Kakiyasu Honten Co.,Ltd.
2294・Prime Market・Foods
Meat Business
A specialty meat retail business centered on Matsusaka Beef and branded beef. A core segment accounting for approximately 38% of group sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (full year, FY2026 ending April 2026) | ¥13,573 million | ¥13,809 million (full year, FY2025 ending April 2025) | ↓ |
| Segment profit (full year, FY2026 ending April 2026) | ¥1,020 million | ¥777 million (full year, FY2025 ending April 2025) | ↑ |
| Segment profit margin (full year, FY2026 ending April 2026) | 7.5% | 5.6% (full year, FY2025 ending April 2025) | ↑ |
| Depreciation and amortization (full year, FY2026 ending April 2026) | ¥192 million | ¥238 million (full year, FY2025 ending April 2025) | ↓ |
| Segment assets (end of FY2026 ending April 2026) | ¥3,336 million | ¥3,264 million (end of FY2025 ending April 2025) | ↑ |
Business Details
Centered on Matsusaka Beef and the in-house brand Kakiyasu Gyu (Mie), the company operates specialty stores offering a wide range of products from branded beef, pork, and chicken from across Japan to processed meat products and prepared foods. It maintains an in-house integrated system from procurement at carefully selected contracted farms to carcass processing, providing in-store sales and gift delivery direct from production areas under thorough hygiene and temperature control. The company is also focusing on multi-format store development combined with the Prepared Foods Business and Japanese Confectionery Business, as well as online sales utilizing the Nikuyoyaku (Web Reservation Service) system and e-commerce site.
Recent Overview
Sales decreased 1.7% year on year, but segment profit rose sharply by 31.3%, significantly improving profitability.
In the Meat Business for FY2026 (ending April 2026), sales declined slightly to ¥13,573 million (down 1.7% year on year), while segment profit rose substantially to ¥1,020 million (up 31.3% year on year). Store openings and closures consisted of 1 opening (Joinus Yokohama Meat Shop) and 3 closures. The special sales events for the in-house brand Kakiyasu Gyu (Mie) proved highly popular, leading to a decision to expand the target stores and hold the events on a regular basis. Meat Day events utilizing the Nikuyoyaku Web reservation system were also continued.
Key Products
Growth Drivers
- Creating sales opportunities by expanding target stores and regularizing the special sales events for the in-house brand Kakiyasu Gyu (Mie)
- Expanding online sales via the Nikuyoyaku Web reservation system and e-commerce site
- Strengthening promotional measures such as thank-you bags and special products during seasonal events including year-end/New Year and Meat Day
- Improving customer traffic through multi-format store development combined with the Prepared Foods Business and Japanese Confectionery Business
- Differentiation through high-value-added Matsusaka Beef and branded beef products, and securing profit through price revisions
Risks
- Rising procurement costs due to soaring raw material prices for beef, pork, etc.
- Profit pressure from rising labor costs (wage increases)
- Decline in customer count and spending per customer due to household frugality and worsening consumer sentiment
- Risks related to food safety and hygiene management (food poisoning, foreign object contamination, etc.)
- Impact on imported beef procurement costs from US trade policy and geopolitical risks
- Risk of store closures due to closure or downsizing of host facilities such as department stores
Last updated: July 25, 2025