TAKAYOSHI Holdings, INC. (9259) Stock Price

Takayoshi Holdings operates "Wakuwaku Hiroba," a physical shared shop concept, across Japan. The company provides sales channels to local producers by sharing retail shelf space. Takayoshi manages store operations including shelf management and checkout services, while vendors independently deliver and display their own products at the store.

The company's primary customers are local farmers, prepared food shops, bakeries, food manufacturers, and consumers. Takayoshi functions as a platform for producers. Transactions are based on consignment sales, where Takayoshi temporarily holds customer payments and generates revenue by deducting a sales commission (typically 50-80% depending on product category) before paying producers the remainder.

The business is concentrated in a single segment: the shared shop operation, with approximately 180 stores nationwide. Product categories include prepared foods, side dishes, and bread at approximately 31%; vegetables and fruits at approximately 29%; processed foods at approximately 28%; and other items at approximately 12% (as of September 2025). Approximately 80% of stores are located in shopping malls as tenants, with the remainder as roadside locations. The company's competitive strengths include a registration-based system that reduces burden on producers, regional supply chain formation, and low-cost store operations.

The company has adopted a growth strategy centered on expanding its "marketplace" and "user base," aiming to increase operating revenue and profits through growth in total transaction volume. Specifically, the company is closely monitoring the expansion of its physical share-shop chain "Wakuwaku Hiroba" (currently approximately 180 stores) and growth in the number of registered producers as key metrics. By coordinating these efforts, the company aims to increase total transaction volume. Product categories are diversified, with prepared foods, side dishes, and bread accounting for approximately 31%, fresh produce for approximately 29%, and processed goods for approximately 28%, allowing the company to secure stable sales while avoiding dependence on a single product category.

The company is prioritizing investment in store expansion and human resources strengthening. For store expansion, the company combines regional dominance strategy with aggressive entry into new markets, developing both mall-based formats (approximately 80%) and smaller, lower-cost store formats. For producer acquisition, the company has established a dedicated department to strengthen continuous outreach and recruitment activities targeting farmers and food processors nationwide, while enhancing appeal through convenient logistics options and detailed sales information. For differentiation, the company emphasizes creating a destination through exclusive products unavailable elsewhere and providing customer confidence through transparent shelf-life management that maintains freshness.

For new market development, the company leverages its existing local supply chain to enable low-cost entry into unserved regions, pursuing area expansion with future dominance in mind. The company has established evaluation processes for potential store locations and standardized post-opening operational procedures to improve store opening efficiency. Even in regions where store expansion is challenging, the company aims to establish operations through flexible product assortment and producer sourcing. Additionally, to mitigate natural disaster risks, the company has established a system utilizing parcel delivery services and its own logistics centers to supplement supply from less-affected regions.

Regarding technological innovation, the company is strengthening its proprietary information system, providing producers with real-time visibility into "when, what, how much, and at what price" products are selling via smartphone or computer. This encourages producer participation and aims to increase product variety and appeal. The company is also pursuing platform value enhancement through combined IT and logistics investments, including logistics reforms to improve freshness, operation of logistics centers in select regions, and partnerships with local governments and NPOs to reduce food waste.