Y.S.FOOD CO.,LTD.
3358・Standard Market・Retail Trade
Restaurant Business (Y.S.FOOD CO.,LTD.)
Core segment accounting for approximately 91.6% of consolidated revenue, expanded into multiple business formats through M&A
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue | ¥1,673 million | — (No prior-period comparison due to commencement of consolidated financial statement preparation from FY2026 (ending March 2026)) | — |
| Segment Profit (Operating Income Basis) | ¥68 million | — | — |
| Segment Assets | ¥1,778 million | — | — |
| Depreciation | ¥40 million | — | — |
| Goodwill Amortization | ¥13 million | — | — |
| Increase in Tangible/Intangible Fixed Assets (Capital Expenditure) | ¥82 million | — | — |
| Goodwill Balance | ¥434 million | — | — |
| Total Number of Group Stores | 113 stores (7 directly-operated, 73 franchise, 22 overseas, 11 subsidiary) | — | — |
Business Details
Provides food and beverage services through domestic and overseas directly-operated stores and franchise stores, engages in wholesale sales of ramen and other products, and operates internet mail order sales in a composite manner. Through M&A activities during the fiscal year, the company added Yakiniku Yappa., KINKA SUSHI BAR IZAKAYA, BURGER REVOLUTION, ROTISSERIE★BLUE, and Kobe Beef Yakiniku Toma, transforming from a Kyushu-originated ramen company into an urban premium multi-brand group. The group's total number of stores reached 113 (7 directly-operated, 73 franchise, 22 overseas, 11 subsidiary).
Recent Overview
Completed 5 M&A deals in 10 months, transforming from a ramen-focused business into a multi-brand group
Following the launch of the new management structure in June 2025, the company executed the following: made Yappa Co., Ltd. (Yakiniku Yappa.) a wholly-owned subsidiary (July 2025), acquired the business of "Yakiniku BEEFMAN Yokohama" (now "Kobe Beef Yakiniku Toma") (August 2025), acquired the business of "ROTISSERIE★BLUE" (September 2025), made KINKA FAMILY JAPAN Co., Ltd. a consolidated subsidiary (December 2025, 80% acquisition), and made Burger Revolution Co., Ltd. a consolidated subsidiary (December 2025, 51% acquisition). Recorded segment revenue of ¥1,673 million and segment profit of ¥68 million. The company secured profitability while absorbing upfront costs such as M&A integration costs. In addition, in March 2026, the company concluded a basic OEM agreement with Kikusui, aiming to diversify wholesale revenue.
Key Products
Growth Drivers
- The 5 food and beverage brands acquired during the fiscal year are expected to contribute for a full year for the first time from FY2027 (ending March 2027), driving revenue to ¥3,600 million (up 97.1% year-on-year)
- Multi-store expansion into major domestic cities and overseas store openings leveraging inbound demand capture and international brand recognition of KINKA SUSHI BAR IZAKAYA and BURGER REVOLUTION
- Cultivation of a new pillar of wholesale revenue through the basic agreement for contract manufacturing (OEM) of raw noodles with Kikusui Co., Ltd. (gradual expansion from the Kyushu and Chugoku-Shikoku areas)
- Structural improvement of the FL ratio across all stores through demand forecasting, automatic ordering, and shift optimization using AI technology from SBWorks, which became a wholly-owned subsidiary in April 2026
- Rapid multi-store franchise expansion through acquisition of Area Franchise (AFC) contracts and expanded franchisee recruitment in the Kanto region
- Enhancement of added value through menu development and rebranding across all group brands led by Michelin chef Takahito Nishimura, who was appointed CCO
Risks
- Rising cost ratio due to persistently high ingredient prices, energy costs, and logistics costs (continuation of structural headwinds in the Food & Beverage Business)
- Increased personnel costs and store operating costs due to rising recruitment costs and hourly wages for part-time workers amid labor shortages
- Integration risk for brands acquired through 5 M&A transactions (including impairment risk for the goodwill balance of ¥434 million)
- Costs associated with exercising call options and valuation change risks related to the acquisition of remaining equity interests in KINKA FAMILY JAPAN (80% acquired) and Burger Revolution Co., Ltd. (51% acquired)
- Impact on urban premium brands from fluctuations in inbound demand (exchange rates, geopolitical risks, changes in the number of visitors to Japan)
- Risk of closure of overseas stores (22 stores) and impact of local regulations and exchange rate fluctuations on overseas expansion
- Fluctuation in royalty income due to risk of deteriorating performance or withdrawal of franchise stores
Last updated: July 13, 2026