Horiifoodservice Co., Ltd.
3077・Standard Market・Retail Trade
North Kanto Area
The company's largest revenue base segment, operating across Ibaraki, Tochigi, and Gunma prefectures
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (H1 FY2026 (ending November 2026), 6 months) | ¥1,316 million | ¥1,105 million (H1 FY2025 (ending November 2025), 6 months) | ↑ |
| Segment profit (H1 FY2026 (ending November 2026), 6 months) | ¥279 million | ¥148 million (H1 FY2025 (ending November 2025), 6 months) | ↑ |
| Segment profit margin (H1 FY2026 (ending November 2026)) | 21.2% | 13.4% (H1 FY2025 (ending November 2025)) | ↑ |
| Revenue (FY2025 (ending November 2025), 8 months) | ¥1,502 million | — | — |
| Segment profit (FY2025 (ending November 2025), 8 months) | ¥219 million | — | — |
Business Details
The company's largest segment, comprising stores located in Ibaraki, Tochigi, and Gunma prefectures. The majority are relatively long-held suburban stores, and the segment is promoting format conversions targeting family dining usage. It operates a diverse range of formats including "Shinobiya," "Umai," "Mondokoro," and "Chego!!," accounting for approximately 43.1% of total group revenue (in the first half of FY2026 (ending March 2026)). Wait, please disregard — the segment profit margin for the first half of FY2026 (ending November 2026) remained at a high level of 21.2%.
Recent Overview
H1 revenue of ¥1,316 million and profit margin of 21.2%, a marked improvement, though impairment losses on closed stores were also recorded
In H1 FY2026 (ending November 2026) (December 1, 2025 to May 31, 2026), the North Kanto Area recorded revenue of ¥1,316 million and segment profit of ¥279 million. This represents a substantial improvement from the prior H1 (April 1, 2025 to September 30, 2025) revenue of ¥1,105 million and profit of ¥148 million, with the profit margin rising from 13.4% to 21.2%. Meanwhile, an impairment loss of ¥4,300 thousand was recorded as an extraordinary loss, reflecting a write-down of the book value to the recoverable amount for two stores decided to be closed.
Key Products
Growth Drivers
- Continued effect of format conversions at suburban stores responding to family dining demand
- Increased reservations and store visit frequency through strengthened acquisition of proprietary app members and LINE members
- Expansion of customer base through conversion to meal-oriented formats such as "Umai" (including a new store opening in Kumagaya City, Saitama Prefecture)
- Steady capture of demand during peak seasons such as the year-end and New Year holidays
- Portfolio optimization through closure and format conversion of unprofitable stores
Risks
- Profit pressure from continued rises in raw material prices (ingredient and energy costs)
- Rising labor-related costs due to labor shortages
- Intensifying competition among stores of the same format at suburban locations and competition with other formats
- Impact on average customer spend and visit frequency from the declining trend in alcohol consumption
- Risk of recording impairment losses on stores decided for closure (H1 FY2026 (ending November 2026) actual: 2 stores in the North Kanto Area, ¥4,300 thousand)
Last updated: February 25, 2026