KICHIRI HOLDINGS & Co.,Ltd.
3082・Standard Market・Retail Trade
Food & Beverage Business
Core business providing high-value-added food service through multi-format expansion
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (cumulative Q3, FY2026 ending June 2026) | ¥12,109 million | ¥10,896 million (cumulative Q3, FY2025 ending June 2025) | ↑ |
| Net sales YoY change | +11.1% | — | ↑ |
| Operating income (cumulative Q3, FY2026 ending June 2026) | ¥320 million | ¥402 million (cumulative Q3, FY2025 ending June 2025) | ↓ |
| Operating income YoY change | -20.4% | — | ↓ |
| Operating margin (cumulative Q3, FY2026 ending June 2026) | 2.6% | 3.7% (cumulative Q3, FY2025 ending June 2025) | ↓ |
| Net sales (current consolidated fiscal year, full-year results) | ¥14,583 million | — | ↑ |
| Operating income (current consolidated fiscal year, full-year results) | ¥467 million | — | — |
Business Details
A core segment that operates multiple formats—Casual Dining KICHIRI, Ishigamaya Hamburg, the Korean cuisine format VEGEGO, and New Japanese Style, among others—nationwide, centered on mall and suburban-type restaurants. The segment differentiates itself by avoiding low-price competition and instead offering added value through high-quality cuisine and its distinctive hospitality ("omotenashi"). For the nine-month cumulative period of the third quarter of FY2026 (ending June 2026), sales amounted to ¥12,109 million, accounting for approximately 96.0% of the group's total.
Recent Overview
Net sales grew by double digits, but operating income fell 20.4% YoY due to cost inflation, worsening profitability
In the nine-month cumulative period of the third quarter of FY2026 (ending June 2026) (July 2025 to March 2026), net sales achieved solid growth of ¥12,109 million (up 11.1% YoY), driven by the normalization of economic activity and inbound demand. However, amid a challenging business environment marked by continued price increases in ingredient costs and ongoing labor shortages, the increase in selling, general and administrative expenses exceeded the sales growth, causing operating income to decline significantly to ¥320 million (down 20.4% YoY). The operating margin fell from 3.7% in the prior-year period to 2.6%, indicating a marked deterioration in profitability.
Key Products
Growth Drivers
- Continued recovery in dining-out demand accompanying the normalization of economic activity
- Increase in inbound demand
- Location adaptability through multi-format expansion, including KICHIRI, Ishigamaya Hamburg, and the Korean cuisine format
- Scale expansion through integration of the Franchise Business into the Food & Beverage Business segment
- Expansion of nationwide store openings centered on mall and suburban-type restaurants (tangible fixed assets increased by ¥354 million compared to the end of the previous fiscal year)
- Strong format development capability that accurately captures trends
Risks
- Pressure on profit margins from soaring ingredient, raw material, and utility costs (the operating margin for the cumulative Q3 of FY2026 worsened to 2.6% from 3.7% in the prior-year period)
- Chronic labor shortages and rising labor costs (selling, general and administrative expenses expanded 13.3% YoY to ¥8,527 million)
- Intensifying competition due to low barriers to entry in the food service industry
- Risk of delayed response to diversifying consumer preferences
- Risk of consumers avoiding dining out due to food labeling fraud or food poisoning incidents
- Risk of being unable to open stores as planned (difficulty securing properties)
- Risk of economic downturn due to continued surges in energy prices and worsening international conditions
Last updated: September 26, 2025