WDI Corporation
3068・Standard Market・Retail Trade
Japan
Domestic restaurant business segment underpinning WDI Group's revenue base
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year, FY2026 (ending March 2026)) | ¥26,358 million | ¥23,371 million | ↑ |
| Segment operating profit (full year, FY2026 (ending March 2026)) | ¥2,186 million | ¥1,864 million | ↑ |
| Segment assets (full year, FY2026 (ending March 2026)) | ¥18,751 million | ¥15,614 million | ↑ |
| Depreciation and amortization (full year, FY2026 (ending March 2026)) | ¥581 million | ¥495 million | ↑ |
| Increase in tangible and intangible fixed assets (full year, FY2026 (ending March 2026)) | ¥1,679 million | ¥770 million | ↑ |
| Impairment loss (full year, FY2026 (ending March 2026)) | ¥261 million | ¥121 million | ↑ |
Business Details
WDI's core segment operating a diverse range of brands in Japan, including Capricciosa, Wolfgang's Steakhouse, Hard Rock Cafe, Tim Ho Wan, Sarabeth's, and Fu Xing Tree. Offering a wide range of formats from casual dining to premium steak, this is the largest segment, accounting for approximately 76% of consolidated net sales. Both sales and profit growth are being driven by the recovery in inbound demand and new store openings.
Recent Overview
Domestic net sales grew 12.8% year-on-year, with operating profit also growing strongly by 17.3%
In FY2026 (ending March 2026), the Japan segment achieved net sales of ¥26,358 million (up 12.8% year-on-year) and operating profit of ¥2,186 million (up 17.3% year-on-year). Expansion of inbound consumption and new store openings (a total of 9 stores: 3 Capricciosa, 1 Wolfgang's Steakhouse, 1 Tim Ho Wan, 1 Fu Xing Tree, 1 Hard Rock Cafe Rock Shop, and 2 Sarabeth's) contributed to sales growth. Meanwhile, the increase in tangible and intangible fixed assets rose significantly to ¥1,679 million from ¥770 million in the prior period, reflecting continued active capital investment. Impairment loss increased to ¥261 million (from ¥121 million in the prior period).
Key Products
Growth Drivers
- Continued recovery in inbound demand pushing up customer counts and average spend per customer
- Increase in average customer spend through price optimization (menu price revisions)
- Expansion of sales scale through new store openings (9 domestic stores opened in FY2026 (ending March 2026))
- Strong performance of core brands such as Capricciosa and Wolfgang's Steakhouse
- Enhancement of brand value and improvement in customer satisfaction through Q.S.C.A. improvement initiatives
- Strengthening the uniqueness of each brand under the key theme of "building trusted brands"
Risks
- Upward pressure on cost ratios due to soaring raw material and energy prices
- Increased labor costs due to labor shortages (workforce shortage from declining birthrate and aging population)
- Risk of sluggish personal consumption growth due to price increases
- Risk related to contract renewals and changes in terms with franchisors
- Risk of impairment losses on domestic stores (the Japan segment recorded an impairment loss of ¥261 million in FY2026 (ending March 2026))
- Expansion of financial burden due to increased capital investment accompanying aggressive new store openings
Last updated: June 25, 2026