Eternal Hospitality Group Co.,Ltd.
3193・Prime Market・Retail Trade
Food & Beverage Business (Single Segment)
Single segment food & beverage business operating multiple brands centered on yakitori, both domestically and internationally
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (cumulative Q3, FY2026 (ending July 2026)) | ¥38,318 million | ¥33,822 million (same period prior year) | ↑ |
| Operating profit (cumulative Q3, FY2026 (ending July 2026)) | ¥2,367 million | ¥2,025 million (same period prior year) | ↑ |
| Ordinary profit (cumulative Q3, FY2026 (ending July 2026)) | ¥2,394 million | ¥1,988 million (same period prior year) | ↑ |
| Quarterly net profit attributable to owners of parent (cumulative Q3, FY2026 (ending July 2026)) | ¥1,532 million | ¥1,116 million (same period prior year) | ↑ |
| Net sales (full-year forecast, FY2026 (ending July 2026)) | ¥52,801 million | ¥46,357 million (prior full year) | ↑ |
| Operating profit (full-year forecast, FY2026 (ending July 2026)) | ¥3,430 million | ¥3,121 million (prior full year) | ↑ |
| Equity ratio (end of Q3, FY2026 (ending July 2026)) | 48.3% | 45.7% (end of prior fiscal year) | ↑ |
| Total assets (end of Q3, FY2026 (ending July 2026)) | ¥22,457 million | ¥21,382 million (end of prior fiscal year) | ↑ |
| Net assets (end of Q3, FY2026 (ending July 2026)) | ¥10,836 million | ¥9,774 million (end of prior fiscal year) | ↑ |
| Quarterly net profit per share (cumulative Q3, FY2026 (ending July 2026)) | ¥132.86 | ¥96.87 (same period prior year) | ↑ |
Business Details
Operates 1,146 domestic stores (416 directly-operated) centered on "Torikizoku" and "Yakitori Taikichi". Under the vision "Global YAKITORI Family," the company has also expanded into the US, South Korea, Shanghai, Taiwan, Hong Kong, and Vietnam, pursuing a multi-brand strategy by price tier: Luxury (mozu, Taimatsu), Premium (zoku, Yakitori no Hachibei), and Casual. Through a corporate split effective August 1, 2025, the company established Eternal Hospitality Japan Co., Ltd. as a regional holding company for the Japanese market, building an East-West split operating structure.
Recent Overview
Cumulative Q3 net sales grew 13.3% and net profit grew 37.2%, achieving double-digit growth across all profit line items
For the cumulative third quarter of FY2026 (ending July 2026) (August 2025 to April 2026), net sales were ¥38,318 million (+13.3% year-on-year), operating profit was ¥2,367 million (+16.9%), ordinary profit was ¥2,394 million (+20.5%), and net profit attributable to owners of parent was ¥1,532 million (+37.2%). At domestic "Torikizoku" existing stores, the effect of the price revision became apparent, with customer count +4.9%, average spend per customer +4.0%, and sales +9.1%. Overseas directly-operated sales expanded to approximately 2.6 times the prior year, reaching ¥917 million (versus ¥352 million in the same period prior year). Effective August 1, 2026, the company resolved to conduct a 1-for-2 stock split (subsequent event). The full-year earnings forecast remains unchanged (net sales of ¥52,801 million, operating profit of ¥3,430 million).
Key Products
Growth Drivers
- Simultaneous achievement of higher average spend per customer (existing stores +4.0%) and increased customer count (+4.9%) from the domestic "Torikizoku" price revision (implemented May 2025)
- Enhanced customer experience value through promotional initiatives such as the 40th anniversary fair and the "Toriki Fukubukuro" (lucky bag)
- Accelerated domestic new store openings (net increase of 18 Torikizoku stores, group total of 1,146 domestic stores) and agile management through the East-West split operating structure
- Overseas multi-brand expansion (first store opening in Vietnam in April 2026, initiation of expansion into the Philippines and Singapore) and preparation for franchise development through establishment of a US intermediate holding company
- Sustained high level of inbound demand and steady dining-out demand amid continued wage growth
Risks
- Profit pressure from continued increases in raw material prices, energy costs, and labor costs (SG&A expenses rose 12.2% year-on-year to ¥23,746 million)
- Risk of expanding upfront losses associated with overseas expansion (equity method investment loss of ¥8 million, increased interest expense, etc.)
- Impact on overseas business from changes in international conditions and foreign exchange fluctuations
- Rising new store opening costs due to increased store interior and construction expenses (property, plant and equipment increased by ¥718 million versus the end of the prior fiscal year)
- Risk to stable procurement of ingredients and supply chain disruption
Last updated: October 28, 2025