Overview
Foods

TAKARA HOLDINGS INC.

Takara Holdings is a Japanese holding company operating through three core business segments: Takara Shuzo (domestic production and sales of shochu, sake, soft alcoholic beverages, and cooking seasonings including mirin), Takara Shuzo International Group (overseas manufacturing and sales of alcoholic beverages including Scotch whisky and sake, as well as wholesale distribution of Japanese food ingredients across the US, Europe, and Australia), and Takara Bio Group (development, manufacturing, and sales of life science reagents and instruments, CDMO services for gene therapy and regenerative medicine, and biopharmaceutical technology development). The group leverages fermentation and biotechnology expertise across both food/beverage and biomedical applications, with a global footprint spanning Japan, North America, Europe, China, and Australia.

Market Cap
¥520B
US$3.31B
EV
¥568B
US$3.62B
Stock¥2,693.5▼-5.39%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
19.6
x
LTM EV/EBIT
31.2
x
LTM PER
46.5
x
LTM PBR
2.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+33.7%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1Dec 18, 25ValueAct Capital Management, L.P. changed stake (2.03%→2.67%)
2Jan 30, 26ValueAct Capital Management, L.P. changed stake (7.81%→9.34%)
3May 12, 26ValueAct Capital Management, L.P. changed stake (9.34%→12.47%)
4Oct 15, 26Oasis Management Company Ltd. filed large shareholding report
5Oct 16, 26Oasis Management files new large shareholding report on Takara Holdings (filed Oct 15)
MC → EV Bridge
520BUS$3.31BMarket Cap125BUS$796M+ Debt81.8BUS$522M− Cash46.5BUS$296M− Inv. Sec.51.6BUS$329M+ NCI568BUS$3.62BEV
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Performance & Balance
Revenue 5Y (¥B)
301US$1.92B'22/3351US$2.24B'23/3339US$2.16B'24/3363US$2.31B'25/3394US$2.51B'26/3
EBITDA 5Y (¥B)
51.8US$330M'22/347.1US$300M'23/332.2US$206M'24/330.9US$197M'25/329.3US$187M'26/3
Net Income 5Y (¥B)
20.8US$132M'22/321.2US$135M'23/316.2US$103M'24/316.2US$103M'25/311.7US$74.6M'26/3
Capital Structure
63%
37%
EquityD/E 0.58xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
110US$699M43.8US$279M'22/3127US$812M44.6US$284M'23/3139US$884M42.8US$273M'24/3118US$751M65.6US$418M'25/3113US$719M71.1US$454M'26/3
Shareholders
Top 10 hold 45.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.25%
2
STATE STREET BANK AND TRUST COMPANY 505010 (Standing Proxy: Mizuho Bank, Ltd.)
9.07%
3
Mizuho Bank, Ltd.
4.99%
4
The Norinchukin Bank
4.43%
5
VALUEACT JAPAN MASTER FUND, L.P. (Standing Proxy: Citibank, N.A., Tokyo Branch)
3.11%
6
Meiji Yasuda Life Insurance Company
2.78%
7
Custody Bank of Japan, Ltd. (Trust Account)
2.77%
8
The Bank of Kyoto, Ltd.
2.59%
9
STATE STREET BANK AND TRUST COMPANY 510311 (Standing Proxy: Mizuho Bank, Ltd.)
2.54%
10
STATE STREET BANK AND TRUST COMPANY 510312 (Standing Proxy: Mizuho Bank, Ltd.)
2.49%
Management
12 officers
Mutsumi KIMURA
Representative Director, President
Apr 1985 Joined Takara Holdings Inc. Apr 2002 Director, Takara Bio Inc. Jun 2004 Managing Director, Takara Bio Inc. Jun 2007 Senior Managing Director, Takara Bio Inc. May 2009 Vice President and Director, Takara Bio Inc. Jun 2009 Representative Vice President, Takara Bio Inc. Jun 2014 Director, Takara Holdings Inc. Jun 2014 Senior Managing Director, Takara Shuzo Co., Ltd. Jun 2016 Representative Vice President, Takara Holdings Inc. Jun 2017 Director, Takara Shuzo Co., Ltd. (current) Jul 2017 Representative Director, President, Takara Shuzo International Co., Ltd. Jun 2018 Representative Director, President, Takara Holdings Inc. (current) Apr 2020 Director, Takara Shuzo International Co., Ltd. (current) Jun 2022 Director, Takara Bio Inc. (current)
1963-02-03
Masanao SUZUKI
Director
Apr 1988 Joined Takara Holdings Inc. Apr 2014 Representative Director, President, Takara Choun Co., Ltd. (currently Nagasaki Unso Co., Ltd.) Jun 2018 General Manager, Human Resources Department, Takara Holdings Inc. Jun 2018 General Manager, Administration Division and General Manager, Human Resources Department, Takara Shuzo Co., Ltd. Jun 2018 General Manager, General Affairs and Human Resources Department, Takara Shuzo International Co., Ltd. Apr 2020 General Manager, Human Resources Department, Takara Holdings Inc. Apr 2020 General Manager, General Affairs and Human Resources Department, Takara Shuzo Co., Ltd. Apr 2020 General Manager, General Affairs and Human Resources Department, Takara Shuzo International Co., Ltd. Apr 2023 Executive Officer, General Manager, Human Resources Department, Takara Holdings Inc. Apr 2023 General Manager, General Affairs and Human Resources Department, Takara Shuzo Co., Ltd. Apr 2023 General Manager, General Affairs and Human Resources Department, Takara Shuzo International Co., Ltd. Jun 2025 Director, Takara Holdings Inc. (current)
1964-08-27
Takashi SATO
Director
Apr 1995 Joined Takara Holdings Inc. Apr 2019 General Manager, Brand Strategy Department and General Manager, Liquor Sales Coordination Department, Takara Shuzo Co., Ltd. Apr 2020 General Manager, Sales Department, Takara Shuzo Co., Ltd. Apr 2024 Executive Officer, General Manager, Business Management Department, Takara Holdings Inc. Jun 2025 Director, Takara Holdings Inc. (current)
1971-09-23
Riko TOMOTSUNE
Director
Oct 2002 Registered as attorney-at-law (Daiichi Tokyo Bar Association); joined Tanabe Sogo Law Office Apr 2010 Member, Ethics Review Committee, Japan Self-Defense Forces Apr 2013 Partner, Tanabe Sogo Law Office (current) Jun 2018 Director, Takara Holdings Inc. (current) Jun 2020 Outside Director, Audit and Supervisory Committee Member, Kodensha Co., Ltd. (current) Apr 2024 Member, Evaluation Committee, Agriculture and Livestock Industries Corporation (current) Apr 2024 Member, Compliance Committee, Agriculture and Livestock Industries Corporation (current) Nov 2025 Registered as Certified Fraud Examiner
1972-02-17
Tomoko KAWAKAMI
Director
Apr 2009 Professor, Faculty of Commerce, Kansai University Aug 2012 Visiting Researcher, Blue Ocean Strategy Institute, INSEAD (France) (current) Jan 2013 Fulbright Scholar, Foster School of Business, University of Washington Oct 2013 Research Fellow, Asian Consumer Insight Institute, Nanyang Technological University (Singapore) Apr 2015 Professor, Graduate School of Business and Finance, Waseda University (current) Apr 2016 Secretary, Waseda Blue Ocean Strategy Institute, Waseda University Research Institute (currently Waseda Blue Ocean Shift Institute) (current) Apr 2019 Director, Institute for Marketing and Sustainability, Waseda University Smart Society Research Institute (currently Institute for Marketing & Sustainability) (current) Jun 2019 Director, Takara Holdings Inc. (current) Dec 2019 Examiner, Japanese Institute of Certified Public Accountants Examination Sep 2022 Invited Visiting Professor, Copenhagen Business School Sep 2022 Outside Director, OpenUp Group Inc. (formerly Opn-Up Group Inc.) (current) Mar 2023 Visiting Researcher, Shidler College of Business, University of Hawaii at Manoa Jun 2026 Outside Director, NS Solutions Corporation (current)
1965-05-03
Takao MOTOMIYA
Director
Jul 2016 Commissioner, Takamatsu Regional Taxation Bureau, National Tax Agency Jul 2017 Retired from the National Tax Agency Dec 2017 Certified Tax Accountant, Takao Motomiya Tax Accountant Office (current) Jun 2023 Director, Takara Holdings Inc. (current) Jun 2023 Auditor, Japan Brewing Association (current)
1956-12-10
Seiichiro SHIRAHATA
Director
Apr 2013 Executive Officer, Nippon Paint Co., Ltd. Oct 2014 Executive Officer, Nippon Paint Holdings Co., Ltd. Apr 2015 Senior Executive Officer, Nippon Paint Holdings Co., Ltd.; Representative Director, President, Nippon Paint Surf Chemicals Co., Ltd. Jan 2018 Managing Executive Officer, Nippon Paint Holdings Co., Ltd.; Representative Director, President, Nippon Paint Marine Co., Ltd. Mar 2018 Director and Managing Executive Officer, Nippon Paint Holdings Co., Ltd. Mar 2020 Managing Executive Officer, Nippon Paint Holdings Co., Ltd. Jan 2022 Advisor, Nippon Paint Holdings Co., Ltd. Mar 2023 Outside Director, Nabtesco Corporation (current) Jun 2024 Outside Director, Lintec Corporation (current) Jun 2025 Director, Takara Holdings Inc. (current)
1961-03-03
Teruaki MITSUI
Full-time Audit & Supervisory Board Member
Apr 1985 Joined Takara Holdings Inc. Apr 2015 General Manager, Accounting and Shared Services Department Jun 2017 Executive Officer, General Manager, Accounting and Shared Services Department; Audit & Supervisory Board Member, Takara Shuzo Co., Ltd. Apr 2020 Executive Officer, General Manager, Accounting Department, Takara Holdings Inc. Jun 2020 Full-time Audit & Supervisory Board Member, Takara Holdings Inc. (current) Jun 2021 Audit & Supervisory Board Member, Takara Shuzo Co., Ltd. (current) Jun 2021 Audit & Supervisory Board Member, Takara Shuzo International Co., Ltd. (current)
1961-11-11
Keisuke MORI
Full-time Audit & Supervisory Board Member
Apr 1985 Joined Takara Holdings Inc. Apr 2008 General Manager, Business Innovation Promotion Department Apr 2011 General Manager, Corporate Planning Department and General Manager, Business Innovation Promotion Department Apr 2012 General Manager, Business Management Department Apr 2015 General Manager, Business Management Department and General Manager, Business Support and IT Promotion Department Apr 2016 General Manager, Business Management Department Jun 2017 Executive Officer, General Manager, Business Management Department Jul 2017 Audit & Supervisory Board Member, Takara Shuzo International Co., Ltd. Jun 2018 Director, Takara Holdings Inc. Jun 2020 Audit & Supervisory Board Member, Takara Shuzo Co., Ltd. Jun 2025 Full-time Audit & Supervisory Board Member, Takara Holdings Inc. (current); Audit & Supervisory Board Member, Takara Shuzo Co., Ltd. (current); Audit & Supervisory Board Member, Takara Shuzo International Co., Ltd. (current)
1962-07-08
Akiko YOSHIMOTO
Audit & Supervisory Board Member
Jul 2019 Secretary General, Central Labour Relations Commission, Ministry of Health, Labour and Welfare Oct 2021 Retired from the Ministry Feb 2022 Senior Advisor, Boston Consulting Group (current) Jun 2022 Outside Director, TOENEC Corporation (current) Jun 2023 Audit & Supervisory Board Member, Takara Holdings Inc. (current) Jun 2024 Outside Director, Sumitomo Seika Chemicals Co., Ltd. (current)
1963-02-04
Masako YAKURA
Audit & Supervisory Board Member
Apr 1987 Registered as attorney-at-law (Osaka Bar Association) Apr 2000 Co-founder, Asuka Law Office; Partner (current) Apr 2013 Vice President, Osaka Bar Association; Director, Japan Federation of Bar Associations Jun 2020 Outside Director, Audit and Supervisory Committee Member, Taoka Chemical Co., Ltd. (current) Jan 2021 Outside Director, Jinto Paint Co., Ltd. (current) Apr 2022 Vice President, Japan Federation of Bar Associations May 2025 Outside Director, Audit and Supervisory Committee Member, Wakita & Co., Ltd. (current) Jun 2025 Audit & Supervisory Board Member, Takara Holdings Inc. (current)
1960-03-22
Aki MIYAGUCHI
Audit & Supervisory Board Member
Oct 1989 Joined Ota Showa Audit Corporation (currently EY ShinNihon LLC) Mar 1993 Registered as Certified Public Accountant Apr 2024 Opened Aki Miyaguchi Certified Public Accountant Office; Office Head (current) Jun 2024 Outside Director, Ichinen Holdings Co., Ltd. (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member, Sanyo Special Steel Co., Ltd. (current) Jun 2025 Audit & Supervisory Board Member, Takara Holdings Inc. (current) Jun 2026 Outside Audit & Supervisory Board Member, Konoike Transport Co., Ltd. (current)
1967-01-19
Large Shareholding Reports
ValueAct Japan Master Fund, L.P.
2026-10-22
12.47%→12.47%
Oasis Management Company Ltd.
2026-10-15
5.09%
Mizuho Bank, Ltd.
2026-07-23
4.94%→4.84%
Annual report (as of 2026-03-31): 4.99%
ValueAct Japan Master Fund, L.P.
2026-05-12
9.34%→12.47%
Norinchukin Bank
2026-05-12
4.76%→3.92%
Annual report (as of 2026-03-31): 4.43%
ValueAct Japan Master Fund, L.P.
2026-01-30
7.81%→9.34%
ValueAct Japan Master Fund, L.P.
2026-01-30
7.81%
ValueAct Japan Master Fund, L.P.
2026-01-30
7.81%→9.34%
Correction filing (name/detail fix only) — ratio carried over from the original filing
ValueAct Japan Master Fund, L.P.
2025-12-18
7.81%→7.81%
Morgan Stanley MUFG Securities Co., Ltd.
2025-08-21
3.16%→1.67%
ValueAct Japan Master Fund, L.P.
2025-08-21
7.81%
Correction filing (name/detail fix only) — ratio carried over from the original filing
ValueAct Japan Master Fund, L.P.
2025-08-20
7.81%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-23
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-15
Large Shareholding Report
EDINET
2026-07-23
Large Shareholding Report
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-19
中期経営計画
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-05-12
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2026-01-30
Change Report
EDINET
2026-01-30
Large Shareholding Report
EDINETAmended
2026-01-30
Change Report
EDINET
2025-12-18
Large Shareholding Report
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2025-08-21
Change Report
EDINET
2025-08-21
Large Shareholding Report
EDINET
2025-08-20
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-05-14
中期経営計画
FY ending Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-10-31
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-05-15
中期経営計画
FY ending Mar 2023
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