FOOD & LIFE COMPANIES LTD.
3563・Prime Market・Retail Trade
Domestic Sushiro Business
The FLC group's core segment, centered on the domestic conveyor-belt sushi chain "Sushiro"
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (cumulative half-year) | ¥144,539 million | ¥129,097 million | ↑ |
| Segment profit (cumulative half-year) | ¥12,299 million | ¥11,178 million | ↑ |
| Segment profit margin (cumulative half-year) | 8.5% | 8.7% | ↓ |
| Depreciation and amortization (cumulative half-year) | ¥9,551 million | ¥8,673 million | ↑ |
| Number of stores at period-end | 668 stores (including 7 takeout-only stores) | 667 stores (including 8 takeout-only stores) | — |
Business Details
Operates "Sushiro" conveyor-belt sushi restaurants and takeout-only stores in Japan. As of the end of March 2026, the segment operated 668 stores (including 7 takeout-only stores), accounting for approximately 56.9% of the group's total revenue and serving as its earnings foundation. Under the theme "Straight to Sushi!", the segment combines product quality, in-store preparation, and digital initiatives to strengthen existing-store earning power while pursuing new store openings.
Recent Overview
Achieved solid revenue and profit growth, with revenue up 12.0% and segment profit up 10.0%
In the first half of FY2026 (ending March 2026) (October 2025 to March 2026), the Domestic Sushiro Business achieved revenue of ¥144,539 million (up 12.0% year on year) and segment profit of ¥12,299 million (up 10.0% year on year). The chain offered premium items such as "Special Cut Medium-Fat Tuna" and "Rich Sea Urchin Roll" starting at ¥110 (tax included), and ran collaboration campaigns including the "Hokkaido Delicious Foods Festival" and tie-ins with "JoJo's Bizarre Adventure" and "Puppet Sun Sun" to drive customer visits. During the first half, the chain opened 3 stores and closed 2, bringing the period-end store count to 668 (including 7 takeout-only stores).
Key Products
Growth Drivers
- Strengthening product quality under the theme "Straight to Sushi!" (continuous rollout of premium items such as bluefin tuna and wild sea urchin)
- Enhancing customer experience value through expanded rollout of Digital Sushiro Vision (Digiro)
- Creating visit motivation through collaboration campaigns with popular content
- Improving ingredient procurement precision and reducing food loss via an AI-based demand forecasting system
- Expanding the store network through new openings in urban areas
Risks
- Rising cost ratios due to surging prices of raw materials including rice and energy
- Rising labor costs due to chronic labor shortages and social pressure for wage increases (employee benefit expenses for the half-year rose 21.0% year on year to ¥66,207 million)
- Medium- to long-term growth constraints from Japan's declining population and shrinking room for new store openings
- Intensifying competition on price and quality amid changing consumer preferences and rival companies
- Rising import ingredient costs due to prolonged yen depreciation
Last updated: December 22, 2025