YAMAE GROUP HOLDINGS CO.,LTD.
7130・Prime Market・Wholesale Trade
Business
Yamae Group Holdings Corp. is a holding company with 82 consolidated subsidiaries, comprising a comprehensive wholesale business group organized into four segments: Food-related Business (general processed foods, alcoholic beverages, frozen foods, bento manufacturing, shochu manufacturing, etc.), Sugar & Flour / Feed & Livestock-related Business (food raw materials, feed, livestock products, marine products), Housing & Real Estate-related Business (construction materials, lumber, real estate sale and leasing), and Other (transportation, fuel, car rental). Centered on its core subsidiary Yamae Kuno Co., Ltd., with the Kyushu and Okinawa region as its main base, the group has continuously expanded its business scope and geographic coverage through M&A, and in FY2026 (ending March 2026), consolidated net sales surpassed ¥1 trillion for the first time. Its main customers include the food service industry, food manufacturers, and homebuilders, and it provides a variety of functions spanning upstream to downstream in the supply chain.
Business Model
With a wholesale business centered on the procurement and sale of food products, food raw materials, housing materials, etc. as its core, the company builds up gross profit by adding manufacturing, processing, and development functions such as bento manufacturing, shochu manufacturing, livestock farming, and real estate development. While maintaining a gross profit margin of 12.5% (FY2026 (ending March 2026)), a standard level for a wholesale business, the structure expands operating profit through the full-year contribution of subsidiaries acquired via M&A and synergies from sharing group-wide logistics and management resources. The use of CMS to improve cash efficiency and the securitization of trade receivables also contribute to diversifying fundraising methods.
Company Strengths
Since the establishment of the holding company in 2021, the company has successively made Confex Holdings Co., Ltd., Top Egg Co., Ltd., Osawa Real Estate Co., Ltd., Ajisai Holdings Co., Ltd. and others into subsidiaries, bringing the number of consolidated subsidiaries to 82. Positioning M&A as a core growth strategy, the company has expanded net sales approximately 2.2-fold over four years, from ¥503,635 million in FY2022 (ending March 2022) to ¥1,085,219 million in FY2026 (ending March 2026).
While centered on the Food-related Business (net sales of ¥839,047 million, 77.3% of total), the company also holds multiple segments including Sugar & Flour / Feed & Livestock-related Business (¥126,985 million), Housing & Real Estate-related Business (¥99,296 million), and Other (¥19,890 million). This avoids excessive dependence on any single segment, and in FY2026 (ending March 2026), the company secured operating profit in all segments.
Based on a master franchise agreement with Pizza Hut Asia Pacific Holdings LLC (through June 2027), the company holds exclusive rights to use the Pizza Hut trademark in Japan and sublicensing rights. It has incorporated a stable revenue source into its Food-related Business in the form of franchise fee income (continuing usage fees: 6% of each store's total revenue).
ENVALITH's Perspective
Performance Trend
Revenue continued to expand, rising from ¥503,635 million in FY2022 to ¥587,982 million in FY2023, ¥712,717 million in FY2024, ¥1,006,914 million in FY2025, and ¥1,085,219 million in FY2026. The substantial revenue increase in FY2025 was mainly driven by the full-year contribution of M&A subsidiaries. Operating profit expanded approximately 2.6-fold from ¥6,878 million in FY2022 to ¥18,080 million in FY2026, and net income also reached a record high of ¥11,082 million in FY2026, up 29.8% year on year. Key performance drivers included favorable market conditions such as robust demand from the food service industry amid rising inbound tourism demand, sustained high egg prices, and surging rice prices, while rising energy prices, higher logistics costs, and increased labor costs weighed on profits.
Growth Strategy
Under the new medium-term management plan "Create'ONE'28," the company aims to achieve consolidated net sales of ¥1,500.0 billion and ROE of 10% or higher by FY2029 (ending March 2029)
Building on the M&A track record under the previous medium-term plan "Progress Go'25," the new medium-term plan again positions M&A as the top basic strategy. Since FY2026 (ending March 2026), the company has continued to acquire companies such as Ajisai Holdings Co., Ltd., Usa Panko Co., Ltd., and Maruzen Seika Co., Ltd., making M&A the core pillar for expanding business areas toward the goal of achieving consolidated net sales of ¥1,500.0 billion in FY2029 (ending March 2029).
The company established Yamae Global Co., Ltd. (February 2025) and integrated the management of ORIGINAL JAPAN S.R.L. (Italy) and Arco Marketing Pte Ltd (Singapore). Overseas expansion is positioned as one of the basic strategies under the new medium-term plan, and the company is proceeding to build a global business foundation.
The company is promoting efficiency in the Transportation Business through the sharing and utilization of logistics resources within the group. By leveraging group logistics functions such as Takachiho Warehouse Transport Co., Ltd. and Kyushu Eiko Express Co., Ltd., the company is responding to increased internal logistics demand accompanying sales growth, while also strengthening competitiveness through improved logistics quality.
Investment in information systems is being expanded, including a ¥3,565 million increase in software investment in FY2026 (ending March 2026). Under the new medium-term plan, AX/DX investment is positioned as a core pillar of efficiency-improvement investment, aiming to improve operational efficiency and profitability across the entire group.
Under the new medium-term management plan "Create'ONE'28," the company has set financial targets of consolidated ordinary income of ¥33.0 billion (ordinary income margin on net sales of 2.2%) and ROE of 10% or higher by FY2029 (ending March 2029). The FY2026 (ending March 2026) ROE result of 11.3% has already achieved the target level, but raising the ordinary income margin from 1.7% to 2.2% remains a challenge.
Last updated: July 19, 2026