BALNIBARBI Co.,Ltd.
3418・Growth Market・Retail Trade
Restaurant Business
Balnibarbi's core business. A restaurant operation business deploying 86 stores nationwide across 4 strategies.
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (Cumulative Q3 FY2026, ending July 2026) | ¥10,196 million | ¥9,539 million (same period prior year) | ↑ |
| Segment profit (Cumulative Q3 FY2026, ending July 2026) | ¥251 million | ¥345 million (same period prior year) | ↓ |
| Sales (Full year, FY2025 ending July 2025) | ¥13,032 million | — | — |
| Segment profit (Full year, FY2025 ending July 2025) | ¥546 million | — | — |
| Number of stores (End of Q3 FY2026, ending July 2026) | 86 stores | — | ↑ |
| Depreciation and amortization (Cumulative Q3 FY2026, ending July 2026) | ¥446 million | ¥408 million (same period prior year) | ↑ |
Business Details
Operates restaurants across 4 strategies: Bad Location, Real Estate Developer, Government & Public Institution, and University & Other. Rather than chain expansion, the company develops distinctive concepts store-by-store, with store operation subsidiaries providing detailed, hands-on management. This also includes the EC site (CANDLE TABLE) and consulting services. As of the end of Q3 FY2026 (ending March 2026... actually July 2026), the number of stores stood at 86 (Restaurant Business portion), forming the core of the group's total 104 stores.
Recent Overview
Sales rose 6.9% year on year, but segment profit fell sharply by 27.2% due to rising costs.
Cumulative Restaurant Business sales for Q3 FY2026 (ending July 2026) reached ¥10,196 million (up 6.9% year on year), securing revenue growth. The Real Estate Developer strategy (up 9.2%), University & Other (up 9.7%), and Consulting (up 18.6%) served as drivers. On the other hand, segment profit declined sharply to ¥251 million (down 27.2% year on year). Rising labor costs, energy prices, and food material prices pushed up SG&A expenses, offsetting the improvement in gross profit. In March 2026, two new stores were opened: "LA & LE" in Minami-Aoyama and "CAFFE ITALIANO LOCALE" in Sagamihara. In December 2025, "Garb Reeves" in Fukuoka closed due to the expiration of its fixed-term lease contract.
Key Products
Growth Drivers
- Accelerated new store openings in prime locations under favorable terms within the Real Estate Developer strategy (March 2026: "LA & LE" in Minami-Aoyama, "CAFFE ITALIANO LOCALE" in Sagamihara, etc.)
- Continued strong requests for store openings from government bodies and local authorities, with expanding participation in public space and regional revitalization projects
- Continued recovery in inbound demand and increased domestic travel demand associated with spring break and the leisure travel season
- Flexible business expansion into highly seasonal areas through the winter-season-only store model, along with diversification of employee work styles
- Revenue diversification through high growth in the Consulting business (up 18.6% year on year)
Risks
- Continued rise in labor costs increasing SG&A expenses and pressuring segment profit (Cumulative Q3 FY2026, ending July 2026: segment profit down 27.2% year on year)
- Cost increases due to soaring energy prices and prices of key food materials including rice
- Constraints on store operating structure and increased recruitment costs due to chronic labor shortages
- Risk of store closures due to the expiration of fixed-term lease contracts ("Garb Reeves" in Fukuoka closed in December 2025)
- Sluggish sales growth in the Bad Location strategy, limited to 3.4% year on year, lagging behind other strategies
Last updated: October 27, 2025