j-Group Holdings Corp.
3063・Growth Market・Retail Trade
Food & Beverage Business
Core business of J Group Holdings. Operates food and beverage establishments domestically and overseas under a multi-format, individual-store approach.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Q1 FY2027 (ending February 2027)) | ¥3,010 million | ¥2,858 million (Q1 FY2026 (ending February 2026)) | ↑ |
| Operating income (Q1 FY2027 (ending February 2027)) | ¥385 million | ¥340 million (Q1 FY2026 (ending February 2026)) | ↑ |
| Revenue (Full-year actual, reference) | ¥10,074 million (Full-year FY2026 (ending February 2026)) | — | — |
| Operating income (Full-year actual, reference) | ¥1,270 million (Full-year FY2026 (ending February 2026)) | — | — |
Business Details
The core business of the group, which operates multiple formats including izakaya, cafes, and restaurants. As of the end of May 2026, the company operated 116 stores across 66 formats (106 domestic stores, 1 overseas store, 9 franchise stores). The company adopts an "individual store philosophy," developing optimal formats according to location characteristics and customer segments, emphasizing the originality of each store rather than uniform chain expansion. The company is advancing group expansion through M&A in parallel with renovation of existing stores.
Recent Overview
The Food & Beverage Business achieved increased revenue and profit year on year, continuing to open new stores and performing solidly.
In Q1 FY2027 (ending February 2027) (March–May 2026), Food & Beverage Business revenue was ¥3,010 million (up 5.3% year on year), and operating income was ¥385 million (up 13.2% year on year), achieving increased revenue and profit. Subsidiary Edge of Cliff & Comrade newly opened "Lamb Rack Tokyo" (Chiyoda-ku, Tokyo) in May 2026. While consolidated results overall saw a significant revenue decline due to the reversal effect of the prior-period real estate sale, the Food & Beverage Business alone performed steadily.
Key Products
Growth Drivers
- Revenue improvement through renovation of existing stores and large-scale repairs
- Revenue contribution from new store openings (Lamb Rack Tokyo, etc.)
- Group expansion through M&A and support for improved performance and growth of acquired companies
- Expansion of the dining-out market driven by recovery in personal consumption and increased inbound demand
- Improved profitability through portfolio shift from large general izakaya to specialized, small-scale, and suburban stores
Risks
- Risk of cost ratio deterioration due to soaring raw material prices (rising food procurement costs)
- Risk of profit pressure from rising labor costs due to labor shortages and minimum wage revisions
- Risk of increased costs due to sustained high energy prices and rising utility costs
- Risk of expanded investment burden for new store openings and renovations due to rising construction costs
- Risk of expanded impairment losses (¥140,704 thousand recorded in the Food & Beverage segment in the prior period)
- Risk of temporary costs arising from store closures and format conversions
Last updated: May 29, 2026