Synchro Food Co.,Ltd.

Business Details

Centered on Inshokuten.com (Recruitment, Properties, Procurement), the segment provides matching services connecting restaurant openers and operators with related businesses such as real estate agents, food procurement operators, and interior contractors. It comprises diverse services including job advertisement listings, store property listings, internet research, and business matching. Sales for FY2026 (ending March 2026) were ¥3,424 million (down 5.5% year on year), and segment profit was ¥583 million (down 40.7% year on year). This accounts for 61.8% of consolidated group sales of ¥5,541 million.

Recent Overview

Sales and profit both declined significantly due to deteriorating job advertisement market conditions and structural shifts in product demand

In FY2026 (ending March 2026), the Media Platform Business recorded sales of ¥3,424 million (down 5.5% year on year) and segment profit of ¥583 million (down 40.7% year on year), a substantial decline in profit. The mainstay job advertisement service continued to be affected by market conditions, and the structural shift in product demand from listing-based to success-fee-based and usage-based models intensified, remaining the primary driver of the decline in sales and profit. On the other hand, registered users grew steadily to 340,953 (up 7.5% year on year), and the number of related business operators also expanded to 5,304 companies (up 3.8% year on year). Paid users decreased to 10,048 (down 7.3% year on year). To restore profitability, the company is promoting the expansion of recruitment placement services and the introduction of new application-fee-based products, among other initiatives.

Key Products

Growth Drivers

• Continued increase in registered users driven by steady demand for restaurant openings, renovations, and business format changes (340,953 as of end-March 2026, up 7.5% year on year)
• Increase in the number of related business operators such as real estate agents, interior contractors, and food procurement operators (5,304 companies, up 3.8% year on year)
• Expansion of interior contractor coverage through integrated operation of Tenpo Design.com and Naiso Kenchiku.com
• Strengthened response to customer needs through expansion of recruitment placement services and introduction of new application-fee-based products
• Acquisition of new revenue opportunities through expansion of the product lineup toward success-fee-based and usage-based services

Risks

• Deteriorating market conditions for job advertisement services: the continuing structural shift in demand from listing-based to success-fee-based and usage-based models is the main cause of the decline in sales and profit
• Decline in paid users: down 7.3% year on year to 10,048 as of end-March 2026, continuing a downward trend
• Softening of the recruitment market: while hiring demand in the restaurant industry remains solid, there is a risk of slowing demand in the overall job advertisement market
• Goodwill impairment risk: goodwill balance for the Media Platform Business was ¥36 million (as of end-March 2026), down from the previous period, but further impairment is possible if performance continues to deteriorate
• Intensifying competition with rival platforms: risk of service obsolescence due to technological innovation in the internet industry
• Decline in share within the group: due to the newly consolidated Property Management Business, the segment's share of group sales fell from 91.7% in the prior period to 61.8%, changing its relative presence