Ikka Holdings.,Ltd
7127・Standard Market・Retail Trade
Food & Beverage Business
Core business accounting for approximately 77% of group sales. Operates multiple directly-managed restaurant formats primarily in the Kanto region.
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales | ¥8,905 million | ¥8,139 million | ↑ |
| Segment profit (operating profit) | ¥415 million | ¥55 million | ↑ |
| Segment profit margin | 4.7% | 0.7% | ↑ |
| Depreciation and amortization | ¥266 million | ¥233 million | ↑ |
| Increase in tangible and intangible fixed assets | ¥366 million | ¥529 million | ↓ |
| Impairment loss | ¥52 million | ¥141 million | ↓ |
| Existing store sales YoY change | +3.8% | Not disclosed | ↑ |
| Existing store customer count YoY change | -3.5% | Not disclosed | ↓ |
| Existing store average customer spend YoY change | +7.6% | Not disclosed | ↑ |
| Number of directly-managed stores (period end) | 87 stores | 92 stores (prior period end) | ↓ |
Business Details
Operates directly-managed restaurants under multiple formats, including Yatai-ya Hakata Gekijo, Taishu Jingisukan Sakaba Ramu-chan, Kodawarimon Ikka, Ninoya, Kankoku Yatai Handsome, and Niku no Ueki, primarily concentrated in the greater Tokyo metropolitan area. The business differentiates itself through staff-led "omotenashi" (hospitality) and focuses on acquiring members and cultivating repeat customers through its proprietary app. As of the end of FY2026 (ending March 2026), the number of directly-managed stores stood at 87. During the period, 3 new stores were opened, 2 stores underwent format conversion, and 4 stores were closed.
Recent Overview
Sales up 9.4% and segment profit up 652.6% YoY, a substantial improvement, driven by higher average customer spend.
In FY2026 (ending March 2026), the Food & Beverage Business achieved sales of ¥8,905 million (up 9.4% year on year) and segment profit of ¥415 million (up 652.6% year on year), a substantial improvement in profitability. At existing stores, customer count declined 3.5% year on year, while average customer spend rose 7.6%, resulting in existing store sales growth of 3.8%. Three new stores were opened in dominant areas (Ramu-chan Narita, Kodawarimon Ikka Narita, and Niku no Ueki Motoyawata). Following 4 store closures and 2 format conversions, the number of directly-managed stores at period end stood at 87. An impairment loss of ¥52 million was recorded on store assets, a significant reduction from ¥141 million in the prior period.
Key Products
Growth Drivers
- Continued new store openings in dominant areas (3 new stores opened in FY2026, ending March 2026)
- Increase in existing store average customer spend (up 7.6% year on year in FY2026, ending March 2026)
- Increase in member acquisition and repeat customer count through the proprietary app
- Increase in new customer count through enhanced external sales promotion
- Post-pandemic recovery in foot traffic and a recovering trend in inbound demand
- Improved management efficiency through store operation improvements
Risks
- Declining trend in existing store customer count (down 3.5% year on year in FY2026, ending March 2026)
- Rising cost ratio due to higher raw material and utility costs
- Labor shortages and increased hiring costs/personnel expenses (minimum wage increases, expanded social insurance coverage)
- Risk of impairment on store assets (an impairment loss of ¥52 million was recorded in FY2026, ending March 2026)
- Risk of customer count fluctuation due to external factors such as poor weather
- Risk of temporary costs associated with format conversions and store closures
Last updated: June 24, 2026