UOKI CO.,LTD.
2683・Standard Market・Retail Trade
Business
Uoki Co., Ltd. was founded in 1971 in Yokohama City as an individually owned fresh fish shop, and now operates as a group including one consolidated subsidiary (Big Power Co., Ltd.). Its core Fresh Fish Business handles retail sales of fresh fish, sushi, and prepared side dishes, accounting for approximately 87.6% of net sales. The Food Service Business operates Conveyor-Belt Sushi Restaurants and similar establishments, while in the Real Estate Business, subsidiary Big Power handles tenant leasing management for supermarket facilities. Stores are located nationwide, centered on Kanagawa Prefecture, with a presence in Shizuoka, Aichi, Osaka, Hyogo, Hiroshima, Tokushima, and other areas. Consolidated net sales for the fiscal year ended February 2025 were ¥9,934 million. The company is listed on the Standard Market of the Tokyo Stock Exchange.
Business Model
The core Fresh Fish Business secures gross profit through specialty retail differentiated by freshness and technique, underpinned by cost competitiveness from joint procurement with markets, trading companies, and manufacturers. The Food Service Business operates Conveyor-Belt Sushi Restaurants and other outlets leveraging the seafood procurement and processing know-how of the Fresh Fish Business. The real estate leasing management business operated by subsidiary Big Power provides the group with stable tenant income, underpinning earnings. The company is also diversifying its revenue sources through the development of Private Brand (PB) Products and expansion of EC and wholesale sales channels.
Company Strengths
Since its founding in Yokohama in 1971, the company has continued operations as a specialty store focused on fresh fish retail sales. It listed on the Second Section of the Tokyo Stock Exchange in 2002 and transitioned to the Standard Market in 2022. A joint procurement system leveraging long-standing trading relationships with markets, trading companies, and manufacturers, combined with differentiation centered on freshness and technique, forms a competitive advantage over rivals.
The company operates stores across 13 prefectures and metropolitan areas nationwide, centered on Kanagawa Prefecture (37.88% of sales composition), along with Shizuoka (10.57%), Hyogo (11.67%), and Hiroshima (9.28%). It maintains diverse store formats including station buildings, department stores, and shopping malls, and opened 4 new stores (3 Fresh Fish Business, 1 Food Service Business) in FY2025 (ending February 2025).
The Real Estate Leasing Management Service operated by consolidated subsidiary Big Power has seen external customer sales continuously increase, from ¥331 million in FY2024 (ending February 2024) to ¥371 million in FY2025 (ending February 2025) to ¥402 million in FY2026 (ending February 2026). Segment profit rose 70.0% year on year to ¥34 million in FY2025 (ending February 2025), contributing to the stabilization of group earnings.
ENVALITH's Perspective
Performance Trend
Revenue peaked at ¥11,042 million in FY2022 (ending February 2022) but has since remained sluggish, contracting to ¥9,493 million in FY2026 (ending February 2026). In Q1 FY2027 (ending February 2027), revenue was ¥2,319 million (down 1.7% year on year), continuing the year-on-year decline. Operating profit was ¥7 million (down 40.0% year on year), deteriorating on a core business basis. However, due to the recording of ¥30 million in cooperation payments received from a developer in connection with a new store opening, ordinary profit rose sharply to ¥40 million (up 225.6% year on year) and quarterly net profit rose to ¥25 million (up 172.4% year on year). Externally, rising raw material prices, increased logistics costs, and price increases stemming from yen depreciation are squeezing personal consumption, weighing on the recovery of revenue. The full-year forecast remains unchanged at revenue of ¥9,500 million, operating profit of ¥70 million, and net profit of ¥30 million.
Growth Strategy
Aiming for revenue expansion through three pillars: new store openings, rollout of the new business format Kisen, and strengthening of existing stores
Continued store openings through new developer outreach; opened 3 new stores in Q1 FY2027 (ending February 2027), including 1 Kisen Sushi & Don Takeout Specialty Store. Contribution fees received in connection with new store openings also contributed to revenue. The company aims to recover its sales scale through continued store openings throughout the fiscal year.
Rolling out Kisen Sushi & Don Takeout Specialty Store, which leverages the freshness and regional characteristics of local Kanagawa ingredients as its strength. The first store opened in Q1 FY2027 (ending February 2027), aiming to acquire new customer segments and strengthen revenue in the Food Service Business.
Continuing measures to increase customer traffic through improvements in product assortment, quality, price, and service. Also promoting stronger development of Private Brand (PB) Products and expansion of EC and wholesale sales channels to boost sales at existing stores. In Q1 FY2027 (ending February 2027), existing store sales trended below the previous year, making the realization of these measures' effects a key challenge.
Based on a resolution by the Board of Directors on June 10, 2026, a restricted stock compensation plan was introduced for directors, executive officers, and subsidiary directors. On July 9, 2026, the disposal procedure for 5,000 shares of common stock (total disposal value of ¥5,005,000) was completed. The plan aims to sustainably enhance corporate value and share value with shareholders.
Last updated: July 17, 2026