ending Mar 2020 → FY ending Mar 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 国内ウェディング事業 → 国内ウェディング事業 | 80.3% |
| 海外・リゾートウェディング事業 → 事業再編・廃止 | 17.4% |
| その他 → その他 | 2.2% |
| 新設・再編 → 国内ウェディング事業 | 16.8% |
| 新設・再編 → その他 | 0.6% |

Segment revenue source references: 5 (derived)

## Income statement（FY ending Mar 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 47,668 | 100.0% | S100XV38 |
| Cost of revenue | 15,839 | 33.2% | S100XV38 |
| Gross profit | 31,829 | 66.8% | S100XV38 |
| SG&A | 27,724 | 58.2% | S100XV38 |
| Operating income | 4,104 | 8.6% | S100XV38 |
| Ordinary income | 3,586 | 7.5% | S100XV38 |
| Pretax income | 3,235 | 6.8% | S100XV38 |
| Income tax | -384 | -0.8% | S100XV38 |
| Net income | 3,620 | 7.6% | S100XV38 |
| Net income attributable to owners | 3,547 | 7.4% | S100XV38 |

## Per ¥100 of revenue（FY ending Mar 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 33 |
| SG&A | 58 |
| Operating income | 9 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 66.8% → Operating margin 8.6% → Net margin 7.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +1.4%; Core profit growth: -2.5%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -1.79×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2024 → FY ending Mar 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 47,020 | 47,668 | 648 | +1.4% |
| Gross profit | 31,310 | 31,829 | 519 | +1.7% |
| Operating income | 4,208 | 4,104 | -104 | -2.5% |
| Net income attributable to owners | 1,831 | 3,547 | 1,716 | +93.7% |
| Operating cash flow | 3,812 | 5,462 | 1,650 | +43.3% |
| Free cash flow | 1,234 | 3,926 | 2,692 | +218.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2019 | 66,871 | 4,281 | 6.4% | 2,283 | 6,449 | 3,844 | S100IZUL |
| FY ending Mar 2020 | 63,678 | 3,579 | 5.6% | 1,003 | 4,259 | -3,075 | S100LR8L |
| FY ending Mar 2021 | 20,044 | -11,191 | -55.8% | -16,214 | -9,713 | -10,910 | S100OSU8 |
| FY ending Mar 2022 | 39,482 | 2,089 | 5.3% | 1,877 | 6,652 | 6,276 | S100R3C5 |
| FY ending Mar 2023 | 45,532 | 3,681 | 8.1% | 4,108 | 3,545 | 2,040 | S100TUCM |
| FY ending Mar 2024 | 47,020 | 4,208 | 8.9% | 1,831 | 3,812 | 1,234 | S100XV38 |
| FY ending Mar 2025 | 47,668 | 4,104 | 8.6% | 3,547 | 5,462 | 3,926 | S100XV38 |

## People and productivity（FY ending Mar 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥27.6M |
| Operating income per employee (consolidated) | ¥2.4M |
| Net income per employee (consolidated) | ¥2.1M |

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

| History | FY ending Mar 2021 | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 1,731 | 1,605 | 1,619 | 1,661 | 1,725 |
| Average salary (parent company) | ¥4.4M | ¥4.3M | ¥4.6M | ¥4.7M | ¥4.7M |
| Average age (parent company) | 32.4 years | 32.8 years | 32.5 years | 32.5 years | 32.4 years |
| Average tenure (parent company) | 6.0 years | 6.0 years | 6.0 years | 6.0 years | 7.0 years |

Year over year: Employees (consolidated) +3.9% · Revenue (consolidated) +1.4%

## Segments（FY ending Mar 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Domestic wedding | 46,294 | 97.1% | 5,844 | 12.6% |
| Other | 1,374 | 2.9% | 370 | 26.9% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Domestic wedding | 97.1% | 94.0% | -3.1 | 12.6% |
| Other | 2.9% | 6.0% | 3.1 | 26.9% |

Segment → industry: Domestic wedding → Weddings

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 5,462 | 11.5% | S100XV38 |
| Capital expenditure | 1,536 | 3.2% | S100XV38 |
| Free cash flow | 3,926 | 8.2% | 算出 |
| Investing cash flow | -786 | -1.6% | S100XV38 |
| Financing cash flow | -5,001 | -10.5% | S100XV38 |
| Dividends paid | 379 | 0.8% | S100XV38 |
| Share buyback | 2,001 | 4.2% | S100XV38 |
| Change in cash | -325 | -0.7% | S100XV38 |
| Cash and equivalents | 8,809 | 18.5% | S100XV38 |

## 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 2021 | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 4,203 | 11,468 | 12,218 | 9,134 | 8,809 | S100R3C5, S100TUCM, S100XV38 |
| Total assets | 48,578 | 54,032 | 55,235 | 54,380 | 53,241 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Net assets | 7,237 | 11,843 | 15,753 | 16,963 | 18,211 | S100R3C5, S100TUCM, S100XV38 |
| Share capital | 5,264 | 2,000 | 100 | 100 | 100 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Property, plant and equipment | 32,214 | 29,110 | 27,112 | 29,921 | 28,429 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Intangible assets excluding goodwill | 256 | 222 | 226 | 375 | 351 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Goodwill | 60 | 30 | 3 | — | — | S100OSU8, S100R3C5, S100TUCM |
| Investment securities | 105 | 79 | 77 | 15 | 15 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Current assets | 7,912 | 15,644 | 17,281 | 14,750 | 14,515 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Current liabilities | 22,345 | 24,449 | 15,290 | 13,789 | 14,049 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Short-term borrowings | 11,105 | 10,280 | 1,410 | 640 | 880 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Long-term borrowings | 13,992 | 13,111 | 19,621 | 16,949 | 14,310 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Total liabilities | 41,340 | 42,188 | 39,481 | 37,416 | 35,029 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Non-controlling interests | — | — | — | — | 72 | S100XV38 |
| Equity attributable to owners of parent | 7,178 | 11,802 | 15,715 | 16,963 | 18,138 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Retained earnings | -3,118 | -1,394 | 2,610 | 3,845 | 7,013 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |
| Treasury stock | -184 | -176 | -162 | -66 | -49 | S100OSU8, S100R3C5, S100TUCM, S100XV38 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 17% | S100XV38 |
| Property, plant and equipment | 53% | S100XV38 |
| Intangibles and goodwill | 1% | S100XV38 |
| Investment securities | 0% | S100XV38 |
| Other assets | 29% | S100XV38 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 66% | S100XV38 |
| Equity | 34% | S100XV38 |
| Other liabilities | 0% | S100XV38 |

### Balance sheet history

| Metric | FY ending Mar 2021 | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 48,578 | 54,032 | 55,235 | 54,380 | 53,241 |
| Equity | 7,237 | 11,843 | 15,753 | 16,963 | 18,211 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 4,203 | 11,468 | 12,218 | 9,134 | 8,809 |

## 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) | 59.6% | S100XV38 |
| Fixed assets ÷ total assets | 53.4% | S100XV38 |
| Goodwill ÷ parent equity | — | —, S100XV38 |

### 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) | 16.5% |
| Cash ÷ revenue | 18.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 133.1% |
| Cash vs. profit gap | 1,915 JPY mn (of net income 54.0%) |
| Shareholder returns / net income | 67.1% |
| Shareholder returns / FCF | 60.6% |
| Shareholder payments — dividends / net income | 10.7% |
| Shareholder payments — dividends / FCF | 9.7% |
| CapEx intensity (capex ÷ revenue) | 3.2% |
| Investing CF relative to operating CF | 14.4% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | — | —× | -33.4% | —× | — | S100OSU8 |
| 2022 | 4.8% | 0.77× | 3.7% | 5.41× | 19.8% | S100R3C5 |
| 2023 | 9.0% | 0.83× | 7.5% | 3.97× | 29.9% | S100TUCM |
| 2024 | 3.9% | 0.86× | 3.3% | 3.35× | 11.2% | S100XV38 |
| 2025 | 7.4% | 0.89× | 6.6% | 3.07× | 20.2% | S100XV38 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 野 尻 佳 孝 | Major shareholder | 16.9% | 2025-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 10.6% | 2025-03-31 |
| TUNAGU INVESTMENTS PTE.LTD.（常任代理人シティバンク、エヌ・エイ東京支店カストディ業務部） | Major shareholder | 7.5% | 2025-03-31 |
| 株式会社東京ウエルズ | Major shareholder | 7.1% | 2025-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 4.2% | 2025-03-31 |
| 株式会社ユニマットライフ | Major shareholder | 3.8% | 2025-03-31 |
| ウェルズ通商株式会社 | Major shareholder | 3.0% | 2025-03-31 |
| BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) （常任代理人株式会社三菱ＵＦＪ銀行） | Major shareholder | 2.6% | 2025-03-31 |
| NOMURA SINGAPORE LIMITED CUSTOMER SEGREGATED A/C FJ-1309 （常任代理人野村證券株式会社） | Major shareholder | 2.1% | 2025-03-31 |
| RE FUND 107－CLIENT AC （常任代理人シティバンク、エヌ・エイ東京支店カストディ業務部） | Major shareholder | 2.1% | 2025-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第27期(2024/04/01－2025/03/31) | S100XV38 | 2026-03-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XV38,, |
| 有価証券報告書－第26期(2023/04/01－2024/03/31) | S100TUCM | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TUCM,, |
| 有価証券報告書－第25期(2022/04/01－2023/03/31) | S100R3C5 | 2023-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R3C5,, |
| 訂正有価証券報告書－第24期(令和3年4月1日－令和4年3月31日) | S100OSU8 | 2022-07-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OSU8,, |
| 有価証券報告書－第23期(令和2年4月1日－令和3年3月31日) | S100LR8L | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LR8L,, |
| 有価証券報告書－第22期(平成31年4月1日－令和2年3月31日) | S100IZUL | 2020-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100IZUL,, |

## 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).