YAMAE GROUP HOLDINGS CO.,LTD.

Business Details

Handles the sale of general processed foods, confectionery, alcoholic beverages, frozen foods, etc., as well as shochu manufacturing, bento manufacturing, manufacturing, processing, and sale of agricultural and marine products, and food delivery services. Major affiliated companies include Yamae Kuno Co., Ltd., Minori Holdings Co., Ltd., Confex Co., Ltd., Echo Delica Co., Ltd., Nihon Pizza Hut Co., Ltd., and many others. Primary customers include the food service industry, convenience stores, and retailers, and the segment provides a wide range of food distribution functions spanning from the upstream to downstream of the supply chain. External customer sales as a percentage of consolidated net sales was 76.4% (FY2025, ending March 2025).

Recent Overview

Cumulative 3Q net sales of ¥614,271 million and operating income of ¥9,312 million, both up year on year

For the cumulative nine months of FY2026 (ending March 2026) (April-December 2025), net sales were ¥614,271 million (up 6.8% year on year) and segment operating income was ¥9,312 million (up 20.5% year on year). In addition to steady demand from the food service industry driven by inbound demand, the utilization rate of the bento factory for convenience stores in Higashi-ku, Fukuoka City, which began operations in October 2024, has gradually improved. On the other hand, with approximately 15,000 food items expected to see price increases in 2026, heightened consumer cost-consciousness, intensifying competition with other companies in the same industry, and rising utility and logistics costs due to higher energy prices continued to weigh on profit.

Key Products

Growth Drivers

• Continued expansion of inbound demand supporting steady demand from the food service industry
• Full-year contribution from M&A subsidiaries such as Confex Holdings Co., Ltd. (FY2025, ended March 2025)
• Improvement in the utilization rate of the bento factory for convenience stores in Higashi-ku, Fukuoka City
• Strong demand for alcoholic beverages and banquets driven by record-breaking heat waves and various events
• Strengthened cost management through Group-wide operational review and efficiency improvements

Risks

• Intensifying sales competition due to growing consumer cost-consciousness and frugality
• Rising utility and logistics costs due to higher energy prices (a factor weighing on profit)
• Continued food price increases (approximately 15,000 items expected annually in 2026) suppressing consumption
• Risk that the utilization rate of the bento factory for convenience stores will not improve as planned
• Impairment risk related to the unamortized goodwill balance of ¥25,517 million (end of FY2025, March 2025) (impairment loss of ¥1,076 million recorded in the current period)