Take and Give Needs revises FY225 earnings forecast downward

Take and Give Needs Co., Ltd. has revised its consolidated earnings forecast for FY2025, anticipating a shortfall in wedding bookings for Q3 despite aggressive advertising investments. Net sales are now projected at 35,450 million yen, unchanged from the previous forecast, but operating profit is revised downward by 300 million yen to 1,550 million yen, a 16.2% decrease. Ordinary profit is expected to be 1,200 million yen, down 250 million yen, and net income 300 million yen, a 200 million yen decrease.

The company's Q2 results showed a year-over-year decline in revenue and profit. Net sales were 21,306 million yen, down 1.9% year-over-year, and operating profit decreased significantly to -465 million yen from 583 million yen in FY2024 Q2. This decline is attributed to fewer weddings and facility closures in the domestic wedding business, a revenue decline in the hotel business, and increased advertising expenditures.

The hotel business continues to see climbing average room rates, with TRUNK (HOTEL) CAT STREET reporting 97,159 yen (up 16,792 yen year-over-year) and YOYOGI PARK at 97,708 yen (up 19,394 yen year-over-year). The company is expanding its wedding business by acquiring two facilities in Nagoya and entering inbound and casual wedding markets. Take and Give Needs also announced a change in its fiscal year-end from March to December, making the fiscal year ending December 2025 an irregular nine-month period.