TETSUJIN Holdings, Inc.
2404・Standard Market・Services
Business
Tetsujinka Holdings Co., Ltd. is a holding company (12 consolidated subsidiaries) centered on the "Karaoke no Tetsujin" brand, operating businesses spanning food and beverage, beauty, and media content. The karaoke room operation business is the core segment, accounting for approximately 48% of net sales, with nationwide expansion centered on 36 stores in the greater Tokyo metropolitan area. The food and beverage business operates 15 stores across multiple brands including "Jikkyu" ramen and "Toritake," while the beauty business operates 57 salons under the "Bianca" and "Rich to" brands. The company transitioned to a holding company structure in February 2024 and is actively pursuing diversification of its business portfolio through M&A. Its primary customers are domestic general consumers (karaoke, dining out, beauty) and the inbound demand segment.
Business Model
The main revenue source is time- and service-based charges through directly operated karaoke rooms, restaurants, and beauty salons. In the karaoke business, differentiation through collaboration-focused specialty stores combined with operational cost reductions has achieved a segment profit margin of 16.5%. The restaurant business also leverages cost efficiency through franchise expansion and OEM conversion. The beauty business aims to expand scale by increasing treatment capacity through enhanced new graduate hiring. The company is promoting revenue diversification across the group by incorporating new businesses through M&A.
Company Strengths
Rolled out "Karaoke no Tetsujin Collab Mix," fully specialized in collaborations with anime and game content, in major cities nationwide. This differentiates the company from major competitors and establishes a competitive advantage in a niche market. The karaoke business segment profit margin for FY2025 (ending August 2025) remained at a high level of 16.5% (improved year on year).
The group has continuously expanded its scale through M&A, including the acquisition of the Rich to business in 2019, the acquisition of the Chokkyu business in 2020, making the Bianca Group a subsidiary in 2021, making Toritake a subsidiary in 2024, and making VANCOUR Promotion a subsidiary in 2025 (acquisition price of ¥480 million). This demonstrates a track record of moving away from dependence on a single business.
In September 2024, the company added Toritake, a specialty restaurant chain for yakitori (grilled chicken skewers) and unagi (eel dishes), to the group. Sales in the food and beverage business increased 61.7% year on year to ¥1,952 million, and segment profit increased 143.9% year on year to ¥137 million. Existing-store sales also remained solid, at 105% of the same period the previous year.
ENVALITH's Perspective
Performance Trend
Following five consecutive periods of revenue growth from FY2021 through FY2025 (¥5,241 million → ¥8,043 million), cumulative net sales for the first nine months (Q3 cumulative) of FY2026 (ending August 2026) accelerated to ¥7,745 million (up 27.4% year on year). Operating profit rose to ¥452 million (up 105.4% year on year), ordinary profit to ¥472 million (up 81.2% year on year), and quarterly net income attributable to owners of the parent to ¥411 million (up 35.9% year on year), marking substantial improvement across all profit metrics. The main driver of revenue growth was the new contribution from the staffing and event support business (¥1,597 million), consolidated in November 2025, along with organic growth in the food and beverage business (up 21.6% year on year) and the beauty business (up 10.6% year on year). External factors such as improved consumer sentiment driven by wage increases and the recovery in inbound demand also supported the BtoC businesses overall. Relative to the full-year forecast (net sales of ¥9,679 million, operating profit of ¥400 million), profit has already exceeded the full-year forecast, and expense trends in the fourth quarter will determine the final full-year outcome.
Growth Strategy
Simultaneously advancing nationwide rollout of collaboration-specialized karaoke, active store openings in dining and beauty businesses, and portfolio diversification through M&A
Actively opening collaboration-specialized stores featuring anime and game content, centered on regional cities. Three new stores were opened in the cumulative third quarter, and the recent performance of Collabo Mix stores has improved substantially. The company plans to continue promoting store openings in regional cities going forward.
New stores were opened during the cumulative third quarter for all brands, including "Jikyu," "Kanizanmai," "Akakara," and "Toritake." Against a backdrop of recovering demand for dining out, existing store sales remained solid at 106.9% year-on-year. Store openings are expected to continue into the fourth quarter, while anticipating increased initial costs associated with new openings.
Ten new stores were opened in the cumulative third quarter (exceeding the planned pace), and 79 new graduate stylists were hired. The company continues to strengthen practical technical training for its FY2026 new graduate hires as well as promotional activities via social media. Results are reflected in the numbers, with existing store sales at 107.7% year-on-year.
Vancoeur Promotion Co., Ltd. was consolidated in October 2025 and began operating as a new segment from November 2025. In the cumulative third quarter, it recorded net sales of ¥1,597 million and segment profit of ¥196 million, contributing significantly to the group's overall increase in revenue and profit. Stable growth is expected, centered on the reliable staffing business.
Learning from the risk of dependence on a single industry during the COVID-19 pandemic, the company continues to pursue active investment, including M&A, in businesses with expected profitability. Business diversification has progressed through the consolidation of Toritake (September 2024) and Vancoeur Promotion (October 2025). This policy will continue to be maintained going forward.
Last updated: July 17, 2026