KUSHIKATSU TANAKA HOLDINGS CO.
3547・Standard Market・Retail Trade
Kushikatsu Tanaka
Core Food & Beverage segment accounting for approximately 56% of Group sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (interim cumulative) | ¥9,963 million | ¥8,347 million | ↑ |
| Segment operating profit (interim cumulative) | ¥1,405 million | ¥1,089 million | ↑ |
| Number of stores at period-end | 352 stores | 344 stores (start of period) | ↑ |
| Year-on-year sales growth rate | +19.4% | ― | ↑ |
| Year-on-year operating profit growth rate | +29.0% | ― | ↑ |
Business Details
The core business rolling out the Osaka-born kushikatsu (deep-fried skewer) specialty restaurant chain "Kushikatsu Tanaka" nationwide. The business operates a multi-store network through two axes—directly-operated stores and franchise (FC)—running 352 stores as of the end of the interim period of FY2026 (ending November 2026). It is characterized by a casual dining (izakaya) style that appeals broadly across age groups and to families. Interim sales of ¥9,963 million account for approximately 56% of the Group's consolidated sales of ¥17,859 million, making it the main pillar of Group earnings. Although its share of the total declined due to the consolidation of Pisora, the absolute amount grew steadily, up 19.4% year on year.
Recent Overview
"Mugen Kushi" renewal drove increased customer traffic, resulting in higher sales and profit
In the interim period of FY2026 (ending November 2026) (December 2025 to May 2026), continued new store openings (8 stores opened during the period, zero closures) combined with the renewal of the hit "Mugen Kushi" series and the "Mugen Mission" initiative featuring a sour drink dedicated to Mugen Kushi contributed to increased customer traffic. The company maintained the quality of its signature menu items while responding to fluctuations in raw material prices, and maintained average customer spending through the introduction of seasonal, high-value-added menu items. The segment achieved increased sales and profit, with sales of ¥9,963 million (119.4% year on year) and operating profit of ¥1,405 million (129.0% year on year).
Key Products
Growth Drivers
- Continued scale expansion through ongoing new store openings (8 stores opened in the interim period of FY2026 (ending November 2026), 352 stores at period-end)
- Increased customer traffic through the renewal of the "Mugen Kushi" series and the introduction of new products such as a sour drink dedicated to Mugen Kushi
- Brand strengthening through various campaigns, social media outreach, media appearances, and cross-industry collaborations aimed at increasing brand awareness
- Boosting food service demand by actively capturing robust inbound tourism demand
- Maintaining and improving average customer spending through the introduction of seasonal, high-value-added menu items
- Reduced store opening costs and creation of Group synergies through in-house handling of interior construction (Group Interior Construction (In-house))
Risks
- Risk of rising cost ratios due to surging prices of ingredients and raw materials (including sharp rises in crude oil prices and increased logistics costs)
- Risk of rising labor costs due to worsening labor shortages and continued wage increase pressure
- Downward pressure on customer counts and average spending due to growing frugality and defensive consumer sentiment in Japan
- Intensifying competition in the food service industry (increasing cross-format competition)
- Brand risk related to food poisoning and hygiene issues (increasing difficulty of QSC management amid nationwide chain expansion)
Last updated: February 25, 2026