Takara Holdings - Company History

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Financial history 1966–2026 — revenue, cost structure, balance sheet, cash flow and key ratios, year by year →

Founded 1925
Founder Yomo Usaburo (四方卯三郎)
Founding location 京都市伏見区
Core business at founding Manufacture of mirin, shirozake and shochu
Listed 1949
President Kimura Mutsumi President since 2018 (age 63, as of 2026)
Current priority Overseas expansion · Group integration Expanding the overseas wholesale business in Japanese foodstuffs and integrating Takara Bio
Founding
In September 1925 Takara Shuzo was incorporated at Takenaka-cho, Fushimi-ku, Kyoto with capital of ¥550,000, and Yomo Usaburo (四方卯三郎) took office as its first president. Its origins lay in Yomo Gomei Kaisha, founded in 1905 by Yomo Unosuke (四方卯之助), which handled three products — mirin, shirozake and shochu — and which in 1916 brought in Omiya Kurakichi (大宮庫吉) from Uwajima and began making new-style shochu by continuous distillation. On incorporation the new company absorbed Yomo Gomei, and its articles set out the business as alcoholic drinks, spirit, soft drinks, pharmaceutical goods and seasonings. Based in a district famous for sake, it did not make sake its mainstay; it widened its plant network by merger, from Teikoku Shuzo in 1926 to Nihon Shusei in 1947, and in May 1949 listed on the Tokyo, Osaka and Nagoya stock exchanges. In 1952 it was sold two monopoly alcohol plants by the government, at Shimabara and Takanabe.
The Decision
The loss-making business was cut away over ten years, and in the middle of that retreat money was placed on the next line of research. Beer, which the company entered in April 1957 by building the Kizaki brewery, could not be given a sales route in a trade where wholesalers handled a single brand, and from the 1962 financial year it paid no dividend for five years running. When ordinary profit for the year to March 1966 fell to $175,000 (¥63m), Omiya Takashi (大宮隆), who became president that year, decided on a complete withdrawal from beer — the business on which his adoptive father Omiya Kurakichi had set his heart — and by the year to March 1967 ordinary profit was back to $1.4M (¥505m). In September 1970, while the retreat was still under way, it opened a central research laboratory at Otsu in Shiga; running costs of about $277,778 (¥100m) a year were a heavier burden than the $175,000 (¥63m) of ordinary profit earned in the 1965 financial year. Placing fixed costs larger than its profits on research is what produced, thirty-two years later, a separate listed company in Takara Bio.
Today
What earns the money is not the business of making drinks but the business of wholesaling Japanese foodstuffs abroad. In April 2002 the company moved to a holding structure and split into Takara Shuzo and Takara Bio, and for the twenty-four years since has run drinks and biotechnology as separate legal entities. Consolidated revenue for the year to March 2026 was $2.5B (¥394bn) and operating profit $108.1M (¥17bn). By segment, the Takara Shuzo International Group had sales of $1.4B (¥222bn) and segment profit of $89.8M (¥14bn), Takara Shuzo $746.1M (¥118bn) and $36M (¥6bn), and the Takara Bio Group $254.8M (¥40bn), with an operating loss of $29.7M (¥5bn) and an impairment loss of $24.7M (¥4bn). Sales by region were $929.4M (¥147bn) in Japan against $825.1M (¥131bn) in the United States and $739.1M (¥117bn) elsewhere. In July 2017 the overseas business was gathered into Takara Shuzo International, and in February 2026 the company made a $342.1M (¥54bn) tender offer for Takara Bio. Having undone the listing of a subsidiary alongside its parent, it finds its source of earnings not in the subsidiary that had been listed but in the wholesale network it bought up while keeping it unlisted.
Competition
Only when it went out into a larger market was it put at a competitive disadvantage. Production and sales in the year to March 1954 came to 494,000 koku in all, of which shochu was 330,000 koku; the company supplied three-tenths of all the shochu in Japan, seven-tenths of the mirin and honnaoshi and two-tenths of the monopoly alcohol, and stood first in the drinks trade. In beer, for which it was licensed in 1955, it could not get inside the sales routes of established brewers such as Asahi, and in July 1967 it transferred the Kyoto brewery to Kirin and in April 1968 the Kizaki brewery to Sapporo Breweries. Takara Shochu Jun, launched in 1977, won shochu back, and in the year to March 1985 non-consolidated shochu sales of $236.4M (¥56bn) overtook sake at $121.6M (¥29bn) to take first place. It held first place only in the smaller markets of shochu and mirin; into Scotch and bourbon it could enter only in the form of buying, in February 1986, the assets of Tomatin of Britain, by then a company in liquidation.

Timeline

1925–1956From the reorganisation of Yomo Gomei to first place in the drinks trade

  1. 1925Takara Shuzo incorporated at Fushimi, Kyoto with ¥550,000 capital
  2. 1926Teikoku Shuzo of Ichikawa absorbed
  3. 1929Taisho Seishu absorbed, bringing the Oji plant into the group
  4. 1933Shochikubai Shuzo established; the sake Shochikubai goes into production
  5. 1940Manchuria Shochikubai Shuzo set up in Hsinking
  6. 1943Beer and spirit works built in Hong Kong; joins the founding of Toa Kagaku Kogyo
  7. 1947Nihon Shusei absorbed with the Kizaki, Kusunoki and Hofu plants
  8. 1947Shirakawa plant bought from Daikoku Budoshu
  9. 1949Shares listed in Tokyo, Osaka and Nagoya in May, and in Kyoto in July
  10. 1952Monopoly alcohol plants at Shimabara and Takanabe bought from the government
  11. 1952Chuo Shurui absorbed, adding the Ichikawa, Nada No. 1 and Kagoshima plants
  12. 1954Nada No. 2 plant, today's Shirakabegura, bought from Settsu Shuzo
  13. 1955Beer manufacturing licence obtained; the Kizaki plant is re-equipped

1957–1976The failure in beer, and the laboratory opened in the middle of the retreat

  1. 1957Kizaki brewery built; Takara Beer goes on sale
  2. 1959Sapporo plant built (closed March 2003)
  3. 1962Kyoto brewery opened for the Kansai market; no dividend for five years from this year
  4. 1964Ichikawa and Oji plants merged into a new works at Matsudo
  5. 1964Settsu Shuzo and Hontatsu Shuzo absorbed with their Osaka and Nagano plants
  6. 1966Omiya Takashi becomes president as ordinary profit falls to ¥63m
  7. 1967Kyoto brewery sold to Kirin Brewery
  8. 1968Kizaki brewery sold to Sapporo Breweries, completing the exit from beer
  9. 1970Central Research Laboratory opened at Otsu in Shiga

1977–2001The revival of shochu with Jun, and investing ahead at the peak

  1. 1977Takara Shochu Jun launched, reviving shochu
  2. 1982Shares in NUMANO SAKE CO. of California acquired; sake brewing begins in the United States
  3. 1984Takara Can Chu-Hi, Japan's first canned chu-hi, goes on sale
  4. 1985Shochu passes sake as the largest parent-only line, at ¥56.4bn
  5. 1986The Tomatin Distillery Co. Ltd founded in Scotland; Scotch production begins
  6. 1988Exclusive Japanese rights to Perkin-Elmer's PCR system won
  7. 1990Contract genome analysis turned into a business
  8. 1991Shares in AADC Holding Company, parent of Age International, acquired
  9. 1993Biotechnology subsidiary established in Dalian, China
  10. 1995Beijing food joint venture set up; the Hofu and Nada No. 1 plants close
  11. 2000Dragon Genomics high-speed analysis centre announced for Mie Prefecture

2002–2026The holding company, the handover to Japanese food abroad, and the reabsorption of Takara Bio

  1. 2002Corporate split: drinks to a new Takara Shuzo, biotechnology to a new Takara Bio
  2. 2002The old company becomes the holding company Takara Holdings
  3. 2004Takara Bio lists on the Mothers section of the Tokyo Stock Exchange
  4. 2005Clontech Laboratories of California acquired through Takara Bio USA Holdings
  5. 201080 per cent of FOODEX S.A.S. of France acquired
  6. 2016Mutual Trading Co., Inc. of the United States made a subsidiary
  7. 2017Rubicon Genomics and WaferGen Bio-systems acquired by Takara Bio
  8. 2017Overseas business split off into Takara Shuzo International
  9. 2020Approval obtained for the Takara SARS-CoV-2 Direct PCR Detection Kit
  10. 2022Moved to the Prime Market of the Tokyo Stock Exchange
  11. 202490 per cent of Kagerer & Co. GmbH of Germany acquired
  12. 2026Tender offer for Takara Bio announced in February; delisted in June

Founding Story

1925–1956From the reorganisation of Yomo Gomei to first place in the drinks trade

Between 1925 and 1956 Takara Shuzo turned a Fushimi family firm into the largest house in Japan's brewing and distilling trade, absorbing rival makers and buying state-run alcohol works until it operated fourteen plants. Its scale came from breadth rather than from any single product — shochu, mirin, honnaoshi, sake, monopoly alcohol, even fruit juice — and that habit of holding several categories at once would keep deciding what the company did next.

Absorbing Yomo Gomei, and starting out as an all-category drinks maker

Takara Shuzo's origins run back to the Yomo family, which had been brewing and distilling in Fushimi, Kyoto since Tenpo 13 (1842)[1]. Yomo Usaburo (四方卯三郎) established Yomo Gomei Kaisha in 1905 and began with three products: mirin (a sweet cooking rice wine), shirozake (a thick sweet sake) and shochu (a distilled spirit)[2]. The 寳 (Takara) trade mark had been registered for mirin in 1897[3]. In 1916 the firm brought in Omiya Kurakichi (大宮庫吉) from Uwajima on Shikoku — later its chairman — started making new-style shochu by continuous distillation, and enlarged the Fushimi works[4]. Output in the Yomo Gomei years ran to 80,000 koku of shochu, 20,000 koku of mirin, 5,000 koku of honnaoshi (mirin cut with shochu) and 300 koku of shirozake[5]. The company originated bottled shochu, and across Japan the name Takara had come to mean shochu[6]. In September 1925 Yomo Gomei Kaisha was reorganised as a joint-stock company, and Takara Shuzo Co., Ltd. was incorporated at Takenaka-cho, Fushimi-ku, Kyoto[7] with capital of ¥550,000[8]. Its articles of incorporation set out the business as the manufacture and sale of alcoholic drinks, spirit, soft drinks, pharmaceutical goods and seasonings[9]; on incorporation it absorbed Yomo Gomei Kaisha and began operating two plants, Fushimi and Kizaki[10].

As a joint-stock company Takara Shuzo widened its production base by merger: Teikoku Shuzo of Ichikawa in Chiba in October 1926, Taisho Seishu of Oji in Tokyo in June 1929, Tomo Homeishuya of Tomo in Hiroshima in September of the same year, and Nihon Shuzo of Hofu in Yamaguchi in January 1939[11], raising capital to ¥6,648,000[12]. The Oji plant taken over from Taisho Seishu was consolidated into the Matsudo plant in May 1964[13]. During the Taisho years, when new-style shochu was taking off, makers proliferated across the country and competition turned ruinous; Takara Shuzo led the formation of a national federation of new-style shochu makers and imposed production limits on every member[14]. In April 1933 it established Shochikubai Shuzo and began making the sake Shochikubai at four plants — Fushimi and Nada, together with the affiliated Miyako Shuzo and Kuretake Shuzo[15]. In March 1938 it transferred the Kizaki plant to Toa Shusei Kogyo[16].

Alcohol for the government under wartime control, and ventures into Manchuria and Hong Kong

After the outbreak of the Second Sino-Japanese War, food controls brought rationing of the raw materials for drinks, and with the founding of Dai Nippon Shurui Hanbai in 1941 distribution was controlled too and became priority allocation[17]. Sake output, which before the war had run at four to four and a half million koku a year, fell steeply from 1938 and reached 670,000 koku in the 1948 brewing year[18]. Short of raw materials and hemmed in by controls, Takara Shuzo turned most of its plant capacity to making alcohol for the government while continuing to supply its various drinks[19]. In April 1940 it set up Manchuria Shochikubai Shuzo in Hsinking, Manchuria, operating there as a Japanese sake maker[20], and in April 1943 it built a beer and spirit works in Hong Kong to brew beer in the tropics; both were confiscated at the end of the war[21]. Late in the war the Oji plant burned down in an air raid[22].

Its distilling capacity was also directed into stakes in national-policy companies: in March 1943 it joined in founding Toa Kagaku Kogyo — later Kyowa Hakko Kogyo — to make high-grade aviation fuel[23]. That firm was launched with ¥20 million of capital subscribed jointly by six companies — Toyobo, Dai Nippon Beer, Godo Shusei, Dai-ichi Mutual Life, Takara Shuzo and Nihon Shurui — and bought the Toyobo rayon plant at Hofu in Yamaguchi[24]. In April 1940 Daikoku Budoshu took Omiya Kurakichi as its president and became an affiliate of Takara Shuzo[25]. The presidency passed through two generations of the Yomo family before Omiya Kurakichi became the third president, with the former finance minister Ishiwata Sotaro (石渡荘太郎) brought in as senior adviser[26]. After the war the product range widened from shochu, mirin, honnaoshi and shirozake to take in sake, synthetic sake, whisky and wine, with monopoly alcohol made at five plants — Kizaki, Kusunoki, Hofu, Shimabara and Takanabe — and the alcohol added to sake made at every plant[27].

Buying the state alcohol plants, and first place in the trade

After the war Takara Shuzo added capacity by buying other firms and taking over state-run works: in June 1947 it bought the Shirakawa plant (closed March 2003) from Daikoku Budoshu[28]. In September of the same year it absorbed Nihon Shusei, taking over its Kizaki, Kusunoki and Hofu plants[29] together with Asahi Shuzo of Nagasaki[30]. In May 1949, when the Tokyo, Osaka and Nagoya stock exchanges opened, it listed its shares[31], and in July it listed on the Kyoto Stock Exchange as well[32]. In October 1952 it bought monopoly alcohol plants from the government[33], acquiring two works — Shimabara in Nagasaki and Takanabe in Miyazaki, today's Kurokabegura[34]. In November 1952 it absorbed Chuo Shurui, adding the Ichikawa, Nada No. 1 and Kagoshima plants[35], and in December 1954 it bought the Nada No. 2 plant, today's Shirakabegura, from Settsu Shuzo[36].

The plant network numbered fourteen[37], with total distilling capacity of 16,000 koku of moromi mash a day — the equivalent of more than a million koku of shochu a year[38]. In the year to March 1954 production and sales came to 494,000 koku in all: 330,000 koku of shochu, 10,000 of mirin, 14,000 of honnaoshi and 3,500 of sake among others[39], worth $35.5M (¥13bn)[40]. Takara Shuzo supplied 30 per cent of the country's shochu, 70 per cent of its mirin and honnaoshi and 20 per cent of its monopoly alcohol[41], and stood first in the Japanese brewing and distilling trade[42]. Capital rose through repeated issues from ¥25.8 million in September 1947[43] to $6.6M (¥2bn) in October 1953[44]. In November 1953 it tied up with the Ehime Prefectural Federation of Fruit and Vegetable Marketing Co-operatives to make and sell juice[45], and Takara Pon Juice, refined at the Matsuyama and Oji plants, shipped ten million bottles a year[46]. In September 1955, having obtained a beer manufacturing licence[47], Takara Shuzo set about extending and re-equipping the Kizaki plant to produce Takara Beer[48].

1957–1976The failure in beer, and the laboratory opened in the middle of the retreat

Takara Shuzo entered brewing in 1957 with a licence and a plant at Kizaki, and was out of it ten years later, selling both breweries to Kirin and Sapporo after five straight years without a dividend had cut ordinary profit to $175,000 (¥63m). The retreat shrank the company — more than a thousand jobs went over thirteen years — yet in the middle of it Takara opened a research laboratory at Otsu whose annual running cost was larger than the profit the whole firm was making.

The brewing licence, and the failure of Takara Beer

In the approvals for new plant construction issued on 1 September 1955, the three established brewers were allowed 100,000 koku each, while Takara Shuzo was granted 120,000 koku as a first tranche[49]. In April 1957 it built the Kizaki brewery[50] and entered the beer business[51]. For a maker whose mainstays were shochu, sake and hon-mirin, beer was a far larger market; it was also the venture on which the former chairman Omiya Kurakichi had staked the company's future[52], and capital was raised to fund the plant investment[53]. In October 1959 it built the Sapporo plant (closed March 2003)[54], and in March 1962 it opened the Kyoto brewery to move into the Kansai market[55]. In May 1964 it merged the Ichikawa and Oji plants into a new works at Matsudo[56], and in October of that year it absorbed Settsu Shuzo and Hontatsu Shuzo, taking over their Osaka and Nagano plants[57].

The business never found its footing. Beer distribution at the time was locked into an exclusive practice under which wholesalers handled a single brand[58], the wall put up by established brewers such as Asahi was high, and Takara Shuzo, arriving late, could not build a sales route[59]. Building a second brewery in Kyoto to push for expansion made the failure decisive instead[60]. Five years after Takara Beer went on sale in 1957 the Kansai push had failed too[61], and from the 1962 financial year the company paid no dividend for five years running[62]. Beer became a weight that ate the profits earned by the traditional drinks[63], and in the year to March 1966 ordinary profit fell to $175,000 (¥63m)[64]. When Omiya Takashi (大宮隆) became president in 1966, this loss-making business was the heaviest pressure on the company[65].

President Omiya Takashi's complete withdrawal from beer

For Omiya Takashi, what he was withdrawing from was the venture his adoptive father, the former chairman Omiya Kurakichi, had begun as his life's ambition[66]. He judged nonetheless that if we carry on like this the company will collapse[67], and made a complete exit from beer the first task of his new presidency[68]. The retreat began with explaining it to customers: Omiya Takashi went round the trade setting out the position, and used the company's banks as intermediaries in selling the plants[69]. The Kyoto brewery went to Kirin Brewery in July 1967[70] and the Kizaki brewery to Sapporo Breweries in April 1968[71]. Ten years after entering, Takara Shuzo was wholly out of beer[72]. It also began cutting surplus staff[73], shedding more than a thousand people over thirteen years[74].

With beer cut away, Takara Shuzo narrowed its resources back to its traditional mainstays — mirin, shochu, synthetic sake and alcohol[75]. The effect showed in the figures: ordinary profit, down to $175,000 (¥63m) in the year to March 1966, recovered to $1.4M (¥505m) in the year to March 1967[76]. Management at the time summed it up as the removal of a loss-making division through the separation of the beer operation, leaving a prospect of steady growth centred on the traditional main products[77]. Approaching its centenary, Takara Holdings has looked back on the ten years from entry in 1957 to withdrawal as a failure it learned from, and on biotechnology as the new growth business it took up in its place[78]. The laboratory it set up while it was shrinking is the source of that biotechnology business[79].

The Central Research Laboratory opened amid the retrenchment, and fermentation technology

In September 1970 Takara Shuzo opened its Central Research Laboratory at Otsu in Shiga[80]. Tanabe Osamu (田辺脩) was brought in as its director and research began with only five people[81], but the laboratory's annual running cost came to about $277,778 (¥100m)[82]. For a company whose ordinary profit in the 1965 financial year had been just $175,000 (¥63m)[83], this was a fixed cost larger than its profit, and objections came thick and fast from inside: why, at such a difficult time, spend on something that would not turn into near-term earnings?[84] Omiya Takashi defended the laboratory's survival with the argument that we have been fed by fermentation technology for many years, and we ought to give at least a little of it back to society[85], and even amid the retrenchment he kept adding researchers. Omiya Hisashi (大宮久), then a managing director, also talked the company round — the age of biotechnology is certain to come; the question is whether we do it or not[86] — and joined in getting the business off the ground.

The research rested on the fermentation technology the company had spent a long time refining in brewing and distilling; working out from the knowledge of micro-organisms accumulated in making shochu and spirit, Takara Shuzo widened its research from distilling technology into biotechnology[87]. Results did not come quickly, and in the early years little stood out beyond such work as the artificial cultivation of mushrooms. Even so the company set aside one per cent of sales every year for research and development[88], and by 1981 the Central Research Laboratory had grown to ninety people[89]. Building up basic research above all else, the laboratory went on to succeed in developing restriction enzymes — the first genetic-engineering reagents made in Japan. The laboratory opened in 1970 stayed inside the same legal entity as the drinks business until the corporate split of April 2002 transferred it to Takara Bio[90].

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Notes

  1. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji), Keizai Shunju-sha, 1968↩
  2. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji), Keizai Shunju-sha, 1968↩
  3. Takara Group Report 2025 (integrated report)↩
  4. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji), Keizai Shunju-sha, 1968↩
  5. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  6. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  7. Takara Holdings, securities report, corporate history section↩
  8. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji), Keizai Shunju-sha, 1968↩
  9. Takara Holdings, securities report, corporate history section↩
  10. Takara Holdings, securities report, corporate history section↩
  11. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  12. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  13. Takara Holdings, securities report, corporate history section↩
  14. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  15. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  16. Takara Holdings, securities report, corporate history section↩
  17. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the brewing industry overview↩
  18. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the brewing industry overview↩
  19. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  20. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  21. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  22. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  23. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Kyowa Hakko Kogyo entry↩
  24. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Kyowa Hakko Kogyo entry↩
  25. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Daikoku Budoshu entry↩
  26. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  27. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  28. Takara Holdings, securities report, corporate history section↩
  29. Takara Holdings, securities report, corporate history section↩
  30. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  31. Takara Holdings, securities report, corporate history section↩
  32. Takara Holdings, securities report, corporate history section↩
  33. Takara Holdings, securities report, corporate history section↩
  34. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  35. Takara Holdings, securities report, corporate history section↩
  36. Takara Holdings, securities report, corporate history section↩
  37. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  38. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  39. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  40. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  41. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  42. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  43. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  44. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  45. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  46. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  47. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  48. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the Takara Shuzo entry↩
  49. 会社銀行八十年史 (Eighty Years of Companies and Banks), vol. 2, Japanese corporate histories, 1955 — the brewing industry overview↩
  50. Takara Holdings, securities report, corporate history section↩
  51. Takara Group Report 2025 (integrated report)↩
  52. Nikkei Business, 31 March 1986, on the move into whisky and soft drinks (Yokota Shinichi)↩
  53. Nikkei Business, 31 March 1986, on the move into whisky and soft drinks (Yokota Shinichi)↩
  54. Takara Holdings, securities report, corporate history section↩
  55. Takara Holdings, securities report, corporate history section↩
  56. Takara Holdings, securities report, corporate history section↩
  57. Takara Holdings, securities report, corporate history section↩
  58. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  59. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  60. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  61. Nikkei Business, 2 November 1981, a case study of Takara Shuzo (Yoshino Gentaro)↩
  62. Nikkei Business, 2 November 1981, a case study of Takara Shuzo (Yoshino Gentaro)↩
  63. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  64. Takara Holdings, securities report for the year to March 1966 (parent only)↩
  65. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  66. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  67. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  68. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  69. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  70. Takara Holdings, securities report, corporate history section↩
  71. Takara Holdings, securities report, corporate history section↩
  72. Takara Group Report 2025 (integrated report)↩
  73. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  74. Nikkei Business, 2 November 1981, a case study of Takara Shuzo (Yoshino Gentaro)↩
  75. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji), Keizai Shunju-sha, 1968↩
  76. Takara Holdings, securities report for the year to March 1967 (parent only)↩
  77. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji), Keizai Shunju-sha, 1968↩
  78. Takara Group Report 2025 (integrated report)↩
  79. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  80. Takara Holdings, securities report, corporate history section↩
  81. Nikkei Business, 2 November 1981, a case study of Takara Shuzo (Yoshino Gentaro)↩
  82. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  83. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  84. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  85. Nikkei Business, 2 March 1992, Omiya Takashi in the Yukun Mukun column↩
  86. Shukan Toyo Keizai, 5 August 2000, on Takara Shuzo betting on the biotechnology business↩
  87. Takara Holdings, securities report, corporate history section↩
  88. Nikkei Business, 2 November 1981, a case study of Takara Shuzo (Yoshino Gentaro)↩
  89. Nikkei Business, 2 November 1981, a case study of Takara Shuzo (Yoshino Gentaro)↩
  90. Takara Holdings, securities report, corporate history section↩

References & sources

  1. Corporate Histories: A Century of Meiji, Keizai Shunju-sha (1968), the Takara Shuzo entry.
  2. Nikkei Business (Nikkei-McGraw-Hill / Nikkei BP): 2 Nov 1981, a case study of Takara Shuzo (Yoshino Gentaro); 31 Mar 1986, on the move into whisky and soft drinks while shochu was still healthy (Yokota Shinichi); 2 Mar 1992, Omiya Takashi in the column; 14 Feb 1994, Omiya Hisashi on taking the presidency (Ishiguro Chikako); 17 Apr 2000, on the genome-analysis gamble (Hashimoto Muneaki).

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Data API

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/api/2531/company.json ·/api/2531/history.json ·/api/2531/ceo.json ·/api/2531/financials.json ·/api/2531/financials/segment.json ·/api/2531/financials/pl.json ·/api/2531/financials/cf.json ·/api/2531/financials/bs.json ·/api/2531/financials/employee.json ·/api/2531/financials/stock.json ·/api/2531/financials.csv ·/api/2531/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json