SRS HOLDINGS CO.,LTD.
8163・Prime Market・Retail Trade
Food Service Business (Single Segment)
A single-segment company operating multiple Japanese-food-focused restaurant formats domestically and overseas
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Consolidated) | ¥76,421 million | ¥67,478 million | ↑ |
| Operating Income (Consolidated) | ¥3,051 million | ¥2,678 million | ↑ |
| Ordinary Income (Consolidated) | ¥2,994 million | ¥2,539 million | ↑ |
| Net Income Attributable to Owners of Parent | ¥1,694 million | ¥925 million | ↑ |
| Operating Margin | 4.0% | 4.0% | — |
| Equity Ratio | 37.8% | 35.9% | ↑ |
| ROE (Return on Equity) | 9.9% | 5.7% | ↑ |
| Total Group Stores (Period-End) | 780 stores | 780 stores | — |
| Cash Flow from Operating Activities | ¥4,871 million | ¥3,677 million | ↑ |
| Cash and Cash Equivalents at End of Period | ¥13,287 million | ¥12,567 million | ↑ |
| Earnings per Share | ¥40.98 | ¥22.39 | ↑ |
| Annual Dividend per Share | ¥10.00 | ¥7.50 | ↑ |
Business Details
SRS Holdings is a food service group operating a diverse range of Japanese-food formats including Washoku Sato, Nigiri Chojiro, Umaisushikan (Amino Sushi format), Kazokutei, and Tendon Tempura Honpo Santen. The group operates 780 stores (including directly-managed and franchise stores) domestically and overseas, centered on the Kansai region, and is primarily engaged in direct sales to end consumers. Revenue for FY2026 (ending March 2026) was ¥76,421 million (up 13.3% year on year), driven by growth in existing-store sales, M&A effects, and new store openings. The company is advancing its five-year medium-term management plan "SRS VISION 2030," with FY2026 (ending March 2026) as its first year.
Recent Overview
Revenue up 13.3% and net income up 83%, marking substantial growth in both revenue and profit; medium-term management plan "SRS VISION 2030" launched
In FY2026 (ending March 2026), revenue was ¥76,421 million (up 13.3% year on year), operating income was ¥3,051 million (up 13.9%), and net income attributable to owners of parent was ¥1,694 million (up 83.1%), representing substantial profit growth. This was supported by existing-store sales growth, M&A effects, and new store openings. The company made Sushi Benkei Co., Ltd. a subsidiary, strengthening its gourmet sushi business. While the company recorded a gain on sale of investment securities of ¥538 million as extraordinary income, it also recorded an impairment loss of ¥612 million related to fixed assets and NIS goodwill. For FY2027 (ending March 2027), the company plans revenue of ¥83,000 million, ordinary income of ¥3,000 million, and net income of ¥1,800 million.
Key Products
Growth Drivers
- Steady food service demand supported by expanding inbound tourism demand (including effects of the Osaka-Kansai Expo)
- Business expansion through M&A (expansion of the gourmet sushi business store network through the consolidation of Sushi Benkei Co., Ltd.)
- Revenue growth at existing stores (increase in average customer spending through menu price revisions, enhanced sales of higher value-added items)
- Revenue contribution from new store openings (expansion of Washoku Sato into new market areas, continued store openings for Nigiri Chojiro and Umaisushikan)
- Improved productivity and customer convenience through store DX promotion (expanded adoption of mobile ordering, food delivery robots, and self-checkout)
- Scale expansion and profitability improvement aiming for revenue exceeding ¥100 billion under the medium-term management plan "SRS VISION 2030"
Risks
- Cost increase pressure from continued rises in raw material prices, including rice prices
- Rising labor cost pressure due to labor shortages (including minimum wage increases)
- Increased procurement costs due to heightened geopolitical risk and continued yen depreciation
- Risk of downside food service demand due to increasingly frugal consumer behavior amid prolonged price increases
- Risk of impairment of goodwill and trademark rights of subsidiaries acquired through M&A (an impairment loss has already been recorded for NIS Co., Ltd.)
- Impact on foreign exchange rates and the economy from unstable international conditions
Last updated: June 24, 2026