Yakiniku Sakai Holdings Inc.
2694・Standard Market・Retail Trade
Business
Yakinikuya Sakai Holdings Co., Ltd. is a restaurant holding company operating a diverse range of formats, including Nikushou Sakai, Yakinikuya Sakai, Heiroku Sushi, Toriaezu Gohei, Murasaki, Omuraisu-tei, Agetenya, Kabe no Ana, and Furansu-tei. The company operates a total of 448 stores (290 directly managed and 158 franchised) both domestically and overseas (as of the end of FY2026 (ending March 2026)), covering a wide range of formats and locations, including RINKU FOOD PARK, which captures inbound demand, the French restaurant Dominique Bouchet Tokyo, and food and beverage operations at the Shikoku Aquarium. Its main customers are domestic families and casual diners for everyday use, as well as inbound foreign visitors to Japan. Its parent company is G-Communications Co., Ltd., and the company is listed on the Standard Market of the Tokyo Stock Exchange.
Business Model
The primary revenue source is food and beverage sales at 290 directly operated stores, with sales of ¥24,249 million in FY2026 (ending March 2026). In addition, product sales and franchise income from 158 FC stores supplement revenue. Overseas, the company leverages the FC model to expand into China, the Asia region, Indonesia, and other markets while limiting initial investment (18 stores as of the end of the current period). Capital expenditure was ¥1,288 million in the current period, focused mainly on new store openings, format conversions, and existing store renovations, with EBITDA managed as a key KPI for capital efficiency.
Company Strengths
The company operates multiple formats—yakiniku, sushi, izakaya, fast food, Italian, French, steak, etc.—through several consolidated subsidiaries, giving it a structure that can diversify demand fluctuation risk associated with any specific format. In FY2026 (ending March 2026) as well, the Yakiniku, Sushi, and Daily Meals businesses performed steadily, offsetting seasonal fluctuations in the Izakaya business.
As of the end of FY2026 (ending March 2026), the company operates a total of 448 stores domestically and internationally, comprising 290 directly-managed stores and 158 franchise (FC) stores. Domestically, stores are distributed across the greater Tokyo area, the Kansai region, Kyushu, and elsewhere, while overseas the company operates 18 stores mainly in Asia through the franchise model. By leveraging the franchise model, the company has built a structure that allows it to expand its store network while limiting the burden on its own capital.
Kabe no Ana Co., Ltd. carried out a rebranding in March 2025, renewing its logo mark and menu, and has achieved steady business performance as a result. In addition, Takemoto Foods Co., Ltd. undertook a complete renewal as "RINKU FOOD PARK," a food theme park bringing together eight brands, strengthening its ability to capture inbound demand.
ENVALITH's Perspective
Performance Trend
Revenue maintained an expansionary trend, rising from ¥18,302 million in FY2022 to ¥24,249 million in FY2026. Operating profit, however, peaked at ¥530 million in FY2024 before deteriorating rapidly to ¥469 million in FY2025 and ¥157 million in FY2026, with net loss recorded for two consecutive periods at ¥614 million in FY2025 and ¥419 million in FY2026. As an external factor, surging prices of raw materials—including domestic rice—along with rising labor costs and utility expenses, have pressured profitability. In FY2026, the recognition of an impairment loss of ¥222 million and deferred tax expense of ¥284 million also contributed to the widening net loss. The company forecasts a return to profitability in FY2027 (ending March 2027) with net income of ¥107 million, though this is premised on an improvement in the cost environment.
Growth Strategy
Strengthening profitability through active store openings in growth formats, expansion of overseas franchise operations, and rebranding initiatives
Opened "Omuraisu-tei" at Aeon Mall Kitakyushu Yahatahigashi (June), and "Agetenya" at Tosu Premium Outlets (October) and Aeon Mall Kobe Kita (March). Actively expanding as the second pillar following the Yakiniku Business. New store openings are contributing to sales.
Overseas store count reached 18 at fiscal year-end (China, Taiwan, South Korea, Thailand, Indonesia, etc.). Continued franchise-based expansion of "Heiroku Sushi," "Tenohira Shokupan Usagi no Mori Bakery," "Murasaki," and others. Expansion into new areas such as the U.S., including the West Coast, is also being planned.
Kabe no Ana Co., Ltd. began a rebranding initiative in March 2025 involving logo and menu renewal, resulting in steady performance. Takemoto Foods Co., Ltd. rebranded as "RINKU FOOD PARK," a food-themed park featuring 8 brands, capturing inbound demand.
"Heiroku Sushi Ginza" opened in October 2025 as a flagship store in the Kanto region, aiming to raise brand awareness and expand sales for the Sushi Business. The Sushi Business showed steady sales performance, supported by increased demand for farewell and welcome parties in March and the effect of new store openings.
During the fiscal year, 9 stores were closed due to contract terminations, unprofitable store consolidation, and renovations, while 5 new stores were opened and 4 stores were acquired. The company continues cost management measures such as purchasing from multiple suppliers and production areas and changing suppliers and sourcing origins, aiming to return to profitability with operating profit of ¥399 million and net profit of ¥107 million in FY2027 (ending March 2027).
Last updated: July 19, 2026